Portfolio Manager(s) / Teams – USA based. Systematic / CTA / Relative Value strategies recruitment
The organisation is well known as a hedge fund, but this is not a true reflection of the company. About 50% of capital is external / client money and about 50% is proprietary. The company was established around 15 years ago as a spin off from a leading US Investment Bank.
Portfolio Managers are offered very clear formulaic split on PnL, where capital provided can be as much as $500million for individual managers. The split takes into account returns to investors (where applicable) and covers all legal, execution, data, prime brokers etc.
With regard to high frequency, latency sensitive strategies, the organisation has invested heavily in low-latent trading infrastructure and has established connectivity to most electronic exchanges worldwide. There are small number of highly systematic strategies (highly established) that are in play already and the firm will look at correlation as part of its assessment of potential managers.
The company is a well known financial brand and manages and offers investors exposure to a number of different strategies, although there is a particular appetite for systematic strategies currently.
Further benefits include ability to invest in one of the firms core strategies (which has a more collabrotive research team to support it and the firm’s CEO, who developed the strategy 20 years ago). The environment involves some large-scale highly research-lead strategies which have large teams and shared PnL as well as much smaller “black-box” styles of team and indivudals. The firm prides itself on being a fun and lively place to work.
Generally speaking, interested parties should contact Umar Balal (u.balal@westbourne-partners.com) for more information and should be able to demonstrate evidence of trading PnL.