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# Head of Investment Strategy with an Institutional Fund – Philadelphia, PA


Role Overview for Head of Investment Strategy with an Institutional Fund – Philadelphia, PA
JRG Partners has been exclusively retained by a prestigious, multi-billion dollar institutional fund located in the vibrant city of Philadelphia, PA, to lead the search for their next Head of Investment Strategy. This is a pivotal executive leadership position, reporting directly to the Chief Investment Officer (CIO), and serving as a critical member of the senior investment leadership team. The successful candidate will be the intellectual engine driving the fund’s entire investment philosophy, process, and portfolio construction.
This role is not merely about managing assets; it is about shaping the future of a mission-driven organization dedicated to long-term value creation and stability. As the Head of Investment Strategy, you will be entrusted with the immense responsibility of developing and implementing the strategic and tactical asset allocation frameworks that guide the fund’s capital.
You will lead a talented team of investment professionals, fostering a culture of rigorous analysis, intellectual honesty, and collaborative success. Your insights will directly influence decisions across a complex, global, multi-asset class portfolio, including public equities, fixed income, private equity, real estate, infrastructure, and alternative investments. We are seeking a visionary leader with a deep understanding of global capital markets, a proven track record of institutional portfolio management, and the gravitas to communicate complex strategies to a sophisticated board and key stakeholders.
Key Responsibilities of Head of Investment Strategy with an Institutional Fund – Philadelphia, PA
The Head of Investment Strategy will be accountable for a broad range of critical functions, including but not limited to:
Strategic and Tactical Asset Allocation
Lead the development, implementation, and ongoing oversight of the fund’s long-term strategic asset allocation policy. Conduct sophisticated asset-liability modeling (ALM) and stochastic modeling to ensure the portfolio is structured to meet its objectives. Develop and execute a disciplined framework for tactical asset allocation adjustments based on evolving market conditions and proprietary research.
Global Macroeconomic Research
Direct a world-class research effort to analyze global economic trends, monetary and fiscal policies, geopolitical events, and secular shifts. Formulate the fund’s official “house view” on capital markets, providing actionable insights that inform portfolio positioning and risk management across all asset classes.
Portfolio Construction and Management
Oversee the holistic construction of the total portfolio, ensuring that the combination of underlying strategies and managers aligns with the fund’s risk tolerance, liquidity needs, and long-term return targets as defined in the Investment Policy Statement (IPS).
Investment Committee Leadership
Serve as a key voting member and intellectual leader of the Investment Committee. Prepare and present comprehensive research, strategic recommendations, performance attribution analyses, and market outlooks. Foster an environment of constructive debate to ensure the best ideas are surfaced and rigorously vetted.
Manager Sourcing and Due Diligence
Collaborate with asset class heads to oversee the sourcing, evaluation, and selection of external asset managers across both public and private markets. Lead the final stages of investment and operational due diligence, ensuring that every partner meets the fund’s exacting standards.
Advanced Risk Management
Partner closely with the Chief Risk Officer to design and implement a robust risk management framework for the total portfolio. Utilize sophisticated tools for factor analysis, stress testing, and scenario modeling to identify, monitor, and mitigate unintended risks. Ensure the fund’s risk budget is allocated efficiently.
Team Leadership and Mentorship
Lead, manage, and mentor a team of investment strategists, economists, and analysts. Cultivate a high-performance culture grounded in intellectual curiosity, continuous learning, and accountability. Be responsible for talent development, performance reviews, and recruitment for the strategy team.
Stakeholder Communication and Reporting
Act as a primary voice for the investment office when communicating with the Board of Trustees, internal committees, and other key stakeholders. Clearly and concisely articulate the fund’s investment strategy, portfolio positioning, performance drivers, and market views in both written and verbal formats.
Thought Leadership and Innovation
Champion the continuous improvement of the fund’s investment process, analytical tools, and technology infrastructure. Stay at the forefront of investment theory and practice, bringing innovative ideas and strategies to the organization. Represent the fund at industry conferences and contribute to its reputation as a thought leader.
Requirements for the Head of Investment Strategy with an Institutional Fund – Philadelphia, PA
The ideal candidate will be an accomplished investment professional with a distinguished track record and the following qualifications:
Experience
A minimum of 15 years of progressive experience in institutional investment management, with at least 7 years in a senior leadership role focused on asset allocation, portfolio strategy, or macro research. Direct experience at a pension fund, endowment, foundation, sovereign wealth fund, or a large, sophisticated family office is strongly preferred.
Education and Credentials
An advanced degree in Finance, Economics, or a related quantitative field (MBA, MSF, MFE) is required. The CFA  charter holder designation is highly preferred and will be a significant differentiator.
Asset Class Expertise
Deep, demonstrable expertise across a broad range of global public and private asset classes, including but not limited to public equity, fixed income (rates, credit, structured products), private equity, venture capital, real estate, infrastructure, and hedge funds.
Quantitative Acumen
Superior quantitative and analytical skills with a proven ability to build, interpret, and communicate the results of complex financial models. A strong foundation in modern portfolio theory, econometrics, and statistical analysis is essential.
Leadership and Management Skills
A proven leader and mentor with a track record of building, managing, and inspiring high-caliber investment teams. Must possess high emotional intelligence, a collaborative spirit, and the ability to foster a positive and intellectually challenging work environment.
Communication and Presence
Exceptional communication, presentation, and interpersonal skills are non-negotiable. The candidate must possess executive presence and the ability to command a room, articulate a clear and compelling investment narrative, and build consensus among diverse and highly sophisticated stakeholders.
Strategic Mindset
A strategic and independent thinker with a long-term perspective, sound judgment, and the ability to make disciplined decisions under conditions of uncertainty. A passion for the markets and a deep-seated intellectual curiosity are paramount.
Benefits & Perks Offered
Our client offers a highly competitive executive compensation and benefits package designed to attract and retain top-tier talent. This includes:

A highly competitive executive compensation package, including a substantial base salary and a significant performance-based annual bonus.
Comprehensive, premium healthcare coverage for you and your eligible dependents, including medical, dental, and vision insurance.
A robust retirement savings plan, including a generous 401(k) company match and potential eligibility for other deferred compensation programs.
Generous paid time off (PTO), paid company holidays, and comprehensive parental leave policies to support a healthy work-life balance.
A dedicated annual budget for professional development, including industry conferences, executive education courses, and professional certifications.
Access to executive wellness programs, including confidential coaching, financial planning resources, and premium health resources.
A full relocation assistance package is available for exceptional candidates who are not local to the Philadelphia area.

How to Apply
JRG Partners is proud to be the exclusive retained search partner for this critical leadership mandate. We are committed to a confidential, thorough, and respectful search process.
If you are a visionary investment leader whose experience and passion align with the requirements of this unique opportunity, we strongly encourage you to apply. Please submit your confidential resume and a compelling cover letter detailing your qualifications and strategic vision for this role.
To learn more about our dedicated expertise in this sector, please explore our Investment Management recruiting practice. We appreciate your interest and look forward to connecting with you.