This position is open to multiple locations: (Boston or New York)
The Investment Principal will join our Public Equities Team in Boston or New York. The individual will be responsible for supporting senior investment professionals in our research activities across public equity strategies including fundamental long-only and long/short, long-duration, equity market neutral and quantitative strategies. The individual must be comfortable working in a fast-paced, entrepreneurial environment. In addition, the individual must be equally comfortable working independently as well as with a large team to execute on the opportunity set.
The Public Equities Team manages the Firm’s Public Equities investment program across external manager relationships and direct investments. The Partners Capital research team is the engine for identifying and underwriting attractive investment opportunities for inclusion in client portfolios.
The primary goal of the Public Equities Research Team is to deliver high absolute and relative returns over the long-term by partnering with of top-tier managers and select direct investments.
The team also supports the growth of the business through innovation, creativity and continuous improvement of our investment program in the face of a competitive and rapidly changing market environment. It also requires that we develop our people, our processes and our systems to stay at the forefront of the investment management industry. We are seeking an individual who would be a key contributor to these efforts.
Investment Sourcing Diligence:
Source attractive investment opportunities in public equity asset managers and other direct investment opportunities. This includes top-down searches for the best available options in specific areas of the market as well as bottom-up sourcing of best ideas. Manage rigorous and comprehensive due diligence processes with the support of other members of the Public Equities team. Stress-test managers’ assumptions and develop an independent view of the merits of an investment, particularly in the context of the manager’s mandate, skill and experience.
Diligence activities include meetings with managers, quantitative analysis of portfolios and performance, qualitative assessments of team, investment process and research quality, and external referencing and triangulation. The diligence process concludes with a detailed written investment presentation for discussion among the team and with the Internal Investment Committee.
Prepare Internal and External Investment Documentation: Create materials for internal investment committee consideration. Internal documentation includes transaction information, company/opportunity financial analyses, due diligence findings, and investment recommendation. Also prepare summary materials for client-facing teams / fundraising.
Investment Monitoring and Portfolio Management: Lead ongoing diligence and monitoring of investment managers and opportunities, including formal quarterly and annual reporting processes. Be a key contributor to the ongoing evolution of our view of the attractiveness of a manager or opportunity. Grow to become the lead day to day point of contact for Partners Capital with the best-in-class asset managers we strive to partner with. Conduct ongoing research on core investment themes. Assist in portfolio management function for pooled investment vehicles.
Process management is critical to the success of the team’s investment activities. Core responsibilities include investment database support, client investment process management and marketing support.
In addition to the above, you will, for variety, take on other activities and projects, which might include researching and improving our portfolio construction knowledge and approach, assisting with business development, or helping to develop our technological capabilities.
Key responsibilities may be assessed and are subject to change from time to time based on the needs of the business. The individual may be required to work overtime as needed.
Qualifications / Attributes
- Deep understanding and passion for investing and markets
- 5+ years of experience in a manager due diligence role or relevant experience in direct investing, investment banking or sales/trading
- Undergraduate degree with a strong track record of academic achievement
- High proficiency in Microsoft Office (Excel, PowerPoint, Word, Outlook)
- Excellent problem-solving and interpersonal skills
- Ability to thrive in a collaborative working environment
- Intellectually curious and a team player who is willing to do whatever it takes to contribute to the success of the business
Compensation / Benefits
Partners Capital is committed to being a great place to work. We are focused both on wellbeing and professional growth. You can expect professional development and career progression opportunities, competitive compensation, exceptional benefits, and a flexible “results-focused” working model. Our benefits package includes medical, dental, and vision insurance, short and long-term disability insurance, life insurance, flexible spending accounts, commuter benefits, paid time off and a 401(k) plan with employer matching. The Firm also supports global philanthropy via a charity program and volunteer day. In addition, we champion a variety of wellness and social events.
New York requires Partners Capital to include a reasonable estimate of the base salary range for this role. This base salary range is specific to individuals applying to work in our New York City office and takes into account a number of factors. A reasonable estimate of the base salary range for this role in New York City is $150,000 – $200,000. The base salary offered will be determined on factors such as experience, skills, training, certifications and education. Decisions will be determined on a case-by-case basis. The base salary is one element of our competitive compensation package. In addition to the base salary, this position may be eligible for performance-based incentives and our profit share program.
Hiring Manager: Christoph Guenther, Managing Director, Head of Public Equities