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- Tasks: Lead the development of innovative alternatives and hedging strategies for Partner Funds.
- Company: Join LGPS Central, a leading asset manager for local authority pension funds.
- Benefits: Enjoy a competitive salary, generous pension scheme, and 30 days paid holiday.
- Why this job: Shape a new capability and make a real impact in investment management.
- Qualifications: Strong expertise in alternatives and hedging with proven leadership skills.
- Other info: Collaborative hybrid working environment with excellent career growth opportunities.
The predicted salary is between 72000 - 108000 £ per year.
Join LGPS Central as we build our new Alternatives and Hedging capability. We are recruiting a Head of Alternatives and Hedging Solutions to lead the development and delivery of our strategies in this area and to shape how we support Partner Funds through diversifying assets and robust risk-management solutions. This senior role will take ownership of our alternatives fund strategy and our hedging services.
You will guide the design and oversight of portfolios across hedge funds, diversified growth, absolute return bonds, insurance-linked securities, gold and other strategies as they evolve. You will also lead on designing and overseeing equity protection, LDI and currency hedging programmes delivered for Partner Funds. You will work closely with the CIO and senior leaders to build a high performing team, strengthen our investment processes and ensure our solutions reflect regulatory requirements, government expectations and Partner Fund needs.
The role has a strong leadership, relationship management and stakeholder engagement focus, alongside deep technical responsibility. We are looking for an experienced investment leader with strong alternatives and hedging knowledge, clear portfolio construction skills and a track record of managing and developing high performing teams. If you want to shape a new capability and support the next stage of our growth, we would like to hear from you.
What you’ll be doing:
- Leading the development and delivery of LGPS Central’s alternatives fund strategy and hedging solutions, ensuring they meet Partner Fund requirements and government expectations.
- Designing and implementing investment solutions across hedge funds, diversified growth, absolute return bonds, insurance linked securities, gold and other diversifying strategies.
- Overseeing the design and oversight of equity protection, liability driven investment and currency hedging programmes delivered for Partner Funds.
- Managing the full lifecycle of alternatives and hedging mandates including sourcing, analysis, due diligence, legal review with internal and external counsel, negotiation, approval and ongoing monitoring.
- Building and maintaining strong relationships with global fund managers, external advisors and other market participants.
- Establishing a robust decision making and portfolio monitoring framework and keeping this under review in line with market and regulatory developments.
- Providing assurance that all strategies and portfolios operate within agreed parameters and comply with internal risk, compliance and responsible investment frameworks.
- Leading and developing a high performing Alternatives and Hedging Solutions team and supporting collaborative decision making across the investment function.
- Acting as a key representative for LGPS Central within the investment community, Partner Funds, regulators and broader stakeholders.
- Championing responsible investment and ensuring ESG and RI considerations are fully integrated across alternatives and hedging activities.
- Supporting the CIO with financial, performance and strategic oversight of relevant portfolios and contributing to the wider leadership of the investment directorate.
About Us
LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Fund, and it is responsible for managing £45bn+ of their assets. It is one of eight Local Government Pension Scheme (LGPS) asset pools in the UK. LGPS Central's Partner Funds are: Cheshire Pension Fund, Derbyshire Pension Fund, Leicestershire Pension Fund, Nottinghamshire Pension Fund, Shropshire Pension Fund, Staffordshire Pension Fund, West Midlands Pension Fund, Worcestershire Pension Fund.
The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class. LGPS Central offers a friendly and diverse, hybrid working environment with a range of employee benefits. The Company moved to new premises at i9, Wolverhampton Interchange in January 2022, close to local transport links. Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we want to aspire to be one of the best because this is how we will deliver the superior investment returns and low costs for our Partner Funds.
Requirements
The successful candidate will bring strong senior-level expertise in alternatives and hedging, ideally within an asset management or institutional investment setting. They will demonstrate:
- Strong portfolio construction, manager selection and monitoring skills across a broad alternatives spectrum.
- Experience designing and overseeing equity protection, LDI and currency hedging programmes.
- Senior involvement in collaborative investment decision making and portfolio oversight.
- A track record of building, managing and developing high performing investment teams.
- Excellent relationship management capabilities and credibility with managers, advisors and institutional stakeholders.
- Strong risk, compliance and performance evaluation capability across alternatives and derivative overlays.
- High levels of integrity, judgement and professional ethics.
Qualifications:
- CFA or equivalent qualification/ relevant investment experience.
- Preferably degree level or equivalent in relevant discipline.
- Has or can meet all the requirements of being an FCA approved person.
What do we offer?
We are proud to provide our people with a premium and exclusive benefits package and we are continually improving the rewards we offer. Here are a few of the valuable rewards that you will enjoy:
- Competitive salary
- An enhanced and generous Pension Scheme
- 30 days' paid holiday plus bank holidays
- 2 days paid volunteering days
- An extra paid Company Day in addition to paid holidays
- Excellent Learning
Head of Alternatives and Hedging Solutions employer: LGPS Central
Contact Detail:
LGPS Central Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Alternatives and Hedging Solutions
✨Tip Number 1
Network like a pro! Reach out to your connections in the investment community, especially those who might have insights into LGPS Central. A friendly chat can sometimes lead to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by diving deep into alternatives and hedging strategies. Brush up on your portfolio construction skills and be ready to discuss how you can shape LGPS Central’s new capabilities. Show them you mean business!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview or networking event, drop a quick thank-you note. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the LGPS Central team.
We think you need these skills to ace Head of Alternatives and Hedging Solutions
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in alternatives and hedging. We want to see how your skills align with our needs, so don’t hold back on showcasing your relevant achievements!
Showcase Your Leadership Skills: Since this is a senior role, it’s crucial to demonstrate your leadership capabilities. Share examples of how you've built and managed high-performing teams in the past. We love to see candidates who can inspire and lead others!
Be Clear and Concise: When writing your application, keep it clear and to the point. We appreciate well-structured applications that are easy to read. Avoid jargon unless it’s necessary, and make sure your passion for the role shines through!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role and our company there!
How to prepare for a job interview at LGPS Central
✨Know Your Alternatives and Hedging Inside Out
Make sure you brush up on your knowledge of alternatives and hedging strategies. Be prepared to discuss specific examples of how you've successfully implemented these strategies in the past, as well as your understanding of current market trends and regulatory requirements.
✨Showcase Your Leadership Skills
As a senior role, they’ll be looking for strong leadership capabilities. Prepare to share experiences where you've built and managed high-performing teams, highlighting your approach to fostering collaboration and decision-making within investment functions.
✨Build Relationships Before the Interview
Networking is key in this industry. If possible, try to connect with current or former employees of LGPS Central before your interview. This can give you valuable insights into the company culture and expectations, which you can reference during your conversation.
✨Prepare for Technical Questions
Expect to face technical questions related to portfolio construction, risk management, and compliance frameworks. Brush up on your analytical skills and be ready to discuss how you would approach designing and overseeing various investment solutions tailored to Partner Funds.
