Associate, Investments - Trans-Canada Capital
Air Canada
- Location
- MONTREAL, QUEBEC, CANADA
- Employment
- Full Time
- Work model
- On-Site
- Level
- Entry
- Posted
- 4h ago
Skills
About this role
Trans-Canada Capital (TCC) is an asset management firm specializing in innovative investment strategies for institutional investors. Since 2009, the team has successfully managed the pension assets of Air Canada, one of the largest corporate pension plans in the country. Over the years, we have earned an enviable reputation by generating superior returns through strategies focusing on alpha generation in a rigorous risk-controlled framework. With C$30 billion in assets under management (inclusive of leverage), more than 100 investment professionals based in Montreal and Toronto, and a complete range of alternative solutions, TCC is well positioned to meet the needs of institutional investors seeking steady returns.
Few roles at this level offer exposure across both public and private markets. This generalist position covers private market funds, hedge funds, public equities, and co-investments, providing the Associate with exposure to a wide range of investment strategies, manager types, and asset classes. TCC operates with a lean, entrepreneurial team structure, giving the Associate real ownership and work directly alongside senior investment professionals.
Reporting to the Senior Director, Equity and Alternative Investments, the Associate will contribute across TCC's externally managed portfolios, supporting the team on private market funds, hedge fund strategies, public equity strategies, and selective co-investments. The role is generalist, combining rigorous quantitative and qualitative analysis with active relationship management. The successful candidate will be expected to manage their workload with autonomy, exercise sound judgment, and bring the discipline and initiative to drive work forward.
Responsibilities
• Maintain and improve portfolio monitoring reports and tools across externally managed public and private market fund exposures, analyzing performance, attribution, and risk, and delivering clear, actionable insights to the investment team.
• Support the screening and prioritization of fund opportunities across private markets, hedge funds and public equity; run initial quantitative screens with senior guidance and maintain structured peer groups for comparative analysis.
• Support due diligence on external funds and co-investments, covering investment processes, risk frameworks and terms, including:• track record analysis (attribution, risk-adjusted metrics, factor and style exposure) and judgment of statistical reliability given sample length, return frequency, valuation lag and peer-universe construction;
• private market cash flow modeling and quantitative peer mapping;
• single-asset co-investment underwriting, including pressure-testing the sponsor's financial model.
• Conduct market research and monitor macroeconomic and sector developments, contributing thematic investment ideas across asset classes.
• Contribute to the preparation of investment memos, research notes, and