Investment Associate

Hiring Organization: 
The Wallace Foundation
City and State: 
New York, NY

The Wallace Foundation -- an independent, national, New York-based philanthropy with $1.75 billion in assets – traces its origins back more than half a century to DeWitt and Lila Acheson Wallace, founders of The Reader’s Digest Association. Our work is grounded by our core values, which guide how we work together, and our mission and approach, which describes what we do. We aim to create a workplace where we all can thrive and contribute in support of our mission.

Our Core Values

We seek to improve complex social systems in ways that are meaningful, measurable, and sustainable.  We value behavior that demonstrates a commitment to Mutual Respect and Support, Diversity, Continuous Learning, Collaboration, Excellence, and Accountability.

For more information on The Wallace Foundation, please visit

Office of Investments

The Office of Investments oversees an investment pool of approximately $1.75 billion as of December 31, 2020, broadly diversified across a range of asset classes.  The primary role of the Office is to advance the mission of the Foundation through ensuring we have the financial resources to support our grantees and fund our operations in perpetuity.

Under recent new leadership, the Office will take a fresh, creative approach to investing that is grounded in modern portfolio theory and based on a myriad of quantitative and qualitative factors.  Leveraging the expertise and judgment of the five-person Investment Committee, the Office will use its collective knowledge and extensive network to generate superior investment performance and be a true thought leader among its peers. 

The Foundation’s assets are invested in public securities, including U.S. and non-U.S. equity and fixed income securities, and private investments including private equity, venture capital and real assets.  The assets are invested by external investment managers through separate accounts or commingled vehicles, including funds, trusts and limited partnerships.

The current professional staff includes the Chief Investment Officer, Managing Director, and Senior Investment Officer.  The team is looking for an outstanding individual to fill an Investment Associate role based in New York City.  The Investment Associate will work with the Chief Investment Officer and the entire team in managing a sophisticated institutional portfolio, spanning all asset classes, in both the public and private markets. 


The Investment Associate is responsible for supporting the Office of Investments in a broad range of activities. This is a two-year, full-time position with an option for a third year.

The position responsibilities include, but are not limited, to:

  • Involvement in all steps of the investment review and decision-making process.  Create and present detailed portfolio analytics when completing underlying, bottoms-up due diligence on current or prospective public and private managers.  Assist in preparing written recommendations to the Investment Committee.
  • Initial fund reviews: responsible for assessing statistical performance and other key investment criteria on a broad range of fund managers including traditional equity and fixed income funds, hedge funds and private equity funds.  
  • Performance reporting: responsible for entering, reconciling and maintaining investment performance data across several systems and coordinating performance reporting with the Foundation’s Finance team.
  • Contribute to ongoing refinement of asset allocation framework and implementation of public and private portfolios including underlying stock, sector and geographic exposures as well as allocation among peer institutions.
  • Assistance in the preparation of monthly, quarterly and annual performance reports for Investment Committee and Board of Directors meetings.
  • Completion of annual surveys and other external requests for information.
  • Ensuring and maintaining proper documentation of our pipeline of opportunities, committee minutes, meeting notes, and legal documentation for institutional memory.
  • Representing the Foundation at conferences, meetings and the investment community at large.


First and foremost, successful candidates should have enthusiasm for and a keen interest in investments, asset management and advancing the Foundation’s mission. Candidates should also be excited to work as an integral member of a relatively small and close-knit team and willing to take on a broad range of tasks, as needed. 

  • Passion for investments and the interest to develop a continually expanding global network within the investment management community.
  • Outstanding academic credentials including a bachelor’s degree are required.
  • Some prior relevant business experience (investment or endowment experience preferred).
  • Excellent analytical skills, comfort with statistics and financial math and proficiency in Excel, PowerPoint and database software.
  • Willingness and ability to juggle numerous projects simultaneously, and respond to changing priorities.
  • Ability to complete assignments independently and on a timely basis.
  • Ability to work collaboratively as part of a team to accomplish broader goals and objectives.
  • Strong verbal and written communication and interpersonal skills. Ability to effectively interact with top investment managers and work with all constituencies, including Investment Committee members and sophisticated investment professionals.
  • Willingness to travel domestically and abroad.
  • A loyal, positive and consultative style that is additive to a collaborative, team-oriented organization, along with the highest level of integrity, intellectual capability and curiosity.


Salary is competitive and commensurate with experience.

Our benefits include:

  • Health, dental and vision for employee and covered dependents as of date of hire.
  • 403(b) Retirement Plan with employer contribution.
  • Generous Paid Time Off (PTO) and schedule of annual holidays.
  • Tuition reimbursement and professional development initiatives for growth.
  • Leaves of Absence providing employees time to manage personal or family responsibilities, recover from an illness or injury, or respond to civic duties.

The Wallace Foundation is an Equal Opportunity Employer, committed to maintaining a diverse workplace where differing perspectives are a source of strength.


The Wallace Foundation has retained the services of the Pinnacle Group to conduct this search.  Please direct all inquiries, nominations, and applications in confidence to Tyler McShane by email to

How to Apply: 
Please direct all inquiries, nominations, and applications in confidence to Tyler McShane by email to
Job Category: 
Publish date: