Consumer Equity L/S Portfolio Manager - New York
At a glance
Manager-level Investment & Corporate Development role at Caxton Associates. New York · $250,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Run an equity long/short portfolio, deciding what to trade and tracking positions across your capital allocation
- Shape holdings to keep net delta low, balance factor and industry exposure, and emphasize stock-specific risk
- Research consumer companies, their industries, fundamentals, and business-cycle conditions
- Reassess each position and its investment thesis, applying active risk controls and following firm policies
- Share insights on markets and macroeconomic developments with investors across the global team
What you bring
- A proven equity long/short record, with a Sharpe ratio above 1.5
- At least five years managing portfolios, preferably at a hedge fund
- Skill in financial modeling, sector and business-structure analysis, and business-cycle research
- Expertise in the industries or regions you cover, plus methods for controlling equity portfolio risk
Who this fits
This role suits an experienced portfolio manager with a demonstrated record in global consumer equities and the judgment to manage risk independently. You’ll also need to work collaboratively with a global investment team. The position is based 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 multiple liquid global hedge fund disciplines, including discretionary macro, systematic macro, emerging markets macro, systematic trading, equity long-short, and event-driven strategies. Assets are managed via a broad mandate to trade in a variety of global markets and instruments with a focus on alpha generation for our clients.
Requirements
The Role:
Caxton Associates is seeking an Equity L/S PM with demonstrable alpha in global consumer equities. In this pivotal role, you will be entrusted with managing a significant capital allocation and overseeing rigorous risk management across all active positions.
In our organization, we place a high value on collaboration, promoting regular and ongoing discussions about global macroeconomic trends, geopolitical developments, and the evolution of financial markets. Professionals who can extract key insights from their investment universe to inform and shape the broader team's perspective and leverage this collective knowledge to generate alpha within their mandate will find this is the perfect platform for their talents.
Key Responsibilities:
- Independently manage a significant capital allocation by creating, executing, and monitoring an Equity Long/Short strategy.
- Construct portfolios with a focus on maintaining low net delta, balanced factor and industry exposure, and high idiosyncratic risk attribution.
- Conduct thorough market and industry research, fundamental business analysis, and business cycle research.
- Implement stringent risk management, actively assessing the merits of all positions and investment theses.
- Collaborate effectively within a global team environment, learning from and adding value to collective insights and expertise.
- Ensure strict compliance with all industry rules, regulations, and internal company policies.
Requirements:
- Proven track record in Equity Long/Short, demonstrated by robust investment acumen and a Sharpe Ratio greater than 1.5.
- A minimum of 5 years of experience in portfolio management, preferably within a hedge fund.
- Proficiency in financial modelling, sector analysis, business structure analysis, and conducting business cycle research.
- Demonstrated expertise in the industries and/or regions of focus, as well as risk management techniques for equity portfolios.
- Humility and the capacity to thrive in a highly collaborative global team, with a strong desire to learn from and alongside other investors.
- Unwavering commitment to the highest standards of ethics and integrity.
- Exceptional decision-making abilities, capable of performing well under pressure.
Application Instructions:
To apply, please submit your CV, a detailed account of your investment track record (including evidence of a Sharpe Ratio greater than 1.5), and a comprehensive outline of your proposed investment strategy and process. If you're an experienced portfolio manager with a passion for collaboration and a keen interest in financial markets, we'd love to connect with you.
Benefits
With respect to New York-based applicants, the base pay for this role is $250,000 annually. The total compensation is dependent upon several factors, including, but not limited to, relevant experience, business needs and market demands. This role may also be eligible for bonus compensation and employee benefits.