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Employer: California Public Employees’ Retirement System (CalPERS)
Our Global Fixed Income (GFI) group is currently seeking an Associate Investment Manager (AIM) to provide credit research analysis, portfolio recommendations, and drive our CalPERS mission.Duties include but are not limited to:Act as the subject matter expert and primary credit analyst responsible for credit investments in one or more of the primary industry sectors of the Corporate Bond Index (e.g, Banking, Insurance, Energy, Telecom, Media, Technology, Utilities, etc.). Develop investment frameworks for relevant industries and the analysis of issuers with complex capital structures. Provide fundamental credit research analysis of both cash flow and asset coverage as well as comparative assessment of market value within sectors; identify trends and changes in competitive positions within industries; develop models for analysis; including sensitivity analyses to assess pro forma and projected financial performance; and develop/support/ defend relative value corporate bond recommendations.Independently perform quantitative and qualitative analysis of risk and return for their companies to CalPERS’ Internal Credit Committee. Publish periodic company and industry overviews pertaining to the safety of current investments and future opportunities – making buy, sell or add recommendations.