Associate Portfolio Manager

2 weeks ago


United Kingdom Border To Coast Pensions Partnership Full time

Associate Portfolio Manager

Leeds & Hybrid working

Competitive Salary

Border to Coast is seeking an experienced Investment Professional to be an integral part of the External Managed investment team that is responsible for the design, launch, and ongoing management of all externally managed fund propositions, including, but not limited to: UK, Global, Emerging Market Alpha and Emerging Market Equity funds, Sterling Investment Grade Credit and Multi Asset Credit.

This is an exciting opportunity within a flourishing institutional asset management business and a clear progress path to Portfolio Manager.

About the role:

Our External Management Team currently manage £15bn of assets, across both equity and fixed income funds, and oversee c.20 manager relationships.

As Associate Portfolio Manager, you would lead eight to ten manager relationships and would be responsible for all due diligence and ongoing monitoring conducted on selected strategies. Our manager research goes beyond traditional monitoring, and you would be required to undertake granular research (stocks, themes, macro) to understand the key drivers of risk and opportunities within each portfolio.

You will work closely with the three portfolio managers and will directly feed into Tactical Asset Allocation processes across both equity and fixed income.

Expanding on the above, the role will involve:

  • Fundamental research to support the Team’s understanding of manager and fund-level positioning.
  • Existing manager due diligence (e.g. performance) – periodically and in response to market and manager events.
  • Feeding insight (generated from the above) into strategic and dynamic asset allocation forums.
  • Constructing a manager “bench” to build knowledge of other promising strategies and universe mapping to understand broader market dynamics.
  • Where required, running manager searches to find new and/or replacement managers.
  • Presenting to internal and external stakeholders (including our Partner Funds).

About you:

The ideal candidate would hold an Investment Management qualification (such as CFA) and have four to six years relevant experience in manager research and oversight, either in a consulting environment or directly at an asset manager. Candidates will have relevant experience in the due diligence of external manager capabilities, preferably in Equities, Fixed Income, or both. Candidates with more of a multi-asset background are also encouraged to apply.

Candidates are expected to demonstrate a strong interest and understanding of asset classes and economic fundamentals. You will also display an understanding of qualitative and quantitative due diligence techniques.

With high levels of integrity and trustworthiness, you will have excellent relationship management skills and the ability to take the initiative from the get-go. In a fast moving industry, you will have knowledge of how to rapidly assimilate and apply quantities of information.

Knowledge of Bloomberg and other portfolio management tools (such as Python and PowerBI) is desirable, but not a requirement. Candidates are expected to be proficient with Microsoft Office programmes (particularly Excel).

About Us:

Border to Coast Pensions Partnership is a collaboration of 11 Local Government Pension Funds with a total asset value of c.£60 billion (as of the 31st of March 2022). Border to Coast is an FCA regulated investment company created to pool the investments of like-minded Local Government Pension Scheme (LGPS) funds – our ‘Partner Funds’. Established in 2018, we are one of the largest LGPS pools in the UK.

Our purpose is to make a difference for the Local Government Pension Scheme. We seek to do this by providing cost-effective, innovative, and responsible investment opportunities that deliver returns over the long-term. This is on behalf of the more than one million LGPS members, over 2,700 employers, and the millions of taxpayers associated with our Partner Funds.

We welcome applications from people of all backgrounds. We have an open and supportive culture with a commitment to learning and valuing everyone’s skills and contribution.



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