Discretionary Portfolio Manager

hermeneutic Investments; Hong Kong; On-site; HKD 1,800,000 - 3,200,000; Full time

Job summary

hermeneutic research is seeking an exceptional portfolio manager to build and manage a discretionary trading portfolio across digital asset markets. You will have extensive support and resources to scale your investment approach, aligning with the firm’s alpha generation and risk management framework.

The role offers ownership across the investment lifecycle—from idea generation to trade execution and risk management—while requiring a proven track record in crypto-native trading and strong

Qualifications

• A degree in Finance, Economics, Mathematics, or a related field.
• At least 5 years of trading or investment experience, ideally in a hedge fund or crypto-native firm.
• Proven track record of returns in digital asset markets with data available for review.

Responsibilities

• Develop, manage, and refine a discretionary trading strategy across digital asset markets.
• Identify and evaluate compelling investment and trading opportunities through fundamental, macro, and market-structure analysis.
• Translate investment views into portfolio positions with position sizing, trade execution, and risk management responsibilities.
• Maintain a disciplined investment process and adapt positioning as market conditions and risk-reward dynamics evolve.
• Collaborate with researchers, traders, and engineers to leverage research, data, and technology for idea generation and execution.
• Take ownership of portfolio performance and aim for consistent, risk-adjusted returns within the firm's risk framework.

Skills

Portfolio management

Risk management

Discretionary trading

Capital allocation

Digital assets knowledge

Education

Degree in Finance, Economics, Mathematics

Job description

Company Overview

hermeneutic research is a best-in-class proprietary trading firm. It deploys research-driven discretionary and systematic strategies as well as makes strategic long-term investments. The partners' decade-long history of success in trading and business building and a firm-wide cultural emphasis on alpha generation, open debate, relentless iteration, and teamwork are key to the firm's continued expansion in a challenging market environment that has hamstrung competitors. A hard-wired emphasis on risk management and opportunistic market participation ensures that hermeneutic research will continue its growth trajectory in the coming decades.

Company Overview

hermeneutic research is a best-in-class proprietary trading firm. It deploys research-driven discretionary and systematic strategies as well as makes strategic long-term investments. The partners' decade-long history of success in trading and business building and a firm-wide cultural emphasis on alpha generation, open debate, relentless iteration, and teamwork are key to the firm's continued expansion in a challenging market environment that has hamstrung competitors. A hard-wired emphasis on risk management and opportunistic market participation ensures that hermeneutic research will continue its growth trajectory in the coming decades.

Job Overview

As an exceptional portfolio manager with a demonstrable track record, you will build and manage a discretionary trading portfolio focused on identifying and capitalizing on compelling opportunities across digital asset markets.

You will have extensive support and resources at your disposal to develop and scale your investment approach. hermeneutic's diversified trading business, deep market expertise, and robust technology and research infrastructure provide a strong foundation for discretionary portfolio managers to generate differentiated returns.

This role offers significant ownership across the full investment lifecycle, from idea generation and fundamental and macro analysis through portfolio construction, trade execution, and risk management. You will combine strong market judgment with disciplined risk-taking to identify asymmetric opportunities and deliver consistent, risk-adjusted performance across different market environments.

Key Responsibilities

• Develop, manage, and continually refine a discretionary trading strategy across digital asset markets
• Identify and evaluate compelling investment and trading opportunities through fundamental, macro, market structure, and other relevant analysis
• Translate investment views into portfolio positions, with responsibility for position sizing, trade execution, and risk management
• Maintain a disciplined investment process and adapt positioning as market conditions, catalysts, and risk/reward dynamics evolve
• Collaborate with researchers, traders, and engineers to leverage the firm's research, data, and technology capabilities in support of idea generation and execution
• Take ownership of portfolio performance, with a focus on generating consistent, risk-adjusted returns while operating within the firm's risk framework

Requirements

Must‑Haves

• A degree in Finance, Economics, Mathematics, or a related field
• At least 5 years of relevant trading or investment experience, ideally in a hedge fund or crypto-native trading firm
• A proven track record of generating returns in digital asset markets, with historical performance data available for review
• Strong risk-adjusted performance, with a clear understanding of volatility, drawdowns, and capital preservation
• Experience independently managing capital, including portfolio construction, position sizing, and investment decision-making
• Strong understanding of digital asset markets and the key drivers of performance and risk

Preferred Qualifications

• Prior TradFi experience, particularly managing capital at a hedge fund or other institutional investment firm

Interview Process

• CV Screening - We will review your application based on the qualifications and experience outlined above
• HR Interview - If further clarification is needed, a brief call may be scheduled to better understand your background
• Portfolio Manager Interview - A discussion of your investment experience, trading approach, and risk management
• CIO Interview - A concluding discussion to assess your capabilities, strategic thinking, and cultural fit

Company Values

Throughout the process, you'll be assessed for cultural fit through our company values:

• Drive - We believe the best team members are deeply passionate about what they do. That passion fuels their growth, drives them to seek out the best teams, and leads them to hold high expectations of themselves in pursuit of excellence
• Ownership - We aim to extend ownership as broadly as possible across the firm. In return, we value people who take initiative, step up when needed, and treat the company's goals as their own
• Judgment - We value those who see the big picture and focus on what truly drives impact and results. They use time wisely, adapt across domains, and always prioritize outcomes over comfort zones
• Openness - We foster a culture of open communication, mutual challenge, and shared growth. We believe constructive debate and proactive knowledge sharing lead us closer to the truth—and better decisions
• Competence - We work with people who bring exceptional intellectual strength. What sets them apart isn't just what they know—it's how they use what they know to navigate change, adapt quickly, and contribute meaningfully in fast-changing environments
• Resilience - We perform under pressure. Markets move fast, and so do we—but we stay grounded, focused, and calm. We embrace uncertainty, learn from setbacks, and adapt quickly without losing sight of long-term goals