Our client is a global asset manager with more than £430bn AUM. In a revamp of their active equity business they developed an absolute return large cap global multi-asset product. The fund has a bias towards global equities and investments have a 3-5 year investment horizon. It is a high-conviction long-only portfolio that takes sizeable stakes in companies and works closely with management.
Blackwood worked closely with the Head of Global Equities. This was a new team build (of 10 people) and the desire was to find candidates from the following candidate pools: consultants, private equity investors, public market investors and individuals from industry. The experience ranges was 5 to 15 years of experience.
Our ‘One P&L’ approach differentiates us from our competitors and in this instance enabled us to capitalise on the knowledge and experience of colleagues across all sectors, including private equity, consulting, investment banking and the corporate world. The search later extended to include candidates with existing public markets investing experience.
The first stage of the process was to provide a map of potential candidates looking to move from the above sectors into public markets. The focus was less on background and more seeking to identify candidates with an independent mind-set combined with a strong fundamental, deep-dive and analytical skill-set.
The second stage of the process was to provide a map of existing public market investors with experience of investing in such a highly concentrated way. Additionally, candidates needed to have strong communication skills to support the head of the team in marketing the fund.
A mix of global analysts and portfolio managers were hired. One candidate relocated from New York.