Portfolio Manager, Portfolio Management

Make an impact at a global and dynamic investment organization

When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians.

CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6 trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, São Paulo, and Sydney.

CPP Investments successfully attracts, selects, and retains talented individuals from top-tier institutions worldwide. Join our team for access to:

• Stimulating work in a fast-paced and intellectually challenging environment
• Accelerated exposure and responsibility
• Global career development opportunities
• Diverse and inspiring colleagues and approachable leaders
• A hybrid-flexible work environment with an emphasis on in-person collaboration
• A culture rooted in principles of integrity, partnership, and high performance
• An organization with an important social purpose that positively impacts lives

If you have a passion for performance, value a collegial and collaborative culture, and approach work with the highest integrity, invest your career here.

Reporting to a Managing Director within the Dynamic Portfolio Management group, the Portfolio Manager will support the management of Total Fund’s exposures across both strategic and tactical horizons. The role spans currency hedging activities and the management of tactical exposures, with an emphasis on currency portfolio management and effective implementation.

The Portfolio Manager will work closely with teams across TFM to design, evaluate, and implement robust frameworks for Total Fund currency management. While activities are underpinned by systematic, model-driven approaches, the role also involves the application of investment judgement in the management of exposures, including the assessment and execution of adjustments and overrides where appropriate. The role will also contribute to efforts to assess complementarities across strategic and tactical horizons.

• Contribute to the management of Total Fund currency exposures across both strategic hedging and tactical asset allocation horizons, ensuring alignment with intended exposures while delivering value-add.
• Partner with other TFM groups to design, evaluate, and evolve the strategic currency hedging framework.
• Design value-adding signals for tactical asset allocation, including currency strategies. Work collaboratively with the broader team on the research and implementation of systematic tactical signals and strategies.
• Support broader DPM activities, including the management of tactical positioning and strategic exposures.
• Apply investment judgement alongside model-driven insights in the management of exposures, including the assessment and implementation of adjustments and overrides within established governance frameworks.
• Contribute to the evolution of asset allocation frameworks by assessing interactions between strategic exposures and tactical positioning within a total portfolio context.
• Design portfolio modelling and monitoring frameworks to assess exposures, performance, and risk.
• Prepare and present analysis, recommendations, and updates to relevant internal committees and stakeholders.
• Contribute to cross-team initiatives and broader departmental projects as required.

• At least 7-10 years of relevant experience in portfolio management and/or quantitative macro research, ideally within a multi-asset or asset allocation context. Expertise across multiple asset classes, including currency, and a strong understanding of macro drivers of returns and cross-asset linkages are considered assets.
• Demonstrated experience independently developing systematic macro…