Magnitude Capital, a dynamic alternative investment firm, is seeking a highly-motivated, experienced professional to support the Operational Due Diligence team to perform reviews on new and existing hedge fund investments. You will be working on identifying business and operational risks for hedge fund investments by performing detailed research on hedge fund managers’ people, policies, structure, operational processes, compliance matters, counterparties, service providers, and other key areas. This is a unique opportunity for you to expand your hedge fund industry knowledge, acquire market color on hedge fund policies and procedures, and work closely with senior hedge fund personnel internally and externally.
What you will do:
Help prioritize the top few operational and business risks for each manager, designing and implementing customized investigative processes and assessments to target those risks.
Perform detailed reviews of new and existing hedge fund investments.
Participate in and lead calls and in-person meetings with senior hedge fund personnel, service providers, and other related parties.
Review audited financial statements, regulatory filings, fund documents, and background checks.
Keep up-to-date on industry and manager-specific news.
Build and maintain relationships with hedge fund managers and service providers.
Report directly to the Head of Operational Due Diligence and work closely with other groups at the firm including the Investment Committee, Legal & Compliance, and Investor Relations.
Superior academic performance and 6-10 years of prior hedge fund experience in hedge fund prime brokerage, compliance, operational due diligence, operations, or other similar fields. Some direct experience in an operational due diligence role is a plus.
Strong analytical skills.
Exceptional interpersonal, written, and verbal communication skills.
Skepticism and intellectual curiosity.
Flexible to changing priorities and resilient.
Ability to process information quickly, such as in simultaneously conducting verbal interviews, considering responses, and identifying inconsistencies.
Ability to manage several processes and projects at the same time, with a no-task-too-small approach.
Ability to work well in a collaborative, team-oriented environment and work well independently.
About Magnitude Capital, LLC
Magnitude Capital was founded in 2002 by senior hedge fund portfolio managers and has become a top industry performer serving a diverse and growing institutional client base. We are a forty-something person team focused on building a world-class investment company through discipline, analytical rigor, and a results-oriented mindset.