Investment Research Associate - Macro

Michael Page International (HK) Ltd; Hong Kong; On-site; HKD 1,412,000 - 2,667,000; Full time

Job summary

Michael Page International (HK) Ltd is recruiting for a senior macro research professional in Hong Kong to develop and refine macro investment frameworks across fixed income, equities, and commodities.

You will partner with the CIO on portfolio construction, risk budgeting, and market views, producing regular market commentaries and investor materials. Fluent Mandarin and English are required; the firm values deep cross-asset expertise and ties to Mainland China markets.

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 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.

Responsibilities

• Conduct in-depth macroeconomic research on growth, inflation, policy across China and global markets.
• Develop and monitor macro investment frameworks for asset allocation across asset classes.
• Collaborate with the CIO on portfolio construction and risk budgeting.
• Produce quarterly and monthly research publications and investor materials.
• Monitor global macro developments and identify opportunities and risks.
• Support investor meetings, fundraising, and client communications with insights.

Skills

Macroeconomic analysis

Cross-asset investing

Portfolio construction

Institutional relationship building

Bilingual Mandarin and English

Education

Bachelor's degree or above in Finance, Economics, Accounting, Mathematics, or related discipline

Job 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.

• 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.

A newly set up Hedge Fund platform backed by renowned family in Hong Kong Solid investment team from global top tier hedge fund and family office

• 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.

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.

• 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.