Portfolio Manager, Fund of Funds

About the role

Equi is seeking a high-trajectory investment professional with a genuine passion for investing who wants to develop alongside a rapidly growing firm building differentiated products in the alternatives space. You will report directly to the Chief Investment Officer and serve in a leadership role on the Investment Committee. This role combines rigorous manager due diligence with portfolio construction, risk management, and team leadership, offering a clear path to expanded responsibility as the platform grows. You will work closely with the CIO to source, underwrite, and monitor hedge fund managers while contributing to portfolio construction and optimization decisions. You will also manage a junior quant researcher, directing analytical projects and developing talent as part of building out the investment team. Equi accesses managers through a mix of pooled funds, separately managed accounts (SMAs), and swap structures, requiring nuanced navigation of varying liquidity terms, transparency levels, and operational requirements. As a member of the Investment Committee, you will have a direct voice in capital allocation and strategic direction. This is an opportunity for a high-trajectory investment professional with a genuine passion for investing who wants to build something meaningful. Culture Equi is a team-first environment where transparency and healthy debate are integral to our success. We operate with a flat structure, ideas win on merit, not seniority, and every member of the investment team is expected to contribute to the conversation. We value intellectual honesty, rigorous thinking, and the humility to change your mind when the evidence warrants it. As the funds platform scales and new fund of funds products are developed, there is a clear path to broader responsibility and the potential to lead dedicated strategies. Near-term focus will center on manager due diligence, portfolio risk, and liquidity management, with increasing ownership of portfolio construction and capital allocation decisions over time. We're looking for someone who wants to build, both the portfolio and the firm. Own What is this person singularly responsible for? Manager Selection & Due Diligence - Lead comprehensive due diligence on hedge funds, hybrid strategies, and private credit managers-evaluating investment edge, team quality, risk management, and operational infrastructure - Source proprietary deal flow through industry relationships and systematic market mapping - Develop and present investment recommendations to the CIO and Investment Committee with clear thesis articulation and risk assessment - Build and refine data-driven frameworks for manager evaluation and selection - Monitor existing manager relationships through regular engagement, performance evaluation, and strategic alignment reviews Portfolio Risk - Own the portfolio risk function-developing and maintaining risk frameworks, factor exposure analysis, and concentration monitoring across the fund of funds - Design and execute stress testing scenarios including liquidity stress tests, market drawdown simulations, and correlation breakdown analysis - Manage gate risk and redemption queue scenarios-modeling portfolio liquidity under stress conditions and maintaining appropriate liquidity buffers - Build and maintain risk dashboards including performance attribution, drawdown analysis, and exposure reporting Liquidity & Operations - Manage liquidity across a complex structure of pooled funds, SMAs, and swap exposures-each with distinct redemption terms, notice periods, and operational requirements - Track and forecast cash positioning across fund structures, ensuring redemption capacity aligns with investor terms and subscription/redemption cycles - Coordinate with fund administrators, custodians, and swap counterparties on operational execution Team Leadership - Manage and mentor a junior quant researcher-setting priorities, directing analytical projects, and developing their capabilities - Define research agenda and delegate quantitative analysis, data projects, and manager screening tasks - Build team processes and infrastructure as the investment team scale

Benefits

Additional Information

About Equi Equi is an investment management firm building institutional-quality alternative investment solutions. We operate a unique business model: in addition to offering Equi-branded funds, we build white label fund of funds products for some of the top independent multi-family offices and financial advisory firms in the country. We combine deep manager selection expertise with sophisticated portfolio construction to deliver differentiated outcomes for our clients and partners. The firm is at an inflection point, our AUM is scaling rapidly, we've signed an LOI to launch an additional fund of funds product, and we expect to sign more LOIs in the coming months. We're assembling a small, high-caliber team that can grow with the platform and take on increasing responsibility as we scale.

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