Senior Associate, Hedge Fund Manager Research

Company Description

Make an impact at a global and dynamic investment organization

When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians. CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6 trillion in assets by 2050.

The organization has offices in Toronto, Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo, and Sydney. CPP Investments attracts, selects, and retains talented individuals from top‑tier institutions worldwide, offering a hybrid‑flexible work environment, global career development, and a culture rooted in integrity, partnership, and high performance.

The Capital Markets and Factor Investing Department (“CMF”) invests assets globally in public equities, fixed income securities, currencies, commodities, and derivatives, and manages the engagement of investment managers and co‑investments in public market securities. We are currently recruiting for a Senior Associate within the External Portfolio Management (“EPM”) team. The role is based in Toronto and supports EPM’s Hedge Fund Partnerships and co‑investment activities within Fundamental Strategies (Equities and Credit).

Reporting to the Managing Director, the Senior Associate will research, monitor, and manage hedge‑fund partnerships, lead due diligence on new opportunities, prepare investment recommendation materials, and proactively track portfolio developments.

• Lead monitoring and management of the existing hedge fund and co‑investment portfolio within Fundamental Strategies.
• Partner with Portfolio Managers and Managing Directors to support day‑to‑day monitoring of existing investments, including regular update calls, portfolio review materials, and tracking market developments.
• Maintain and enhance tracking tools and processes to ensure robust, efficient, and accurate portfolio monitoring, safeguarding data integrity.
• Collaborate with Portfolio Managers and EPM’s Portfolio Construction & Risk colleagues to communicate real‑time updates on performance, exposures, and risk metrics to stakeholders.
• Analyse new investment opportunities and support the preparation of investment recommendations.
• Maintain a structured peer group monitoring process to understand the Equity and Credit hedge fund universe, identifying high‑quality managers and opportunities.
• Analyse hedge fund and co‑investment opportunities with Portfolio Managers; develop independent views and lead due diligence on prospective investments.
• Draft clear, well‑structured investment recommendation materials with input from Portfolio Managers.
• Work with Portfolio Construction & Risk colleagues to share all relevant information on potential investments.
• Support execution of the investment approval and implementation process, liaising with internal stakeholders (e.g., Legal, Tax, Operations).
• Proactively research global equity and credit market themes; contribute to idea generation and formulate independent investment views.
• Build and manage relationships with leading external fund managers; participate in meetings and calls with current and prospective partners, preparing agendas and meeting notes.
• Liaise with external managers to gather information required for assessing new opportunities and monitoring existing investments.
• Effectively distill and communicate key insights to Portfolio Managers and the broader EPM team.
• Actively contribute to EPM investment and portfolio discussions.
• Engage in Investment Committee discussions on funds, co‑investments, and emerging managers across strategies and the broader hedge‑fund portfolio.
• Contribute to quarterly portfolio review processes for the EPM portfolio.
• Participate in broader EPM initiatives, training programs, and cross‑team…