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Type of Role: Investments

Experience Level: Managing Director/CIO

Location: Richmond, Virginia

Salary: $280K - $307K

Spider Management Company (“Spider Management” or “Spider”), a wholly owned affiliate of the University of Richmond (“University”), is the investment office for the University and a select group of other endowments and foundations. Through a unique outsourced chief investment officer (OCIO) model, Spider Management has approximately $5.8 billion in assets under management, representing $3.1 billion from the University and $2.7 billion from other non-profits including colleges & universities, independent schools, community foundations, and cultural institutions. Spider Management is a dynamic and fast-paced investment management firm, investing a single portfolio across public equity, hedge funds, absolute return, venture capital, private equity, and real assets strategies.

Position Summary

Reporting to the Chief Investment Officer (CIO), this role acts as a senior investment team member and directly contributes to the oversight of the university’s $1.9 billion endowment. The endowment portfolio is diversified across public and private asset classes and primarily managed by third-party investment managers. This position is based in Richmond, Virginia.

Role & Responsibilities

  • Assist the CIO in executing the investment strategy within a generalist environment; however, the Managing Director is expected to have a focus on leading private market efforts.
  • Act as a lead in identifying new investment opportunities, oversee the due diligence process from start to finish and monitor existing investments.
  • Assist in oversight of the portfolio as it relates to risk management, including liquidity management, investment pacing, and ensuring desired risk exposures are targeted.
  • Provide input into the strategic direction of the endowment, including assistance with asset allocation and thematic research.
  • Maintain a strong network of peers and other industry participants.
  • Mentor and provide leadership to junior members of the team.
  • Engage and build credibility with members of the Investment Committee.

Qualifications

  • At least 15 years of investment experience within an endowment, foundation, OCIO, or family office environment.
  • Bachelor’s degree required; master’s degree and CFA preferred.
  • Experience across multiple asset classes, with significant exposure to private markets (venture capital, private equity, credit, real assets).
  • Past success in independently sourcing ideas, managing workflow, and building consensus within a collaborative environment.
  • Prior exposure to organization-wide collaboration as it relates to operations, reporting, legal, and audit.
  • Prior experience with management of staff.
  • Willingness to travel as needed as part of the investment diligence process.