Investor Relations for offshore (India dedicated) fund, SMA, AIF3

Investor Relations for offshore (India dedicated) fund based out of Mauritius, an SMA and an Indian AIF3, investing in listed equities. Prime responsibilities would be pertaining to Offshore business (non-AIF 3) which accounts for 95% of the assets.

Job description :

1. Investor Servicing :

- Periodic updating and sharing of performance updates, presentations, exposures, attribution and other data with existing institutional investors and prospective investors of offshore fund, answering investor queries in coordination with consultants/administrators/COO, investment team.

- This includes audit confirmations, tax confirmations, ongoing diligence updates by filling diligence questionnaires of investors, offline or on online portals such as on Diligence Vault, and filling diligence questionnaires of Global Consultants such as Albourne, Cambridge Associates and other similar firms.

2. Subscriptions/redemptions and queries : Coordination with administrator of offshore fund primarily, and also RTA of AIF3, for subscriptions, redemptions, KYC, signing of side letters, as relevant.

3. Operational Due Diligence : Handling Operational Due Diligence with investor teams or institutional consultants; coordinating with internal teams for risk/investment diligence; preparing collateral for meetings; Setting up of data room for investors; Updating of due diligence questionnaires.

4. Side Letters : Working on side letters with institutional investors. The firm has already templates, but every investor has his own specific requirements. This would require coordination with along with the COO, CIO and lawyers from US, India, Mauritius to understand nuances of these clauses/country specific laws. Monitoring of side letters to avoid breach.

5. Investor Engagement : Organizing VC's, meetings and engaging with investors who visit Mumbai/Gurgaon along with the CIO and following up on next steps.

Functional Competencies : Conceptual understanding of various concepts such as pre-tax and post-tax returns, hurdle (hard/soft/relative), calculation of performance fee, fee reversals, drawdowns, holding analysis and attribution metrices of the Fund over time - market cap based and sector based, portfolio concentration. Understanding of various benchmarks, ADV, PE and other terms related to investment land scape are required to answer queries of investors.

Skills :

- Excellent written and verbal communication, self-driven, process oriented and organised with an eye for detail, able to process and remember numbers. Experience of having worked on Microsoft Excel and PowerPoint.

- The job involves coordinating with the CIO, COO, administrator, lawyers and investing team to answer queries of existing and prospective investors.

- The person should be capable of independently and logically answering larger number of regular/standard queries based on experience and by referring to firm database of past responses, side letters and ODDs.

- Other Ancillary functions not compulsory.

1. Regulatory Reporting : Knowledge of investor related US-regulatory reporting including ERA/ADV, Form D, FINRA Entitlement, Blue Sky and Edgar Filings.

2. Additional : Knowledge of structuring of new funds/structures in India or overseas, gift city.

3. Annual Investor Letters : Proof reading of bi-annual letters to investors.

4. Others : Depending on skill set, involvement in policy making, managing IT, Administration and HR functions.

Long Innings : The firm shares carry with mid and senior people over a longer time horizon - 3 years. The job is therefore suitable for people with a long-term mindset.

Who should apply :

Individuals with prior experience with :

- Funds especially offshore funds in IR domain,

- Institutional allocators with experience of ODDs,

- Product and ODD teams of wealth platforms,

- Cap-intro teams of institutions such as Goldman Sachs, Morgan Stanley, etc.

- Global compliance consultants such as Albourne, Cambridge Associates,

- Offshore third-party marketing firms having offices in India

Firm/Group Profile :

Offshore Business : Bowhead India Fund is a Mauritius based long only offshore fund investing in a concentrated portfolio of 15-20 companies with medium term to long-term view (2- 5 years). It manages money for several large and reputed global institutional investors such as global Endowments, foundations, large global family offices, FoFs and Outsourced CIOs based out of US/Europe/Hong Kong/Singapore. Larger pool of capital is from Institutional investors based out of the US. The group has recently set up an AIF 3 for catering to select large investors. The firm has top 1-2 percentile track record amongst all Indian Funds.

AUM : The Fund was launched in Dec 2019 with USD 600 thousand of assets. Current AUM ~ USD 400 Million with visibility of more than USD 500 million in the near future based on firm commitments.