Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now

About the Role

The Institutional Portfolio Solutions (IPS) team partners with Financial Advisors to offer discretionary and non-discretionary portfolio management services to institutional and private clients. This role focuses on hedge funds and liquid alternative investments, requiring expertise in sourcing, evaluating, and conducting due diligence on hedge fund managers, as well as constructing customized hedge fund portfolios.

Responsibilities

Serve as a subject matter expert and portfolio manager for hedge funds and liquid alternative investments within OCIO and MSFO client portfolios.
Source, evaluate, and conduct due diligence on hedge fund managers across strategies, including equity long/short, event-driven, credit, relative value, global macro, multi-strategy, systematic, merger arbitrage, convertible arbitrage, volatility, opportunistic, and other liquid alternative strategies.
Maintain and expand a relevant network across the hedge fund ecosystem, including investment managers, allocators, consultants, prime brokerage contacts, capital introduction teams, and other market participants.
Build customized hedge fund portfolios for institutional, family office, ultra-high-net-worth, and other sophisticated clients, including recommendations on strategy allocation, manager selection, position sizing, liquidity profile, implementation sequencing, and portfolio-level risk management.
Evaluate hedge fund portfolios in the context of total client asset allocation, including public markets, private markets, liquidity needs, concentration risks, client-specific constraints, and existing portfolio exposures.
Partner with OCIO and MSFO client segment teams and Financial Advisors to support prospective and existing client engagements, including new mandate opportunities, portfolio reviews, investment proposals, and client-specific hedge fund recommendations.
Participate in recurring OCIO and MSFO investment meetings to discuss asset allocation, hedge fund market views, manager selection, portfolio positioning, forward pipeline opportunities, and potential portfolio changes.
Prepare investment analyses, manager recommendations, market updates, portfolio reviews, and client-facing materials related to hedge fund and liquid alternative allocations.
Monitor hedge fund performance, exposures, liquidity, risk characteristics, factor sensitivities, attribution, manager-specific developments, and portfolio-level contributions across OCIO and MSFO client allocations.
Actively participate in meetings with external hedge fund managers and represent OCIO/MSFO in manager diligence, portfolio monitoring, and pipeline review discussions.
Help drive strategic initiatives to enhance hedge fund portfolio construction, manager research, analytics, reporting, and implementation capabilities across OCIO and MSFO.
Liaise with key internal stakeholders, partner groups, and control functions to support business initiatives, investment implementation, governance processes, and client solutions.
Develop, enhance, or automate analytical tools, financial models, reporting processes, and data workflows to support hedge fund due diligence, portfolio construction, monitoring, and reporting.

Requirements

Bachelor’s degree in Finance, Economics, Business Administration, or a related field.
7+ years of investment-related experience with a significant focus on hedge funds, preferably at a fund of funds, OCIO platform, institutional investment consultant, endowment, foundation, family office, alternative investment platform, or other allocator-oriented investment organization.
Demonstrated experience sourcing hedge fund managers and maintaining a relevant network across the hedge fund manager universe.
Demonstrated experience conducting institutional-quality hedge fund due diligence, including analysis of investment process, portfolio construction, risk management, performance attribution, liquidity, terms, operational considerations, organizational quality, and alignment of interests.
Demonstrated experience building customized hedge fund portfolios, including manager selection, strategy allocation, position sizing, liquidity design, risk budgeting, portfolio monitoring, and rebalancing recommendations.
Strong understanding of hedge fund strategies, including equity long/short, event-driven, credit, relative value, global macro, multi-strategy, systematic, and other liquid alternative strategies.
Strong understanding of global capital markets, asset allocation, manager selection, modern portfolio theory, portfolio construction, performance analysis, risk management, and the broader alternative investment landscape.
Ability to evaluate hedge fund investments at both the manager level and the total portfolio level.
Ability to translate complex hedge fund strategy, risk, liquidity, and portfolio construction concepts into clear recommendations for sophisticated clients, Financial Advisors, investment committees, and internal stakeholders.
Strong analytical and quantitative skills, with the ability to assess fund performance, exposures, drawdown behavior, liquidity, correlation, factor sensitivities, attribution, and portfolio-level risk.
Excellent verbal and written communication skills.
Strong organizational and project management skills, with the ability to manage multiple priorities in a fast-paced, collaborative environment.
High degree of professional accountability, attention to detail, intellectual curiosity, and judgment.
Proactive, hard-working, collaborative, and comfortable operating within a close-knit investment team.
SIE, Series 7, Series 63, and Series 65, or Series 66, will be required for the role. Candidates who do not already hold these licenses will be required to obtain them after being hired within a reasonable timeframe.

Skills

Hedge fund manager sourcing and evaluation
Due diligence on hedge fund managers
Hedge fund portfolio construction
Alternative investments
Portfolio management
Asset allocation
Manager selection
Risk management
Quantitative analysis
Financial modeling
Performance attribution analysis
Exposure and factor analysis
Liquidity and terms analysis
Drawdown and stress scenario analysis
Portfolio construction and optimization tools
Manager comparison frameworks
Excel-based modeling and reporting
Bloomberg
FactSet
VBA
Python
APIs

Location

42 countries

Work Type

Full-time

Experience Level

Vice President
7+ years of investment-related experience

Education Level

Bachelor’s degree in Finance, Economics, Business Administration, or a related field.
CFA, CAIA, MBA, or other relevant advanced degree or professional certification (Preferred)

Salary/Compensations

$115,000 - $205,000 per year

Benefits

Commission earnings
Incentive compensation
Discretionary bonuses
Other short- and long-term incentive packages
Other Morgan Stanley-sponsored benefit programs

About the Company

Morgan Stanley is a leading global financial services firm providing investment banking, securities, investment management, and wealth management services.
The Firm’s employees serve clients worldwide in 42 countries.
As a market leader, the talent and passion of our people are critical to our success.
Together, we share a common set of values rooted in integrity, excellence, and a strong team ethic.
Morgan Stanley provides a superior foundation for building a professional career — a place for people to learn, achieve, and grow.
A philosophy that balances personal lifestyles, perspectives, and needs is an important part of our culture.
Morgan Stanley Outsourced Chief Investment Office, or OCIO, and Morgan Stanley Family Office, or MSFO, partner with Morgan Stanley Financial Advisors across all channels to deliver portfolio management solutions to clients of Morgan Stanley Wealth Management.
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals.
Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries.
At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered.
Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences.
We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.
There’s also ample opportunity to move about the business for those who show passion and grit in their work.

Equal Opportunity

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.
Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.