Investment Director, MRI Research

Cambridge Associates LLC Boston , MA 02298

Posted 9 months ago

Firm Overview

We are a leading global investment firm and aim to help endowments & foundations, pension plans, and high net worth private clients implement and manage custom investment portfolios that generate outperformance and enable them to maximize their impact on the world. Working alongside its early clients, Cambridge Associates pioneered the strategy of high-equity orientation and broad diversification, which since its inception in the 1980s has been a primary driver of performance for institutional investors. Today, we deliver a range of portfolio management services, including outsourced CIO, non-discretionary portfolio management, investment staff extension, and asset class mandates. Cambridge Associates maintains offices in major financial centers across the globe, with headquarters in Boston, MA.

Working with some of the world's most sophisticated institutional investors, we bring a deep knowledge of portfolio management best practices to the clients we serve, and select our colleagues with great attention to their potential to become a valuable member of a collaborative, intelligent and hard-working team.

Position Overview

The Cambridge Associates' Mission-Related Investing (MRI) Platform is dedicated to assisting our clients in the broad area of Environmental, Social, and Governance (ESG), Impact, and mission-related investing. We are currently hiring for a full-time employee in this area, specifically an Investment Director to focus on MRI manager research. This position is located in our San Francisco or Boston offices.

The MRI Investment Director will focus on two primary responsibilities: identifying and researching MRI managers across asset classes, and serving as a resource to clients and other investment directors throughout the firm as they construct and implement customized MRI programs.

The MRI Investment Director will work alongside the other MRI directors to oversee and participate in all aspects of MRI manager research, which includes sourcing new manager ideas, conducting due diligence and developing recommendations, and creating due diligence reports in collaboration with research directors to present to the appropriate rating committee. The Investment Director will be responsible for the ongoing monitoring of any MRI managers that are utilized in client portfolios.

Manager coverage will be across asset classes, including long-only equity and fixed income managers incorporating exclusionary screens and/or environmental, social and governance (ESG) factors into the investment process, and a wide range of private investment strategies, including those focused on environmental sustainability, education, health and wellness, community development, financial inclusion, and infrastructure.

Job Responsibilities

  • Collaborate with other members of the MRI Platform and Global Investment Research to complete in-depth due diligence on mission-related investment opportunities. Responsibilities include: hosting manager meetings, leading due diligence, travelling to on-site meetings, reference calls, and written reports summarizing the evaluation of the opportunity.

  • Build relationships with and act as a primary point of contact for MRI managers.

  • Conduct ongoing monitoring of MRI managers, including reporting on impact outcomes.

  • Serve as an informed, trusted resource to colleagues and clients. Directors must keep abreast of market trends, authoring research on topics relevant to mission-related investment markets and our clients' interests. They are responsible for leading research projects, delegating and coordinating in-depth analyses for their Investment Associates.

  • Contribute to and present at monthly firm-wide manager research meetin

  • Lead or contribute to topical research on key impact investing themes.

  • Represent the firm at industry conferences and seek speaking engagements, where appropriate.

  • Oversee the activities and workflow of the analysts in the MRI Practice, in coordination with other MRI Investments Directors.

Qualifications

  • A BA/BS required, MBA or CFA strongly preferred.

  • 5 - 8 years of appropriate knowledge and experience preferred, gained from work in a similar capacity at a family office, large institutional investor (such as a pension fund or endowment), fund-of-funds, or at a private equity investment firm.

  • Advanced knowledge and experience in mission-related investing is required.

  • Experience with private investment due diligence preferred.

  • Demonstrated qualitative and quantitative analytical skills.

  • Demonstrated relationship-building skills.

  • Excellent oral and written communication skills.

  • An ability to work independently and in teams.

  • Ability to assign priorities to multiple requests for information, while ensuring integrity, accuracy, completeness, and timeliness of data.

  • Willingness to travel occasionally, including internationally.

People who work at Cambridge Associates will always cite our collaborative culture and intellectually stimulating environment as some of the reasons they joined the firm. It is also an innovative, high-performing commercially focused firm where clients come first. As a Cambridge Associates employee the internal team dynamics, the training program, and the continuous knowledge sharing ensures you will receive all the support you need to maximize your contributions and development. You will receive a competitive salary and reward package, as well as work for an organization that serves many mission related institutions.

All applications must include a resume and cover letter.


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Investment Director, MRI Research

Cambridge Associates LLC