The Public Equities division consists of 13 people that run up to $12bn in AUM for SWIB. The division currently produces two portfolios – a small cap domestic portfolio and global portfolio. The position to be filled is with the global portfolio.

The global portfolio is a concentrated portfolio of 50-70 stocks, and all positions are driven by a stock selection process that is grounded in a fundamental assessment of the underlying business models’ risks and opportunities overlaid with an appropriate valuation framework. Analysts/Portfolio Managers generally work in a specific sector identifying best opportunities within that sector and present their recommendations to the investment team. Investment professionals interact with outside analysts and experts, meet with management teams, attend conferences and make on-site visits as part of our research process. Our portfolio construction process blends these insights with risk and alpha factor sensitivities to create portfolios that produce alpha in a consistent risk efficient manner over time. SWIB’s capital efficiency deployment allows for leverage, and for each long position an appropriate sector-simulating short position may also be established. Every recommendation requires a general discussion among team members to review and challenge the investment thesis. The intent of this review is to ensure that potentially correlated developments and their impacts have been considered and the risks to the investment have been fully appreciated. 

The successful candidate will work closely with other equity team members, collaborating on investment ideas, industry information, impact of macro developments, etc. The successful candidate will primarily function as an equity research analyst but will also assist in managing the global equity portfolio. Team members are organized by industry/vertical and are expected to drive buy/sell decisions utilizing a fundamental, bottom-up approach to security selection. As a member of the team, the candidate will be responsible for contributing to and fostering a collaborative team culture. 

The ideal candidate will use judgement and experience to make portfolio decisions and generate new ideas while working collaboratively with research and portfolio management colleagues across SWIB to formulate and underpin security selection and portfolio positioning recommendations. The candidate should be comfortable making portfolio decisions and stock recommendations based on fundamental analysis, formed investment rational, as well as peer review in assessing specific stock recommendations.

Essential activities:

The ideal candidate:

SWIB Offers:

The position requires U.S. work authorization.

Pursuant to our Hybrid Remote Work Policy, all staff have the flexibility to work remotely, but are required to have a weekly presence in our offices, the frequency of which is dependent on their distance from office. Staff are not required to reside locally; however, we offer relocation reimbursement to the Dane County area per our policy.

All SWIB employees are subject to SWIB’s Ethics Policy and Personal Trade Approvals Policy. These policies include restrictions on outside business activities and employment and have limits on personal trading. You may request copies of these policies from SWIB’s talent acquisition team and any questions can be answered by SWIB’s compliance team.