Portfolio Manager - Equity Derivatives

London

Salary £120,000 to £150,000 plus generous performance based bonus

My Client:

• My client is a very well-respected Hong Kong headquartered Alternative Asset Management boutique with over a 20-year history of success
• The firm manages a range of investment products including a quantitative hedge funds, a long only fund, and a number of separately managed accounts
• They are looking to expand to London and add a trading desk to execute their strategies in US / European time zones. This will require close working with the Portfolio Management team in Hong Kong
• Several of the funds are market neutral hedge funds investing in Greater China, and my client has future ambitions to add more Cross Asset strategies over time, including FX, Commodities, Equities, Fixed Income and Interest Rates to compliment the existing strategies, with an emphasis on understanding the influence on asset classes by Greater China

The Opportunity:

• Working largely "sensible" US hours (from London) you will have responsibility for managing capital of US$25-100m in a cross-asset strategy for Greater China using global instruments including equity, F/X, credit and interest rate derivatives
• You will construct asymmetric market neutral trades and use price and macro data to generate trading ideas and execute cross asset convex trades
• Articulate trading strategies effectively to your peer group and Portfolio Management team in Hong Kong, and demonstrate accurate payoff structures
• Additionally, structure trades that are long vega and complimentary to other strategies in the fund
• Be career minded. The trading side of the business within the new London office could grow overtime and therefore this position could offer leadership opportunities
• Possess the ability to build models to assimilate risk in Greeks and PnL format and manage technical team to enhance data collection and evaluate trading opportunities

Your Experience:

• You must be able to demonstrate a strong record of academic achievement, showing a strong quantitative mindset and a passion for investing. This will include computing, finance or related topics with a background in mathematics, physics or relevant sciences, or and extend period of pricing derivatives
• The responsibilities offered within the role require you to have a minimum of 6 to 7 years of relevant experience working in a bank or fund managing risk assets in Derivatives including equity, F/X & volatility
• China market experience is key, with an excellent appreciation of the key 7-8 indexes within China and the main listed ADRs
• It is preferred that the candidate has lived and worked in Hong Kong, gained the relevant experience and then relocated to London
• You must be able to evidence idea generation along with strong conviction in your ideas, and have run you own P&L. This is essential for my client's Hong Kong based CIO
• Demonstrate strong risk management controls and understanding of risk associated with trades, with an ability to build models to assimilate risk in Greeks being desirable - if so, then perhaps a Delta 1 trading background could be considered
• Demonstrate evidenced based opinion of the macroeconomic theses and how this will lead to relevant cross asset trade ideas
• Ability to communicate effectively with peer group and share information
• Ensure collegial interaction and collaboration