Purpose. Performance. People.
Joining CPP Investments means joining one of the world’s most admired and respected institutional investors to drive a single mandate: to deliver strong, sustainable returns for generations of Canadians. With a long‑term horizon and global reach, we deploy capital at scale across public and private markets. Our size, stability, and disciplined investment philosophy allow us to pursue complex opportunities and build enduring partnerships worldwide. For our people, this means meaningful work with tangible impact, real opportunity, and collaboration with exceptional colleagues who value partnership and performance.
Role Summary
The Managing Director, Listed Real Estate, plays a leadership role in making investment decisions within global listed real estate securities by leveraging deep domain expertise across property sectors, markets, and regions. Responsibilities include generating investment ideas, conducting fundamental research, assessing investment opportunities, exercising investment judgement to make (or recommend) investment decisions, executing transactions, monitoring portfolio holdings, and managing the portfolio within established risk guidelines. The role also involves developing and managing relationships with company management teams, industry experts, sell‑side analysts, and banking partners. We are seeking a high‑performing Equity Analyst / Portfolio Manager to join our Listed Real Estate team. The position entails rigorous fundamental analysis, deep valuation expertise, and the chance to directly influence portfolio construction and investment decisions.
Accountabilities
- Conduct detailed fundamental research and financial modelling to evaluate investment opportunities in the listed real‑estate universe.
- Undertake company‑level valuation analysis using long‑term cash flow forecasts and relative‑value frameworks.
- Identify causes of dislocations and catalysts for value crystallization.
- Monitor industry trends, market dynamics, and company‑specific events to inform investment strategy and recommendations.
- Produce high‑quality investment memos and updates for internal committees.
- Plan and execute fundamental research, triage ideas, define investment thesis, and ensure analytical rigor of research insights.
- Make (or recommend) investment decisions (entry and exit) by synthesizing thesis, insights, evidence, reward, and risk.
- Manage portfolio within mandate guidelines, making construction and risk‑management decisions and ensuring relative‑value trade‑offs.
- Build and maintain relationships with company management teams, industry experts, sell‑side analysts, and banking partners.
- Collaborate with colleagues across Private Infrastructure, Active Equities, and Listed Real Assets to develop cross‑platform insights.
Qualifications
- Undergraduate degree or college diploma in a relevant field.
- Advanced degree or certification (e.g., CFA) is an asset.
- Significant equity research or investment experience with buy‑side coverage of listed real‑estate in North America, the UK, and Europe.
- Strong track record of delivering investment returns above benchmark.
- Proven strength in financial modelling, accounting, and equity valuation techniques.
- High intellectual curiosity with the ability to filter noise and focus on key drivers.
- Adaptability to a structured process and openness to learning and applying the team’s valuation and investment framework.
- Demonstrated humility, collaboration, and a willingness to support team goals.
- Excellent analytical and communication skills, with the confidence to express ideas clearly and constructively.
Inclusion & Accessibility
CPP Investments is committed to equitable access to employment and building a workforce that reflects diverse talent and perspectives. If you require accommodation at any stage of the recruitment process, please let us know and we will work with you to meet your needs.
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