Portfolio Manager Funds of Funds; m​/w​/d

Portfolio Manager Funds of Funds (m/w/d)

Generali Investments is one of the leading European providers in asset management. With over 1,200 specialists in numerous countries managing more than 670 billion euros in assets, we develop solutions that meet our clients' needs through dedicated professionals, specific expertise, and advanced technologies.

To strengthen our Funds of Funds team in Cologne, we are looking for you starting in October 2026.

Fonds analysis and manager research

• Conducting quantitative and qualitative analyses of investment funds across various liquid asset classes
• Preparing, conducting, and documenting due diligence discussions with portfolio managers and asset managers
• Creating and updating investment and due diligence reports for internal and external stakeholders
• Identifying and evaluating new investment ideas and deriving action recommendations for portfolio construction
• Ongoing monitoring of target funds in terms of performance, risk metrics, investment process, and team stability
• Regular exchange with fund providers and asset managers on market and strategy developments
• Creating and presenting fund analyses as part of internal fund selection committees and investment committees
• Maintaining and developing the investable fund list (Buy List / Investible Funds List)

Dachfonds-portfolio management (fund of funds)

• Participating in the management and development of fund-of-funds portfolios, taking into account legal requirements as well as internal and external investment guidelines
• Preparing for and actively participating in investment and investment committees
• Developing, analyzing, and presenting investment proposals and their implementation
• Ongoing monitoring of portfolios and the target funds contained therein
• Implementing strategic and tactical asset allocation decisions
• Identifying optimization potentials in terms of risk/return profile, diversification, and cost structure

Sales and customer support

• Creating fund- and market-specific reports, presentations, and customer documents
• Preparing complex investment topics for sales partners and customers
• Presenting investment topics and capital market assessments to internal and external stakeholders
• Supporting sales in customer events, roadshows, and specialist lectures
• Answering investment-related customer inquiries

Product development and interface management

• Developing new investment and product ideas together with sales, product management, and other departments
• Contributing to the further development of existing investment processes and risk management approaches
• Close cooperation with risk management, compliance, pension schemes, asset managers, and other internal and external service providers
• Coordinating and synchronizing operational issues related to target fund investments and umbrella fund structures
• Contributing to the introduction and implementation of regulatory requirements, particularly in the area of sustainability and investment fund regulation (e.g., SFDR)

Professional qualifications

• Successfully completed degree in economics, finance, or a comparable field
• Several years of professional experience in fund analysis and manager research as well as initial experience in portfolio management, fund selection, or the fund-of-funds environment
• Good knowledge of the regulatory environment of investment funds
• CFA-, CAIA-, CESGA-, or comparable capital market-oriented additional qualifications are an advantage

Professional competencies

• Secure handling of Microsoft Office, especially Excel
• Very good analytical and conceptual thinking
• Experience with data and research platforms (e.g., Morningstar Direct, Bloomberg)
• Good knowledge of the European fund landscape and various asset classes (e.g., mixed funds, global equity or bond funds)
• Understanding of fund selection, due diligence processes, and portfolio construction
• Interest in sustainable investment strategies and ESG-related regulatory requirements
• Very good German and English skills in writing and speaking

Personal strengths

• High initiative and a strong sense of responsibility
• Structured and independent working style
• Excellent communication and presentation skills
• Team capability and enjoyment of working in an international environment
• High customer and service orientation

Market and customer experience

• Interest in exchanging with asset managers and fund providers as well as in current capital market topics
• Ability to prepare complex investment topics in a comprehensible and target-oriented manner
• Enjoyment of presentations and collaboration with internal and external stakeholders
• Willingness to travel nationally and internationally

The working world is becoming increasingly complex, and the demands on our colleagues are rising. Therefore, work-life management is becoming increasingly important. We support our colleagues in combining professional and private life with modern working models.

With a variety of offers, we support the training and further…