Discretionary Equity Portfolio Manager

hermeneutic research is a best-in-class proprietary trading firm. It deploys research-driven discretionary and systematic strategies as well as makes strategic long-term investments. The partners’ decade-long history of success in trading and business building and a firm-wide cultural emphasis on alpha generation, open debate, relentless iteration, and teamwork are key to the firm’s continued expansion in a challenging market environment that has hamstrung competitors.

A hard-wired emphasis on risk management and opportunistic market participation ensures that hermeneutic research will continue its growth trajectory in the coming decades.

As an exceptional portfolio manager with a demonstrable track record, you will build and manage a discretionary, event-driven long-short equity portfolio across US equities. The initial focus will be on crypto-related equities, complementing our existing digital asset business and drawing on the firm’s knowledge and research capabilities, with flexibility to pursue compelling opportunities across the broader US equity universe.

This is an opportunity to help shape the firm’s expansion into a new asset class. Working closely with the firm’s leadership, you will have significant ownership of the strategy, areas of focus, and portfolio approach, while helping establish the capabilities needed to support and scale your trading activity.

You will have extensive support and resources at your disposal. hermeneutic’s specialized trading business, research-driven culture, and technology and data infrastructure provide a foundation on which to build. You will collaborate with researchers, traders, and engineers to adapt and extend these capabilities to support discretionary equity trading.

This role offers ownership across the full investment lifecycle, from idea generation and catalyst analysis through portfolio construction, trade execution, and risk management. With trading horizons ranging from days to months, you will combine independent investment judgment with disciplined risk-taking to identify asymmetric opportunities and deliver consistent, risk-adjusted performance across different market environments.

• Develop, manage, and continually refine a discretionary, event-driven long-short equity trading strategy.
• Draw on the firm’s digital asset expertise to inform crypto-related equity trades, while independently sourcing opportunities across the broader US equity universe.
• Translate investment views into portfolio positions, with responsibility for portfolio construction, position sizing, trade execution, and risk management.
• Maintain a disciplined investment process and adapt positioning as market conditions, catalysts, and risk/reward dynamics evolve.
• Collaborate with researchers, traders, and engineers to develop and apply the firm’s capabilities to research, portfolio monitoring, and execution.
• Take ownership of portfolio performance, with a focus on generating consistent, risk-adjusted returns while operating within the firm’s risk framework.
  Must-Haves
• A degree in Finance, Economics, Mathematics, or a related field.
• At least 5 years of relevant equity trading or investment experience, ideally in a hedge fund, proprietary trading firm, or other institutional investment firm.
• A demonstrable, attributable track record in discretionary long-short equity trading, ideally with an event-driven focus, supported by historical performance data available for review.
• An interest in applying equity trading expertise to crypto-related companies; prior research or trading experience in the sector is preferred.
• Strong risk management discipline, with a clear understanding of portfolio volatility, drawdown management, and…