(May 6, 2014) — If you want to help shape the investment strategy for the one of the world’s largest investors, now is the time to sharpen up your resumé.
Norges Bank Investment Management (NBIM), the organisation that invests the assets of the Norway Pension Fund Global, is hiring economists for its allocation strategies team.
“The positions are based within the fund overlay group, which is responsible for macro input to the fund’s ongoing investment decisions and plays a key role in shaping NBIM’s view on main return drivers for the fund,” NBIM posted on its website this week. “In addition the group has a global macro mandate in fixed income, equities, and currencies with an absolute return objective.”
The Norway Pension Fund Global is the world’s largest sovereign wealth fund, with some $850 billion in assets. Each year, it commits 4% of its capital to the national government and runs the most transparent investment operation in the sector.
Over the past few years it has been developing a diversified portfolio, including allocations to long-term illiquid assets, but remains the world’s single largest equities investor. The fund has just signed a seven year contract with banking giant Citi to take over custodial and securities lending functions from JP Morgan.
For those looking to take on a role within the fund, responsibilities would include: analysing economic sustainability of countries; monitoring central bank policy and global macro risk and drawing implications for asset performance; developing dynamic macro models for asset allocation; conducting in-depth country analysis and draw investment implications for key emerging markets; and suggesting, preparing, and presenting macro investment cases for the fund overlay group.
The positions would be based in Oslo, but successful candidates should expect to spend time in the fund’s London, New York, Shanghai, and Singapore offices, so the ability to travel is essential.
Interested parties should offer the following qualities: a relevant master’s degree or equivalent with strong academic records; expertise in applied econometrics; five to seven years’ relevant experience; ability to interact and build relationship with key internal and external experts; ambition to excel; high level of integrity; excellent collaboration and communication skills with a high level of proficiency in written and spoken English.
The deadline for applications is May 16. The NBIM website offers more information.
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