Investment Analyst, DUMAC

Investment Analyst, DUMAC

DUMAC, Inc. is the investment office managing approximately $27 billion in assets for Duke University, Duke Health System, the Duke Employees Retirement Plan, and The Duke Endowment. DUMAC uses a long-term, global investment strategy across asset classes such as equities, fixed income, hedge funds, commodities, venture capital, private equity, and real estate. Its long-term performance consistently ranks among the best in its peer group.

Located in downtown Durham, North Carolinajust minutes from Duke UniversityDUMAC is part of the vibrant and growing Raleigh-Durham metro area, one of the nation's top-ranked regions for quality of life and innovation.

Role Overview

Investment Analysts are key members of the investment team. They participate in all stages of the investment processfrom sourcing and evaluating opportunities through ongoing portfolio management. Analysts collaborate directly with senior leadership and gain broad exposure to diverse asset classes and strategies.

Responsibilities

• Identify, evaluate, and monitor investment opportunities across global asset classes.
• Conduct qualitative and quantitative analyses to assess risk, return, and performance.
• Support decisions regarding asset allocation within DUMAC's portfolio.
• Maintain and update internal investment databases and analytics.
• Assist the Chief Investment Officer and team with investment presentations and written recommendations.
• Independently research markets, strategies, and emerging investment opportunities.

Why This Role Is Unique

• Broad Exposure: Analysts on the Public Team work across multiple asset classes, including equities, hedge funds, fixed income, and commodities.
• World-Class Access: Regular interaction with leading global investment managersoffering insights into cutting-edge strategies.
• Early Responsibility: DUMAC's flat structure provides analysts meaningful responsibility and opportunities to lead projects early.
• Collegial Culture: Analysts are encouraged to pursue independent research and share perspectives across the team.
• Professional Development:
  • Structured three-year analyst program offering deep learning in asset management.
  • Full financial support for Chartered Financial Analyst (CFA) exam preparation.

What Makes Endowment Investing Distinctive

• Infinite time horizon: Enables long-term investing without short-term constraints.
• Flexibility: Capacity to take contrarian positions and accept near-term volatility.
• Exposure to alternatives: Greater access to illiquid investments that drive higher potential returns.

Desired Qualifications

• Bachelor's degree (completed or expected by May 2026) with an excellent academic record.
• Strong analytical, research, and quantitative skills.
• Excellent written and verbal communication.
• Effective time management and ability to balance multiple priorities.
• Team-oriented mindset and collaborative working style.
• Integrity, professionalism, and discretion in handling confidential information.
• Comfort interacting with senior executives and investment professionals.
• Demonstrated passion for investing through internships, coursework, or personal initiatives.

Compensation & Benefits

Duke University offers a competitive total compensation package, including:

• Comprehensive medical, dental, and retirement benefits.
• Generous time-off and family-friendly programs.
• Career development and professional education support.

For detailed benefits information, visit hr.duke.edu/benefits.

Duke is an Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex (including pregnancy and pregnancy related conditions), sexual orientation or military status.

Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideasan exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.

Essential Physical Job Functions: Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.