Investment Research Associate - Macro

Michael Page International (HK) Ltd; Hong Kong Island; On-site; HKD 840,000 - 1,000,000; Full time

Job summary

Michael Page International (HK) Ltd. seeks an experienced Macro Research Associate to join a growing institutional platform in Hong Kong. You will work with the CIO on macro research, strategy development, and investor communications to generate actionable views across global markets.

The role emphasizes strong knowledge of macroeconomics, cross-asset investing, and portfolio construction. Mandarin and English fluency are required to engage with Mainland and international clients.

Qualifications

• Bachelor's degree or above in Finance, Economics, Accounting, Mathematics, or a related discipline.
• Minimum 5 years' experience in macro research, strategy, asset allocation, portfolio management, institutional sales, or investment consulting.
• Strong understanding of macroeconomics, financial markets, cross-asset investing, and portfolio construction.
• Solid knowledge of China's onshore securities brokerage industry, including market structure, regulatory framework, institutional client landscape, trading practices, and research ecosystem.
• Established relationships with Mainland securities firms, institutional sales teams, research departments, wealth management platforms, or institutional investors will be highly advantageous.
• Strong understanding of China's capital markets, including A-share equities, fixed income, wealth management products, and related investment channels.
• Demonstrated ability to convert macroeconomic and market insights into actionable investment recommendations.
• Eligible to satisfy SFC Responsible Officer competency requirements.
• Native or fluent Mandarin and English required.

Responsibilities

• Conduct in-depth macroeconomic research across key market drivers including economic growth, inflation, monetary policy, and liquidity conditions, covering both China and global markets.
• Develop, monitor, and enhance macro investment frameworks and signals that support asset allocation decisions across fixed income, equities, commodities, and other asset classes.
• Partner with the CIO in portfolio construction, asset allocation, and risk budgeting processes to ensure portfolio positioning remains aligned with macroeconomic views and investment objectives.
• Produce high-quality research publications, including monthly market commentaries, quarterly outlook reports, thematic research papers, and investor presentation materials.
• Monitor global economic developments, central bank policies, and market trends to identify investment opportunities and risks.
• Support investor meetings, fundraising activities, and client communications through the presentation of investment views and market insights.

Skills

Macro research

Financial markets

Cross-asset investing

Portfolio construction

Investment strategy

Data analysis

Education

Bachelor's degree in Finance or Economics

Job description

$840k - $1000k p.a. + profit sharing and bonus

We are seeking an experienced Macro Research Associate to join a growing institutional investment platform in Hong Kong. The role will work closely with the CIO on macroeconomic research, investment strategy development, portfolio construction, and investor communications. The successful candidate will play a key role in generating actionable macro views across global markets and supporting the management of diversified multi-asset portfolios.

Client Details

Our client is a newly established and rapidly growing macro hedge fund platform with approximately US$200 million in existing AUM. Backed by a highly experienced investment team drawn entirely from global top-tier hedge funds and prominent family office platforms, the firm combines institutional-grade investment expertise with an entrepreneurial growth mindset. The platform has already demonstrated exceptional fundraising momentum, with its inaugural fund attracting over RMB 2 billion of subscriptions on launch day, reflecting strong investor confidence in the team's investment capabilities and long-term vision. Positioned to capitalize on macro and cross-asset opportunities across Greater China and global markets, the firm is now entering its next phase of expansion and talent growth.

Description

• Conduct in-depth macroeconomic research across key market drivers including economic growth, inflation, monetary policy, and liquidity conditions, covering both China and global markets.
• Develop, monitor, and enhance macro investment frameworks and signals that support asset allocation decisions across fixed income, equities, commodities, and other asset classes.
• Partner with the CIO in portfolio construction, asset allocation, and risk budgeting processes to ensure portfolio positioning remains aligned with macroeconomic views and investment objectives.
• Produce high-quality research publications, including monthly market commentaries, quarterly outlook reports, thematic research papers, and investor presentation materials.
• Monitor global economic developments, central bank policies, and market trends to identify investment opportunities and risks.
• Support investor meetings, fundraising activities, and client communications through the presentation of investment views and market insights.

Profile

• Bachelor's degree or above in Finance, Economics, Accounting, Mathematics, or a related discipline.
• Minimum 5 years' experience in macro research, strategy, asset allocation, portfolio management, institutional sales, or investment consulting within an asset manager, securities firm, investment bank, hedge fund, or institutional investment platform.
• Strong understanding of macroeconomics, financial markets, cross-asset investing, and portfolio construction.
• Solid knowledge of China's onshore securities brokerage industry, including market structure, regulatory framework, institutional client landscape, trading practices, and research ecosystem.
• Established relationships with Mainland securities firms, institutional sales teams, research departments, wealth management platforms, or institutional investors will be highly advantageous.
• Strong understanding of China's capital markets, including A-share equities, fixed income, wealth management products, and related investment channels.
• Demonstrated ability to convert macroeconomic and market insights into actionable investment recommendations.
• Eligible to satisfy SFC Responsible Officer competency requirements.
• Native or fluent Mandarin and English required.

Job Offer

• Opportunity to join a high-growth macro hedge fund platform at an early stage of its development.
• Work alongside an investment team originating from leading global hedge funds and established family offices.
• Direct exposure to the CIO and investment decision-making process.
• Meaningful involvement in macro research, portfolio construction, investment strategy and investor communications
• Strong long-term career progression as the platform continues to scale its AUM and institutional investor base.