Associate Portfolio Manager Program - NY
At a glance
Manager-level Investment & Corporate Development role at Caxton Associates. New York · full-time · $175,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Build and develop your proposed investment strategy, with advancement to senior portfolio manager as the program's goal
- Apply your investment skills to a strategy such as discretionary or systematic macro, emerging markets, equity long-short or event-driven investing
- Work independently and with stakeholders, while continuing to refine your investment approach
What you bring
- Three to ten years in asset management, hedge funds or market making
- Expertise in your proposed investment strategy and its markets, ideally with hands-on implementation experience
- Submit a CV and detailed strategy outline, plus an investment track record if available
Who this fits
This two-year program suits buy-side investors, sell-side trading talent or quantitative analysts seeking a path toward senior portfolio management. The role is onsite in New York.
From the employer
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 invite you to apply. Please submit your CV, investment track record (if available), and a detailed outline of your proposed investment strategy. A comprehensive strategy outline is a critical component of your application.
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.