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Manager, Alternative Investments
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À PROPOS DE NOUS
Nous sommes l’un des plus importants investisseurs pour des régimes de pensions au Canada, avec un actif net sous gestion de 299,7 milliards de dollars au 31 mars 2025.
Nous investissons des fonds pour les régimes de pensions de la fonction publique, des Forces canadiennes, de la Gendarmerie royale du Canada et de la Force de réserve. Le siège social d’Investissements PSP est situé à Ottawa et son bureau principal d’affaires est situé à Montréal. Elle compte également des bureaux à New York, à Londres et à Hong Kong.
La réalisation et la gestion de placements complexes de portée mondiale exigent que nous travaillions dans l’esprit d’« Un seul PSP » afin de pouvoir saisir de précieuses occasions, en étroite collaboration avec certaines des plus grandes entreprises à l’échelle mondiale. Chez Investissements PSP, vous vous joindrez à une équipe motivée et à des professionnels engagés, qui s’efforcent de faire croître notre organisation comme jamais auparavant.
ABOUT THE TEAM
Global Alpha - Alpha Alternatives is a US$14B AUM business with a mandate to deliver uncorrelated returns to the Total Fund, play a completion role within PSP and be the spearhead of innovative investment strategies. Alpha Alternatives is composed roughly 50|50 of the “All-Weather Portfolio”, a portfolio of relative value fund investments; and Integrated Strategies (IS), which has three core strategies: Capital Events, Risk Transfers and Royalties & Rights. Across the three core strategies, the IS team partners with top-tier hedge funds as a fund investor and co-investment partner, as well as managing a book of direct investments.
The IS team is made-up 8-10 investment professionals with experience across a breadth of alternative equity and credit strategies, in both public and private markets. Directors lead each of the three strategies and team members work across all of IS, based on the overall opportunity set, resource allocation needs and personal development goals.
ABOUT YOUR ROLE
The Manager, Alternative Investments is a member of the IS team, reporting to the Managing Director Alpha Alternatives. The roles of the Manager are the following:
- Supporting directors in articulating investment strategy by sub-strategy (e.g. in Royalties and Rights: Entertainment IP) through understanding sector dynamics, sizing opportunities, determining risk/return profiles and relative attractiveness, defining where we play and how we play, and executing on the strategy through select partner fund investments and individual deals
- Developing IS view on sector through close market observation, on-going discussions with sector players and experts, and active participation in sector conferences and events
- Collaborating with IS partners to determine new/growing sub-strategies or those going through dislocation. Designing entry strategies
- Maintaining framework of risk/return across sub-strategies for optimal capital allocation and proactive capital recycling
- Working closely with partners to monitor fund investments as well as screening and executing on select co-investments
- Leading due diligence efforts on deals, transaction structuring, negotiation of terms, driving internal investment approval processes and actively monitoring investments in the portfolio
- Interacting with other internal teams as it relates to risk, legal, audit (internal, external), valuations, ESG and external legal counsel
- Actively contributing across Alpha Alternatives to investment strategy, portfolio and performance review and process/tool improvement Sourcing
- Liaising with IS partners in generating and maintaining an active pipeline of new investment opportunities
- Triaging and prioritizing opportunities for rapid assessment, go/no go decisions and partner response
- Pro-actively developing a professional network of relationships through reach-out to best practice firms and active conference attendance Investment execution
- Driving investment thesis preparation and communication. Demonstrating thorough, fact-based analysis and rational for base case attractive risk-adjusted returns. Detailing of business scenarios that could drive investment performance and why downside scenario risk is acceptable or how it is mitigated
- Leading the negotiation of term sheets, commitment letters and agreements. Ensuring key economic/governance terms are aligned with PSP interests and investment thesis
- Supervising broader PSP team in due diligence and reporting critical information and developments
- Actively participating in the internal investment review processes and presenting to secure approval from relevant investment committees and ensuring the successful closing of transactions Active monitoring
- Active dialogue with partners to assess fund portfolio exposure and performance as well as co-investments
- Coordinating preparation of periodic reports and undertaking various analyses on fund investments, as well as co-investments and direct positions to assess exposure and performance
- Attending broader PSP meetings as applicable and reporting back to team on topics discussed and key developments
WHAT YOU’LL NEED
- Bachelor of Accounting or Finance or professional designation in accounting/Finance (CA), MBA or CFA
- A minimum of five (5) years of experience in principal investing and/or investment research
- Track record of deal completion and/or project completion
- Intellectually curious and eager to learn, challenge oneself
- Mature, driven and motivated to work in a team investment environment
- Enthusiastic and able to work under pressure
- Proactive and forward thinking, adaptive and flexible
- Strong work ethic and professional integrity
- Aspiring to be best-in-class in field
- Excellent financial, quantitative and analytical skills
- Project management skills – managing projects with tight deadlines and managing multiple projects at same time
- Strong communication and presentation skills – preparing robust investment recommendations, clear presentations, adapting oral communication to audience and time limits
- Ability to build solid working relationships both internally and externally
- English and French (frequent interactions in English with PSP employees based in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)
Pay range for this role: USD $185,000 - 225,000
Nous offrons une expérience sur mesure à nos employés et un ensemble* de rémunération globale et d’avantages sociaux concurrentiel, conçus pour attirer et retenir des talents diversifiés dans le monde entier, récompenser le rendement et renforcer les stratégies et les priorités de l’entreprise. Au-delà du salaire et de l’admissibilité à la rémunération incitative, vous avez accès à :
- Un investissement dans le développement de carrière
- Des régimes d'assurance collective complets
- Des régimes de pension compétitifs
- Un accès illimité aux services de soins de santé virtuels et programmes de mieux-être
- Politique de congé parental rémunéré inclusive pour tous les genres : jusqu’à 26 semaines pour les principaux donneurs de soins, 5 semaines pour les partenaires
- Un soutien personnalisé pour la construction de la famille, de la pré-grossesse à la ménopause, avec une assistance financière disponible
- Des jours de vacances disponibles dès le premier jour, avec des jours de supplémentaires pour les anniversaires de service importants, et les vendredis après-midi de congé pendant l’été
- Un modèle de travail hybride flexible avec un mélange de jours au bureau et à distance
- L’ensemble des avantages sociaux peut varier en fonction du type d'employé.
Chez Investissements PSP, nous visons à offrir un lieu de travail où chacun·e se sent apprécié·e, en sécurité, respecté·e et capable de se développer. Dans le cadre de cet engagement de la part du leadership, nous encourageons vivement les candidatures de tous·tes les candidat·e·s qualifié·e·s et nous nous efforçons d'offrir une expérience de candidature inclusive et accessible. Si vous avez besoin d'un accommodement pour une partie quelconque du processus de recrutement, veuillez-nous le faire savoir.
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