Carnegie Mellon University’s $1.25 billion endowment is looking for a deputy investment officer to focus on private markets.
According to the job description, the newly created director of investments position will develop and oversee private investments in addition to leading the endowment’s external manager selection.
The deputy will report to CIO Charles Kennedy, the Pittsburgh, Pennsylvania-based university said.
The new appointee will assist reporting to the CIO on the portfolio’s performance, asset allocation, and risk profile, along with transmitting this information to the university’s senior administration and investment committee .
The director of investments will also focus on talent development, be tasked with recruiting, team building, and promoting “the collegial, entrepreneurial, and passionate culture of the investment office and university.”
Carnegie Mellon’s 2014 annual report showed the endowment had a 29% and a 13% allocation to private equity and hedge funds, respectively. The portfolio also returned 18.2% for the fiscal year, following a 10.1% gain and a 0.2% loss for FY 2013 and 2012 respectively.
The ideal candidate should have a minimum of five years of relevant experience, the university said. Those who have spent time at global organizations would be preferred.
Applicants should also have a bachelor’s degree in finance, accounting, business, or related fields; a master’s degree and Chartered Financial Analyst certifications are preferred.
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