DUMAC is the investment office that manages a 25 billion dollar portfolio on behalf of Duke University, Duke Health System, Duke Employees Retirement Plan, and The Duke Endowment. DUMAC invests globally across asset classes including venture capital, private equity, hedge funds, real estate, natural resources, derivatives, commodities, equities, and fixed income. DUMAC’s investment performance consistently ranks among the top of its peer group. DUMAC is located minutes from Duke University in downtown Durham. The Raleigh-Durham metro area is a vibrant, technology-focused region of two million residents that regularly lands atop lists of best places to live and work in the country. DUMAC’s staff hail from across the U.S. and around the globe.
What Are the Responsibilities of the Analyst?
Analysts are involved in all stages of the investment process—from sourcing, origination, and due diligence to implementation of investment opportunities, followed by monitoring and portfolio management. Analysts will:
- Assist in the identification, evaluation, selection, and monitoring of investment opportunities
- Perform qualitative and quantitative analysis to evaluate and compare opportunities, risks, and performance of current and potential investments
- Assist in determining the appropriate asset allocation for DUMAC’s portfolio
- Help maintain the investments database
- Directly assist the Chief Investment Officer and other investment team members in preparing critical presentations
- Draft reports detailing investment recommendations and actions
- Independently research topics related to portfolio management and new investment areas
What Makes the Analyst Role a Compelling Opportunity?
Broad Exposure
Analysts focus on public securities, including equities, hedge funds, fixed income, and commodities. This broad exposure to asset classes gives analysts the opportunity to learn about numerous investment strategies.
Access to the World’s Top Investors
Analysts interact with some of the world’s most respected investment professionals. Because U.S. endowments are viewed as high-quality clients, DUMAC’s capital is highly coveted by investment firms globally.
Responsibility
DUMAC’s small, flat organizational structure provides analysts with significant responsibility. Analysts may lead manager dialogues and conduct valuable, actionable research.
Culture
DUMAC offers a collegial and intellectually curious environment. Analysts are encouraged to explore research projects that could contribute to the investment process and to form and share independent opinions on managers and markets.
Professional Development
DUMAC analysts typically begin in a 3-year program where they meet, learn from, and engage with top investment managers. This position serves as an exceptional launchpad for a career in asset management. DUMAC also offers full financial support for analysts pursuing the Chartered Financial Analyst (CFA) designation.
What Makes an Endowment Unique?
- An infinite time horizon enables the investment team to make long-term allocations, adopt contrarian views, and accept short-term volatility
- Significant exposure to emerging markets, commodities, and alternative and illiquid investments (hedge funds, venture capital, private equity, real estate, natural resources) allows for investment performance not typically accessible to traditional market participants
Desired Qualifications
- Bachelor’s degree from an accredited college or university attained or expected by May 2022, with an excellent academic record
- Excellent written and verbal communication skills
- Strong analytical and research capabilities
- Proficiency with quantitative tools (e.g., Excel, Crystal Ball)
- Strong time management skills and ability to prioritize multiple projects
- Ability to work effectively within a small, dynamic team
- High personal integrity and absolute discretion in handling confidential business information
- Ability to interact with business executives and represent DUMAC professionally in business and social settings
- Demonstrated interest in investment management through internships, research, projects, prior work experience, or personal investing
For more details, visit: https://dumac.duke.edu
Minimum Qualifications
Education:
Bachelor’s degree
Experience:
OR an equivalent combination of relevant education and/or experience
Anticipated Pay Range
Compensation is determined based on the position’s responsibilities, candidate’s experience, education, skills, internal equity, and market factors.
Benefits
Duke offers comprehensive benefits, including:
- Competitive medical and dental care
- Generous retirement programs
- A variety of family-friendly and cultural resources
Learn more: https://hr.duke.edu/benefits
Essential Physical Job Functions
Certain jobs at Duke University and Duke University Health System may include essential functions requiring specific physical and/or mental abilities. Additional information and accommodations will be made available by each hiring department.
Duke is an Equal Opportunity Employer committed to providing employment opportunity without regard to an individual’s age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex (including pregnancy and pregnancy related conditions), sexual orientation or military status.
Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends onthe robust exchange of ideas—an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.
Essential Physical Job Functions: Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.
