The alternative investments group provides investors with investment and advisory solutions across private equity funds, real estate managers, hedge fund managers and traditional long-only managers. Investors are able to access opportunities through fund commitments, funds-of-funds investments, strategic partnerships, secondary-market investments, co-investments and seed capital investments.
The group includes over 250 professionals across 10 offices worldwide. Clients include sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations and family offices. Altogether AIMS invests or advises on over $80 billion of alternative investments through the AIMS Private Equity Group, AIMS Real Estate Investment Group, AIMS Hedge Fund Strategies and AIMS Global Manager Strategies programs.
According to research by global professional research services firm Towers Watson, assets managed by the top 100 alternative investment managers globally now exceed $3 trillion. Its Global Alternatives Survey, published in July, includes individual private equity and hedge funds and reveals that of the Top 100 alternative investment managers, real estate managers have the largest share of assets (35%, or $1.1 trillion) followed by private equity managers (22%, or $696 billion), hedge funds (21%, or $643bn), private equity fund of funds (PEFoF) (9%, or $288 billion), fund of hedge funds (FoHF) (6%, or $187 billion), infrastructure (4%, or $119 billion) and commodities (3%, or $101 billion).
The research also reveals pension fund assets represent a third of the top 100 alternative managers’ assets, followed by insurance companies, sovereign wealth funds, and endowments & foundations.
According to the report, North America continues to be the largest destination for alternative capital (48%) for these managers, with the exception of infrastructure where more capital is invested in Europe.
The research also ranks the fund managers by assets under management. CBRE Global Investors is the largest real estate manager, with $94 billion, and tops the overall rankings, knocking off last year’s leader Macquarie Group ($89 billion), which is still the largest infrastructure manager. The Carlyle Group is the largest private equity manager, ranked second overall at $91 billion, with AlpInvest Partners entering the table for the first time as the top private equity funds-of-funds manager with $41 billion. Goldman Sachs comes in an impressive fifth place with $78 billion assets under management for its private equity business.
Scroll down to see what Goldman Sachs is looking for in a candidate applying for a position within its AIMS group and if you like what you see maybe some of the above quoted figures will help in your research of the firm and the industry.
***Job of the Week***
Job Title: Alternative Investments and manager selection – risk management – vice president
Firm: Goldman Sachs, Alternative Investments & Manager Selection (AIMS) Group
Location: New York
Salary: Not disclosed
Job Description (as cited via Goldman Sachs website):
– Apply investment analytics and co-ordinate with portfolio implementation team to evaluate and monitor managers drawing from risk models, statistical analysis, fundamental holdings analysis and competitive peer group analysis.
– Provide risk analytics for client reporting requests.
– Prepare ad-hoc analytics for existing and potential managers.
– Research initiatives including the development of new analytic tools and methodologies to incorporate into the manager analysis and portfolio construction process.
– Work closely with managers and the portfolio implementation team to improve on the risk analytics and aggregate risks across managers at the portfolio level.
Qualifications/Experience (as cited via Goldman Sachs website):
• Highly motivated and enthusiastic individual.
• Excellent communication and interpersonal skills.
• Very detail oriented and meticulous.
• Highly organized individual able to manage multiple tasks in a fast-paced environment.
• Strong quantitative and statistical background and comfortable with statistical and time series analysis.
• Familiar with commercially available risk analytic tools such as Risk Metrics and knowledge of Bloomberg is a plus.
• Familiarity with financial instruments (particularly derivatives) and markets is a must.
• Previous risk management experience a plus
To apply please click here
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