Associate – Portfolio Construction & Manager Oversight, Public Markets
Public Markets Investment Team | Leading Sovereign Wealth Fund
Location: Dubai, UAE
Less Relevant Backgrounds
The role is generally NOT suited to:
* Traditional long-only equity portfolio managers focused primarily on stock picking
* Fundamental equity analysts with limited portfolio construction responsibilities
* Traders and execution-focused investment professionals
* Candidates whose experience is predominantly centred around security selection rather than portfolio oversight and manager allocation
Preferred Background
The team is particularly interested in candidates from:
* Multi-Asset Solutions and Portfolio Construction teams
* Investment Strategy and Asset Allocation teams
* Manager Research and Fund Selection teams
* Portfolio Analytics and Investment Risk teams
* Sovereign wealth funds, pension funds, endowments, and OCIO platforms
* Leading asset managers and investment consultancies
The Opportunity
The firm is a leading sovereign wealth fund with a long-term global investment mandate across public and private markets. As part of the continued build-out of its Public Markets platform, the firm is seeking an Associate to join its Portfolio Construction team.
Importantly, the Public Markets team operates as a fund allocator rather than a traditional security selection team, investing predominantly through active and passive equity managers, hedge funds, and other externally managed investment strategies. The team focuses on portfolio construction, asset allocation, manager selection and oversight, risk management, and capital allocation decisions across a globally diversified portfolio.
This is a unique opportunity to join a growing investment platform and contribute directly to portfolio-level investment decisions alongside senior investment professionals.
Role Overview
The Associate will play a key role in the construction, optimisation, and oversight of global public markets portfolios across equities, fixed income, and hedge fund strategies.
The role is centred on portfolio oversight rather than day-to-day stock trading or security selection. The successful candidate will be responsible for analysing portfolio exposures, performance, risk, diversification, and manager allocations while supporting asset allocation and capital deployment decisions across externally managed portfolios.
Working closely with senior members of the Public Markets team, the Associate will contribute to investment decision-making, manager oversight, portfolio analytics, and risk management activities.
Key Responsibilities
* Support portfolio construction and optimisation across global public markets portfolios
* Assist with strategic and tactical asset allocation decisions across equities, fixed income, and hedge fund allocations
* Analyse portfolio risk, return, factor exposures, correlations, and diversification characteristics
* Conduct scenario analysis, stress testing, drawdown analysis, and portfolio sensitivity assessments
* Monitor portfolio performance relative to benchmarks, investment objectives, and risk parameters
* Support the evaluation, selection, and ongoing oversight of external investment managers
* Conduct manager due diligence and contribute to manager monitoring processes
* Analyse active and passive investment strategies and assess their role within the broader portfolio
* Prepare investment recommendations and portfolio analytics for investment committees and senior management
* Collaborate with investment, risk, research, and operations teams to support portfolio implementation and oversight
* Contribute to the development of portfolio management tools, reporting frameworks, and investment processes
Candidate Profile
* 4–5 years of relevant experience in portfolio construction, asset allocation, investment strategy, manager research, portfolio analytics, or public markets investing
* Experience gained within a leading asset manager, sovereign wealth fund, pension fund, endowment, investment consultancy, OCIO platform, hedge fund allocator, or investment bank
* Strong understanding of portfolio theory, asset allocation, risk modelling, factor investing, and performance attribution
* Experience analysing multi-asset portfolios across equities and fixed income; hedge fund exposure is advantageous
* Exposure to manager selection, fund research, investment due diligence, or manager oversight activities is highly desirable
* Strong quantitative and analytical capabilities with excellent attention to detail
* Advanced Excel skills required; experience with Python, R, SQL, MATLAB, or similar analytical tools preferred
* Strong communication skills and ability to present investment analysis to senior stakeholders
* Bachelor's degree from a leading university; CFA qualification or progress toward the designation is preferred