We are pleased to announce the launch of 10 new model managers, available for auto replication on Covestor Investment Management. These managers increase the variety of strategies available and each brings an exciting new dynamic to the platform.
The new models include William Davidson, a management professor, author and expert on emerging markets managing a emerging markets focussed model, Patrick Clark a career air force noncommissioned officer stationed in Germany, and Stephanie Sammons with 15+ years of wealth management experience, managing a low risk ETF focussed growth model. While all different, all are proven investors with a history of market outperformance, a consistent strategy and their own money leading the model.
To find out more visit the CVIM website or contact our head of client relations Bhargav Shivarthy at 646 257
2143.
Covestor Investment Management (CVIM) is hiring a VP Product based in our New York office.
We are looking for a senior professional to take ownership of an industry changing, web-based, consumer finance product. The VP Product will be responsible for setting the product strategy and roadmap and working with a Project Manager and team of engineers to successfully execute it. The VP Product will work closely with the CEO to refine the product strategy and achieve the Company’s core business objectives.
Specific responsibilities include:
Skills
This role is ideally suited for someone experienced in building world
class products and in shaping the direction of a highly disruptive web
based service. The candidate does not have to have a background in
financial services but will be able to operate in a fast paced start-up.
As the key member of a small team you will want to grow a financial
services company from the ground up. The right candidate will be self
motivated and hard working, adaptable to change, not afraid of
getting their hands dirty and working both with others and autonomously. Rather than being an institutional fund
provider, we are an internet business catering to clients that expect
greater control and transparency. We are looking for a candidate who
can reflect and communicate that ethos.
Key Competencies - Role Specific
Key Competencies - Generic
- Instinctual understanding of needs of financial consumers
- Excellent interpersonal, and relationship-management skills
- Ability to self-manage and work autonomously
- Drive and enthusiasm
Benefits of Role
Company Overvidew
Covestor Investment Management (CVIM), an SEC registered investment
advisor, offers its clients a better alternative to a mutual fund. It
provides a managed account service, previously only available to those
with millions of dollars invested with a wealth management firm, where
one can invest alongside any brilliant self-directed individual or
professional investor (www.cv.im)
CVIM is the transactional platform of Covestor (covestor.com) the
leading online real-trade sharing service that lets any committed
investor, individual or professional, build a track record, establish a
fund and benefit as if they were a professional money manager.
Covestor is led by a team with successful start-ups under their belt
and backgrounds from Amazon, Goldman Sachs, McKinsey and Microsoft. The
company is a venture backed start-up with offices in London and New
York.
To Apply
Applicants with relevant experience should send their resume to jobs1009 [at] covestor.com
Please do not apply if you are not eligible to work in the USA or unable to attend an interview in mid-town Manhattan, New York.
No agencies.
We are pleased to announce the addition of Eric Esterkin to the team at Covestor Investment Management. Eric is responsible for bringing great investors on to the CVIM platform to manage models, and for day-to-day support for the existing managers.
Eric joins CVIM from the financial services industry, having worked previously both in investment banking and asset management. He also publishes the popular Investeneur newsletter. Eric has an MBA from the University of Southern California.
We are actively recruiting top investors, both professional and individual, to join the Covestor Investment Management platform. If you feel you have what it takes, or have questions about what is involved get in touch with Eric directly. I am sure many of you will get to know him. We are delighted to have him on board.
We will be performing routine hardware maintenance tomorrow morning between 4:00am - 6:00am EDT
This maintenance work will not affect your account. During this work both www.cv.im and www.covestor.com will not be available. Apologies for the inconvenience. Feel free to contact us if you have any questions.
This maintenance work should take 10-20 minutes. During the maintenance www.covestor.com will not be available. We apologize for the inconvenience. Should you have any questions, please contact us.
We will be performing scheduled maintenance tonight between EDT 5:00pm - 8:00pm / GMT 9:00pm - 12:00pm.
