Event Driven Portfolio Manager

2 months ago


New York, United States Caxton Associates Full time
Job DescriptionJob Description

Company Overview:

Caxton Associates, founded in 1983, is a global trading and investment firm with offices in London, New York, Monaco, Singapore, and Dubai. Caxton Associates’ primary business is to manage client and proprietary capital through multiple liquid global hedge fund disciplines, including discretionary macro, systematic macro, emerging markets macro, systematic trading, equity long-short, and event-driven strategies. Assets are managed via a broad mandate to trade in a variety of global markets and instruments with a focus on alpha generation for our clients.

Requirements

The Role:

Caxton Associates is seeking experienced Portfolio Managers specializing in Event Driven strategies. In this pivotal role, you will be entrusted with managing a significant capital allocation and overseeing rigorous risk management across all active positions.

In our organization, we place a high value on collaboration, promoting regular and ongoing discussions about global macroeconomic trends, geopolitical developments, and the evolution of financial markets. Professionals who can extract key insights from their investment universe to inform and shape the broader team's perspective and leverage this collective knowledge to generate alpha within their mandate will find this is the perfect platform for their talents.

Key Responsibilities:

  • Independently manage a significant capital allocation by creating, executing, and monitoring an Event Driven strategy.
  • Construct portfolios that capitalize on deal flow and special situations within corporate capital structures, emphasizing structures with unique and attractive risk/reward trade-offs and focusing on downside risk management.
  • Conduct thorough transaction-level analysis on potential deals, with a focus on legal, geopolitical, and macroeconomic factors that determine the likelihood and timeline of successful completion.
  • Implement stringent risk management, actively assessing the merits of all positions and investment theses.
  • Collaborate effectively within a global team environment, learning from and adding value to collective insights and expertise.
  • Ensure strict compliance with all industry rules, regulations, and internal company policies.

Requirements:

  • Proven track record in Event Driven strategies, demonstrated by robust investment acumen and a Sharpe Ratio greater than 1.5.
  • A minimum of 5 years of experience in portfolio management, preferably within a hedge fund.
  • Proficiency in structuring positions to provide optimal risk/reward potential within the event-driven space, with an awareness of how macroeconomic and geopolitical trends will impact positioning.
  • Demonstrated expertise in the transaction lifecycle of mergers and acquisitions (M&A) and special situations, including knowledge of the current legal and regulatory environment and potential changes that may impact the transaction lifecycle.
  • Humility and the capacity to thrive in a highly collaborative global team, with a strong desire to learn from and alongside other investors.
  • Unwavering commitment to the highest standards of ethics and integrity.
  • Exceptional decision-making abilities, capable of performing well under pressure.

Application Instructions:

To apply, please submit your CV, a detailed account of your investment track record (including evidence of a Sharpe Ratio greater than 1.5), and a comprehensive outline of your proposed investment strategy and process. If you're an experienced portfolio manager with a passion for collaboration and a keen interest in financial markets, we'd love to connect with you.

Benefits

With respect to New York-based applicants, the base pay for this role is $250,000 annually. The total compensation is dependent upon several factors, including, but not limited to, relevant experience, business needs and market demands. This role may also be eligible for bonus compensation and employee benefits.



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