APG’s asset management division invests €516 billion (May 2020) in Dutch pension capital. As one of the largest pension fiduciaries in the world, we carefully consider return, risk, and cost, in balance with the social and sustainability performance of each investment we make. We have realized an average return of approximately 7% over the last 20 years and are a global leader in responsible investing. With 700 highly qualified employees working from the Netherlands, Hong Kong and the US, APG Asset Management has diverse in-house expertise to ensure stable, long-term returns.
APG Asset Management US Inc. is a wholly owned subsidiary of APG and has been investing in the Americas for our clients for over two decades. We manage about 17% of APG’s total AuM ($102.4 billion as of June 2020) out of the New York office. Our staff of 154 professionals works across multiple asset classes, including fixed income, private equity, real estate, infrastructure, hedge funds and alternative alpha.
For more information about APG, visit www.apg.nl/en
About the Alternative Credits Portfolio and Team
Alternative Credits is a relatively new and growing strategy within APG Asset Management that focuses on private debt strategies offering superior risk-adjusted returns that should compensate for the increased illiquidity and complexity. The majority of these strategies are managed by external investment managers which have been carefully selected and are monitored by the Alternative Credits team. Alternative Credits is an important part of the APG AM strategy that supports the ambition to be a long-term investor aiming at the highest 5-year (net) return given the selected risk profile and client targets. As such, the Alternative Credits strategy is expected to growth significantly in the coming years.
Based in New York you will be part of the global Alternative Credits team (7 investment professionals) that currently manages ~EUR7bn of alternative credit/private debt strategies across different (external) investment mandates. The goal is to grow the size of the Alternative Credits portfolio and to provide our clients access to a well-diversified portfolio across the following sub strategy segments: 1) Specialty Finance, 2) Private Corporate Credit, 3) Private Structured Credit, 4) Direct Lending, 5) Non-performing loans, and 6) Distressed debt & Special situations. Alternative Credits is an integral part of the investment department Credits that manages approximately EUR69bn globally (43 investment professionals based in Amsterdam and New York) where a continuous dialogue takes place between portfolio managers (including Alternative Credits) to optimize investment decisions, portfolio construction, and relative value assessment. You will report to the Head of Alternative Credits.
As a Junior Portfolio Manager Alternative Credits, you will play an important role to achieve our ambitious growth and performance targets. Initially you will take the lead in the further development and maintenance of the internal portfolio monitoring, analytics, and reporting platform, which makes extensive use of portfolio data from our external managers. You may also be required to act as a liaison between the Alternative Credits team and external managers to fulfill the internal informational and reporting demands. Additionally, you will perform quantitative and qualitative analysis and help developing and maintaining tools to improve the performance measurement/attribution, risk management, portfolio analytics, and portfolio reporting of the Alternative Credits portfolio. Finally, you will support the senior portfolio managers in the analysis and execution of (external) investment mandates, which provides a steep learning path into external manager selection. The position offers the possibility to grow into the role of a portfolio manager Alternative Credits.
This is an exciting opportunity for an ambitious individual who wants to make the next step in their career and help to develop Alternative Credits to the next level.
Main Duties and Responsibilities
Academic and Professional Qualifications
Compensation: Based on experience.
If interested, please send your resume and cover letter (including compensation expectations) to firstname.lastname@example.org
APG Asset Management US Inc. (APG) is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of race, color, creed, religion, ancestry, age, sex, gender identity, gender expression, marital status, national origin, disability or handicap, veteran status, sexual orientation or any other classification protected by applicable law.