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Portfolio Manager, Healthcare Sector Hedge Fund

Employer
Wellington Management Company, LLP
Location
Boston, USA
Salary
Competitive
Closing date
Sep 23, 2023

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Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.

About the Role

WELLINGTON ALTERNATIVE INVESTMENTS

Wellington is one of the largest and most experienced alternative managers in the world, ranking 18th in hedge fund assets under management. Wellington currently manages approximately $30 billion in alternative assets worldwide as of 30 September 2022, on behalf of more than 995 clients globally. Our investment ecosystem and scale allow investors to partner with world class investment research experts across fundamental equity, credit, fiscal/monetary economics, derivatives, rates, risk, data science, climate, sustainability, and many others. Our investment dialogue promotes collaborative discussions on securities across a range of diverse perspectives; the freedom to disagree and to make independent decisions on behalf of our clients is paramount to our culture.

Our 37 alternative investment strategies are powered by the innovative spirit of a hedge fund boutique and the resources and stability of a global asset manager, enabling the ability to attract the finest alternatives investment talent.

THE POSITION

Wellington's healthcare team manages more than $60 billion in dedicated long-only and long/short healthcare assets. We are seeking an experienced Portfolio Manager to build and lead a healthcare long/short equity hedge fund. He/she should bring a proven track record managing healthcare equities with a low net/market neutral process. The strategy will be part of Wellington's multi-sector equity hedge fund and have the ability to be a stand-alone product. This is a perfect opportunity for an investor looking to grow and lead an independent business with the stability, resources and institutional support of our platform.

Additional skills and characteristics required for the role include:
  • Entrepreneurial mindset with a desire to build a franchise within a highly integrated, collaborative team of healthcare sector experts.
  • Expertise in portfolio construction/risk management/shorting skillset, which is the emphasis over scientific depth (with multiple PhDs within existing team).
  • Investment leadership and desire to serve in a mentor role to help develop long/short skillset of other team members.
  • Strong personal presence, client-facing skills, and willingness to market.
  • Strong healthcare sector knowledge with Medtech/services expertise preferred.
QUALIFICATIONS
  • A minimum of five years of healthcare equity portfolio management experience with an attributable hedge fund or long/short track record on a material capital base.
  • Strong, well-articulated investment philosophy and process supported by rigorous analysis.
  • A track record as a risk taker that demonstrates clear investment skill.
  • Ability to effectively communicate complex investment ideas and strategies to internal peers and external clients.
  • Excellent academic credentials, MBA/CFA/CAIA or advanced degree are additive though not required.
LOCATION

The Portfolio Manager will be based in Wellington's Global Headquarters in Boston, MA or the New York office, which will have a grand opening in April 2023.

Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 100,000 - 225,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington's total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

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