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Jobs @ UVIMCO

Managing Director of Fixed Income and Risk


UVIMCO seeks a Managing Director of Fixed Income and Risk to join the investment team led by CEO/CIO Larry Kochard. The primary responsibilities of this position will be to 1) manage a government bond and cash portfolio, and 2) research and monitor capital markets with a view towards executing investment strategies to enhance or protect Long Term Pool returns.

Position Summary


UVIMCO seeks a Managing Director of Fixed Income and Risk to join the investment team led by CEO/CIO Larry Kochard. He or she will interact daily with all employees of the firm but will report directly to the CEO/CIO. The primary responsibilities of this position will be to 1) manage a government bond and cash portfolio, and 2) research and monitor capital markets with a view towards executing investment strategies to enhance or protect Long Term Pool returns. Candidates must be flexible, intellectually curious and demonstrate a comprehensive understanding of macroeconomics, bond and derivatives markets, and modeling/research skills.

Primary Responsibilities

  • Develop and implement the investment strategy for the government bond and cash portfolios that serve as source of diversification and liquidity for the Long Term Pool;
  • Perform and synthesize capital market research to evaluate the impact of macroeconomic forces on the Long Term Pool;
  • Monitor and help manage Long Term Pool risk by monitoring and forecasting portfolio exposures and liquidity;
  • Serve as a member of UVIMCO's Investment Committee, and participate in all aspects of UVIMCO’s investment decision making process;
  • Recruit, supervise and develop investment analysts.

Secondary Responsibilities

  • Develop expected risk and return estimates and performance attribution analyses;
  • Identify, establish and monitor derivative overlay positions from time to time in order to manage exposure and risks of the Pool.
  • Prepare appropriately synthesized analyses and written materials to productively engage Board and staff members.

Qualifications and Skills


The ideal candidate will possess:

  • Demonstrated experience managing fixed income and/or cash portfolios. Familiarity with the operational aspects of managing a fixed income portfolio and the economic underpinnings of the fixed income asset class.
  • Excellent analytical skills, with the ability to comprehend broader market trends; a knack for integrating “top down” and “bottom up” perspectives into specific recommendations. Previous experience in trading currency or interest rate swaps, forwards, and futures is preferred.
  • A good network within the capital markets; a community of successful investors as part of his or her informal network. The ability to establish effective working relationships with investment banks is important.
  • Superior written and verbal communication skills.
  • Entrepreneurial work habits, good attention to detail, and the ability to work closely and effectively with an experienced and dedicated investment team.

The ideal candidate will also demonstrate a strong appreciation for the endowment model of investing, the active management process and alternative investment strategies. Familiarity with the theory and practice of asset allocation and portfolio risk management is also preferred but not required. Affinity to the University of Virginia and/or the Charlottesville, VA area and CFA/MBA are also preferred.

Interested candidates should submit a confidential resume and cover letter via email to Edward Fowler of HigdonBraddockMatthews LLC at efowler@hbm-llc.com for consideration.


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Manager of Investment Operations


UVIMCO seeks a Manager of Investment Operations to join the investment operations team of UVIMCO. The primary responsibilities of this position will be operational due diligence methodology, process and documentation.

Position Overview


The Manager of Investment Operations is a new position and requires a flexible professional with demonstrated experience in effective communication and independent thinking. We seek a collaborative and productive individual to report directly to the Chief Operating Officer and assist with all financial and administrative activities of the organization, including investment operations and operational due diligence, Board and investor relations, and corporate operations.

The Manager of Investment Operations will be responsible for the development and enhancement of UVIMCO’s operational due diligence methodology, process and documentation. The individual will prepare for and conduct on-site due diligence in the form of interviews with investment managers, CCOs, COOs, and other operational management and personnel, and coordinate and review results with UVIMCO’s investment, operations, and legal specialists. The individual will review legal documentation, internal controls, annual audits, operations, compliance, and trading policies and procedures of the managers, and review third party service provider relationships prior to investment and as part of the ongoing monitoring effort. The individual will ensure that the operational due diligence files are complete, properly organized and kept up to date, as well as prepare written reports and risk assessments.

In addition to performing operational due diligence, the Manager of Investment Operations will be a key participant in providing operational support for all investment decisions, acting as a liaison with our Board and shareholders, and assisting with other organizationally focused activities as needed. The position offers the opportunity to gain a broad array of experience in organizational issues while building robust skills in the area of operational due diligence.

Position Requirements


The ideal candidate will be a motivated self-starter with a broad knowledge of the alternative investments industry and an understanding of the key operational risks facing hedge funds and private equity. Candidates should have outstanding interpersonal skills, excel in a team environment, and exhibit a high level of maturity, professionalism, and integrity. Successful applicants will be well organized, detail oriented, hard working, flexible, and capable of multi-tasking. Excellent academic credentials and relevant experience are required. MBA and/or CFA is a plus, but not required.

Interested candidates should submit a resume, cover letter, and salary requirements via mail or email to:

UVIMCO Search Committee
Manager of Investment Operations
PO Box 400215
Charlottesville, VA 22904
E-mail: uvimco@virginia.edu

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