Full-Time
Associate Director Real Assets Quantitative Analyst
Cohen & Steers
201-500 employees
Global asset manager of real assets
Compensation Overview
$160k - $170k/yr
New York, NY, USA
Hybrid
Hybrid in NYC: 4 days in-office and 1 day remote per policy.
 Quantitative Finance (2) |
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- Minimum 3 years of relevant experience in quantitative research, systematic investing, or quantitative development.
- Advanced degree in a quantitative discipline or equivalent demonstrated expertise.
- Strong foundation in statistics, econometrics, optimization, and asset return modeling.
- Advanced working knowledge of investment theory and practice.
- Expert-level Python and SQL skills.
- Experience supporting live production investment models.
- Strong written and verbal communication skills.
- Demonstrates inclusive behaviors in support of a culture that values diverse perspectives
- Is able to abide by the firm’s hybrid work arrangement policy in New York City office (4 days in-office/1 day remote)
- Conduct quantitative and applied investment research to develop and enhance tactical and dynamic asset allocation signals for real assets.
- Contribute directly to portfolio construction, risk budgeting, and allocation decisions, including the use of Black‑Litterman–style and other optimization frameworks.
- Own and evolve risk models and scenario frameworks used to inform PM decision‑making.
- Manage ingestion and validation of S&P Xpressfeed, Bloomberg, Datastream, and internal datasets.
- Maintain and enhance Python backend code and API services with strong engineering discipline.
- Own daily production runs, monitoring, and issue resolution for a live dynamic allocation model.
- Support Angular and/or Power BI front-end components used by the PM.
- Clearly document methodologies, assumptions, and model changes.
- Exposure to real assets or multi-asset allocation strategies.
- Experience with S&P Xpressfeed market data.
- Angular, Power BI, SSRS or similar analytics front-end experience.
- Familiarity with hybrid on-prem / cloud infrastructure.
Cohen & Steers is a global investment manager that focuses on liquid real assets and income solutions. It manages investments in real estate securities, listed infrastructure, natural resource equities, preferred securities, and other income-generating assets. Its products revolve around building client portfolios from liquid, asset-backed securities and market-listed assets that provide income and potential for capital appreciation. The company operates through a network of offices in major financial centers worldwide, enabling research, trading, and client service across regions. Compared with competitors, Cohen & Steers emphasizes a specialist focus on real assets and income-oriented strategies, supported by decades of experience dating back to 1986 and a global, multi-market footprint. Its goal is to help clients access steady income streams and exposure to real asset markets through diversified, liquid investments.
Company Size
201-500
Company Stage
IPO
Headquarters
New York City, New York
Founded
1986
Simplify's Take
What believers are saying
- Net inflows across nearly all vehicles in Q4 2025 sustain AUM growth.
- Daniel Noonan promoted to Head of Global Distribution, expanding into Australia, Japan, Asia.
- Seth Laughlin appointed Head of Real Estate Strategy & Research on June 16, 2025.
What critics are saying
- Operating margin drops to 28% in Q4 2025 from higher G&A expenses.
- US REIT strategies return only 3.2%, driving client outflows from core AUM.
- Brian Heller replaces retiring Francis Poli as General Counsel in Q1 2027.
What makes Cohen & Steers unique
- Cohen & Steers specializes in real assets and alternative income strategies.
- Launched Infrastructure Opportunities Active ETF on December 10, 2025, targeting AI-driven power demand.
- Introduced Short Duration Preferred ETF for tax-efficient income from investment-grade securities.
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Benefits
Hybrid Work Options
Company News
Cohen & Steers has raised $120 million in a Series C round, with net income falling to $34.88 million despite revenue rising to $143.8 million in the fourth quarter of 2025. The specialist asset manager cited higher general and administrative costs for business development and talent acquisition as key drivers of compressed operating margins. Management maintained that net inflows continued and fee rates held steady, though the increased spending has pressured profitability. The company's share price has declined over the past year, lagging broader market performance. The investment case now hinges on whether elevated costs will translate into sustainable asset growth and fee stability, or simply reset the firm's earnings base lower. Some analysts estimate shares may be trading up to 31% below fair value at $72.33.
