Managing Director Public Markets

University of Richmond

3d•$102,000 - $500,000

About The Position

Spider Management Company, a wholly owned affiliate of the University of Richmond, is the University’s investment office and serves a select group of other endowments and foundations through an outsourced chief investment officer model. Spider Management has approximately $6.8 billion in assets under management and invests across public equity, hedge funds, absolute return, venture capital, private equity, and real assets. The Director, Investments will be an integral member of the investment team, focusing on evaluating opportunities across public equity, absolute return strategies, and fixed income. The role participates in the full investment process, from initial screening and due diligence through approval, post-investment monitoring, and reporting. It also contributes to overall portfolio management through manager research, portfolio and performance analysis, and manager meetings. The position works closely with investment colleagues, Operations, and Investor Relations, and engages with external stakeholders, including investment committees of the University of Richmond and Spider’s nonprofit clients.

Requirements

At least 8–12 years of investment experience, including some experience at an endowment, foundation, OCIO firm, family office, fund of funds, or similar organization allocating capital to external investment managers.
Demonstrated knowledge of financial theory and portfolio analytics.
Experience investing in public markets through external managers.
Deep understanding of equities, credit, and fixed income securities.
Sound understanding of a wide variety of financial instruments.
Strong quantitative, analytical, and problem-solving skills.
Strong command of Bloomberg and Microsoft Office products, including Excel, Word, and PowerPoint.
Ability to work independently with minimal direction and collaboratively as part of a team.
Ability to manage concurrent projects and prioritize accordingly.
Initiative.
Strong written and verbal communication skills.
Strong organizational skills and attention to detail.
Ability to meet challenging deadlines while maintaining quality and accuracy.
Project management skills.
Experience with AI-powered productivity tools, including large language models, or willingness to learn and use them effectively.
Unquestioned integrity and the highest ethical standards.
Imagination and creativity.
Team orientation and a collegial style.
Foresight and pragmatism.
Commitment to excellence and client service.
Outstanding communication skills, a diplomatic interpersonal manner, a confident personal style, and humility.

Nice To Haves

Interest and commitment to nonprofit investment management.
Experience training and mentoring more junior professionals.
Strong communication skills to represent Spider to internal and external stakeholders and investment managers.
MBA and/or CFA.
Master’s degree with a concentration in Finance, Business Administration, or a quantitative discipline.
10–15 years of relevant work experience in the investment industry.

Responsibilities

Identify and evaluate new investment opportunities through due diligence meetings, quantitative analysis, reference calls, and written investment memoranda.
Cultivate relationships with prospective managers through networking, reference calls, and industry landscaping.
Monitor the global economic and market environment and research long-term thematic investment opportunities across asset classes to inform portfolio management decisions.
Lead and contribute to investments across public equity, absolute return, and fixed income.
Conduct quantitative and qualitative analyses of the public portfolio, public sub-asset classes, and current and prospective managers.
Perform industry research and analysis to inform portfolio allocation and manager selection.
Participate in discussions and investment decisions across the entire portfolio, including private asset investments.
Review and analyze current managers on an ongoing basis, monthly or quarterly.
Lead external manager relationships and communications, including annual meetings, due diligence meetings, and conference calls, in partnership with the public-focused team.
Collaborate with Investor Relations, Operations, and Investment teams on quarterly reports, investment committee materials, client presentations, and special projects.
Work with Operations to develop and maintain reports monitoring the public portfolio and current and prospective managers.
Train and mentor junior professionals.
Represent Spider to investment managers, the University of Richmond, and external clients.
Maintain a strong network in the GP and LP investment community to contribute to portfolio management and Spider’s brand.
Contribute to the team’s culture, effectiveness, and reputation for professional excellence.
Complete other projects as requested.