Senior Investment Analyst – Absolute Return Strategies​/Equities

The Texas Permanent School Fund (PSF) is a constitutionally established education endowment with more than 180 years of history supporting Texas public schools. Today, PSF manages more than $60 billion in assets through a diversified, long-term investment strategy designed to generate sustainable returns, preserve the Fund for future generations, and support Texas K–12 education.

Our portfolio spans a broad range of public and private market strategies, including public equities, private and public credit, real estate and real assets, private equity, absolute return strategies, venture capital, and co-investments. Across the portfolio, Texas PSF works with leading investment firms and managers across markets and strategies.

In addition to providing permanent funding for Texas public schools, the Fund also supports the Bond Guarantee Program, helping school and charter districts access lower borrowing costs and directing more resources toward classrooms and students. Our work supports more than 5 million students across 1,000+ school districts statewide. Guided by fiduciary responsibility, integrity, and service to Texans, PSF combines institutional scale with an enduring mission: strengthening public education and investing in Texas’s future.

The Texas Permanent School Fund Corporation is seeking a Senior Investment Analyst to join its Absolute Return Strategies and Public Equities team.

The team manages a portfolio of external investment managers across a range of hedge fund and public equity strategies, including long/short equity, market neutral, relative value, multi-strategy, quantitative, global macro, long only and other differentiated investment approaches.

This is an investment role with significant responsibility for manager research, due diligence, portfolio monitoring and investment analysis. The Senior Analyst will work closely with senior investment professionals and will have meaningful exposure to external investment managers, prospective investments and the broader institutional portfolio.

The successful candidate will combine strong analytical skills with intellectual curiosity, sound investment judgment, excellent communication skills and the ability to develop differentiated perspectives on investment managers and strategies.

• Source and evaluate prospective hedge fund and public equity investment opportunities across a broad range of strategies, sectors, and geographies.
• Conduct comprehensive quantitative and qualitative due diligence on prospective and existing investment managers.
• Analyze investment philosophy, strategy, portfolio construction, risk management, organizational structure, team, incentives, and operational infrastructure of prospective and existing investment managers.
• Evaluate investment performance, including attribution, exposures, factor sensitivities, drawdowns, liquidity, and risk-adjusted returns.
• Conduct market and strategy research to identify emerging opportunities, risks, and areas of potential investment interest.
• Prepare detailed investment research and recommendations for senior investment professionals and the Investment Committee.

• Monitor existing managers and maintain a deep understanding of their portfolios, investment processes, personnel, and business developments.
• Evaluate changes in portfolio positioning, risk, exposures, performance, and investment strategy.
• Assess portfolio-level exposures, diversification, liquidity, beta, factor exposures, and other relevant risk characteristics.
• Participate in manager meetings, investment conferences and other industry events to develop relationships and maintain current market knowledge.