Associate Portfolio Manager (Quant)

MIO Partners•New York, NY

7h•Onsite

About The Position

MIO Partners Inc. (MIO) is a global investment and advisory institution managing over $20 billion in assets. The firm provides asset management and advisory services to current and former McKinsey employees. MIO operates two core businesses: an advisory team offering wealth planning and retirement services to individual clients, and an investments business focused on alpha-seeking alternative investment strategies across public and private markets. MIO emphasizes intellectual curiosity, a growth mindset, high ethical standards, investor-focused values, diversity, inclusivity, and a collaborative work environment. The firm is an independent, indirect, and wholly owned subsidiary of McKinsey & Company.

Requirements

5-8 years of experience in quantitative / systematic investment management, ideally in the equity space.
Desire to work in a values-oriented environment focused on maximizing returns for our investors.
A record of outstanding academic achievement and evidence of broad intellectual interests.
Distinctive problem-solving and analytical skills; Mastery of the quant toolkit (statistical modeling, derivatives pricing. risk modeling, numerical methods).
Proficiency with AI tools, including Cursor, ChatGPT, Claude, and agentic workflows; proficiency in Excel and PowerPoint also required.
Superior written and verbal communication skills; able to interact on an equal footing with some of the world’s top hedge fund managers.
Willingness to become a specialist focused on mastering the nuances of a single investment strategy and interest in owning responsibility for investment decisions.
Decisiveness based on thorough research and the ability to speak with conviction about an investment (or divestment) idea.
Strong work ethic and drive necessary to out-think the competition.

Responsibilities

Support the CIO and PMs in managing a book of external hedge fund investments, adding alpha to MIO’s portfolios net of all assessed risks and capital charges.
Performing in-depth research to source new manager opportunities.
Preparing analyses and shortlists of potential managers and providing evidence-based hiring (or firing) recommendations.
Active, comprehensive monitoring of managers, including regular discussions to understand their market insights, alignment with investors, and business objectives.
Keeping a detailed record of corresponding documentation for existing and prospective managers.
Help manage the relationship with new and existing managers and negotiating fund investment terms.
Operating within MIO’s proprietary investment frameworks and processes.
Learning these frameworks will be an important early element of success in the role.
Further building out MIO’s manager assessment frameworks, improving the team’s forecasts of each manager’s alpha generation potential, grounding those forecasts in concrete evaluations of each manager’s investment capabilities.
Support the CIO and PMs with special projects, including developing and enhancing MIO’s frameworks for assessing external managers, synthesizing learnings from ongoing dialog with external hedge funds and MIO’s in-house research, and developing frameworks for forecasting long and short term expected returns for various hedge fund strategies.
Own selected elements of MIO’s internal macro trading research.
Collaborate with PMs and Investment Associates to analyze, refine, and optimize existing or new quantitative investment strategies.
Manage a range of internal (automated) research chartpacks & analytics.
Support the CIO and PMs with special projects, including developing and enhancing MIO’s frameworks for assessing external managers, synthesizing learnings from ongoing dialog with external hedge funds and MIO’s in-house research, and developing frameworks for forecasting long and short term expected returns for various hedge fund strategies.
Support the broader team by leading selected initiatives outside of their designated strategy areas.