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57540 / Investment Associate
Public Employees Retirement Association (PERA)

Position Information

1
70,000-90,000
INVESTMENT ASSOCIATE
Public Employees Retirement Association of New Mexico
The Public Employees Retirement Association of New Mexico (PERA) is a multi-employer public
pension plan serving 90,000+ members with an externally managed portfolio of approximately
$15.5 billion, including PERA Smart Save, a supplemental deferred compensation 457b plan, with
approximately 21,500 participants and $600 million in assets.
The mission of the Board of PERA is to preserve, protect, and administer the Trust to meet its
current and future obligations and provide quality services to Association members.
Job Description:
In the context of dynamic capital market environment, PERA seeks to position the Fund to provide
for liquidity, yield, and capital appreciation principally through prudent capital and risk allocation.
The Board of Trustees has recently adopted a risk budget by which newly formed Alpha and Beta
teams seek to allocate risk that provides for both risk balanced systematic sources of return and
efficient non-systematic sources of return.
The Investment Associate will join the Alpha team and will act as a generalist for the interim as
staff is recruited and added to the team. The goal is to have specialist teams within each asset
category and for early Associate hires to help build analyst processes and architecture.
Successful candidates will possess a high degree of intellectual curiosity, the ability to think
critically and creatively about complex challenges, be able to communicate effectively in both
written and verbal contexts, possess a passion for quantitative and qualitative analysis, and have a
strong interest in investment strategy and asset manager research.
2
Job Duties:
1. Responsible for monitoring, analysis and research for a complex portfolio of external liquid
and illiquid investment strategies.
2. Assist in sourcing new investments, including identifying new strategies and leading initial
due diligence efforts.
3. Develops and demonstrates expertise in specific strategy area(s) and/or asset class(es).
4. Assists in implementation and execution of portfolio, strategy and investment-specific
recommendations.
5. May act as lead project manager on research and operational projects.
6. Assists in the preparation of investment recommendations based on strategic and tactical
asset allocation decisions.
7. Corresponds frequently with investment managers, external service providers and industry
experts to formulate market opinions, identify investment opportunities and gauge
investment trends.
8. Contributes to ongoing process improvements.
9. Attends professional seminars and conferences; establishes professional relationships with
institutional investor peers and with tenured industry professionals.
10. Promotes cooperation and collaboration among the Investment Team and with external
service providers.
11. Promotes organizational efficiency through high professional standards.
Minimum Qualifications:
 A Bachelor’s Degree and a minimum of three (3) years of directly related professional
experience is required; Applicable education includes investment management, business
administration, accounting, financial management, economics, mathematics, statistics, or
related field. An understanding of financial theory and statistical measures
 Prior experience conducting investment manager research, sourcing and due diligence in
an institutional investment setting (pension fund, endowment, asset management, etc.) is
preferred
 Hedge fund experience is a plus
 MBA or related master’s degree is preferred
 Progress toward Chartered Financial Analyst (CFA), Chartered Alternative Investment
Analyst (CAIA), or related designations is preferred.
3
Required Investment Knowledge:
 Purpose, principle and theory of institutional portfolio management and statistical analysis
 Business, monetary and economic trends and practices
 Security analysis, financial forecasting and modeling
Miscellaneous:
 The position is based in Santa Fe, NM
 This is an exempt, at-will position
 Salary range is $ 70,000-90,000

Posting Information

Santa Fe
Accounting, Administration, Economics, Finance, Investment Management/Portfolio Management, Investment Research
Full-Time (Do Not Use)
Senior, Graduate Student, Alumnus/a
Bachelor, Masters
6/27/2018
7/27/2018

Contact Information

LaAnna
Larranaga-Ruffy
33 Plaza La Prensa
Santa Fe
NM
87507
505-476-9332

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