Director, Hedge Fund Investments

UTIMCO; Austin (TX); On-site; USD 180,000 - 280,000; Full time

Job summary

UTIMCO’s equity market neutral managed account hedge fund platform seeks a senior professional to source, underwrite, and monitor fundamental equity managers, while evaluating portfolio performance, risk, and asset allocation.

The role requires 7+ years buyside experience, advanced financial tools (Excel, Bloomberg), AI-enabled research, and the ability to lead due diligence, negotiate terms, and communicate with senior stakeholders. In-office four days a week in Austin, with travel up to 10%.

Qualifications

• Strong communication and analytical abilities with buyside experience.
• Proven ability to lead due diligence and portfolio evaluation.
• Experience with Excel/Bloomberg and AI-assisted research.
• CFA/MBA credentials are preferred for senior level.

Responsibilities

• Assist in building and monitoring UTIMCO’s equity market neutral managed account hedge fund platform.
• Sourcing and assessing new portfolio managers; attend industry events.
• Monitor manager and portfolio performance and risk; report findings.

Skills

Communication skills

Analytical skills

Leadership

Team collaboration

Travel willingness

Education

Bachelor's degree in finance/accounting or related field

MBA from leading institution

CFA designation

Tools

Excel

Bloomberg

AI tools

Job description

The Hedge Fund team member will help develop and oversee UTIMCO’s equity market neutral managed account hedge fund platform by sourcing, underwriting, and monitoring fundamental equity managers; evaluating portfolio performance, risk, and asset allocation; negotiating investment terms; and maintaining strong relationships with investment partners. The successful candidate will bring 7+ years of buyside fundamental equity investing experience, strong underwriting, quantitative, portfolio construction, and risk-management skills. The candidate must have the ability to lead comprehensive due diligence, communicate effectively with senior stakeholders, and represent UTIMCO with integrity and professionalism. The role also requires advanced financial-tool and responsible artificial intelligence (AI) proficiency, strong written and verbal communication, mentoring capability, and willingness to travel.

Overall Responsibilities

• Assist in building and monitoring UTIMCO’s equity market neutral managed account hedge fund platform, which includes:
• Sourcing and assessing new portfolio managers by establishing trusted industry contacts, meeting prospective partners, and attending relevant industry events
• Monitoring individual manager and overall portfolio performance and risk
• Fostering valued relationships with all investment partners
• Conducting periodic updates to initial due diligence
• Conducting periodic on-site visits with key investment and operations personnel
• Lead comprehensive due diligence process for evaluating and underwriting prospective fundamental equity managers (including but not limited to in-depth company analysis, manager performance and risk, manager strengths and weaknesses, risk management, reference checks, evaluation of service providers, assessment of existing investor base, and thorough review of relevant legal documents with input from counsel)
• Negotiate fees and terms on new and existing investments with counsel
• Assist the Senior Managing Director with asset allocation decisions and portfolio evaluation
• Prepare standard and ad hoc reports and presentations to facilitate communication and transparency to the Investment Committee, Board of Directors, and other external entities as required
• Mentor and develop junior-level team members
• Maintain knowledge of global capital markets and industry trends by monitoring current financial publications, leveraging personal contacts with outside research/industry professionals, and conducting ad hoc research
• Represent UTIMCO in the marketplace with highest integrity and professionalism

Requirements

• 7+ years of buyside experience in fundamental equity investing
• Strong understanding of fundamental underwriting, portfolio construction, and risk management
• Ability to communicate effectively and professionally across Investment team members and UTIMCO
• Exceptional quantitative skills, with the ability to evaluate fund and portfolio performance
• Advanced proficiency in financial tools and applications (e.g., Excel, Bloomberg)
• Proficiency in applying artificial intelligence (AI) tools to improve research, analysis, communication, and workflow efficiency, with sound judgment regarding accuracy, confidentiality, and appropriate use
• Strong written and oral communication skills
• Demonstrated ability to build and maintain strong professional relationships
• Collaborative, organized, adaptable, and resourceful, with a team-oriented and “can-do” attitude
• Unquestioned honesty, integrity, and transparency
• Availability to travel domestically and internationally (10%)

Preferred Qualifications

• Bachelor’s degree in finance, accounting or related field
• MBA from a leading institution
• CFA designation

Note: This role requires in-office 4 days a week: Monday through Thursday.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.