Equity Portfolio Manager

JW Michaels & Co.; New York (NY); On-site; USD 200,000 - 250,000; Full time

Benefits offered by this job

Health insurance

Wellness program

Dental plan

Vision plan

Parental leave

Tuition reimbursement

Job summary

Our Client, a $20B global hedge fund, seeks an experienced US-based Equity Long-Short Portfolio Manager. Role can be located in the US or London, with options for EU/AP candidates. Manage a market-neutral book, targeting >10% annualized returns and a Sharpe of ~2+.

Requirements include 5+ years running a significant long-short book with >$250M gross capital, strong financial modeling, and expansive industry connections. Competitive base salary with discretionary bonus and generous benefits.

Qualifications

• 5+ years’ experience managing an Equity Long-Short portfolio with >$250M gross capital and a return profile >10% and a Sharpe of ~2+

Responsibilities

• Independently manage an Equity Long-Short capital allocation.
• Maintain low net delta and ~70%+ idiosyncratic risk attribution.
• Target volatility of 4–7% with max drawdown ~7% of allocated capital.
• Leverage market and industry fundamental analysis to generate alpha.
• Actively manage risk, assessing all positions and investment theses.
• Collaborate with research, data, risk, technology, compliance and operations to optimize performance.

Skills

Portfolio management

Financial modeling

Sector analysis

Competitive analysis

Industry connectivity

Communication skills

Decision making

Job description

Our Client a $20Bil global hedge fund is seeking experienced US-baed Equity Long-Short Portfolio Managers. PM Sector requirements across Industrials, Metals & Mining; Healthcare & Biotech; US Consumer Discretionary (other strategies considered on a per-book & return basis).

The ideal hire will have >5 years’ experience running a significant market neutral portfolio with >10% annualized returns and a Sharpe of ~2+. This role can be located in one of the client’s US or London offices (similar roles open in EU and AP). This role can move an individual PM or small team dependent upon the strategy and return profile.

Responsibilities:

• Independently manage an Equity Long-Short capital allocation
• Maintain low net delta and ~70%+ idiosyncratic risk attribution.
• Target Volatility of 4 - 7% with max drawdown of ~7% of allocated capital
• Leverage market & industry fundamental analysis to generate alpha
• Actively manage risk assessing all positions & investment theses
• Collaborate with key stakeholders across research, data, risk, technology, compliance and operations to optimize performance & streamline investment process

Requirements:

• 5+ years’ experience managing an Equity Long-Short portfolio with > $250Mil in gross capital and a return profile of >10% and a Sharpe of ~2+
• Proficiency in financial modeling, sector & competitive analysis
• Strong industry connectivity including industry channels & experts, counterparties & 3rd party vendors
• Strong communications skills (verbal & written) & comfortable reporting theses to management and/or investors on a regular basis
• Exceptional decision-making abilities, capable of performing well under pressure
• High caliber individuals with strong character & integrity—essential to the platform’s & teams’ culture

The target base salary for this role is $200,000 - $250,000 annually with a discretionary bonus based on the performance of the book’s P&L. Extremely generous benefits including health, wellness, dental, vision, parental leave, tuition reimbursement and many more perks!