Portfolio Manager, Public Equity Team
5 months ago
Why you’ll love working here:
- high-performance, people-focused culture- our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves- learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth- membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security- competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, and newly extended maternity/parental leave top of 26 weeks)- optional post-retirement health and dental benefits subsidized at 50%- yoga classes, meditation workshops, nutritional consultations, and wellness seminars- access to an annual wellness reimbursement program for health and wellness-related expenses for permanent and temporary employees- the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers
Team
The Public Equity team consists of 11 full-time staff. The team has two strategic objectives. Our research objective includes building fair-valuation models on about 200 Canadian and U.S. public companies, based on understanding value creation in the relevant industries. Our portfolio objective covers delivering alpha from carefully constructed portfolios. Because our portfolio mandate is an alpha mandate, we are typically focused on relative performance.
What You Will Do
Each member of the team has roles related to three activities: fundamental industry and company research, portfolio management, and project management and other tasks related to running the business of the team. The team’s portfolio mandate is an alpha or value-add mandate. Consequently, all our portfolios are focused on relative return. For this role, the incumbent should expect to spend time on research, portfolio management and on project management and operational tasks.- Research: research industry dynamics as context for the on-going fair-value analysis of 20 mid & large cap Canadian and U.S. stocks. Coverage to focus on companies with strong long-term value creation potential. Research includes:
- Industry analysis, including a thesis as to how long-term value is created in each industry.-
- Assessment of individual companies against the industry context-
- Building individual company valuation models, including consideration and quantification of ESG factors-
- Portfolio management: Develop a business case for a concentrated high conviction portfolio along with a reasonable benchmark or short portfolio. Lead, with a Managing Director, the approval process for the portfolio. Launch and run the portfolio.- Support, project management and operational tasks: Includes monthly and quarterly reporting, report writing, help with presentations, risk analysis, management of external service providers, supporting the Senior Managing Director and the Managing Directors with business strategy and other tasks that help facilitate the team’s primary research and portfolio objectives. Specific task assignments to vary with the incumbent’s experience and skills as well as those of the rest of the team.
In order to perform these functions effectively, the new team member will need to build effective internal and external relationships.
**Qualifications**:
- University education in Business, Finance, Mathematics or another related field. Master’s degree or a CFA designation is an asset.- 8-15 years of fundamental equity analysis, including analysis of industry attractiveness, and single stock valuation- Experience with analysis of ESG factors, experience reviewing compensation discussion & analysis disclosure- Experience engaging with senior management and boards of public companies on issues of business strategy & results, compensation, and governance- 5+ years leading or co-leading a Canadian or North American equity portfolio with a performance track record. If experience is co-leading, must be able to demonstrate that they are ready to solo lead such a portfolio. Track record should demonstrate the ability to add value in different market conditions. Should be able to explain how this portfolio relates to their investment philosophy and theory of alpha generation.- Must have a philosophy and approach to equity portfolio risk management.- Must have experience working with a team.
Values, Competencies and Characteristics
HOOPP is a mission driven organization. HOOPP’s core values are: professional, compassionate, accountable, trustworthy, collaborative. HOOPP’s investment team has a strong sense of our fiduciary resp
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