Investment Associate

Frec is building the modern investment platform for high-net-worth investors. We combine self-directed investing with continuously managed strategies in a single brokerage account, bringing capabilities traditionally delivered through wealth managers directly to our customers.

We see AI as a way to make sophisticated investing more personal and intuitive. The investment infrastructure we’ve already built gives us a foundation to help customers make better decisions without giving up control of their financial lives.

Customers have entrusted us with $1.5 billion in assets, up 4x in the last year. We’re backed by Greylock and have reached this scale with a small team. The people who join now will help build the primary investment platform for a new generation of investors.

We’re hiring a Portfolio Manager to oversee thousands of customer portfolios and help build an AI experience that gives every Frec customer access to a personal portfolio manager.

You’ll help ensure our portfolios are behaving as intended, understand what’s driving their performance, and investigate when something needs attention. You’ll work closely with our investment team and engineers to improve how we manage portfolios at scale.

The opportunity goes beyond overseeing portfolios. You’ll help turn your investment expertise into a product that helps customers understand their investments and make better decisions. That means shaping how AI analyzes a customer’s portfolio and explains the tradeoffs, with licensed human oversight where judgment matters most.

This is a highly technical, hands-on role for someone who knows systematic long/short equities deeply and wants to build. You should be as comfortable investigating a portfolio issue as you are collaborating with engineers to design scalable portfolio systems.

Manage portfolios at scale: Oversee thousands of customized equity accounts. Monitor performance against benchmarks, review risk exposures, and define automated checks for tracking error, cash balances, and factor exposures.

Enhance strategies. Bring insights from live portfolios to researchers. Help refine portfolio construction, risk monitoring, risk and performance attribution, and support the testing and rollout of new investment capabilities. Help design alerts to surface unexpected behavior, focusing human attention where judgment matters most.

Maintain tax-awareness & compliance: Consider tax-awareness throughout portfolio implementation, including awareness of US tax regulations relevant to both long only and long/short equity investing. Ensure compliance with all internal and external rules and regulations.

Build our AI experience: Partner with product and engineering to translate your quantitative expertise into automated portfolio analysis, personalized guidance, and rigorous real-world test cases for AI outputs.

Set a high bar for investment accuracy. Develop real-world test cases and evaluate AI-generated analysis and recommendations. Identify missing context or flawed assumptions. Work with compliance to establish appropriate boundaries and determine when a licensed professional needs to review a decision.

Work directly with customers. Explain portfolio performance and help customers evaluate complex investment decisions, including concentrated-stock transitions and the tradeoff between tax efficiency and tracking risk. Turn recurring questions into capabilities we can build into the product.

Proven PM

Experience:

5+ years of quantitative equity portfolio management with direct responsibility for decisions and outcomes—not only research or client coverage, strongly preferring experience with long/short strategies. Quantitative equity research experience is a…