Head of Alternatives and Hedging Solutions

Overview

Join LGPS Central as we build our new Alternatives and Hedging capability.

We are recruiting a Head of Alternatives and Hedging Solutions to lead the development and delivery of our strategies in this area and to shape how we support Partner Funds through diversifying assets and robust risk-management solutions.

This senior role will take ownership of our alternatives fund strategy and our hedging services. You will guide the design and oversight of portfolios across hedge funds, diversified growth, absolute return bonds, insurance-linked securities, gold and other strategies as they evolve. You will also lead on designing and overseeing equity protection, LDI and currency hedging programmes delivered for Partner Funds.

You will work closely with the CIO and senior leaders to build a high performing team, strengthen our investment processes and ensure our solutions reflect regulatory requirements, government expectations and Partner Fund needs. The role has a strong leadership, relationship management and stakeholder engagement focus, alongside deep technical responsibility.

We are looking for an experienced investment leader with strong alternatives and hedging knowledge, clear portfolio construction skills and a track record of managing and developing high performing teams. If you want to shape a new capability and support the next stage of our growth, we would like to hear from you.

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As the Head of Alternatives and Hedging Solutions, here s a flavour of what you’ll get involved in:

• Leading the development and delivery of LGPS Central’s alternatives fund strategy and hedging solutions, ensuring they meet Partner Fund requirements and government expectations.
• Designing and implementing investment solutions across hedge funds, diversified growth, absolute return bonds, insurance linked securities, gold and other diversifying strategies.
• Overseeing the design and oversight of equity protection, liability driven investment and currency hedging programmes delivered for Partner Funds.
• Managing the full lifecycle of alternatives and hedging mandates including sourcing, analysis, due diligence, legal review with internal and external counsel, negotiation, approval and ongoing monitoring.
• Building and maintaining strong relationships with global fund managers, external advisors and other market participants.
• Establishing a robust decision making and portfolio monitoring framework and keeping this under review in line with market and regulatory developments.
• Providing assurance that all strategies and portfolios operate within agreed parameters and comply with internal risk, compliance and responsible investment frameworks.
• Leading and developing a high performing Alternatives and Hedging Solutions team and supporting collaborative decision making across the investment function.
• Acting as a key representative for LGPS Central within the investment community, Partner Funds, regulators and broader stakeholders.
• Championing responsible investment and ensuring ESG and RI considerations are fully integrated across alternatives and hedging activities.
• Supporting the CIO with financial, performance and strategic oversight of relevant portfolios and contributing to the wider leadership of the investment directorate.

LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Fund, and it is responsible for managing £45bn+ of their assets. It is one of eight Local Government Pension Scheme (LGPS) asset pools in the UK.

LGPS Central s Partner Funds are :

• Cheshire Pension Fund
• Derbyshire Pension Fund
• Leicestershire Pension Fund
• Nottinghamshire Pension Fund
• Shropshire Pension Fund
• Staffordshire Pension Fund
• West Midlands Pension Fund
• Worcestershire Pension Fund

The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class.

LGPS Central offers a friendly and diverse, hybrid working environment with a range of…