Texas Permanent School Fund Corporation · 1 month ago
Investment Officer - Absolute Returns
Innovation Tower
Full-time
Onsite
Senior Level
5+ years expTexas Permanent School Fund Corporation is seeking an Investment Officer to support their Absolute Return Strategies and Public Equity portfolios. The role involves conducting due diligence, mentoring analysts, and collaborating with senior officers to make informed investment decisions that align with the fund's mission to support K–12 public education in Texas.
CommunitiesEducationFinancial Services
Responsibilities
Conduct comprehensive investment and operational due diligence on hedge fund and public equity managers, including strategy evaluation, return drivers, risk exposures, portfolio construction, liquidity, leverage, and downside protection
Evaluate trading-oriented strategies across market neutral equity and credit, relative value, macro, quantitative, and multi-strategy hedge funds, as well as long-only and long-biased public equity managers
Prepare detailed investment memos, manager profiles, and Investment Committee (IC) materials, articulating strategy rationale, risk/return characteristics, and portfolio fit
Build and maintain analytical models and tools to assess historical performance, factor exposures, scenario analysis, drawdowns, correlations, capacity constraints, and stress testing (manager- and portfolio-level)
Monitor existing hedge fund and public equity allocations, including performance attribution, risk metrics, style drift, exposure analysis, and peer comparisons
Generate portfolio-level reporting, including manager attribution, diversification benefits, and absolute return contribution for senior management and stakeholders
Participate in manager meetings, on-site and virtual due diligence, and ongoing relationship management; contribute to LPAC reviews and LPA consent evaluations as applicable
Conduct market and strategy research to identify emerging trends, new managers, and evolving opportunities within hedge funds and public equity markets
Support portfolio construction decisions, including sizing, rebalancing, and risk budgeting across absolute return and equity strategies
Mentor and oversee Investment Analysts, providing guidance on due diligence, modeling, research methodologies, and professional development
Collaborate across the investment team to ensure alignment of strategies, risk management, and reporting standards
Produce ad-hoc analysis and reporting using internal investment systems; support audit and compliance requirements
Qualification
Required
At least five (5) years of directly related investment experience within absolute return strategies, including experience with hedge fund investing and/or public equity portfolio management
Bachelor's degree from an accredited college or university in Finance, Economics, Accounting, Math, Data Analytics, or a related field
Preferred
Advanced degree (MBA, Master's in Finance, or equivalent) is a plus
CFA, CAIA, or equivalent industry certification
Experience with investment analysis, risk management, and performance attribution applications (e.g. BarraOne, Caissa, Albourne, Venn, or similar)
Prior experience in a mission-driven or public-sector investment organization is highly desirable
Company
Texas Permanent School Fund Corporation
We are a special-purpose governmental corporation charged with prudently managing and investing the assets of the Texas Permanent School Fund.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Ashley Rivera
Human Resources Business Partner
Recent News
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