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- Tasks: Lead the M-Freq Macro team, focusing on hourly-to-day trading strategies.
- Company: Join a top hedge fund with over $30 billion in assets and cutting-edge research.
- Benefits: Enjoy a competitive compensation package and high visibility within the firm.
- Why this job: Be part of an elite team, driving innovation in systematic trading strategies.
- Qualifications: 3-7 years in hedge funds, strong Python skills, and proven macro research experience required.
- Other info: This is a unique chance to influence strategy and work closely with senior leaders.
The predicted salary is between 72000 - 108000 £ per year.
Company Overview: This hedge fund is among the top 1% of global systematic statistical arbitrage units, with assets under management exceeding $30 billion. The firm’s cutting-edge research and trading infrastructure has been instrumental in its continued success. Building on an exceptional track record, the firm is expanding its capabilities within the Macro space and is seeking a highly skilled quantitative researcher to lead this initiative. This role is pivotal in establishing a new Intraday Macro team, focusing on hourly-to-day trading strategies across global macro elements. Reporting to a former XTX Markets Director who leads the HFT initiative, you will be instrumental in developing and implementing systematic strategies within a collaborative structure. The team has historically been focused on high-frequency trading (HFT) but is now looking to diversify into mid-frequency strategies.
Your Role:
- Lead the development of the M-Freq Macro team, driving alpha generation in hourly-to-day trading strategies.
- Take ownership of full strategy lifecycles, from idea generation and backtesting to execution and portfolio construction.
- Collaborate closely with senior leadership and other pod members to ensure seamless integration of mid-frequency strategies.
- Leverage the firm’s robust research infrastructure to enhance trading efficiencies and drive portfolio performance.
Experience Required / About You:
- 3-7 years of experience working within a pod structure at a leading hedge fund.
- Proven track record running a Sharpe ratio of 3-5+ over several years.
- Strong background in systematic Macro research.
- Expertise in mid-frequency trading strategies (hours to days) with experience in statistical arbitrage, mean reversion, and relative value.
- Strong programming skills in Python and experience with research lifecycle management.
- No prior experience on the sell side; purely buy-side or proprietary trading experience preferred.
- Experience within a systematic macro pod/team is acceptable, provided that your primary research focus has been in Macro and you are able to directly attribute PnL to your signals.
Further Context: This is a rare opportunity to take a sub-PM level role within an elite systematic trading team. Highly competitive compensation package, structured to attract top-tier talent. High-visibility role with direct interaction with senior leadership and significant ownership over the mid-frequency strategy build-out.
Head of Macro employer: Thurn Partners
Contact Detail:
Thurn Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Macro
✨Tip Number 1
Network with professionals in the hedge fund industry, especially those who have experience in systematic trading and macro strategies. Attend industry conferences or webinars to connect with potential colleagues and leaders in the field.
✨Tip Number 2
Showcase your expertise in mid-frequency trading strategies by discussing relevant projects or experiences during networking conversations. Be prepared to explain how your previous work has contributed to alpha generation and portfolio performance.
✨Tip Number 3
Familiarise yourself with the latest trends and technologies in quantitative research and trading infrastructure. Being knowledgeable about cutting-edge tools can set you apart and demonstrate your commitment to driving efficiencies in trading.
✨Tip Number 4
Engage with the firm's online presence, such as their social media channels or blog posts. Commenting thoughtfully on their content can help you get noticed and show your genuine interest in their work and culture.
We think you need these skills to ace Head of Macro
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Macro position. Familiarise yourself with the firm's focus on mid-frequency trading strategies and their systematic approach.
Tailor Your CV: Highlight your relevant experience in quantitative research and mid-frequency trading. Emphasise your track record in generating alpha and any specific achievements related to systematic Macro research that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the firm. Discuss your experience in leading teams, your programming skills in Python, and how you can contribute to the development of the M-Freq Macro team.
Showcase Your Technical Skills: In your application, provide examples of your programming expertise and any relevant projects you've worked on. Mention your familiarity with research lifecycle management and how it can benefit the firm's trading strategies.
How to prepare for a job interview at Thurn Partners
✨Showcase Your Quantitative Skills
Be prepared to discuss your experience with quantitative research and how you've successfully implemented trading strategies in the past. Highlight specific examples where your work has directly contributed to alpha generation.
✨Demonstrate Your Knowledge of Macro Elements
Familiarise yourself with current macroeconomic trends and how they impact trading strategies. Be ready to discuss how you would leverage these insights in developing mid-frequency strategies.
✨Prepare for Technical Questions
Expect technical questions related to programming in Python and the research lifecycle management. Brush up on your coding skills and be ready to solve problems or explain your thought process during the interview.
✨Emphasise Collaboration Experience
Since this role involves working closely with senior leadership and team members, be sure to highlight your experience in collaborative environments. Share examples of how you've successfully integrated strategies within a team setting.
