Principal Investment Officer, Real Assets Fund

Job Description

Connecticut State Treasurer's Office, Pension Fund Management Division, managing over $44 billion in assets, is searching for a Principal Investment Officer (PIO) responsible for management of the $5.2 billion Real Assets Fund. The Fund invests in core, value add, opportunistic real estate strategies and publicly traded securities (primarily REITs and Real Estate Operating Companies). Investments are also made in infrastructure and natural resources strategies.

Reporting to the Chief Investment Officer, the PIO is accountable for monitoring, reporting, evaluating, and recommending investment opportunities and for risk management oversight of the assets invested in over 50 partnerships.  The PIO is a thought partner and trusted colleague of the CIO.  The individual must align and support the Treasurer’s investment philosophy and policy objectives, including his initiatives on diversity, inclusion, and ESG.

The PIO is accountable for oversight of the RAF assets.  An investment leader with relevant institutional real estate experience across public and private markets is required.  Additional requirements and preferences include: 

Requirements

• Bachelor’s degree in finance, economics, or related field of business.
• At least seven years of relevant investment experience, preferably private institutional real estate / real assets.
• In-depth understanding of the real assets sector, private markets, alternative investment strategies and vehicles, and the principles and practices of institutional investing.
• Understanding of research in real estate / real assets, including market trends, strategies, industries, sectors, and geographies.
• Demonstrated ability to effectively communicate in writing and orally.
• Dedication to public service and understanding of defined benefit plans.

Preferences

• Advanced degree.
• CFA or CAIA.
• Investment experience working in or consulting to the public sector.

While public pension experience is preferred, candidates with other relevant experience will be considered.