Equity Long/Short Portfolio Manager

About the Opportunity

We have partnered with a leading multi-strategy hedge fund ($10bn+ AUM) looking to make multiple Equity Long/Short Portfolio Manager hires for their Equity Long/Short platform in New York. The fund is well-capitalised, growing, and committed to backing experienced risk-takers with meaningful resources, autonomy, and competitive payouts. The investment platform is structured to reward long-term performance and provides excellent infrastructure and support, with a strong emphasis on collaboration, cross-team knowledge sharing, and best-in-class risk management. The fund is particularly focused on onboarding PMs with deep sector expertise in financials, industrials, healthcare, materials, and energy.

Responsibilities

• Manage a discretionary Equity Long/Short portfolio, with a primary focus on US equities, ideally within financials, industrials, healthcare, materials, or energy sectors.
• Deploy a bottom-up, fundamental investment approach within a defined universe and risk budget.
• Generate and execute investment ideas on both the long and short side, within a well-defined risk management framework.
• Collaborate with internal teams including risk, operations, and compliance to ensure seamless execution and adherence to platform guidelines.
• Contribute to a culture of transparency, collaboration, and performance-driven decision-making.

About You

For Associate PMs: 1.5–2+ years of full track managing $100M–$150M+ with average PnL of $15M–$20M+ annually. For Senior PMs: 3–5+ years managing $250M–$300M+ with a multi-year average PnL of $20M–$40M+. Equity Long/Short strategies with a strong tilt toward US equities; broader DM equity exposure is also of interest. Preference for market-neutral approaches, though more directional-biased strategies will be considered where risk is tightly controlled. Ideally a career Sharpe ratio of 1.5+. Demonstrated resilience during tougher market environments (Eg. 2022). Entrepreneurial mindset and ability to thrive in a high-performance, collaborative environment. Demonstrated discipline, independence, and accountability in investment decision-making.

Benefits

The fund is open to both Senior PMs and Associate PMs, with particular interest in candidates running strategies that are US Equities dominant. Preference is given to market-neutral strategies, however the fund is open to more directional approaches where there is a clear and disciplined risk framework in place.

About Company

Our client is open to both Senior PMs and Associate PMs, with particular interest in candidates running strategies that are US Equities dominant. Preference is given to market-neutral strategies, however the fund is open to more directional approaches where there is a clear and disciplined risk framework in place.