Discretionary Equity Portfolio Manager

hermeneutic Investments; United States; On-site; USD 350,000 - 700,000; Full time

Job summary

hermeneutic Investments in the United States seeks an exceptional portfolio manager to lead a discretionary, event-driven long‑short equity portfolio focused on crypto-related equities. You’ll leverage the firm’s research capabilities and collaborate with researchers, traders, and engineers to scale a high‑performing strategy.

This role offers ownership across the full investment lifecycle—from idea generation to risk management—with horizons from days to months.

Qualifications

• Degree in Finance, Economics, Mathematics, or related field.
• At least 5 years of equity trading or investment experience in institutional settings.
• Proven track record in discretionary long-short equity trading, event-driven preferred.
• Interest in applying equity trading to crypto-related companies.
• Strong risk management discipline with portfolio volatility and drawdown control.
• Experience independently managing capital, including sizing and execution.
• Strong research and analytical skills to evaluate catalysts and risks.

Responsibilities

• Develop and manage a discretionary, event-driven long-short equity strategy.
• Source opportunities across US equities, including crypto-related names.
• Translate views into portfolio positions, including construction and sizing.
• Maintain a disciplined investment process and adapt to catalysts and risk-reward.
• Collaborate with researchers, traders, and engineers to scale trading capabilities.
• Own portfolio performance and deliver risk-adjusted returns within risk framework.

Skills

Discretionary trading focus

Crypto equity interest

Independent capital management

Research and analytical skills

Education

Finance/Economics/Mathematics degree

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.

Job Overview

As an exceptional portfolio manager with a demonstrable track record, you will build and manage a discretionary, event-driven long-short equity portfolio across US equities. The initial focus will be on crypto-related equities, complementing our existing digital asset business and drawing on the firm’s knowledge and research capabilities, with flexibility to pursue compelling opportunities across the broader US equity universe.

This is an opportunity to help shape the firm’s expansion into a new asset class. Working closely with the firm’s leadership, you will have significant ownership of the strategy, areas of focus, and portfolio approach, while helping establish the capabilities needed to support and scale your trading activity.

You will have extensive support and resources at your disposal. hermeneutic’s specialized trading business, research-driven culture, and technology and data infrastructure provide a foundation on which to build. You will collaborate with researchers, traders, and engineers to adapt and extend these capabilities to support discretionary equity trading.

This role offers ownership across the full investment lifecycle, from idea generation and catalyst analysis through portfolio construction, trade execution, and risk management. With trading horizons ranging from days to months, you will combine independent investment judgment with disciplined risk-taking to identify asymmetric opportunities and deliver consistent, risk-adjusted performance across different market environments.

If you are an experienced discretionary equity portfolio manager with a strong track record and the ambition to develop and scale a high-performing portfolio, we encourage you to apply.

Key Responsibilities

• Develop, manage, and continually refine a discretionary, event-driven long-short equity trading strategy.
• Draw on the firm’s digital asset expertise to inform crypto-related equity trades, while independently sourcing opportunities across the broader US equity universe.
• Translate investment views into portfolio positions, with responsibility for portfolio construction, 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 develop and apply the firm’s capabilities to research, portfolio monitoring, and execution.
• Take ownership of portfolio performance, with a focus on generating consistent, risk-adjusted returns while operating within the firm’s risk framework.

Must-Haves

• A degree in Finance, Economics, Mathematics, or a related field.
• At least 5 years of relevant equity trading or investment experience, ideally in a hedge fund, proprietary trading firm, or other institutional investment firm.
• A demonstrable, attributable track record in discretionary long-short equity trading, ideally with an event-driven focus, supported by historical performance data available for review.
• An interest in applying equity trading expertise to crypto-related companies; prior research or trading experience in the sector is preferred.
• Strong risk management discipline, with a clear understanding of portfolio volatility, drawdown management, and capital preservation.
• Experience independently managing capital, including portfolio construction, position sizing, and investment decision-making.
• Strong research and analytical skills to assess catalysts, event timing, market expectations, and risk/reward, and translate differentiated views into actionable trades.

Interview Process

1. CV Screening – We will review your application based on the qualifications and experience outlined above.
2. HR Interview – If further clarification is needed, a brief call may be scheduled to better understand your background.
3. Portfolio Manager Interview – A discussion of your investment experience, trading approach, and risk management.
4. 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.