Discretionary Macro Portfolio Manager – Directional Strategies | $20bn+ Global Hedge Fund
Location – London, New York or West Palm Beach
Description:
Our client is a leading global macro hedge fund with over $20b+ in AUM and a multi-decade track record across discretionary and quantitative investment strategies. The firm has built its reputation on identifying differentiated sources of alpha across global markets, supported by substantial institutional infrastructure, sophisticated risk management and a deeply established investment platform.
The firm is continuing to invest in its discretionary macro business and is seeking exceptional Portfolio Managers with established directional strategies across liquid global markets. This is an opportunity to join a premier investment platform with the capital, resources and institutional expertise to support experienced PMs in scaling proven investment processes.
The Opportunity:
The mandate is open to senior discretionary macro Portfolio Managers with a strong, demonstrable track record and the ability to generate compelling risk-adjusted returns. The firm is strategy agnostic and will consider differentiated directional approaches across asset classes, including FX, rates, fixed income, equity indices, commodities and other liquid macro markets.
The ideal candidate will have generated at least $20m in attributable PnL, supported by a strong Sharpe ratio and a consistent, well-defined investment process. The emphasis is on established investors with genuine edge, clear risk discipline and the ability to generate returns across varying market environments.
PMs will benefit from an established multi-manager platform that provides institutional capital, dedicated risk oversight and operational support, while allowing individual managers discretion to express their market views within an agreed mandate.
For exceptional candidates, the firm is prepared to compete at the upper end of the market on compensation. It is also open to structuring packages that address existing bonus arrangements and deferred compensation, helping senior PMs make a transition without being unduly penalised for leaving their current platform.
Key Responsibilities:
- Manage and develop an established discretionary directional macro strategy across relevant global markets.
- Identify and execute high-conviction investment opportunities using fundamental, macroeconomic and market-based analysis.
- Take ownership of portfolio construction, position sizing, risk allocation and drawdown management.
- Generate consistent, risk-adjusted returns through a clearly defined and repeatable investment process.
- Monitor macroeconomic developments, central bank policy, market positioning and cross-asset relationships to identify emerging opportunities.
- Maintain rigorous risk discipline while adapting positioning to changing market conditions.
- Work with the firm's investment and risk teams to support portfolio oversight and the effective deployment of capital.
Ideal Candidate:
- Senior Discretionary Macro Portfolio Manager from a leading hedge fund or institutional trading platform.
- A strong, verifiable live track record with a Sharpe ratio demonstrating attractive risk-adjusted performance.
- At least $20m in attributable trading PnL.
- Established expertise in directional strategies across one or more liquid asset classes, including FX, rates, fixed income, equities or commodities.
- Strong macroeconomic understanding, sound investment judgement and a disciplined approach to risk.
- A differentiated investment process with demonstrable alpha generation and a clear explanation of performance drivers.
- The ability to manage risk independently while operating within an institutional multi-manager environment.
- Access to a global hedge fund platform with over $20bn AUM.
- Competitive economics at the upper end of the market for exceptional PMs.
- Flexibility to discuss buyouts or make-whole arrangements for existing bonuses and deferred compensation, subject to individual circumstances and agreement.
- Institutional capital, established risk infrastructure and operational support.
- Location options in London, New York or West Palm Beach.
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Discretionary Macro Portfolio Manager / $20b+ AUM Hedge Fund employer: Venture Search
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