Senior Investment Analyst – Absolute Return Strategies / Equities

Texas Permanent School Fund Corporation; United States; Presencial; USD 100.000 - 140.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Retirement benefits

Health and life insurance

Paid holidays

Retirement options

Training opportunities

Parking

Flexible work arrangements

Office location near downtown

Descripción de la vacante

The Texas Permanent School Fund Corporation is seeking a Senior Investment Analyst to join its Absolute Return Strategies and Public Equities team. This role focuses on manager research, due diligence, and investment analysis across hedge funds and public equity strategies.

You will evaluate investment managers, analyze performance, risk, and portfolios, and prepare detailed research for senior professionals and the Investment Committee. Strong communication is essential.

Formación

• Bachelor’s degree in Finance, Economics, Accounting, Business, or a related field.
• 2+ years of relevant investment experience in hedge funds, public equities, asset management, or investment research.

Responsabilidades

• Source and evaluate hedge fund and public equity opportunities across strategies and geographies.
• Conduct comprehensive due diligence on investment managers.
• Analyze investment philosophy, strategy, and risk, and assess operational infrastructure.

Conocimientos

Investment research

Quantitative analysis

Due diligence

Portfolio monitoring

Communication

Risk assessment

Educación

Bachelor’s degree in Finance/Accounting/Economics/Business

Herramientas

Bloomberg Terminal

Descripción del empleo

Who We Are

The Texas Permanent School Fund (PSF) is a constitutionally established education endowment with more than 180 years of history supporting Texas public schools. Today, PSF manages more than $60 billion in assets through a diversified, long-term investment strategy designed to generate sustainable returns, preserve the Fund for future generations, and support Texas K-12 education. Our portfolio spans a broad range of public and private market strategies, including public equities, private and public credit, real estate and real assets, private equity, absolute return strategies, venture capital, and co-investments. Across the portfolio, Texas PSF works with leading investment firms and managers across markets and strategies. In addition to providing permanent funding for Texas public schools, the Fund also supports the Bond Guarantee Program, helping school and charter districts access lower borrowing costs and directing more resources toward classrooms and students. Our work supports more than 5 million students across 1,000+ school districts statewide. Guided by fiduciary responsibility, integrity, and service to Texans, PSF combines institutional scale with an enduring mission: strengthening public education and investing in Texas’s future.

Job Summary

The Texas Permanent School Fund Corporation is seeking a Senior Investment Analyst to join its Absolute Return Strategies and Public Equities team. The team manages a portfolio of external investment managers across a range of hedge fund and public equity strategies, including long/short equity, market neutral, relative value, multi-strategy, quantitative, global macro, long only and other differentiated investment approaches. This is an investment role with significant responsibility for manager research, due diligence, portfolio monitoring and investment analysis. The Senior Analyst will work closely with senior investment professionals and will have meaningful exposure to external investment managers, prospective investments and the broader institutional portfolio. The successful candidate will combine strong analytical skills with intellectual curiosity, sound investment judgment, excellent communication skills and the ability to develop differentiated perspectives on investment managers and strategies.

What You’ll Do

• Source and evaluate prospective hedge fund and public equity investment opportunities across a broad range of strategies, sectors, and geographies.
• Conduct comprehensive quantitative and qualitative due diligence on prospective and existing investment managers.
• Analyze investment philosophy, strategy, portfolio construction, risk management, organizational structure, team, incentives, and operational infrastructure of prospective and existing investment managers.
• Evaluate investment performance, including attribution, exposures, factor sensitivities, drawdowns, liquidity, and risk-adjusted returns.
• Conduct market and strategy research to identify emerging opportunities, risks, and areas of potential investment interest.
• Prepare detailed investment research and recommendations for senior investment professionals and the Investment Committee.

Portfolio Management & Monitoring

• Monitor existing managers and maintain a deep understanding of their portfolios, investment processes, personnel, and business developments.
• Evaluate changes in portfolio positioning, risk, exposures, performance, and investment strategy.
• Assess portfolio-level exposures, diversification, liquidity, beta, factor exposures, and other relevant risk characteristics.
• Participate in manager meetings, investment conferences and other industry events to develop relationships and maintain current market knowledge.

Investment Execution

• Support the investment process from initial sourcing and screening through due diligence, Investment Committee approval, documentation, and implementation.
• Prepare investment memoranda, portfolio analyses, presentations and other materials used in investment decision-making.
• Work collaboratively with Legal and Compliance, Risk, Operations, Operational Due Diligence and other internal teams to execute investments and monitor ongoing requirements.
• Contribute to special projects and strategic initiatives designed to improve the team’s investment process and portfolio outcomes.

What We’re Looking For

Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field

2+ years of relevant investment experience, preferably including hedge funds, public equities, asset management, investment banking, investment research, or another role involving fundamental investment analysis.

Demonstrated understanding of public equity markets and/or alternative investment strategies.

Strong quantitative and analytical skills, including the ability to analyze investment performance, portfolio exposures, and risk.

Excellent written and verbal communication skills, including the ability to distill complex investment concepts into clear conclusions.

Demonstrated ability to conduct independent research and develop well supported investment views.

Strong attention to detail and the ability to manage multiple priorities in a deadline driven environment.

High level of integrity, intellectual curiosity, and professional judgment.

Preferred but Not Required

• Experience conducting due diligence on external investment managers.
• Direct experience evaluating hedge funds, long/short equity, market neutral, relative value, multi-strategy, or other alternative investment strategies.
• Experience evaluating public equity managers or conducting fundamental equity research.
• CFA or CAIA designation, or progress toward either designation.
• MBA or other relevant graduate degree.
• Familiarity with portfolio analytics, performance attribution, factor analysis, and investment databases.
• Established relationships within the hedge fund and/or institutional investment community.

Key Benefits

This position offers the opportunity to work as part of a sophisticated institutional investment team with direct exposure to leading investment managers and strategies across the global public markets. Texas PSF's status as a special purpose governmental corporation allows for a unique opportunity to provide state employee benefits along with other company perks.

• retirement benefits
• employer-paid health and basic life insurance
• generous paid holidays
• multiple retirement options - along with longevity pay and a range of optional insurance plans
• in-house training and professional development opportunities
• free downtown parking
• flexible work arrangements
• office location near the Moody Amphitheater at Waterloo Park

You can find additional benefits details at www.ers.texas.gov.

About PSF

The Texas Permanent School Fund (PSF) is a constitutionally established education endowment created by Texas’s first Constitution in 1845 as a perpetual fund to support the state’s public schools, and it was seeded with $2 million in 1856. Since that time, the PSF has grown to more than $60 billion in assets and distributes over $2.4 billion annually to Texas K-12 schools. In 2021, the 87th Texas Legislature established the Texas Permanent School Fund Corporation (Texas PSF) as a stand‑alone, special‑purpose governmental corporation. Today, PSF manages its assets with a long‑term investment perspective to generate sustainable funding for public education. Through a diversified investment platform and strong operational, legal, financial, and governance functions, PSF serves as a careful steward of public capital, helping secure billions of dollars in school district bonds and supporting more than 5 million students across 1,000+ school districts statewide. Guided by principles of fiduciary responsibility, integrity, and service to Texans, PSF plays an enduring role in strengthening public education and investing in Texas’s future.

Contact

Home - Texas Permanent School Fund Corporation