Description

We are seeking an experienced, highly motivated Portfolio Manager (Co-PM) to join our Active Fundamental Equity (AFE) team in Stamford, CT. This role will focus on the management of concentrated U.S. equity portfolios across both commingled funds and institutional separate accounts, using a disciplined, bottom-up fundamental research process. The position offers the opportunity to contribute directly to investment outcomes within a collaborative, research-driven investment platform serving internal and external clients.

The ideal candidate will have an undergraduate and/or graduate degree in finance, economics, business, or a related discipline (CFA designation strongly preferred) and a minimum of 10 years of relevant experience in active U.S. equity portfolio management or fundamental equity research. The successful candidate will demonstrate strong investment judgment, deep fundamental analysis skills, disciplined portfolio construction capabilities, and the ability to clearly articulate investment views to a broad range of internal and external stakeholders.

Key Responsibilities

• Serve as a co-portfolio manager on concentrated active U.S. equity strategies (growth and core funds), with shared responsibility for security selection, portfolio construction, risk management, and investment outcomes.
• Apply deep bottom-up fundamental research-including financial modeling, valuation analysis, competitive positioning, and industry structure-to generate differentiated investment insights and alpha.
• Participate actively in portfolio construction for concentrated portfolios, including position sizing, sector exposures, issuer concentration, and benchmark-relative risk management.
• Ensure portfolios are managed in line with stated investment objectives, risk guidelines, benchmarks, client-specific constraints, and applicable regulatory requirements, including 40 Act and RIC guidelines where relevant.
• Actively identify, monitor, and manage portfolio risks, including factor exposures, unintended concentrations, and downside scenarios.
• Collaborate closely with equity research analysts, sector teams, and fellow portfolio managers to debate ideas, refine investment theses, and improve investment decisions.
• Prepare and deliver clear, differentiated investment commentary on portfolio positioning, performance drivers, and market developments for internal and external stakeholders.
• Participate in portfolio discussions, portfolio/risk reviews , contributing judgment and constructive feedback.
• Support client, consultant, and distribution engagements by articulating the investment philosophy, process, performance, and positioning of concentrated equity strategies.
• Contribute to the ongoing enhancement of the AFE investment process, research framework, and portfolio construction discipline.

Minimum Requirements

• Bachelor's degree in Finance, Economics, Business, or a related field. MBA / MS or CFA designation preferred.
• Minimum 10 years of experience in active U.S. equity portfolio management, buy-side fundamental equity research, or a closely related role, with demonstrated success contributing to portfolio-level investment outcomes.
• Deep expertise in fundamental equity investing, including financial statement analysis, accounting judgment, valuation, and bottom-up company research across income statements, balance sheets, and cash flows.
• Strong understanding of portfolio construction, risk management, and performance attribution, ideally within concentrated equity portfolio structures.
• Excellent analytical and research capabilities, integrating qualitative insights with quantitative analysis to support differentiated investment decisions and sound judgment under uncertainty.
• Ability to synthesize information from multiple sources, challenge assumptions and consensus views, and apply independent judgment to improve investment outcomes.
• Strong written, verbal, and presentation communication skills, with the ability to clearly articulate portfolio positioning, performance drivers, and investment rationale to internal stakeholders, clients, and consultants.
• Demonstrated initiative, accountability, collaboration skills, high personal and professional integrity, sound judgment, and commitment to fiduciary responsibility.
• Proficiency in Microsoft Office applications (Excel, PowerPoint, Word, Copilot) and Bloomberg.

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.