Cohen & Steers, an investment management firm, met Wall Street's revenue and earnings expectations in Q4 2025, reporting sales of $143.8 million, up 2.9% year on year. Non-GAAP profit reached $0.81 per share, in line with analyst estimates. Despite meeting forecasts, shares declined following the results due to significant margin compression. Operating margin fell to 28% from 35.3% in the prior year quarter, driven by higher general and administrative expenses related to business development and talent acquisition. The company reported net inflows across nearly all vehicles and launched five active ETFs during the year. Management highlighted geographic expansion, particularly in Australia, Japan and Asia, whilst noting that US REIT strategies underperformed, returning just 3.2%. Looking ahead, Cohen & Steers expects to benefit from investments in new strategies and distribution channels.
Investment management firm Cohen & Steers will announce earnings results Thursday. Analysts expect revenue to grow 2.4% year-on-year to $143.2 million, slowing from the 17.3% increase recorded in the same quarter last year. Adjusted earnings are projected at $0.81 per share. Last quarter, Cohen & Steers beat revenue expectations by 2.1%, reporting $141.7 million, up 6.4% year-on-year. The company has missed Wall Street's revenue estimates four times over the past two years. Analysts have generally reconfirmed their estimates over the last 30 days. Cohen & Steers shares have risen 8.5% over the past month, outperforming the capital markets segment, which remained flat. The average analyst price target stands at $72.33, compared to the current share price of $68.70.
Product & service launches - 12/11/2025. CAIS Advisors announces sports, media and entertainment fund; Magnifact introduces real-time annuity tracking at Revol One; Cohen & Steers launches 2 new ETFs; and more. CAIS Advisors announces Sports, Media, Entertainment Fund. CAIS Advisors LLC announced it will launch the CAIS Sports, Media and Entertainment Fund on January 2, 2026 or another date in early January. The fund, registered under the Investment Company Act of 1940, will provide accredited investors with access to sports, media and entertainment assets. CAIS will oversee portfolio management for the fund. According to CAIS' release, the fund aims to provide exposure to a portfolio that includes assets in franchises of the National Football League, National Basketball Association, Major League Baseball, National Hockey League and Major League Soccer; television companies; music catalogs; and live event properties. The firm has selected Arctos and Eldridge as core independent managers. The fund will offer investment minimums as low as $25,000 and the potential for semi-annual liquidity. Magnifact introduces real-time annuity tracking at Revol One. Magnifact LLC, an insurance technology company, announced the launch of its real-time annuity case-tracking feature at insurance provider Revol One Insurance Co., better known as Revol One Financial. The partnership leverages Magnifact's AgentVizion API Services platform, allowing Revol One's distribution partners instant access to pending annuity applications. Magnifact's release stated that the integration enables distributors and producers to reduce processing times, quickly address issues and accelerate the sales process. Cohen & Steers launches 2 new ETFs. Cohen & Steers Inc. announced the launch of the Cohen & Steers Infrastructure Opportunities Active ETF and the Cohen & Steers Short Duration Preferred and Income Active ETF, both of which began trading on the NYSE Arca on December 10. In making the announcement, the firm described the infrastructure opportunities exchange-traded fund as a "high-conviction, benchmark unconstrained, and actively managed portfolio of infrastructure companies with allocations to key secular growth opportunities such as rising power demand stemming from data growth and artificial intelligence." The short-duration preferred and income active ETF is designed to provide "tax-efficient income and total returns through short duration preferred securities with a focus on investment grade, institutional preferred securities." Cohen & Steers' announcement also stated that the company believes the ETF is a viable alternative to traditional short-term fixed income investments, allowing investors to both preserve or increase their current income levels while maintaining attractive credit quality. Guardian Life adds 2 new crediting strategies to index-linked annuity. The Guardian Life Insurance Co. of America added two new crediting strategies - Step Up Trigger Rate and Cap with Participation and Spread strategies - to its index-linked annuity, Guardian MarketPerform. According to a statement from Guardian Life, the cap rate with participation and spread strategy allows clients access to greater growth potential without paying a fee. The step-up trigger rate option is intended to give clients more predictability in their investment growth.
