EM Macro Strategist (Tier-1 Asset Manager)

Recruiter
Laz Partners
Location
London, United Kingdom
Salary
£100k - £140k
Posted
15 Nov 2022
Closes
15 Dec 2022
Ref
17294651
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
EM Macro Strategist: Tier-1 Global Asset Manager

We have been engaged by a leading global asset manager that is looking to hire an EM Macro Strategist to join their very successful EM Total Return team in London, working closely with a team of 3 Portfolio Managers that are running the firm's EM Macro Long/Short Absolute Return fund (one of the most well-respected in the industry).

The team has a strong 6-year track record with no down years, 2+ Sharpe ratio and approx. $1bn AUM. The typical investment time horizon is 1 week to 3-6 months, so it is important that the selected candidate can think in terms of shorter-term investment time horizons, while also having good experience generating Macro RV trade ideas (important). Someone with a background working with a longer investment time horizon (such as 6-12+ months or 1-2 years) or purely directional/long-only would unfortunately be unlikely to be considered.

The ideal candidate must have a strong macro/economic background, while also having strong idea generation experience across Rates, FX, and Sovereign Credit (and equity indices/macro equities is a plus). If someone is strong on at least 2 of the above asset classes, they might also be considered.

It is also important that the selected candidate also has a strong quantitative background (ideally Python and/or other languages), as another key part of the role (in addition to idea generation) will involve helping build out tools/frameworks to help improve the decision-making process on the team.

The preferred candidate should come from a strong Macro Strategy background (ideally with experience looking at the largest, most liquid EM markets), however as the team also takes risk in G10 markets, they would also consider someone with a G10 background that is happy to do more in EM, as well as some G10.

While this is not a PM role, this could eventually evolve into a risk-taking position after 2-3+ years if the selected candidate performs very strongly, however this is in no way a guarantee and will depend on performance.

This is a very high calibre team with good culture and the lead PM has a strong track record of over 20+ years in the industry, having previously spent time at some well-respected hedge funds, as well as another Tier-1 Asset Manager.

Why does this role exist:
  • This role has been created because the team wants to bring on someone with a strong macro strategy background that can help with idea generation, as well as building out tools & frameworks to help contribute to the overall performance of the team. With this hire, the team would grow to 4 people.

The Fund:
  • The fund is an absolute return Macro EM Long/Short strategy
  • 6-year track record, no down years, 2+ Sharpe Ratio
  • Approximately $1bn AUM (all institutional money) and growing
  • Typical investment time horizon is from 1 week to 3-6 months, although they have also kept thematic positions on for up to 2 years (for example in rates)
  • The fund predominantly invests in the larger, more liquid EM Markets (mostly), as well as G10 Markets
  • They will sometimes also look at frontier markets such as Egypt, Nigeria, as long as positions are quite liquid

The Team:
  • Small team, which means the selected candidate can have a large impact
  • Very collegial work culture and they encourage open debate between each other. It is important that anyone who joins fits in with the culture and is happy to challenge the views of others on the team, as they do not want someone that agrees with everything (eg. A "yes man" or "yes woman")
  • This role would be sitting directly with the PMs and working very closely with them, which means being very closely involved with trading and markets
  • Team culture is very much collaborative and friendly

Requirements:
  • 3-7 years' experience in a macro-focused role
  • Strong economic intuition & knowledge of the macro space
  • Experience with idea generation, building out tools, models, frameworks & portfolio construction
  • Good knowledge of Rates/FX and/or Sovereign Credit (and equity indices/macro equities is a plus)
  • Ability to confidently own trade ideas and not afraid to challenge others on the team
  • Must be confident enough to own their trade ideas and track record of ideas
  • Must have a fast real money/shorter-term tactical mindset and can think of good trades (RV and directional) on a 1-week to 3-6 month horizon.
  • Experience working on the buy-side or sell-side
  • Strong quantitative/coding background (important): VBA or Python (preferred)
  • Ability to take an idea/framework and focus on alpha generation within 1 week to 3-6 months
  • Good knowledge of derivatives and the best instruments to express an idea is a big plus (although not required)
  • Good ability to identify and highlight ongoing (and upcoming) macro themes
  • Strong academic background