Cornell's Office of University Investments directs the University's approximately $6.7 billion long-term investment fund under the oversight of the University Board of Trustees, which is responsible for strategic management of all investable funds and implements policy through the Investment Committee of the Board.
The Board and Investment Committee are focused today on recruiting an outstanding, seasoned investment professional to support the University's Chief Investment Officer in New York City. The Investment Team presently has 22 employees.
DO NOT APPLY ONLINE FOR THIS POSITION, SUBMIT MATERIALS TO THE CONTACT INFORMATION LISTED BELOW.
This position is located in our New York City office.
Reporting to the Chief Investment Officer, the Investment Officer will play a significant role in the management of the endowment portfolio. This individual will be assigned to manage various asset classes based on his/her experience and desire, which may include enhanced fixed income, public equities, and/or hedge funds. Additional responsibilities include:
Sourcing and maintaining a pipeline of investment opportunities and funds that will provide a strategic advantage to the University's investment portfolio
Conducting thorough due diligence (both investment and operational) on the most compelling prospective opportunities including analysis of investment strategy, process, organization, portfolio positions and performance
Monitoring performance, portfolio positions, current events and organizational changes of the University's existing fund managers and completing analytical reviews to evaluate the relative performance of each fund manager on a regular basis
Preparing and presenting recommendations regarding new investment opportunities to the Investment Office Staff and the Investment Committee for approval
Maintaining the team's reputation for professional excellence and credibility both inside the University and throughout the investment management community
Researching and leading topics of discussion on an ad hoc basis
Recruiting, training and supervising internal investment professionals; fostering a culture of intellectual curiosity, analytical rigor and innovation
Skills and Qualifications
The successful candidate must have the vision, creativity, and at least seven years of substantial relevant investment experience from an endowment, foundation, pension fund, or investment management firm, major Wall Street institution or fund-of-funds. Ideally, he/she may have experience investing in distressed assets, bank loans, direct lending, credit-related assets in general, equities and/or hedge funds and should possess the investment credibility, confidence and communication skills to interact with the CIO, the Board and various constituents. Additional qualifications include:
Must have the ability to integrate strong analytics in his/her quantitative and qualitative investment evaluations
Established network of investment contacts and GP relationships; ability to access independent network for manager evaluation and reference checking purposes
Capacity to think creatively and explore themes and identify managers which are unique
Collegial and able to coordinate team efforts
Strong communication and presentation skills, both spoken and written; the ability to influence and negotiate effectively
Strong planning and organizational skills and a proven ability to work independently and under pressure
A patient and disciplined investor who seeks and accepts a high degree of personal responsibility
The highest level of integrity, intellectual capability, honesty and loyalty; excellent judgment
Willingness to travel
Must be enthusiastic about being part of the University and contributing to its mission
Strong academic credentials are required.A Bachelor's degree is required; an MBA, MS, PhD, CFA or an equivalent designation is strongly preferred.
To be considered for this position, interested candidates should send their cover letter and resume to David Barrett Partners, the firm managing this search, at:
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