Portfolio Manager – Portfolio Construction & Implementation recruitment
The Lombard Odier Group is a Swiss Bank with USD152bn of assets under management, with 1900 professionals across 24 cities around the world. We are in the business of managing assets and providing investment advice to institutional and private clients. In Asia, we have been present since 1987 with offices in Hong Kong, Singapore and Tokyo and manage $8bn of assets with 75 professionals.
In the effort to further build out an Asian business, we are creating a multi-asset investment platform, covering all markets in the Asian region including Japan. The platform will support the analysis and management of assets for absolute return funds across the spectrum of equities, fixed income, currencies and commodity related investments in the region. The core investment process for all funds will be driven by a set of research driven portfolio managers, who will be responsible for making independent investment decisions on their individual security universes.
A Portfolio Manager – Portfolio Construction and Implementation is required to support the platform. Reporting to the Chief Investment Officer, this position will be responsible for:
- Aggregating the model portfolios created by the research PMs to create the full portfolio for the various individual funds.
- Rebalancing the funds, based upon the model portfolio changes done by the research PMs
- Managing portfolio cash based on trades and fund subscriptions and redemptions
- Monitoring of all portfolio positions on a day to day basis, and reporting any major market events back to the research PMs to feed into their investment process.
- Liaising with the trading desk to ensure best execution of all positions
- Managing all fx overlay positions in all funds in futures and forwards
- Managing all stock borrow and index future positions
- Creating optimized stock for getting specific exposures
- Monitoring portfolio risk and feeding back any salient aspects to the portfolio management team
- Assist the CIO in the allocation of risk and assets across the various research model portfolios
- Manage transaction cost and implementation shortfall.
- Manage portfolio implications of a bad trades and corporate actions
While this position will not in itself be responsible for making buy or sell decisions on the funds (which is the responsibility of the research PMs), it is a critical component in the management of the funds. While the research PMs will focus on the decision on what to buy and sell, the portfolio construction PM will be responsible for the optimal implementation on these alpha decisions from multiple research PMs.
The right candidate will have –
- A minimum of 5 years experience on a trading desk on either the buy or sell side
- Significant market experience in management of portfolio rebalancing through cash equity, local currency and hard currency debt, fx futures and forwards, index futures, ETFs, commodity futures, and bond futures across global markets.
- Experience in the management of portfolio multi-currency cash positions
- A trading oriented mindset focusing on implementation, but with appreciation of a research process which drives the alpha decisions.
- Ability to use an optimizer will be a plus.
As a minimum requirement, candidates must be based in any country in Asia at the time of application, and be able to fluently speak any one Asian language, in order to demonstrate that they have local knowledge in Asia. The position is based in Hong Kong.
To apply, Please submit your application by clicking on the 'Apply online' button. Kindly include your detailed resume, a sample of any reports you have written and expected compensation.