Responsibilities

Portfolio Strategy & Asset Allocation

Top-down allocation: Define strategic and tactical asset allocation across public fixed-income sectors (e.g., government bonds, corporate credit, high-yield, emerging market debt).
Macro analysis: Analyze global macroeconomic trends, interest rate movements, central bank policies, and credit cycles to position the portfolio.
Risk budgeting: Allocate risk capital across different fixed-income styles, durations, and credit spectrums to optimize the risk-adjusted return.

Manager Selection & Due Diligence (Research)

Manager sourcing: Identify top-tier fixed-income managers, mutual funds, and institutional mandates globally.
Investment due diligence (IDD): Evaluate managers' investment philosophies, credit research capabilities, trading execution, historical performance, and consistency.
Operational due diligence (ODD): Assess the institutional framework of target funds, including risk controls, compliance, valuation policies, and infrastructure.
Fee negotiation: Leverage the large size of the FoF to negotiate institutional share classes, sub-advisory fees, or customized side letters.

Portfolio Construction & Implementation

Blending strategies: Combine complementary managers (e.g., pairing a macro-driven duration manager with a bottom-up credit picker) to minimize unwanted overlap.
Liquidity management: Ensure the FoF maintains adequate liquidity to meet investor redemptions, especially during fixed-income market stress.
Transition management: Oversee the efficient movement of capital when hiring or firing underlying fund managers to minimize transaction costs.

Risk Management & Monitoring

Performance attribution: Use tools like Barclays POINT, Aladdin, or Bloomberg to analyze which underlying managers are driving or dragging returns.
Exposure tracking: Monitor aggregated portfolio metrics including duration, convexity, credit rating breakdown, and country/currency exposures.
Style drift policing: Ensure underlying managers strictly adhere to their stated fixed-income mandates and risk limits.

Stakeholder Communication & Reporting

Client reporting: Prepare performance updates, market commentaries, and portfolio insights for institutional clients, boards, or internal investment committees.
Investment committee presentation: Write formal investment memos and pitch new manager recommendations to the firm's leadership.

Requirements

Bachelor's degree holder from a globally recognised university
CFA would be strongly preferred
At least 6-8 years of relevant experience in Fund of Funds (FOFs) investment or fixed income
Global mandate experience is mandatory
Prior and current working experience in Hong Kong is required
Excellent command of English

Hybrid job Quant Development Analyst Programme job in Liechtenstein (1)

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