Portfolio Manager - Agricultural & Soft Commodities

Caxton Associates; Greater London; Sur place; GBP 180 000 - 300 000; Plein temps

Résumé du poste

Caxton Associates is seeking an experienced Portfolio Manager specializing in agricultural or soft-commodity markets to oversee a significant capital allocation. You will develop alpha-driven investment strategies, build portfolios and collaborate across a global team to translate research into actionable trades.

The role emphasizes rigorous risk management, adherence to regulatory standards, and ongoing analysis of crop cycles, demand, and market dynamics to generate alpha for our clients and

Qualifications

• 5+ years of capital-management experience, preferably in a hedge fund.
• Proven portfolio-management track record with a Sharpe ratio >1.5.
• Deep expertise in agricultural or soft-commodity markets.
• Strong Python or equivalent quantitative skills and Excel modelling.
• Ability to work in a collaborative global team.

Responsabilités

• Independently manage a significant capital allocation with alpha-driven investment strategies.
• Construct portfolios targeting asymmetric returns with limited correlation to traditional markets.
• Implement robust risk management across positions and scenarios.
• Collaborate with the global investment team and communicate market views.
• Ensure compliance with regulations and internal risk controls.
• Develop crop-year balances and analyze supply/demand factors to inform trades.

Connaissances

Portfolio management

Risk management

Quantitative analysis

Team collaboration

Outils

Python

Description du poste

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.