Job Description
The Department
Strategic Advisers, LLC (SAI) is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity’s retail and institutional distribution channels.
For more than 25 years, SAI has specialized in the design, construction and management of asset allocation solutions, as well as the methodologies for many of Fidelity’s investment planning tools, to help investors reach their financial goals.
With over $750 billion in assets under management in a blend of Fidelity and third-party investment vehicles, the SA team of investment professionals constructs and manages asset allocation portfolios for over 3,000,000 customer accounts.
Fundamental Research
SAI’s Fundamental Research team consists of 29 Analysts and Associates organized by asset class teams of US Equity, International Equity, Fixed Income, and Alternatives.
The team actively researches a broad universe of investment strategies including institutional mandates, mutual funds, and ETFs in which we invest on behalf of our clients to achieve their investment objectives.
The Position
This is an investment role focusing on manager research in Liquid Alternative Investments (i.e. Hedge Fund like strategies).
Your responsibilities will include identifying the most compelling Liquid Alternative Investments strategies and influencing the investment decisions for our multi-manager fund-of-funds.
You will lead meetings with external portfolio managers to discuss their investment process and strategy objectives. You will conduct detailed analysis of portfolio managers’ performance, risk and holdings using quantitative analytical tools such as Bloomberg, FactSet, MPI Stylus, Barra, Morningstar, and proprietary risk tools.
In doing so, you will rate strategies and communicate your recommendations to SAI portfolio managers through written reports, group presentations, and 1 : 1 meetings.
In addition to your manager research responsibilities, you will have a voice in the portfolio construction process and in asset class initiatives.
This is not a client facing role.
Qualifications
- 6+ years of investment experience with a track record of impactful investment decisions in Liquid Alternative Investments
- Manager research experience with primary focus on Hedge Funds and Liquid Alts strategies
- Strong quantitative and analytical skills, proficiency in statistics and advanced use of spreadsheets Coding skills a plus;
creative with data sourcing and handling
- Working knowledge of derivatives (options and futures)
- Demonstrated intellectual curiosity, initiative, independent-thinking and problem-solving skills
- Passion for investing and a broad knowledge of capital markets
- Strong communication and presentation skills ability to discuss / debate complex issues in a clear, concise manner
- Collaborative attitude, comfortable giving and receiving feedback
- Willingness and desire to travel to meet with external portfolio managers.
- Advanced degree, CFA or CAIA preferred
Location
Boston, Massachusetts
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