Department: HQ – Headquarters
Location: Washington, DC
Job Title: Investment Director
Reports to: Chief Investment Officer
Location: Washington, DC
Formerly known as the Carnegie Institution of Washington, the Carnegie Institution for Science is a U.S.-based non‐profit, private endowment headquartered in Washington, DC. Andrew Carnegie founded the Carnegie Institution of Washington in 1902 as an organization for scientific discovery to serve as a home to exceptional individuals—men and women—with imagination and extraordinary dedication capable of working at the cutting edge of their fields. Today, Carnegie scientists work in six scientific departments on the West and East Coasts. Carnegie investigators are leaders in the fields of plant biology, developmental biology, Earth and planetary sciences, astronomy, and global ecology.
The Investment Director role will be structured as a generalist position that will seek out, research, and underwrite investment opportunities across a broad range of asset classes e.g., hedge funds, private equity and public/private credit investments. This role will be an integral part of the Institution’s investment group, which has responsibility for implementing the investment policy established by the Investment Committee of the Board of Trustees.
The Investment Director performs a range of related duties as necessary to support the overall activities of the investment group in collaboration with the Chief Investment Officer including but not limited to fund manager sourcing across asset classes, front office due diligence, operational due diligence and ongoing monitoring of existing relationships. They are also responsible for staying abreast of market conditions and developments that may affect the Institution’s investment holdings.
- Conceptualizes, executes, and evaluates investment strategies across hedge fund, long-only, fixed income, private equity, public/private credit and public market investments. Continually explore, identify, evaluate, and recommend new investment opportunities and managers. Develop investment recommendation memos for review and refinement by the Chief Investment Officer and presentation to the Investment Committee of the Board of Trustees.
- Monitor and evaluate the performance of existing investments and investment managers through continuous review of portfolio analytics, manager meetings, and manager communications.
- Participate in the institutional investment community, representing the Endowment, maintaining relationships, sharing information, and assessing trends.
- Support the Chief Investment Officer in all aspects of Investment Committee relations, asset allocation, and liquidity management.
- Execute due diligence reviews on prospective investment managers, evaluate operational support structure, internal controls, and conduct operational due diligence.
- Adhere to and ensure compliance with the Endowment’s investment policy, the investment group’s policies and procedures, and all relevant legal, regulatory, and ethical standards.
- Assist in endowment operations as needed.
Education and Experience:
- The Investment Director position requires a bachelor’s degree or equivalent and five to ten years of substantive investment experience. Desirable experience includes the evaluation, monitoring, and selection of private equity, credit, real estate, and alternative strategies. An MBA or CFA is preferred.
Knowledge and Skill Requirements:
- The Investment Director position requires a high level of intellectual, analytic, and problem-solving ability, as well as broad knowledge of and passion for investment markets, instruments, and practices.
- The candidate must demonstrate strong, critical intelligence and a high level of attention to detail. With these attributes, the Investment Director will possess the ability to conduct and interpret in-depth analyses without losing sight of the larger picture.
- The position requires an individual who is self-motivated and proactive, with the confidence, courage, and intelligence to develop and promote non-consensus investment recommendations. The director must have a strong team orientation and exceptional communication skills in order to convey ideas and results to colleagues formally and informally (in writing and verbally), in a logical, concise, and coherent manner, and to be highly effective in external interactions. The position requires superior organizational and quantitative skills as well as strong oral, written, and interpersonal communication skills.
- Computer skills include a solid command of information management applications including Excel and PowerPoint and a familiarity with eVestments is an advantage. Travel (domestic and international) is required.
*Compensation is competitive and will be commensurate with work experience and skills.
To apply for this position please submit a cover letter and resume. Only applications with both cover letters and resumes will be considered. No phone or email inquiries please.
Please apply by clicking on the below link:
All applicants will receive consideration of employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, veteran status or any other characteristic protected by law.