Director Investments

University of Richmond; Richmond (VA); On-site; USD 180,000 - 260,000; Full time

Job summary

Spider Management Company, the OCIO affiliate of the University of Richmond, seeks a Director of Investments to evaluate opportunities across public asset classes and manage the process from screening to post-investment monitoring.

You will lead quantitative and qualitative analyses, engage with managers, and collaborate with senior investment staff and operations teams to produce client-ready reports and materials.

Qualifications

• Demonstrated knowledge of financial theory and portfolio analytics.
• Experience investing in public markets through external managers.
• Deep understanding of equities, credit, and fixed income securities.
• Strong quantitative, analytical, and problem-solving skills.
• Strong command of financial systems (Bloomberg) and Microsoft Office suite (Excel, PowerPoint).
• MBA and/or CFA, preferred.

Responsibilities

• Identify and evaluate new investment opportunities through due diligence meetings, quantitative analyses, and investment memos.
• Cultivate relationships with prospective managers through networking and reference calls.
• Contribute to portfolio management decisions by monitoring markets and researching long-term opportunities across asset classes.
• Lead and contribute to investments across all public asset classes (public equity, absolute return, fixed income).
• Perform analyses of the public portfolio and current/prospective managers.
• Prepare reports and materials for investment committees and external presentations.
• Represent Spider to external stakeholders and maintain a strong industry network.

Skills

Financial theory

Portfolio analytics

Equities knowledge

Credit knowledge

Fixed income knowledge

Quantitative analysis

Bloomberg

Microsoft Office

Communication skills

Project management

AI productivity tools

Independent work

Education

MBA

CFA

Tools

Bloomberg Terminal

Excel

PowerPoint

Job description

Job Description

Spider Management Company ("Spider Management" or "Spider"), a wholly owned affiliate of the University of Richmond ("University"), is the investment office for the University and a select group of other endowments and foundations. Through a unique outsourced chief investment officer (OCIO) model, Spider Management has over $7 billion in assets under management, representing nearly $4 billion from the University and over $3 billion from other non-profits including colleges & universities, independent schools, community foundations, and cultural institutions. Spider Management is a leading investment management firm, investing in a single portfolio across public equity, hedge funds, absolute return, venture capital, private equity, and real assets strategies.

The Position

The Director, Investments will be an integral part of the investment team, with a focus on evaluating opportunities across Spider's public asset classes, including public equity, absolute return (directional hedge funds, lower correlation strategies, credit), and fixed income. This individual will participate in all aspects of the investment process from initial screening and due diligence, through approval, to post-investment monitoring and reporting. The successful candidate will assist in overall portfolio management - detailed and thorough manager research, portfolio analysis, performance analysis, and manager meetings. This person will work closely with all team members, including senior members of the investment team, investment analysts/associates, and members of the Operations and Investor Relations teams. They will engage in meetings with a range of external stakeholders, including the investment committees of the University of Richmond and Spider's other non-profit client partners.

Responsibilities

• Portfolio ManagementIdentify and evaluate new investment opportunities through conducting due diligence meetings with potential managers, performing quantitative analyses, completing reference calls, and preparing written investment memosCultivate relationships with prospective managers through networking, reference calls, and industry landscapingContribute to portfolio management decisions by monitoring the global economic and market environment and researching potential long-term, thematic investment opportunities across asset classesActively lead and contribute to investments across all public asset classes (public equity, absolute return, fixed income)Perform quantitative and qualitative analyses of the public portfolio, individual public sub-asset classes, and current and prospective managersPerform industry research and analysis to help inform portfolio allocation and manager selection decisionsActively engage in and contribute to discussions and investment decisions across the entire portfolio, including private asset investments
• Monitoring and ReportingPerform ongoing review and analyses of current managers regularly (monthly or quarterly)Lead external manager relationships and communication, including attending annual meetings, manager due diligence meetings, and conference calls, in partnership with other members of the public-focused teamWork with the Investor Relations, Operations, and Investment teams to prepare quarterly reports, investment committee meeting materials, client presentations, and special projectsWork with the Operations team to develop and maintain reports to monitor the public portfolio along with current and prospective managers
• Other ResponsibilitiesProvide training and mentorship to junior professionalsRepresent Spider to a range of external stakeholders, including investment managers, the University of Richmond, and external clientsMaintain a strong network within the GP and LP investment community to contribute to Spider's portfolio management and brandContribute to enhancing the team's overall culture, effectiveness, and reputation for professional excellenceOther projects as requested

Professional Experience / Qualifications

The successful candidate will have at least 8-12 years of investment experience, including some experience working at an endowment, foundation, OCIO firm, family office, fund of funds, or similar organization allocating capital to external investment managers. Additional qualifications include:

Required Knowledge, Skills, and Ability:

Demonstrated knowledge of financial theory and portfolio analyticsExperience investing in public markets through external managersDeep understanding of equities, credit, and fixed income securitiesSound understanding of a wide variety of financial instrumentsStrong quantitative, analytical, and problem-solving skillsStrong command of financial systems (Bloomberg) and Microsoft Office suite of products (Excel, Word, PowerPoint)Able to work both independently with minimal direction and collaboratively on a teamAbility to work on concurrent projects and prioritize accordinglyDemonstrate initiativeStrong written and verbal communication skillsStrong organizational skills and attention to detailAbility to meet challenging deadlines while maintaining a high degree of quality and accuracyProject management skillsExperience with AI-powered productivity tools, including large language models (LLMs), or willingness to learn and utilize such tools effectivelyPreferred Knowledge, Skills, and AbilityInterest and commitment to nonprofit investment managementExperience training and mentoring more junior professionalsStrong communication skills to represent Spider to a range of internal and external stakeholders and investment managersMBA and/or CFA, preferred

Exceptional personal qualities include:

Unquestioned integrity and the highest ethical standardsImagination and creativityA team orientation and collegial styleForesight and pragmatismA commitment to a culture of excellence and client serviceOutstanding communication skills and a diplomatic interpersonal manner, confident personal style, and humility