About LPPI (-%About LPPI)

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Role Purpose (-%Role purpose)

Under guidance from the Head of Investment Strategy and Portfolio Manager, the role anchors LPPI’s fundamental market awareness, and understanding of the different economic and market risks and opportunities to which our Partner Funds may be exposed. This role complements the work of the rest of the Investment Strategy team, whose role is to develop market and economic insights as well as investment processes to support the investment strategies of LPPI’s Partner Funds. As leader of LPPI’s thematic investment thinking, this role will support daily portfolio management, quarterly Investment Committee, quarterly ACM/IS review, quarterly client reporting, and potentially have external client and media visibility


Key Responsibilities (-%Key responsibilities)

• Lead macroeconomic and qualitative market researcher. Produce regular and ad hoc reporting to support LPPI’s investment process, market engagement and client communication.
• Lead thematic research, maintaining perspective on the drivers of changes in the global economy and associated return drivers in liquid and private assets, as well as FX. Work with the wider team, asset class PMs and Investment Committee to build continuity and clarity of client total portfolio positioning.
• Research and develop global macro themes and views published in flagship and ad-hoc publications, with the long-term vision of being able to drive the process of developing and producing original research and influencing asset allocation decisions.
• Build and conceptualize tools and frameworks for internal analytical use.
• Deliver global macro and thematic research views to internal and external clients.
• Contribute to team discussions on global market views and asset allocation decisions.
• Contribute to fundamental research of global asset classes.
• Support the Head of Investment Strategy in developing the long-term investment strategy and recommending the most appropriate asset allocation to ensure that the investment portfolios meet LPPI’s Partner Funds’ long-term investment objectives.
• Contribute to the oversight of the strategic and tactical asset allocation processes. This will include reviewing, providing feedback alongside ensuring a consistent and high standard of macroeconomic analysis and modelling.
• Work with the team to help deliver economic insights and investment recommendations to portfolio managers and the broader Investments team,
• Support Portfolio Managers across Investments with research, modelling, portfolio construction, in integrating investment strategy into asset class specific investment decisions on an ad-hoc project basis.

Requirements for the role (-%Requirements for the role)

• Strong investment analysis and/or consulting experience with a focus on multi-asset solutions, liability driven investments, and investment strategy.
• Strong investment market literacy, with experience in managing investment portfolios, ideally in the pension fund industry.
• Exceptional leadership skills, with a proven track record of thinking strategically and driving a team culture that harnesses resources and development.
• Highly effective communication and relationship management skills including personal credibility in delivering strategic information to peers and Executive Committee to facilitate high level decision making.
• Strong numeracy skills, with the ability to analyse, interpret and make recommendations based on complex and conflicting information.
• Demonstrable advanced people management skills with the ability to lead and motivate a team through staff management processes. These include effective performance appraisals and implementing continuing learning and development plans to aid succession planning.
• A proactive, self-motivated team player who has the ability to work independently, set strategy and direction for self and others, and manage a high workload with multiple deadlines ensuring expectations are managed throughout.
• Strong academic background, ideally with study of economics
• Passion for all areas of macro / thematic research and investments
• CFA designation would be an advantage but not essential
• Top communication, interpersonal and presentations skills (written and verbal).
• Ability to multi task in a fast paced environment.
• Good conduct that is consistent with the LPPI values- aligned behaviours
• Advanced use of MS Office

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

About LPPI (-%About LPPI)

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Role Purpose (-%Role purpose)

Portfolio Manager, Infrastructure (“PM”) is responsible for leading the underwriting and monitoring for the indirect funds activities of the LPPI Infrastructure Pooling Vehicle (“IPV”) at Local Pensions Partnership Investments (“LPPI”). The role is responsible for managing client capital committed to the IPV; this includes setting portfolio construction objectives, managing deployment and redemptions, working with direct infrastructure team colleagues and collaborating across the external manager and wider LPPI investment team to meet client requirements. The PM will be accountable for monitoring and reporting on the performance of the IPV, including directs as well as the balance sheet positions held by clients. The PM is tasked with ensuring that client commitments are invested, and the portfolio is managed in accordance with LPPI’s and clients’ strategic objectives, policies and relevant regulations.

Key Responsibilities (-%Key responsibilities)

• Setting strategy and implementation for the IPV, including portfolio construction, mix of funds, co-invest and direct investments (noting that GLIL commitments are treated as direct for these purposes); working in conjunction with senior colleagues;
• Responsible for sourcing and underwriting opportunities in funds and co-investments, making portfolio management recommendations for the IPV
• Ensuring that the IPV investment monitoring activities are performed to a high standard by the team;
• Managing and mentoring the indirect Infrastructure team
• Maintaining knowledge of the universe and networks, includes attending relevant conferences and events for infrastructure sector, as well as attending advisory committees, meetings and site visits;
• Supporting underwriting, investment decisions and monitoring as appropriate relating to indirect infrastructure covering other LPPI managed vehicles such as the Environmental Opportunities Fund (“EOF”) and the London Fund;
• Participate in marketing for both internal and external client activities;
• Working with internal LPPI teams to ensure that the IPV is managed in line with policies, the mandate objectives and restrictions including Responsible Investment commitments

Requirements for the role (-%Requirements for the role)

• Significant experience in sourcing, underwriting and managing infrastructure investments with third party fund managers;
• Significant experience of evaluating fund managers is a must, experience in co-investments a positive.
• Experience of making infrastructure investment recommendations, portfolio management and decision-making experience a positive
• Strong technical knowledge of Infrastructure investment strategies and relevant fund manager universes.
• Capability to deliver and operate within an institutional investment process, applying sound principles and developing improvements where appropriate;
• Highly effective communication, influencing and relationship management skills including personal credibility in delivering strategic information to peers, senior decision makers in LPPI and to relevant committees to facilitate high level decision making;
• The ability to build positive and productive working relationships with a variety of internal and external parties, including investors, advisers and clients;
• Excellent level of numerical, analytical and report writing skills
• A proactive, self-motivated team player who has the ability to handle a workload with multiple deadlines ensuring expectations are managed throughout;
• Advanced people management skills with the ability to lead, mentor and motivate more junior team members.
• Promotes positive behaviour through own actions and attitude with the ability to deliver solutions within a team environment and be a flexible and supportive team player;
• An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPPI’s commitment to combating discrimination and promoting equality of opportunity.
• Good conduct that is consistent with the LPPI values- aligned behaviours

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.