Director - Manager Research, Investment Subadvisory / Multi-Manager

Ameriprise Financial, Inc.
Boston, MA, USA
28 Nov 2018
30 Nov 2018
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Columbia Threadneedle Investments is a leading global asset management group that provides a broad range of actively managed investment strategies and solutions for individual, institutional and corporate clients around the world. With more than 2000 people including over 450 investment professionals based in North America, Europe and Asia, we manage over $400 billion of assets (as of May 2018) across developed and emerging market equities, fixed income, asset allocation solutions and alternatives. Our priority is the investment success of our clients. We know investors want strong and repeatable risk-adjusted returns and we aim to deliver this through an active and consistent investment approach that is team-based, risk-aware and performance-driven.

Responsible for leading research, analysis and selection/oversight of investment managers and providing recommendations on investment managers to build-out or enhance Columbia Threadneedle Investments' sub-advisory/multi-manager platform. Leads the investment manager selection and due diligence process and completes thorough analysis for all investment managers in assigned asset class. Target candidate will have strong alternative investments background, ideally with direct investment management experience. Recommends strategies for placement and removal as necessary. Recommend and implement enhancements to manager screening, research and analytical processes with the goal of continuous improvement.

* Serve as lead analyst representing Columbia in due diligence discussions with current and prospective investment management firms in alternative asset classes, with a focus on daily-liquid strategies (e.g., long/short equity, market neutral, managed futures, global macro, etc.). A secondary focus would be on traditional fixed income managers/strategies.
* Lead the subadvisor/multi-manager selection and due diligence process, including collaboration with cross-organizational groups tasked with decision making. Engage all stakeholders in the process while leading toward a consensus-based decision.
* Deep understanding of and experience with alternative strategies within '40 Act funds, including complex derivatives and trading agreements
* Lead the investment component of initial and ongoing due diligence with investment team at current and prospective investment managers. Structure interviews with investment staff including CIO, PM, Analysts, and Traders; doing so in a balanced fashion that obtains valuable insight quickly while maintaining a positive tone in light of challenging and difficult questions.
* Develop quantitative and reporting tools to objectively evaluate sub-advisory/multi-manager platform and screening processes with goal of finding areas for improvement.
* Work with portfolio management teams to support portfolio construction process, including optimal manager weightings, identifying manager factor exposures, attribution analysis, etc.
* Lead internal quarterly investment due diligence process for strategies serving as lead analyst. This includes manager recommendations (terminate or continue), and develop analysis to support the recommendation. Identify key facts and insights, sorting through significant information to do so.
* Lead development of materials for the fund boards' investment review committees, responsible for the accuracy for all content of internally-prepared materials and investment manager-prepared materials.
* Monitor trends in the capital markets, competitors, changes in people and ownership.
* Support Columbia's other Investment Solutions businesses, including multi-manager, 529, etc. by performing due diligence and developing recommendations on nonproprietary funds for the program.
* Work with clients and consultants to develop investment guidelines and parameters to inform research and search efforts.
* Perform ad-hoc and ongoing surveillance of multi-managed funds' performance, people, process, and culture.

* Bachelor's degree.
* 5 to 7+ years investment management experience.
* Deep understanding of various investment processes and organizational models employed throughout the asset management industry, and ability to compare current candidates with best in class firms.
* Ability to communicate complex and abstract concepts clearly and concisely, both written and verbally.
* Ability to interact with personnel at all levels of asset management and consultant firms and represent Columbia Management in a highly professional manner.
* Thorough familiarity with major analytical tools employed by analysts (FactSet, Aladdin, eVestment, Bloomberg, Morningstar, Advent Tamale, etc.).

* 3-5+ years multi-manager research/selection experience.
* Master's degree and/or Chartered Financial Analyst (CFA) Designation.