Portfolio Manager, Emerging Market Macro

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Location:

London, GB

Job Function:
Fixed Income & Multi Asset

Job Type: Permanent

GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 locations around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest in worldwide.

Fixed Income
Our team employs a broad range of investment strategies that span macro, credit, and quantitative investing, including multi-asset, benchmark-agnostic, constrained, indexed, and thematic strategies.

Global Macro

We are seeking an experienced

Emerging Markets Portfolio Manager to join our Global Macro investment team. The successful candidate will be responsible for generating alpha through active management of rates, FX, and sovereign credit in emerging markets. This is an investment role with P&L accountability and a substantial discretionary risk mandate.

Manage a discretionary portfolio across rates, FX, and sovereign credit, translating macro and political-risk conviction into sized, hedged portfolio exposures.

Identify and implement macro and micro-driven opportunities across yield curves, FX pairs, and volatility surfaces.

Set the region's macro framework by developing views on monetary policy, fiscal trajectories, and political risk acrossCEEMEA (Central and Eastern Europe, the Middle East, and Africa) economies, and maintain the analytical edge that underpins portfolio decisions.

Manage risk with full accountability for position sizing, hedging, and drawdown management within mandate guidelines and departmental risk parameters.

Collaborate with strategists and economists to translate macro themes into actionable trade ideas.

Execute trades efficiently across linear and non-linear instruments with diligent delta-hedging capability.

Build and maintain a senior external network by engaging central banks, policymakers, sell-side research, and brokers across the region to sustain deal flow and market intelligence.

Contribute to cross-regional themes and relative value trades, bringing a CEEMEA perspective to broader portfolio construction discussions.

Communicate portfolio views, performance drivers, and risk metrics to senior management and investment committees.

10–15 years' experience managing discretionary macro portfolios, with deep, demonstrated expertise in CEEMEA

Strong, consistent track record managing a sizeable discretionary portfolio (rates, FX, and/or sovereign credit) with a disciplined portfolio management framework.

Strong macroeconomic foundations in CEEMEA economies, central bank policy frameworks, and political risk analysis, with an established network of senior regional contacts.

Strong market acumen with an in-depth understanding of derivatives (swaps, futures, options) used for hedging and expressing views.

Excellent communication skills, with the ability to present to CIO-level audiences and articulate complex macro views with clarity and conviction.

Demonstrated experience mentoring or managing junior investment professionals.

Fluency in English required; additional regional languages (Russian, Arabic, Turkish, etc.) a plus.