Opportunity

Head of Alternatives & Hedging, Investment Management

West Midlands, flexible hybrid working

Lead diversification. Shape resilience. Deliver long-term outcomes.

This is a senior investment leadership role for an experienced alternatives and hedging specialist.

Reporting directly to the Chief Investment Officer, you will set the strategic direction for Alternatives and Hedging, design and evolve market-leading solutions, and lead a high-performing team responsible for research, portfolio construction, implementation, monitoring and first-line risk management.


The opportunity

You will:

  • Define strategy and vision
    Set the long-term direction for Alternatives and Hedging, ensuring alignment with regulatory expectations, government policy and Partner Fund objectives.

  • Design and evolve investment solutions
    Lead the development of liquid and semi-liquid alternatives and hedging strategies, including diversified growth, hedge funds, absolute return credit, insurance-linked securities and interest rate, inflation and currency hedging.

  • Own portfolio outcomes
    Provide senior oversight and decision-making across all portfolios, ensuring mandates are met, risks are understood and governance is robust.

  • Build and lead a best-in-class team
    Develop senior investment professionals, set clear expectations and foster a culture of accountability, collaboration and research-driven decision making.

  • Engage at the highest level
    Represent the function with Partner Funds, committees, government, regulators and the wider investment industry, communicating complex strategies with clarity and authority.

  • Champion strong controls and responsible investing
    Ensure a robust first-line risk and control environment, with effective ESG integration, transparent reporting and continuous improvement.


Who we’re looking for

You are a credible, decisive and respected investment leader with:

  • Significant senior-level experience in alternatives and/or hedging

  • A strong understanding of diversifying assets, hedging instruments and portfolio risk management

  • A proven track record of leading senior investment teams

  • Experience presenting to and advising institutional clients, boards or committees

  • Sound judgement, high professional standards and deep governance awareness

  • CFA (or equivalent) and the ability to meet regulatory Fitness and Propriety requirements


Why this role matters

This role will shape how diversification and risk management are delivered at scale, supporting long-term funding resilience and value for money for Partner Funds. You will influence portfolios, people and culture – and play a visible leadership role across the wider investment community.

To enquire about this role, please tell us a bit more about yourself by answering the questions below.


The purpose of these questions is to collect data to help measure the diversity of our candidates. This data will is confidential. The details given are kept separately from the information used in recruitment decisions. It will not be used in any way to influence recruitment decisions. The information is to be used for statistical purposes.