The Opportunity

We are seeking an experienced investment leader to join our Hedge Funds & ILS (Insurance‑Linked Securities) team as a Director, Hedge Funds. This role offers a compelling opportunity to make an immediate impact on a large, sophisticated hedge fund platform while helping shape its continued evolution as market environments and opportunity sets change.

The Hedge Funds & ILS team manages over $11 billion in capital allocated to external managers across a broad range of strategies and global markets. As part of the Capital Markets department, the team plays a critical role in generating enhanced, diversified returns by partnering with external managers who bring differentiated expertise that complements Ontario Teachers’ internal investment capabilities.

This role is ideal for a senior investor with deep experience in Rates and Macro strategies, strong risk‑taking judgment, and the ability to lead portfolio decisions in dynamic and uncertain market conditions.

Who You’ll Work With

The Hedge Funds & ILS team consists of approximately 10 investment professionals based in Toronto and London, with a mandate to deliver absolute, uncorrelated returns that enhance diversification across the broader portfolio.

You will report directly to the Managing Director, Hedge Funds & ILS, and work within a collaborative decision‑making framework governing portfolio construction, capital allocation, and risk management. As part of a dynamic trading‑floor environment, you will interact daily with colleagues across Capital Markets, leveraging the expertise of more than 100 investment professionals across asset classes and regions.

What You’ll Do

• Play a key role in the active management of the total hedge fund portfolio, with primary responsibility for strategic thinking and positioning within Rates and Macro strategies.

• Be directly accountable for the performance and risk management of a portfolio of external hedge fund managers across strategies including Rates Relative Value, Macro, and Multi‑Strategy.

• Build and leverage your network of relationships to lead the origination of new managers that are accretive to the portfolio

• Develop and maintain a forward‑looking view of market opportunity sets, adjusting portfolio positioning as market environments evolve.

• Lead comprehensive investment and operational due diligence on external hedge fund managers, including negotiation of investment terms and coordination with internal partners across legal, compliance, risk, and operations.

• Monitor portfolio exposures, risk metrics, and P&L across individual managers, strategies, and the overall hedge fund portfolio.

• Contribute to the development of analytical tools and frameworks that support portfolio construction, risk analysis, and tactical investment decisions.

• Provide mentorship, guidance, and performance feedback to junior team members, fostering a collaborative and high‑performing investment culture.

• Contribute to the long‑term vision and strategic direction of the Hedge Funds & ILS platform.

• Build effective partnerships across Capital Markets and the broader organization to advance shared investment objectives.

What You’ll Bring

• A minimum of 8 years of relevant experience within an investment bank, asset manager, hedge fund, or fund‑of‑funds environment, ideally with direct exposure to portfolio management and risk taking.

• Deep expertise in Rates / Fixed Income and Macro strategies, both as asset classes and investment approaches.

• Proven ability to make risk‑adjusted investment decisions under uncertainty, balancing opportunity, precision, and timing.

• Broad understanding of the hedge fund landscape, including hedge fund strategies, portfolio theory, valuation, and risk management.

• Demonstrated investment track record with prior experience leading and developing junior staff.

• Strong quantitative, analytical, and modeling capabilities to assess risk and return drivers.

• Undergraduate or postgraduate degree in a relevant discipline such as economics, finance, business, engineering, or computer science, or equivalent experience

• Excellent written and verbal communication skills, with the ability to convey complex investment concepts to diverse audiences.

• Strong negotiation and relationship‑management skills.

• Willingness to travel globally as required.

What we’re offering

• Numerous opportunities for professional growth and development

• Comprehensive employer paid benefits coverage

• Retirement income through a defined benefit pension plan

• The opportunity to invest back into the fund through our Deferred Incentive Program

• A flexible work environment combining in office collaboration and remote working

• Competitive time off

• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year

• Employee discount programs including Edvantage and Perkopolis

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring.  We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves.  To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.

Accommodations are available upon request ([email protected]) for candidates with a disability taking part in the recruitment process and once hired.

Candidates must be legally entitled to work in the country where this role is located.

Ontario Teachers’ may use AI-based tools to assist in screening and assessing applicants for this position. These tools may help us identify candidates whose skills and experience align with Ontario Teachers’ objectives by analyzing information provided in resumes and applications. Our use of AI does not replace human decision-making.

To learn more about how Teachers’ uses AI with your personal information, please visit our Privacy Centre. 

Functional Areas:

Investments

Vacancy:

Current

6916

 

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