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This opportunity is ideal for an experienced portfolio manager with a strategy and a track record.  The opportunity is to establish your own silo within a family office and to trade a statistical arbitrage strategy.  You will receive support from the family office in terms of market data, risk capital, access to venders and prime brokers and you will be supported with a base salary for yourself and your team.   The opportunity will involve setting up your strategy and trading on the firms platform using firm capital.  You will be responsible for your strategy including research, implementation and trading.  Compensation will include a base salary, typically $150,000 and a percentage of the trading profit minus operational costs. This is in the range of 20-30% of the net profit.  The future scope is to build your own group and scale your methodology and spin out your own fund. The firm acts as a seeding platform in this capacity. 

Requires:

• Business plan outlining your trading methodology and detailing your track record with live daily returns.
• Failing that, a realistic back-test based on out of sample data which includes execution assumptions including costs, slippage and market impact.
• Quantitative background with at least 7 years of experience in stat-arb trading.
• Experience designing and trading a market neutral stat-arb strategy with the following characteristics.
• Turnover in the range of 1-10 days. 
• Net Sharpe of 2.5-3.0.
• 5-6% return before leverage.
• 10-15% return after leverage.
• Low volatility.
• Expert in risk management and tight drawdown control.
• Track record managing a book value (after leverage) in the range of $50m-$300m per side.
• Recent track record generating at least $10m in net P&L.

If you would like to be considered for the position of Statistical Arbitrage Portfolio Manager or wish to discuss it further please leave your details below.  Your resume will be held in confidence until you connect with a member of our search team