Associate Portfolio Manager Program - NY

Caxton Associates; New York (NY); On-site; USD 158,000 - 193,000; Full time

Benefits offered by this job

Base pay: $175,000

Profit-sharing / performance bonus

Job summary

Caxton Associates seeks driven investment professionals to join its Associate Portfolio Manager (APM) Program in New York. The role targets individuals with 3–10 years of experience in asset management, hedge funds, or market making, who can contribute to and eventually lead investment strategies across macro and related markets.

Successful candidates will start in Caxton's renowned two-year APM program, with a pathway to senior PM roles.

Qualifications

• 3 to 10 years in asset management, hedge funds, or market making.
• Expertise in the proposed investment strategy and related markets.
• Entrepreneurial risk-takers with a desire to build and grow investment strategy.
• Ability to work independently and collaboratively with various stakeholders.
• Passion for the financial markets and strong work ethic.

Responsibilities

• Participate in Caxton's two-year Associate Portfolio Manager (APM) program and progress toward a senior Portfolio Manager role.

Job description

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 global macro hedge fund strategies. Assets are managed via a broad mandate to trade in a variety of global markets and instruments.

Requirements

At Caxton Associates, we have a longstanding tradition of nurturing premier investment talent. Our commitment to professional development led to the creation of the comprehensive two-year Associate Portfolio Manager (APM) Program in 2012. This program is an exceptional pathway for high-potential buy-side investors, outstanding sell-side trading talent, or world-class quantitative analysts across a spectrum of hedge fund disciplines, including discretionary macro, systematic macro, emerging markets macro, systematic trading, equity long-short, and event-driven strategies.

The APM Program offers immersive exposure and intensive training, refining participant's investment skills with the ultimate objective of enabling advancement to a senior Portfolio Manager position within Caxton. Over a quarter of our current Portfolio Managers, many of whom are now our most respected PMs, have risen through this very program, underscoring its success.

We are currently seeking candidates with a level of experience between 3 to 10 years in either asset management, hedge funds and/or market making. The ideal candidate should have expertise in, and ideally direct experience implementing, the proposed investment strategy and related markets. We appreciate entrepreneurial risk-takers with a desire to build and grow their investment strategy. The ability to work both independently and collaboratively with various stakeholders is crucial, as is a demonstrated capacity for continuous growth and evolution.

If you harbor an unwavering passion for the financial markets, possess a strong work ethic, and meet the above criteria.

We eagerly anticipate the opportunity to explore your potential and welcome your contribution to the continuing legacy of Caxton.

Benefits

• For New York-based applicants, the base pay for this role is $175,000 annually.
• In addition to the base pay, successful candidates will receive a formulaic percentage of their trading profitability.