Investment Associate/ Senior Investment Associate

About the role

The Investment Associate or Senior Investment Associate will join the four-person team responsible for overseeing Exeter's $1.8 billion endowment. The endowment supports more than 50 percent of the Academy's operating budget and helps make need-blind admission possible. This generalist role offers broad exposure across asset classes and participation throughout the investment decision-making process.

Responsibilities

• Work closely with the team on new investment research and diligence.
• Conduct quantitative and qualitative research to analyze the market opportunity, strategy, and track record of a prospective investment manager.
• Evaluate the manager’s investment process, key employees, and organization.
• Complete diligence calls and meetings.
• Draft investment memos.
• Track and analyze performance, key return drivers, and exposures at the manager and portfolio level.
• Monitor and help to periodically re-underwrite existing managers.
• Draft written recommendations for additions or redemptions from existing managers.
• Periodically produce written portfolio updates for the Investment Committee.
• Maintain manager pipeline, market maps, and capital planning reports.
• Support periodic asset allocation reviews.
• Prepare materials for, and participate in, investment committee meetings.
• Travel for investment manager meetings and conferences.