A number of members have requested that we support a view of their portfolio performance including cash, and so the first phase in reflecting this has gone live on the site today. Although for the benefit of followers we have always displayed portfolio performance as if the member were fully invested (as institutional mutual funds do) , we know that many of our members make active asset allocation decisions with their cash. As such this addition should help better reflect the members' own performance.
The calculations for portfolio performance including cash still use Time Weighted Returns, rather than the Simple Return applied by the members broker. As we have written about previously on this blog, Time Weighted Returns are a better measure for comparison between individuals.
On the site you will see a new set of calculations, and an additional performance chart, that reflects the members exposure to cash (and cash equivalents). This is available on the members fact sheet via the drop down 'Cash and Equities', above the performance chart. You will also see an asset allocation chart on the members holding page. Cash includes both deposited cash as well as Money Market accounts and cash sitting in other currencies. We are applying a common interest rate to all cash instruments - the US 13 week treasury bill rate (IRX)
The first version of these changes on the site will only reflect performance including cash since 28th January of this year. From the middle of May we will be extending this, where available, to include up to 18 months of cash history. At that point we will also publish an additional set of rankings on the site (to show the best performing members when taking cash into account), and auto enable new members to have a view of performance with cash from inception.
There are a couple of disclaimers with the 'cash and equities' figures.We calculate the "Cash and Equities" performance by weighting the daily equity return with the daily cash return based on their respective daily balances. Since we cannot determine the exact time of day that new funds are available in your account we treat all funds as being available for the trading day that they are credited to your account. In some cases the funds may have been cleared outside trading hours and in those cases we may overestimate your exposure to cash for that day.
The cash and equities view is also not supported for all members. For some brokers, such as Fidelity Netbenefits, this data is not available, and if there are significant gaps in the data record from your broker your chart may not appear. Cash is not supported initially for members manually entering their trades.
For more information or help on the new figures check out the Cash Help Topic. We trust you will find this to be a valuable enhancement
We will be performing scheduled maintenance tomorrow morning at EDT 3:00am / GMT 8.00am.
This maintenance should take 30-45 minutes. During the maintenance www.covestor.com will not be available. We apologize for the inconvenience. Should you have any questions, please contact us.
If you hate average websites, have a designer's taste and a developer's skills, enjoy taking a vague idea and seeing it realized as a working site, are passionate about improving the Covestor user experience, as well as smart, creative and energetic, then you will enjoy working at Covestor!
Role
Front end developer / designer at Covestor.com (Central London, UK).
A full time office based role to help Covestor deliver its software projects to a high quality level.
Design web sites, modify existing pages, develop prototypes and integrate with our back end systems.
Work closely with the existing engineers and project manager to ensure deadlines are met.
Partially own the front end code base and suggest ways to improve its structure and modularity.
Attend bug review meetings where necessary and take ownership of front end bugs.
Experience / Skills
• 2+ years of recent design and development experience in a web
• environment - show us your sites.
• W3C CSS, HTML/XHTML, Javascript, optionally and ideally also ColdFusion.
• Familiarity with back end technologies such as SQL, so integrating web sites with them is smooth.
• Familiarity with development methods and how they apply in a light-weight, rapid turnaround engineering environment.
• Reasonable level of comfort with financial terms.
• Experience in a quality focussed organization.
Personal Attributes
• Design flair and excellent attention to detail.
• Enjoys technology and keeps up to date with the latest innovations.
• Good oral and written communication skills.
• Able to prioritise and work within tight time scales to meet deadlines.
• A self starter, able to make progress with minimal supervision.
• Can accept and act upon constructive criticism.
Covestor are seeking only passionate, energetic and ambitious individuals with the relevant experience, eligible to work in the UK and able to attend interviews in London.
Please reference URLs to examples of sites you have personally built and send your CV to jobs0409 [at] covestor.com
Please do not apply if you are not eligible to work in the UK or unable to attend an interview in London.
No agencies.