Portfolio Manager, Index Rebalancing Strategies

New York City | Multi-Strategy Hedge Fund Platform | Backed by a $50bn+ Global Investment Manager

Our client is the multi-strategy hedge fund arm of a globally recognised investment management firm overseeing more than $50bn in assets. As part of a significant strategic expansion, they are seeking to hire their first Portfolio Manager focused on Index Rebalancing strategies to establish and scale the capability from their New York office.

This represents a rare opportunity for an experienced PM to join a well-capitalised platform that combines the entrepreneurial freedom of running an independent book with the stability, infrastructure, and long-term mindset of a major institutional asset manager.

Unlike traditional pod shops, this platform operates within a highly collaborative environment where Portfolio Managers are viewed as long-term strategic investments rather than short-term performance hires.

The successful candidate will be responsible for building and managing a dedicated Index Rebalancing business, with full ownership of investment decisions, risk management, and execution. Each PM runs a standalone book and acts as the sole trader for their strategy, benefiting from direct control over implementation and portfolio construction.

The firm is particularly interested in meeting PMs whose strategies have the potential to scale significantly and deploy in excess of $1bn of capital over time.

• Launch and lead the firm's dedicated Index Rebalancing effort
• Significant capital allocation available from day one
• Backing of a global investment manager with substantial resources and permanent infrastructure
• Ability to operate as a standalone PM or build a team of up to five analysts
• Independent book ownership with full investment autonomy
• Collaborative culture that encourages information sharing without forcing centralised decision-making
• Long-term commitment to Portfolio Managers, reflected by an average PM tenure of approximately 7.5 years
• Drawdown limits materially more flexible than those typically offered by multi-manager pod platforms
• Competitive economics including a strong P&L participation structure alongside a guaranteed base salary

The ideal candidate will possess:

• A demonstrable track record managing an Index Rebalancing strategy
• Experience running capital in a hedge fund, proprietary trading firm, asset manager, or similar institutional environment
• Evidence of consistent risk-adjusted returns across varying market environments
• A strategy capable of substantial institutional scaling
• Strong execution expertise and a deep understanding of index event-driven dynamics
• The desire to build a long-term franchise within a stable platform rather than operate under highly restrictive pod-shop conditions

This opportunity offers a compelling alternative to the traditional multi-manager model. Candidates will gain access to meaningful capital, significantly greater risk flexibility, and a platform designed to support durable franchises rather than optimise for short-term performance cycles.

For experienced Index Rebalancing PMs seeking a differentiated environment with patient capital, institutional backing, and genuine long-term upside, this is one of the most attractive opportunities currently available in the market.