Portfolio Manager, Multi-Asset Absolute Return

Location

London

Role Overview

Our client, a leading UK institutional asset manager, is hiring a senior Portfolio Manager for its flagship global multi-strategy absolute return fund. The fund is a multi billion pound, daily liquidity vehicle targeting cash plus returns with volatility managed to less than half that of global equities, run through a portfolio of 20 to 30 diversified long and short strategies across asset classes. Following the departure of a long standing senior PM, the incoming hire joins as one of four Portfolio Managers and provides a second senior macro voice within the team.

Key Responsibilities

• Full participation in idea generation, portfolio construction, sizing and risk decisions on a global macro discretionary absolute return portfolio.

• Contribute and defend macro views within a collegiate, debate driven investment forum, working alongside volatility and derivatives specialists.

• Express views across rates, equities, credit and FX using an unusually broad toolkit: swaps, swaptions, receiver and payer spreads, index and sector futures, options structures and total return swaps, with meaningful notional leverage available in rates.

• Engage with systematic signals as an input to a discretionary framework.

• Contribute to the wider multi-asset investment debate across the firm.

• No order execution responsibilities: a dedicated implementation team executes, leaving the PM free to focus on research, analysis and decision making.

Requirements and Qualifications

• Approximately 10 to 20 years of investment experience, with a core of macro discretionary risk taking. Exceptional candidates with around 8 years will be considered.

• A macro thinker, ideally rates leaning; equity biased macro backgrounds also considered.

• Direct absolute return experience, or long only multi-asset experience where the portfolio operated as a substantial derivative overlay.

• Deep, hands on derivatives fluency across rates and equity derivatives, options structures and total return swaps.

• Comfort engaging with quantitative signals within a discretionary process.

• Intellectually confident and collegiate: able to argue a view hard, update on evidence, and disagree without it becoming personal.

The offer.

• A rare combination of a flexible global mandate, a stable and growing capital base, a collaborative and intellectually open senior team, and a role designed around thinking rather than execution. Highly competitive total compensation reflecting the seniority and technical depth of the seat, with a clear runway to greater responsibility over time.

Apply now

Leah Bidon

[email protected] Connect

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