The Chief Alternatives Officer is responsible for leading the organization's alternative investment strategy, including private equity, hedge funds, real estate, infrastructure, venture capital, and other non-traditional asset classes. The CAO will drive portfolio diversification, enhance returns, and manage risks associated with alternative investments while aligning with the institution's overall investment objectives.
Key Responsibilities:
1. Alternatives Strategy & Asset Allocation
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Develop and execute alternative investment strategies aligned with overall portfolio objectives.
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Determine allocation across private equity, hedge funds, real estate, infrastructure, and other alternative assets.
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Identify new investment opportunities and emerging asset classes.
2. Portfolio Management & Performance
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Oversee performance of alternative investment portfolios.
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Monitor returns, liquidity profiles, and diversification benefits.
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Evaluate portfolio performance against benchmarks and targets.
3. Investment Sourcing & Due Diligence
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Lead sourcing of alternative investment opportunities, including fund selection and direct investments.
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Conduct and oversee due diligence on fund managers, assets, and investment structures.
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Negotiate investment terms and agreements.
4. Risk Management & Compliance
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Assess risks related to illiquidity, valuation, leverage, and market conditions.
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Ensure compliance with regulatory requirements and internal investment policies.
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Establish governance frameworks for alternative investments.
5. Manager & Partnership Oversight
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Build and maintain relationships with external fund managers, general partners (GPs), and investment firms.
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Monitor manager performance and ensure alignment with investment objectives.
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Evaluate and onboard new investment partners.
6. Product Development & Innovation
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Develop alternative investment products and solutions for clients or internal portfolios.