Portfolio Manager

Engineers Gate is a leading systematic quantitative investment company which operates globally.  We are a team of researchers, engineers, and financial industry professionals using statistical models to generate superior investment returns.  EG’s investment teams are supported by the firm’s proprietary, state-of-the-art technology and data platform.  We are passionate about implementing scientific and mathematical methods to explore and solve problems in the global financial markets. 

Overview of the Portfolio Manager (“PM”) Program:

The PM Program is a differentiated multi-PM model designed to maximize the efficiency of the research process. PMs work autonomously, receive discrete capital allocations and are rewarded with formulaic payouts, just like in a typical multi-PM setup. PMs receive support from and do all of their research in EG’s proprietary Compute Framework. The Compute Framework is the product of 5 years of research and development and provides PMs with centrally developed tools and infrastructure that allow them to focus primarily on alpha research, reducing errors related to deployment and minimizing time and capital spent on support. Core capabilities of the Compute Framework include:

• A data platform that eliminates look-ahead bias and minimizes risk of overfitting
• A robust backtest engine which includes portfolio optimization and risk models
• An execution platform for production trading that provides access to proprietary flow and improves execution quality
• Full production workflow and trade support
• A central trading desk that monitors and manages operational risk

Job Summary:

The Portfolio Manager will join EG’s PM business, which is a central component of the firm’s long-term strategy. This is an ideal opportunity for an exceptional researcher with an outstanding academic and professional track record or a passionate portfolio manager who is hoping to focus primarily on alpha research and less on other aspects of the monetization process.

This is a risk-taking position with responsibilities that include:

• Constructing proprietary systematic trading strategies with a particular emphasis on the alpha development step of the quantitative investing workflow.
• Implementing a portfolio of independently developed strategies with support from EG’s Compute Framework, infrastructure and risk management teams.
• Controlling portfolio risk within an agreed upon limit structure.
• Partnering with the Head of the PM Program to evolve the Compute Framework

Required Skills, Qualifications and Experience:

• Quantitative equity experience as either a senior researcher or PM.
• Undergraduate degree from a leading university in a quantitative or scientific field.
• Excellent programming skills to support strategy research and portfolio implementation.
• Passion for identifying and extracting inefficiencies across markets.
• Self-motivated and capable of working autonomously.

Preferred Skills, Qualifications and Experience:

• Prior track record of independently trading a systematic book and managing portfolio risk.
• Advanced degree in a STEM related field.

The salary for this role is anticipated to be $150K. This does not include any potential bonus amounts, other forms of compensation, or benefits offered.  Actual compensation for successful candidates will be carefully determined based on a number of factors, including the candidate’s skills, qualifications, education and experience.