Managing Director, Head of External Partnerships, Public Equities

aimco; Calgary; On-site; CAD 350,000 - 520,000; Full time

Job summary

AIMCo's Public Equities team is seeking a Managing Director, Head of External Partnerships to lead externally managed investment strategies and identify high-quality external managers. Based in Calgary, Alberta, the role directs manager selection, underwriting, portfolio construction, capital allocation, and negotiations, while developing the External Partnerships team.

The successful candidate will guide global manager relationships and contribute to AIMCo's portfolio objectives through

Qualifications

• 15+ years in institutional asset management or related field.
• Proven track record in external manager selection and oversight.
• Strong quantitative and qualitative evaluation skills.

Responsibilities

• Lead sourcing, evaluation, underwriting and oversight of external managers across equity and absolute return strategies.
• Oversee portfolio construction, capital allocation and risk/return alignment.
• Negotiate investment management agreements and governance terms; manage external manager relationships.

Skills

Investment judgment

Negotiation

Executive presence

Strategic leadership

Relationship management

International travel

Education

CFA

CAIA

MBA or advanced degree

Job description

CLOSING DATE: October 27, 2026 Opportunity

AIMCo's Public Equities team is seeking a Managing Director, Head of External Partnerships to lead our externally managed investment strategies.

External Partnerships is a key component of the Public Equities platform, complementing AIMCo's internally managed active equity strategies in delivering against shared risk and return objectives. The mandate spans globally deployed equity and absolute return strategies, with a focus on identifying high-quality external managers and determining where external strategies can enhance the overall portfolio.

Working closely with the Global Head of Public Equities, the Managing Director will provide strategic leadership across external manager selection and underwriting, portfolio construction, capital allocation, commercial negotiations and ongoing oversight, while leading and developing the External Partnerships team.

** This role will close at 11:59 pm MST on October 26, 2026 **

Key Responsibilities

• Investment Management & Portfolio Construction
  • Lead the sourcing, evaluation, underwriting and ongoing oversight of external managers across equity and absolute return strategies.
  • Oversee portfolio construction and capital allocation, ensuring external strategies contribute effectively to Public Equities' overall risk and return objectives.
  • Evaluate investment strategies, performance, risk exposures and sources of investment edge using rigorous quantitative and qualitative analysis.
  • Lead recommendations related to manager selection, sizing, redemption and termination.
  • Assess external strategies in the context of AIMCo's internally managed exposures and broader portfolio objectives.
• Commercial & Relationship Management
  • Lead negotiations related to investment management agreements, fee structures, commercial terms and governance arrangements.
  • Build and maintain relationships with leading external managers and investment partners globally.
  • Represent AIMCo with external managers, industry peers, clients and other stakeholders.
• Leadership & Collaboration
  • Lead and develop a high-performing team of investment professionals, fostering a culture of collaboration, intellectual curiosity and accountability.
  • Partner closely with Public Equities leadership and internal investment teams to share market intelligence, manager insights and investment perspectives.
  • Contribute to the strategic direction and continued evolution of AIMCo's Public Equities platform.
  • Partner effectively across AIMCo to support strong investment governance and client outcomes.

This role is based in Calgary, Alberta.

Qualifications

• Minimum of 15 years of institutional asset management experience, with significant experience selecting, underwriting and overseeing external investment managers.
• Deep expertise across externally managed equity strategies, including long-only and short-extension strategies, as well as absolute return strategies.
• Strong understanding of hedge fund and equity investment approaches, including their underlying risk and return drivers.
• Demonstrated track record of manager selection, sizing, capital allocation and termination decisions.
• Strong quantitative capabilities applied to manager evaluation, portfolio construction and investment risk management.
• Significant experience negotiating investment management fees, commercial terms and governance arrangements.
• Demonstrated experience leading and developing investment professionals.
• Strong academic background; CFA, CAIA, MBA or another relevant professional designation or advanced degree is strongly preferred.
• Ability and willingness to travel internationally as required.

Key Skills & Competencies

• Exceptional investment judgment and analytical capability.
• Strategic and commercially minded approach to investment decision-making.
• Strong negotiation and relationship management skills.
• Executive presence with the ability to represent AIMCo effectively with sophisticated external partners and senior stakeholders.
• Collaborative leadership style and ability to influence across investment teams.
• Ability to exercise sound judgment and make timely decisions in complex investment environments.
• High degree of integrity, accountability and professionalism.

Final candidates will be asked to undergo a security screening, which includes a credit bureau and a criminal record investigation, the results of which must be acceptable to AIMCo.

At AIMCo, we draw upon the differences in who we are, where we come from and the way we think to deliver results for the Albertans who rely on us. We offer an inclusive, m