G10 Rates Volatility Portfolio Manager

Overview

We have partnered with a recently span out boutique hedge fund to hire their first Rates Volatility Portfolio Manager.

Known for its expertise in directional G10 Macro (with a particular niche in inflation) the fund is keen to expand into complementary strategies that diversify and enhance its performance.

The ideal candidate will bring a PnL track record in G10 Rates Options and a clear framework for building and deploying their strategy in a hedge fund environment.

This position offers a unique opportunity to join a high-caliber, low-profile fund backed by significant capital and led by an industry-renowned CIO (25+ years of experience & a stellar reputation). Joining at this stage will offers a fantastic opportunity for professional development and upside; you will play a pivotal role in the fund’s trajectory, contributing directly to its future growth and success. You will also benefit hugely from working in such close proximity to the CIO and other partners, providing invaluable mentorship and insight into one of the most successful Macro investment approaches of the last two decades.

Key Responsibilities

• Portfolio Management: Develop and execute a volatility trading strategy in G10 Rates, managing a portfolio of $100M-$300M+ (dependent on experience)
• Risk Management: Implement rigorous risk controls, balancing directional and relative value approaches.
• Collaboration: Work closely with the CIO and team to integrate insights, refine strategies, and contribute to the fund’s overall performance.

Requirements & Qualifications

• Experience: 5-10 years. Candidates with 8+ years of experience will have a higher bar to clear.
• Market Expertise: Deep knowledge of G10 Rates Options, with a proven ability to manage a robust strategy within a discretionary Macro framework.
• Proven Track Record: Demonstrable record of consistent PnL in G10 Rates Options. Sell side traders require a minimum of $10m+ PnL courtesy of prop /personal risk taking. For buy side Portfolio Managers $20m+ minimum is expected, with well-candidates expected to have achieved higher than this.
• Geographical Requirements: Based in London, with exceptions made for outstanding candidates based in Dubai.
• Quantitative Acumen: While this is not a quant role, candidates should be comfortable integrating quantitative inputs into their discretionary strategies.