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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Toronto, Ontario

Salary: $163K - $198K

UPP ($10 billion in AUM) is the first pension plan of its kind in Ontario’s university sector, proudly serving over 39,000 members across four universities and 12 affiliate organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care. As a sector-wide plan designed for growth, our doors are open to all Ontario universities.

THE ROLE

This is an exciting opportunity for an exceptional individual to join a team of high performing professionals and make a significant impact.

 

Reporting to the Managing Director, Public Markets, the Manager, Absolute Return Strategies, will build strong trusted relationships and communicate effectively with internal and external stakeholders in support and development of UPP’s Absolute Return Strategy portfolio and strategy. An inclusive ‘one fund’ mindset will unite the investment team in a shared mission to meet the pension promise, deliver on UPP’s expectations as a responsible investor, and position our investment platform as a key competitive differentiator.

 

This role is based in downtown Toronto under a hybrid work policy, allowing employees the flexibility to work remotely and in-office (approximately two days per week in-office).

SPECIFIC ACCOUNTABILITIES

  • Contribute to the development of UPP’s Absolute Return Strategy investment strategy on an on-going basis, with a particular focus on hedge fund equity and managed futures strategies
  • Research and recommend absolute return strategies that will contribute to both the asset class and total fund performance
  • Lead certain aspects of the manager due diligence process on equity and managed futures managers, including virtual and/or site-visits and provide support in the on-boarding and negotiation process
  • Contribute to the team’s portfolio construction efforts
  • Collaborate with investment finance, operational, legal and tax teams to ensure appropriate negotiation, documentation, structure and management of the on-boarding process
  • Review and/or prepare material to support Investment Committee meetings, including portfolio commentaries and manager memos
  • Build and nurture strong partnerships with external managers
  • Contribute to the building of the infrastructure and tools necessary for external manager analysis and monitoring and portfolio management
  • Collaborate with the Responsible Investment group and other industry participants to integrate and implement UPP’s Responsible investment strategy with external managers
  • Contribute to UPP’s reputation as a respectful employer, partner, and fiduciary

 

QUALIFICATIONS & EXPERIENCE

  • Minimum of 5 years of experience in the investment management and/or pension industries, or consulting, with some experience in the search, selection, due-diligence and monitoring of external hedge fund managers. A good knowledge of hedge fund equity and managed futures strategies would be a plus
  • CFA, CAIA or any other relevant professional designation would be an asset

 

ATTRIBUTES

  • A passion for markets and in particular hedge fund strategies
  • Inquisitive, ask questions and fast learner
  • Detail-oriented with strong analytical and problem-solving skills
  • Excellent written and oral communication skills and a keen ability to convey technical information clearly and concisely
  • A nimble, proactive team player who thrives in a start-up environment
  • Excellent interpersonal skills and a positive attitude; able to build positive relationships with UPP and external stakeholders
  • Demonstrated ability to meet high performance standards and maintain a calm, pleasant demeanor in a fast-paced, deadline-driven environment
  • Alignment with UPP’s desire to be a leader in Responsible Investing, ESG, and climate change

PERSONALITY TRAITS

  • Self-driven
  • Humility
  • Strong work ethic
  • Passionate about sustainability
  • Empathetic
  • Collaborative
  • Authentic
  • Personable
  • Confident

UPP enthusiastically welcomes applications from all qualified applicants and especially invites people with lived experience as an Indigenous person, a person with a disability or as a member of another Human Rights Code protected group that faces barriers to employment to apply. Our goal is to create a barrier-free experience for every candidate throughout the recruitment process, so if you require accommodation at any point during the process, please let us know so that we can make the appropriate arrangements. It would be our honor to work with you to adapt our processes to ensure that you can meaningfully participate.