Cohen & Steers names business development chief; Newmark hire chases consulting business; Savills promotes legal executive. Cohen & Steers names global business chief; Newmark hire targets expanded consulting; Savills promotes top legal executive. Investment management firm Cohen & Steers promoted Daniel Noonan to head of global distribution, based at its New York headquarters. Noonan previously served as executive vice president and head of global wealth at the company, which has expanded over the years into several asset categories from its original focus on real estate. The company said Noonan will head all aspects of its global business development, client service and marketing. He joined Cohen & Steers in 2024 after executive roles at Nuveen, Pimco and State Street Global Advisors. Newmark appointed Yasmeen Coning as executive vice chairman in its occupier solutions advisory practice, as the company seeks to expand its nationwide consulting services for real estate clients. Coning, based in Newmark's New York office, has decades of experience advising Fortune 500 company executives and most recently led the Center of Excellence for Organizational Behavior & Design at Ogilvy Consulting. Savills promoted Julia Spivack to executive vice president and general counsel for its North America operations. She will oversee all legal services provided to the real estate services company, Savills said. Spivack, who joined Savills in 2022 and previously served as senior vice president and associate general counsel, is based in New York. Her two decades of legal industry experience include more than 15 years in the litigation group at Seward & Kissel, where she handled employment, compliance and commercial matters. New hires, promotions and other personnel changes. TruAmerica Multifamily said it promoted industry veterans Stella Pappas, Christopher Wei, Austen Mount and Stefan Long to new executive positions. Pappas is now executive managing director in investment management, and Wei is senior managing director of portfolio management. TruAmerica promoted Mount to managing director of operations and Long to senior director of fund and corporate accounting. The promotions followed an earlier round of C-suite appointments at Los Angeles-based TruAmerica, among the nation's largest apartment investment firms. Will Rogers joined real estate services firm NAI Earle Furman as an associate at Huff Creek Properties, a company division focused on timber and recreational land transactions. The company said Rogers is based in the Greenville, South Carolina, office of Huff Creek that serves clients in that state along with North Carolina and Georgia. Property services and technology provider Lessen named Chris Lyman as executive vice president of commercial sales and key accounts. Based in Chicago, Lyman will lead planned expansion of the Scottsdale, Arizona-based firm's commercial business, Lessen said. His career of more than 20 years includes serving as Americas leader and regional vice president of sales for the private equity practice at Salesforce. Alex Bender joined Los Angeles-based Ocean West Capital Partners as managing director of the real estate investment firm's recently established New York office. Bender has more than 15 years of industry experience, serving in prior roles at firms including Jamestown and SL Green Realty Corp. Brambleton, Virginia-based residential and mixed-use developer Knutson Cos. said it appointed Amy Friedlander as vice president of acquisitions as it seeks to expand its portfolio in the Washington, D.C., region. Friedlander served most recently as vice president of acquisitions at EYA and before that worked as a land use planner at Walsh, Colucci, Lubeley & Walsh. In this article. * Properties * 1166 Avenue of the Americas, New York, NY * Companies * Cohen & Steers Finance and Insurance * Newmark Real Estate * Savills Real Estate * TruAmerica Multifamily Real Estate * NAI Earle Furman LLC Real Estate * Contacts * Daniel Noonan Head of Global Distribution, Cohen & Steers * Yasmeen Coning Executive Vice Chairman, Newmark * Julia Spivack Executive Vice President and General Counsel, Savills * Stella Pappas Executive Managing Director Investment Management, TruAmerica Multifamily * Christopher Wei Senior Managing Director, Portfolio Management, TruAmerica Multifamily