Portfolio Manager - Agricultural & Soft Commodities

Caxton Associates LP; Greater London; Ibrido; GBP 250.000 - 500.000; Tempo pieno

Descrizione del lavoro

Caxton Associates LP seeks an experienced Portfolio Manager focusing on agricultural or soft-commodity markets. You will manage substantial capital, implement alpha-driven strategies, and work with a collaborative, research-driven team across global markets.

The role emphasizes risk discipline and deep market knowledge in a high-expectation hedge fund environment. The candidate will build crop/yield models, assess macro and supply-demand drivers, and translate insights into executable trades

Competenze

• Proven portfolio-management track record in hedge funds.
• Sharpe Ratio > 1.5 and capital-management experience.
• Deep expertise in agricultural or soft-commodities and related markets.
• Ability to build and validate crop/demand models and link to trades.
• Strong Python or equivalent quantitative skills and modelling.

Mansioni

• Independently manage significant capital with alpha-driven strategies.
• Construct portfolios with asymmetric returns and limited correlations.
• Implement robust risk management and monitor positions and exit criteria.
• Collaborate across a global investment team and communicate views clearly.
• Ensure strict compliance with regulations and internal controls.
• Model crop-year balances and analyze supply/demand dynamics for decisions.
• Assess liquidity, hedging, and market structure to inform trades.

Conoscenze

Portfolio management

Risk management

Python

Quantitative modelling

Collaborative teamwork

Descrizione del lavoro

Company Overview:

Caxton Associates, founded in 1983, is a global trading and investment firm with offices in London, New York, Singapore, Monaco, Dubai and Bengaluru. Caxton Associates’ primary business is to manage client and proprietary capital through multiple liquid global hedge fund disciplines. Our broad mandate allows us to trade across global markets and instruments, with a strong focus on alpha generation for our clients.

The Role:

Caxton Associates is seeking experienced Portfolio Managers specialising in one or more agricultural or soft-commodity markets (such as grains, oilseeds, sugar, coffee, cocoa or cotton).

In this role, you will be responsible for managing a significant capital allocation, implementing rigorous risk management, and contributing to our collaborative, research-driven environment. Within our organization, we place a high value on collaboration, promoting regular and ongoing discussions about global macroeconomic trends, geopolitical developments, and the evolution of financial markets. We seek out professionals who can generate unique insights within their investment universe, contribute to the firm’s broader strategic outlook, and leverage collective knowledge to generate alpha.

Key Responsibilities:

• Independently manage a significant capital allocation by creating, executing and monitoring an alpha-driven investment strategy informed by differentiated commodity-market views.
• Construct portfolios targeting asymmetric returns and limited correlation to traditional capital markets, translating fundamental research into appropriate instruments, spreads and risk exposures.
• Implement robust risk management, continuously assessing positions, investment theses, downside scenarios and exit criteria.
• Collaborate effectively across the global investment team, communicating evidence, assumptions and changes in market views.
• Ensure strict compliance with applicable regulations and internal risk controls.
• Build and challenge crop-year and marketing-year balances covering production, consumption, trade and stocks, reconciling official estimates, export inspections, crop surveys and revisions.
• Model acreage, yield, weather, crop development and regional seasonality with explicit uncertainty; analyse demand and substitution through feed, crush, biofuel or processing economics as relevant.
• Assess quality and origin differentials, freight, storage, export and policy constraints, harvest flows, commercial hedging, speculative positioning, exchange stocks and delivery mechanics; express views through basis, calendar spreads, processing margins, inter-commodity relationships or outright positions.

Requirements:

• Proven portfolio-management track record, strong investment acumen and a Sharpe Ratio greater than 1.5.
• A minimum of 5 years of experience managing capital, preferably within a hedge fund.
• Ability to thrive in a collaborative global team, with the highest standards of ethics and integrity and sound decisions under pressure.
• Deep expertise in a defined agricultural or soft-commodity complex, including physical supply chains, price formation, contract mechanics and relevant commercial behavior.
• Ability to independently build and validate crop or demand models, quantify forecast uncertainty and link balance-sheet revisions to executable trade decisions.
• Hands-on quantitative capability in Python or an equivalent language and strong spreadsheet modelling; ability to source, clean, test and explain data, assumptions and model limitations.
• Practical understanding of liquidity, positioning, execution costs, risk limits and the circumstances that would invalidate an investment thesis.

If you're an experienced portfolio manager passionate about collaboration and financial markets, we'd love to connect with you.