Investment Associate

Investments Westlake Village, California


Description

International hotelier Conrad N. Hilton established the grantmaking foundation that bears his name in 1944 to help people living in poverty and experiencing disadvantage worldwide. Today, the work continues, concentrating on efforts to ensure healthy early childhood development and sustainable livelihoods for youth, support young people transitioning out of foster care, improve access to housing and support services for people experiencing homelessness, identify solutions to safe water access, and lift the work of Catholic sisters. Additionally, following selection by an independent, international jury, the Foundation annually awards the $2.5 million Conrad N. Hilton Humanitarian Prize to an organization doing extraordinary work to reduce human suffering. The Foundation is one of the world’s largest, with $7.5 billion in assets. It has awarded grants to date totaling more than $2 billion, $207 million worldwide in 2020. Please visit www.hiltonfoundation.org for more information.

Job Summary

The Investment Associate will play a critical role in helping the Foundation’s investment team manage the approximately $7.5 billion portfolio, participating in a flat structure and benefiting from mentoring and professional development opportunities.

The Investment Associate role is generalist in nature, emphasizing exposure to world-class asset managers in all asset classes and assessing potential opportunities across the globe. Particular areas of focus for this role will be in screening and evaluating potential new investment opportunities, coordinating and executing internal projects in collaboration with colleagues, and building familiarity and relationships with our current manager roster. As a key member of the investment team, the Investment Associate will also have outward facing roles, including travel, attending external events, conducting due diligence calls, and building a network within the investment community.

Responsibilities

Internal & External Investment Representation:

  • Participate in investment decisions
  • Review materials in advance of manager meetings
  • Participate in manager meetings (both at Foundation and on-site when traveling)
  • Debrief with Investment Team following meetings
  • Actively participate in internal decision-making discussions
  • Represents the Foundation in the investment community
  • Build and maintain a network of allocator and investment professionals
  • Serve as a representative of the Foundation via interactions with the investment community
Monitor Existing Managers:
  • Perform and/or coordinate analysis on existing manager portfolios and performance
  • Read and discuss periodic manager communications
  • Identify trends or changes of note to Investment Team
  • Provide support in coordinating and executing period evaluations of selected existing managers.
New Manager Hire Due Diligence Processes:
  • Assist in new manager hire due diligence processes with the following steps:
    • Selectively screen materials for potential new managers
    • Participate in early screening calls and provide opinions to assist in pipeline decisions
    • Coordinate agendas for follow up meetings/calls and contribute pertinent questions during discussions
    • Provide support for reference calls
    • Contribute to investment recommendation memos
Research and Analytical Projects:
  • Conduct ad hoc research and analytical projects
  • Coordinate and execute asset class research and strategy review in collaboration with members of the investment team
  • Pursue broader market research projects
  • Assist with annual asset allocation exercise as required
Qualifications
  • Bachelor’s degree with excellent academic performance
  • 3-5 years of work experience in investing, finance, and/or related roles
  • Knowledge of endowment and foundation-style investing, as well as a desire to learn and develop insights across the Foundation’s asset classes
  • Keen sense of intellectual curiosity, self-motivation, and collaboration
  • Ability to think critically, with a demonstrable ability to ask pertinent questions and actively contribute to small and large group discussions
  • Excellent oral and written communication and presentation skills
  • Ability to travel domestically and internationally as needed
  • Adherence to a strict code of ethics and conflict of interest policy, including restricting personal investments to index funds and mutual funds
Desired
  • Progress toward professional designations (CFA, CAIA)
  • Interest in philanthropy and the Foundation’s mission and operations

About our Benefits

We value the health and well-being of our employees, some of the benefits we offer include:

  • Comprehensive and generous health and life insurance options
  • Relocation Pay
  • Fitness benefits
  • Paid holidays, time off, and parental leave
  • Flexible work schedules and technology benefits
  • Foundation-funded retirement savings plan
  • Professional learning and development and educational assistance
  • Employee matching gifts to qualified non-profit organizations

The Conrad N. Hilton Foundation is an equal opportunity employer with values grounded in promoting equality and inclusion and embracing diversity. We welcome qualified applicants of all races, colors, gender identities, sexual orientations, economic classes, ages, religions, national origins, and ability/disability statuses. Veterans and individuals with lived expertise are encouraged to apply. We respect and seek to empower every member of our Foundation community. We support and celebrate our collective array of cultures, backgrounds, perspectives, skills and experiences; fully realizing that such diversity is what makes our organization flourish and better enables us to fulfill our mission in the world.