Managing Director, Head of External Partnerships, Public Equities in Calgary

AIMCo’s Public Equities team is seeking a Managing Director, Head of External Partnerships to lead our externally managed investment strategies. External Partnerships is a key component of the Public Equities platform, complementing AIMCo’s internally managed active equity strategies in delivering against shared risk and return objectives. The mandate spans globally deployed equity and absolute return strategies, with a focus on identifying high-quality external managers and determining where external strategies can enhance the overall portfolio.

Key Responsibilities

• Investment Management & Portfolio Construction: Lead the sourcing, evaluation, underwriting and ongoing oversight of external managers across equity and absolute return strategies. Oversee portfolio construction and capital allocation, ensuring external strategies contribute effectively to Public Equities’ overall risk and return objectives. Evaluate investment strategies, performance, risk exposures and sources of investment edge using rigorous quantitative and qualitative analysis. Lead recommendations related to manager selection, sizing, redemption and termination. Assess external strategies in the context of AIMCo’s internally managed exposures and broader portfolio objectives.
• Commercial & Relationship Management: Lead negotiations related to investment management agreements, fee structures, commercial terms and governance arrangements. Build and maintain relationships with leading external managers and investment partners globally. Represent AIMCo with external managers, industry peers, clients and other stakeholders.
• Leadership & Collaboration: Lead and develop a high-performing team of investment professionals, fostering a culture of collaboration, intellectual curiosity and accountability. Partner closely with Public Equities leadership and internal investment teams to share market intelligence, manager insights and investment perspectives. Contribute to the strategic direction and continued evolution of AIMCo’s Public Equities platform. Partner effectively across AIMCo to support strong investment governance and client outcomes.

Qualifications

• Minimum of 15 years of institutional asset management experience, with significant experience selecting, underwriting and overseeing external investment managers.
• Deep expertise across externally managed equity strategies, including long-only and short-extension strategies, as well as absolute return strategies.
• Strong understanding of hedge fund and equity investment approaches, including their underlying risk and return drivers.
• Demonstrated track record of manager selection, sizing, capital allocation and termination decisions.
• Strong quantitative capabilities applied to manager evaluation, portfolio construction and investment risk management.
• Significant experience negotiating investment management fees, commercial terms and governance arrangements.
• Demonstrated experience leading and developing investment professionals.
• Strong academic background; CFA, CAIA, MBA or another relevant professional designation or advanced degree is strongly preferred.
• Ability and willingness to travel internationally as required.

This role is based in Calgary, Alberta. Final candidates will be asked to undergo a security screening, which includes a credit bureau and a criminal record investigation, the results of which must be acceptable to AIMCo.

Key Skills & Competencies

• Exceptional investment judgment and analytical capability.
• Strategic and commercially minded approach to investment decision-making.
• Strong negotiation and relationship management skills.
• Executive presence with the ability to represent AIMCo effectively with sophisticated external partners and senior stakeholders.
• Collaborative leadership style and ability to influence across investment teams.
• Ability to exercise sound judgment and make timely decisions in complex investment environments.
• High degree of integrity, accountability and professionalism.

At AIMCo, we draw upon the differences in who we are, where we come from and the way we think to deliver results for the Albertans who rely on us. We offer an inclusive, modern workplace where well-being is prioritized, and colleagues are enabled to do their best work. Our team members are motivated by our purpose and committed to creating long-term value for our clients and their beneficiaries. If you are a purpose-driven, high-achiever excited by the prospect of working in a dynamic industry, you’ll enjoy your career with us!

About AIMCo

Alberta Investment Management Corporation (AIMCo) is one of Canada’s largest and most diversified institutional investment managers with more than CAN$194.7 billion of assets under management. AIMCo invests globally on behalf of multiple pension, endowment, insurance and government funds in the Province of Alberta. AIMCo prioritizes results and outcomes through a flexible, hybrid approach to work. We are looking for proven achievers, motivated to work in a collaborative environment to help our clients secure a better financial future for the Albertans they serve.