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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: New York City, New York

Salary: $220K - $311K

The Rockefeller Foundation is an American private foundation and philanthropic medical research and arts funding organization based in New York City. The second-oldest major philanthropic institution in America, the foundation was ranked as the 39th largest U.S. foundation by total giving.

To Apply : The Rockefeller Foundation has retained David Barrett Partners to advise on this appointment. To apply for this role, please send your resume to Meg Morris at mmorris@davidbarrettpartners.com . All resumes sent to The Rockefeller Foundation will be directed to David Barrett Partners for processing which may cause delays in reviewing your application.

Position Overview

The Foundation is seeking to recruit a Portfolio Manager, Hedge Funds to be a senior investment team member, led by the Chief Investment Officer (CIO), who manages the $5.7 billion investment portfolio. This is a unique opportunity to be a senior member of an extremely stable, high-performing investment team that emphasizes a collaborative, consensus-oriented, and team-focused culture. The organization is seeking an outstanding investor and consummate team player who can be an important and impactful member of the senior leadership over the short and long term.

The Portfolio Manager, Hedge Funds will report directly to the CIO and will work with all members of the Investments Office to invest the endowment assets in a manner that generates superior risk-adjusted returns, thereby preserving the endowment’s real value and providing for The Rockefeller Foundation’s program spending. While the Portfolio Manager’s primary responsibility is to manage the Hedge Fund portfolio, they are also expected to work across all asset classes with other members of the Investments Office. The position entails frequent travel.

Pay Range : $220,000- $310,750. This represents the present low and high end of the Foundation’s pay range for this position. Actual pay will vary based on various factors, including but not limited to experience.

Work Schedule: This role is on a hybrid work schedule, and required to be in the office on Tuesdays, Wednesdays, and Thursdays.

Principal Duties And Responsibilities

Hedge Fund Portfolio Management

  • Provide oversight for the Foundation’s existing Hedge Fund investments by maintaining relationships with the principals of each fund manager and by attending periodic meetings and visiting external managers’ offices regularly.
  • Develop and propose an investment strategy for the Hedge Fund portfolio.
  • Source prospective managers through various network channels; cultivate relationships with top-tier managers for addition to the Foundation’s portfolio.
  • Lead and conduct due diligence on prospective investment managers.
  • Recommend investment ideas to the CIO and Deputy CIO; prepare and deliver oral and written investment proposals to the team and the Chair of the Investment Committee.
  • Consistently work to evolve best practices in evaluating external managers.
  • Enhance and maintain a process, which utilizes cutting-edge quantitative analyses, for risk oversight of the Hedge Fund portfolio.
  • Oversee valuation, performance measurement, and risk analysis for the Hedge Fund portfolio.
  • Prepare and present periodic Investment Committee updates on the Hedge Fund portfolio.
  • Conduct ongoing research on trends in hedge fund investing.
  • Maintain relationships with other peer investors responsible for hedge fund investing.

Other Responsibilities

  • Serve as a backup portfolio manager for other marketable asset classes.
  • Provide input on investment decisions regarding hiring and terminating managers across asset classes.
  • Aid in determining overall portfolio strategy, including broad asset allocation decisions and strategies unique to each asset class.
  • Supervise the Investment Analyst for the marketable portfolio, and serve as a mentor to, and resource for, analysts within the Investments Office.
  • Help prepare Investment Committee presentations (written and oral).
  • Participate in all Investments Office portfolio review meetings, staff meetings, and staff retreats.
  • Provide select geographic coverage across asset classes.
  • Represent RF at external meetings and industry conferences.
  • Contribute to special projects as required.

Education, Experience, And Skills

  • Extensive experience in identifying and overseeing investment managers in marketable asset classes, specifically having a breadth of experience across the full spectrum of hedge fund strategies.
  • A broad interest in – and knowledge of – finance and investment.
  • A proven ability to think strategically, analyze critically, and translate ideas and insights into investment performance through actionable strategies.
  • Commitment to RF’s mission and core values.
  • Excellent communication skills, both written and oral.
  • Demonstrated teamwork skills including relationship building, interpersonal communications, openness to the ideas of others, ability to collaborate effectively with colleagues, and willingness to provide coaching and development for junior staff.
  • Strong sense of financial stewardship and fiduciary responsibility.
  • Willingness and ability to bring a high-energy, focused, and dedicated effort to producing work of the highest quality.
  • Keen sense of judgment in evaluating people, organizations, and risk.
  • Network of contacts in institutional investing.
  • Undergraduate degree in finance or economics or equivalent work experience ideally combined with a CFA, graduate degree preferred.

Qualifications And Competencies

  • Balances Stakeholders: Anticipates and balances the needs of multiple stakeholders.
  • Cultivates Innovation: Creates new and better ways for the organization to be successful.
  • Develops Talent: Develops people to meet both their career goals and the organization’s goals.
  • Manages Complexity: Makes sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
  • Values Differences: Recognizes the value of different perspectives and commits to inclusion, equity, and diversity in every aspect of work.

About The Rockefeller Foundation

The Rockefeller Foundation is a pioneering philanthropy built on collaborative partnerships at the frontiers of science, technology, and innovation that enable individuals, families, and communities to flourish. We make big bets to promote the well-being of humanity and make opportunity universal and sustainable. Our focus is on scaling renewable energy for all, stimulating economic mobility, and ensuring equitable access to health care and nutritious food. For more information, sign up for our newsletter at https://www.rockefellerfoundation.org and follow us on Twitter @RockefellerFdn .

The Rockefeller Foundation offers a comprehensive and competitive benefits package that includes health insurance programs, tuition reimbursement and student loan repayment, a generous 401K, parental leave, and various forms of paid time off, all to help our employees feel energized, cared for, and engaged.

As an organization, we focus on six values to advance our culture and continue our success. We are dedicated to being Transparent , Optimistic , Accountable , Collaborative, Trusted, and Equitable . We operate from a strong commitment to equity, diversity, and inclusion in everything that we do. It is not only the right thing to do – we could not make an impact without our team members’ diverse perspectives and experiences. We expect all employees at the Foundation to contribute by developing their unique perspectives and talent, challenging conventional wisdom through evidence and reason, and amplifying marginalized voices.

The Rockefeller Foundation is committed to the principles of equal employment opportunity and compliance with all federal, state, and local laws concerning employment discrimination, including the Americans with Disabilities Act. To this end, the Foundation ensures equal opportunity to all employees and applicants regardless of race, color, age, gender, sexual orientation, religion, marital status, national origin or ancestry, citizenship, lawful alien status, physical, mental, and medical disability, veteran status, or liability for service in the United States Armed Forces.

The Rockefeller Foundation is an Equal Opportunity Employer.