Assistant Portfolio Manager – International Credit recruitment
Driehaus Capital Management LLC provides investment management services to institutional clients, high net worth individuals and mutual fund investors. Currently, we manage more than $7 billion in assets spread between institutional portfolios, separately managed accounts and mutual funds. Founded in 1982 by Richard H. Driehaus as a growth-equity style investment boutique, the Firm has a team of investment professionals managing 9 U.S. and ex-U.S. equity investment strategies, 3 absolute return credit strategies and is launching an International credit strategy.
We are seeking an Assistant Portfolio Manager for our New York City office with six plus years of relevant work experience, to support the Portfolio Manager in generating ideas, trading and constructing the International creditportfolio(s). Primary responsibilities:
- Evaluates and recommends new investment ideas and sales of directional and relative value credit, rates, and currency strategies in developed and emerging market credits.
- Establishes relative value inter- and intra- issuer; ability to discern the most appropriate instrument to express investment thesis.
- Conducts maintenance research for existing holdings to ensure they continually meet stated investment objectives.
- Acts as a back up to the Portfolio Manager. Possesses limited authority to initiate buy and sell decisions of investments and to set desired weightings/targets of existing holdings within the portfolio and may represent the strategy to clients and prospects.
- Supports the team in trading/monitoring markets across time zones and regions. Given the global nature of this strategy, the candidate must be willing and able to work evenings and/or early mornings as necessary.
- Supports the Portfolio Manager in the development of a robust global research, analytics, risk and attribution infrastructure.
- Actively communicates new investment ideas and reviews fundamental developments of assigned issuers, industries, and/or geographic segments.
Knowledge/Experience:
- Seasoned credit analyst or trader in either developed International or emerging markets with desire to expand in geographic scope, asset classes (rates/currency) and skill set (trading/portfolio management).
- Hedge Fund or prop desk experience preferred.
- Demonstrated technical competency and at least six years of relevant work experience in financial analysis, preferably in distressed/high yield debt (developed or emerging markets).
- Previous experience trading fixed income securities (cash, interest rate swaps, credit default swaps, currency forwards, futures), in either directional or relative value strategies a plus.
- Facility with fixed income analytics and risk management tools; ability to build monitoring, analytical, risks and attribution tools on Excel, Bloomberg API, or Fincad.
- MBA, CFA and/or other advanced degree preferred.
Interested candidates must send a cover letter (detailing International experience) and resume to HR@Driehaus.com and reference job code [APMIC] when applying.