- Hedge Fund Recruiters and Staffing SpecialistsChief Investment Officer
Hedge Fund Jobs
- Capital Introduction Associate
- Chief Compliance Officer
- Chief Financial Officer
- Chief Investment Officer
- Chief Operating Officer
- Chief Risk Officer
- Chief Technology Officer
- Compliance Analyst
- Credit Analyst
- Equity Analyst
- Execution Trader
- Fund Accountant
- Fund Controller
- Head of Research
- Head of Trading
- Investment Analyst
- Investor Relations Manager
- Macro Analyst
- Middle Office Analyst
- Operations Analyst
- Operations Manager
- Portfolio Manager
- Quantitative Analyst
- Quantitative Developer
- Quantitative Researcher
- Research Analyst
- Risk Manager
- Trade Support Analyst
The chief investment officer sets the investment philosophy of the firm and is accountable for the performance of the whole book. The role sits above individual portfolio managers, allocating risk across strategies, deciding which mandates to fund and which to close, and owning the relationship between investment results and the firm’s commercial position. It is a leadership job as much as an investing one, since most of the value comes from choosing people and setting the framework they operate inside.
Typical Duties and Responsibilities
- Define the investment philosophy, process and risk framework of the firm
- Allocate capital and risk across strategies, sectors and portfolio managers
- Hire, evaluate and, where necessary, replace portfolio managers and analysts
- Chair the investment committee and arbitrate between competing views
- Review performance attribution and hold teams accountable for their results
- Set and enforce exposure, leverage and concentration limits with the risk team
- Represent the investment process to institutional investors and consultants
- Approve new strategies, markets and instruments before capital is committed
- Work with operations and technology on the infrastructure the strategies need
- Report to the founders or board on positioning, performance and capacity
Education
- Bachelor’s degree in finance, economics or a quantitative discipline
Required Skills and Experience
- 12+ years of investment experience including direct responsibility for capital
- Track record of building and leading investment teams
- Command of portfolio construction and risk allocation across multiple strategies
- Credibility with institutional allocators and their due diligence processes
- Experience setting governance and controls around investment decisions
- Ability to evaluate strategies outside your own area of specialism
- Exceptional judgment about people, since manager selection drives most of the outcome
- Composure and clarity during periods of poor performance
Preferred Qualifications
- CFA charter or an advanced degree in a quantitative field
- Experience at a multi-strategy or multi-manager firm