Principal, Investments- Endowments & Foundations

Glenmede•Philadelphia, PA

1d•Hybrid

About The Position

The Principal, Investments role is part of Glenmede’s Endowment and Foundation (E&F) investment team, which is responsible for more than $12 billion in assets, including approximately $7 billion for the Pew Charitable Trusts and $5 billion in E&F OCIO portfolios. The team invests with fund managers across public equities, fixed income, hedge funds, buyouts, venture capital, real estate, and natural resources, and also makes direct co-investments and secondary-market purchases. The position offers the opportunity to invest across asset classes and work with Investment Directors on market research and manager due diligence. The role initially focuses on long-only public equities, with the opportunity to become a generalist over time. At the Investment Director level, the employee will develop specializations based on their interests and skills. The position also involves building long-term relationships with fund managers, peer investors, and other market participants. The position operates in a hybrid work environment, with four days per week in the Philadelphia, Pennsylvania office. Travel of up to 50% may be required, as needed.

Requirements

Bachelor’s degree required.
5–7 years of relevant experience in an endowment, foundation or pension, asset management firm, investment company, bank, or equivalent.

Nice To Haves

MBA, CFA, or equivalent work experience.
Strong quantitative and qualitative problem-solving and research abilities.
Strong verbal and written communication skills, including comfort with public speaking.
Ability to work independently and collaboratively within a team and across the organization.
Ability to network externally.
Proficiency in Excel and ability to learn new technology quickly.

Responsibilities

Source and maintain a robust, creative pipeline of investment opportunities for potential inclusion in portfolios.
Conduct due diligence on prospective opportunities, including analysis of investment strategy, process, organization, portfolio positions, and performance.
Monitor and evaluate current portfolio positions, focusing on organizational changes, performance, and risks of invested fund managers.
Complete analytical reviews of investment strategies and asset classes.
Stay abreast of market conditions and developments that may affect investment holdings and strategies.
Contribute to Glenmede’s thought leadership through published research.
Help build the team’s reputation for professional excellence and credibility throughout the investment management community.
Build a strong relationship network among investment funds and peers in a subset of investment verticals.
Portray Glenmede and its clients as a desired investor to top-tier investment managers.
Demonstrate high levels of ethics, professionalism, and teamwork by example.