Skip to main content

Type of Role: Investments

Experience Level: Managing Director/CIO

Location: Durham, North Carolina

Salary: $1000K - $1500K

DUMAC Inc, the investment arm of Duke University, is seeking an experienced and intellectually curious investor to join the Private Investments team as an Investment Manager.

POSITION HAS NOW BEEN FILLED

 

Work Performed

The Investment Manager will play a key role in sourcing, assessing, and recommending investment opportunities in investment fund managers across private asset classes, in addition to collaborating within areas such as portfolio construction and stakeholder communication.

Key aspects of this role include the following:

  • Develop and maintain a pipeline of investment opportunities in fund managers across private equity, venture capital, natural resources, and real estate
  • Lead meetings and calls with existing and prospective investment fund managers
  • Lead thorough due diligence on compelling potential opportunities, including qualitative and quantitative analysis of fund strategy, approach, investment process, organization, underlying positions detail, and historical performance
  • Prepare and present recommendations to the Chief Investment Officer and Private Investments team regarding opportunities with both new and existing investment fund managers
  • Monitor the performance, underlying positions, significant events, and organizational changes of existing fund managers
  • Monitor the broad capital market environment and evaluate DUMAC’s ongoing investment fund manager array in relation to broader forces
  • Help maintain the investments-related database
  • Prepare and present regular reports on Private Investments sub-portfolio positioning, performance, and strategy for stakeholders
  • Maintain a network with the investment community to aid in knowledge of opportunities and to serve as references
  • Travel domestically and internationally for meetings in relation to existing and prospective investments
  • Assist in the establishment, assessment, and modification of broad DUMAC’s portfolio strategic asset allocations, as well as tactical adjustments
  • Collaborate with colleagues across the organization, including coaching and mentoring junior members of the Private Investment team
  • Act as a team player, providing critical feedback to team members on fund and direct investments and otherwise, as well as being receptive to such feedback
  • Assist in maintaining Duke’s reputation for professional excellence, integrity, credibility with the investment community
  • Perform various other related duties on an ad-hoc basis

Required Qualifications At This Level

This role requires experience in research and financial analysis, generally acquired through at least six years of related experience.  Significant experience is preferred in a senior role leading the sourcing and managing of investments in funds within an institutional context, such as at a university endowment, foundation, or similar organization.  Completion of a bachelor’s degree is required; an MBA and/or CFA are preferred.

About DUMAC

DUMAC is the investment office that manages a $25+ billion 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 offices are 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 world, with a diversity of backgrounds, expertise, and perspectives.

Minimum Qualifications

Education

Work requires communications and analytical skills generally acquired preferred. through completion of a bachelor’s degree program. An MBA and CFA are desired.

Experience

Work requires experience in research and financial analysis, generally OR AN EQUIVALENT COMBINATION OF RELEVANT EDUCATION AND/OR EXPERIENCE acquired through two years of related experience.

Duke is an Affirmative Action/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, sexual orientation, or veteran status.

Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the 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.