Senior Associate, Hedge Fund Manager Analysis

The Capital Markets and Factorial Placement (CMF) department invests globally in listed stocks, fixed-income securities, currencies, commodities, and derivatives. It also manages relationships with external placement managers and co-investments in public markets. We are currently recruiting a senior associate to join the External Portfolio Management (EPM) team based in Toronto.

EPM is a group within CMF responsible for allocating capital to external fund managers in public markets, covering all styles of negotiation, asset categories, and geographic zones. The team manages a portfolio of externally managed funds and separate accounts, and collaborates with over 60 of the world's top hedge fund managers. EPM establishes long-term partnerships, regardless of the underlying strategies being short- or long-term. The team also conducts co-investments with these fund managers.

Reporting to the general manager, the senior associate will play a central role in researching, tracking, and managing partnerships with hedge funds in fundamental strategies (stocks and credit). They will also support co-investment activities, including conducting due diligence and continuous portfolio monitoring. They will prepare investment recommendation documents for new opportunities and ensure proactive surveillance of the portfolio. Finally, they will contribute to evaluating investment proposals in hedge funds through various strategies and styles.

Responsibilities :

A) Portfolio tracking and management (hedge funds and co-investments)

• Collaborate with portfolio managers and directors for daily investment tracking: regular calls, reports, market trend analysis.
• Maintain and improve portfolio tracking tools to ensure robust, efficient, and reliable tracking.
• Work with the Construction of Portfolio & Risks team to provide real-time updates on performance, exposures, and risk measures.

B) Analysis of new investment opportunities and recommendations

• Maintain a structured competitive intelligence process for monitoring hedge fund managers in stocks and credit.
• Analyze investment opportunities, form independent opinions, and direct due diligence.
• Write clear and structured investment recommendation documents.
• Work closely with internal teams (Risks, Legal, Tax, Operations) for the investment approval and execution process.
• Conduct proactive research on global market themes; contribute to investment ideas and strategy discussions.

C) Relationships with external fund managers

• Participate in meetings and calls with current and potential partners; prepare agendas and write minutes.
• Maintain active communications with external managers to gather relevant information.
• Synthesize key insights for portfolio managers and the EPM team.

D) Contribution to team discussions

• Participate in investment committees on funds, co-investments, and new fund managers.
• Contribute to quarterly portfolio reviews.
• Participate in cross-functional team initiatives, training, and collective activities.