Investment Analyst, Hedge Funds & Fixed Income (W.K. Kellogg Foundation)

Clubb Search is conducting this search on behalf of the W.K. Kellogg Foundation (WKKF). Reports to: Reginald Sanders, Managing Director, Hedge Funds & Fixed Income Location: Battle Creek, MI or Flexible Work Program eligible Travel: Normally 10%–20% of the time JOB PURPOSE In support of WKKF's mission and vision, the Kellogg Foundation Investment Office (KFIO) stewards the assets of the W.K. Kellogg Foundation Trust (WKKFT), with a long-term focus on preserving purchasing power and providing financial resources to support the Foundation and its mission. Reporting to the Managing Director – Hedge Funds & Fixed Income, the Investment Analyst supports the evaluation, monitoring, and execution of investment decisions across the hedge funds and fixed income asset classes. KEY ACCOUNTABILITIES • Asset class knowledge: Support senior investment team members in executing the long-term investment strategies and goals of the asset classes. • Manager knowledge and relationships: Develop and maintain a database of qualitative and quantitative information on external managers. Conduct analysis to identify best-in-class managers via asset class benchmarking. Through apprenticeship with senior staff, build strong relationships with existing and prospective managers, consultants, and other third parties. • Investment opportunity analysis and execution: Support investment, risk, legal, and operational due diligence to identify and recommend managers most likely to deliver the highest risk-adjusted excess returns. Clearly articulate investment merits and concerns. Help coordinate with managers, accountants, custodian, legal, and outside consultants to close approved investments. • Portfolio monitoring: Recurring reviews, ad-hoc analyses, periodic site visits, and documenting the work in KFIO's systems. • Portfolio reporting: Assist with performance measurement and reporting to the custodian, Trustee, and other parties. • People leadership: Exhibit WKKF's core values of diversity and inclusion, intercultural awareness, openness, collaboration, and stewardship. • Organization building: Thematic research on cross-asset themes (e.g., artificial intelligence, inflation, risk management) and recommending improvements to the team's processes, tools, and technology. • Other duties or special projects as assigned. EDUCATION AND EXPERIENCE WKKF recognizes that no candidate is likely to meet every preferred qualification and encourages candidates with transferable skills and the capacity to grow into the role. • Undergraduate degree required. 1–5 years' practical work experience or equivalent (including internships) with an investments and/or finance emphasis preferred. • Good understanding of equity and/or fixed income markets; FactSet and Bloomberg experience preferred. • Progress toward the CFA designation preferred. • Experience working effectively with people from diverse cultural, social, and ethnic backgrounds. CORE CAPABILITIES • Interest in developing asset class investment experience and eagerness to learn modern portfolio and alternative asset allocation theory. • Willingness to test your own judgment by seeking feedback and incorporating it into future decisions. • Ability to marshal evidence and develop sound judgment on the merits and weaknesses of investment opportunities. • Strong technical and statistical skills (or willingness to learn), including PowerPoint and advanced Excel. • Ability to use LLMs and coding tools to complement — not replace — critical thinking. • Strong written and verbal communication, including investment memos and manager meetings. • Team player who can also complete assignments independently and on time. • High ethical standards and commitment to WKKFT's fiduciary responsibilities; ability to make high-quality decisions under uncertainty. • Demonstrated commitment to equity, inclusion, and impact. DESIRED QUALITIES Alignment with WKKF values, intercultural competence, openness and self-awareness, humility, conflict competence, systems thinking, collaboration and trust building, change competence, accountability and results orientation. SEARCH TEAM Aaron M. Clubb, Managing Partner — aaron@clubbsearch.com Noble Madu, Partner — noble@clubbsearch.com