Portfolio Manager (Fund of Funds)

🌍 Remote, USA 🎯 Full-time 🕐 Posted Recently

Job Description

Equi is seeking a high-trajectory investment professional with a genuine passion for investing who wants to develop alongside a rapidly growing firm building differentiated products in the alternatives space,
This is an opportunity for a high-trajectory investment professional with a genuine passion for investing who wants to build something meaningful,
We're looking for someone who wants to build, both the portfolio and the firm,
5+ years of experience in hedge fund allocation, either as an allocator (fund of funds, endowment, pension, family office) or in a senior advisory/consulting role,
Track record of successful manager evaluation and investment recommendations,
Deep understanding of hedge fund strategies, fund structures, liquidity terms, and operational requirements across pooled vehicles, SMAs, and swap structures,
Strong liquidity management experience—understanding of fund-level redemption terms, notice periods, gates, lock-ups, and how to construct portfolios that balance return optimization with liquidity needs,
Experience with portfolio risk management including stress testing methodologies, scenario analysis, and managing through periods of market stress or fund-level gates,
Investment operations knowledge including subscription/redemption processes, NAV reconciliation, capital call management, and coordination with fund administrators and custodians,
Experience with portfolio analytics, factor analysis, and performance attribution,
Prior experience managing or mentoring junior team members,
Strong AI proficiency, ability to leverage AI tools to enhance research, analysis, and workflow efficiency,
Strong analytical capabilities and ability to synthesize complex information into actionable recommendations,
Excellent communication skills, able to articulate investment theses and risk considerations clearly to both sophisticated investors and internal stakeholders,
Genuine passion for investing and markets—intellectually curious, always learning, and deeply engaged with investment ideas,
Master's degree in Finance, Economics, or related quantitative field preferred,
CFA or CAIA designation a plus,
Trading experience a plus, particularly for management of portable alpha or overlay strategies,
Strong technology aptitude; coding or data analysis experience a plus

You will report directly to the Chief Investment Officer and serve in a leadership role on the Investment Committee,
Equi is seeking a high-trajectory investment professional with a genuine passion for investing who wants to develop alongside a rapidly growing firm building differentiated products in the alternatives space,
You will work closely with the CIO to source, underwrite, and monitor hedge fund managers while contributing to portfolio construction and optimization decisions,
You will also manage a junior quant researcher, directing analytical projects and developing talent as part of building out the investment team,
Equi accesses managers through a mix of pooled funds, separately managed accounts (SMAs), and swap structures, requiring nuanced navigation of varying liquidity terms, transparency levels, and operational requirements,
As a member of the Investment Committee, you will have a direct voice in capital allocation and strategic direction,
As the funds platform scales and new fund of funds products are developed, there is a clear path to broader responsibility and the potential to lead dedicated strategies,
Near-term focus will center on manager due diligence, portfolio risk, and liquidity management, with increasing ownership of portfolio construction and capital allocation decisions over time,
You'll lead comprehensive due diligence on hedge funds, hybrid strategies, and private credit managers—evaluating investment edge, team quality, risk management, and operational infrastructure,
Source proprietary deal flow through industry relationships and systematic market mapping,
Develop and present investment recommendations to the CIO and Investment Committee with clear thesis articulation and risk assessment,
Build and refine data-driven frameworks for manager evaluation and selection,
Monitor existing manager relationships through regular engagement, performance evaluation, and strategic alignment reviews,
Own the portfolio risk function—developing and maintaining risk frameworks, factor exposure analysis, and concentration monitoring across the fund of funds,
Design and execute stress testing scenarios including liquidity stress tests, market drawdown simulations, and correlation breakdown analysis,
Manage gate risk and redemption queue scenarios—modeling portfolio liquidity under stress conditions and maintaining appropriate liquidity buffers,
Build and maintain risk dashboards including performance attribution, drawdown analysis, and exposure reporting,
Manage liquidity across a complex structure of pooled funds, SMAs, and swap exposures—each with distinct redemption terms, notice periods, and operational requirements,
Track and forecast cash positioning across fund structures, ensuring redemption capacity aligns with investor terms and subscription/redemption cycles,
Coordinate with fund administrators, custodians, and swap counterparties on operational execution,
Manage and mentor a junior quant researcher—setting priorities, directing analytical projects, and developing their capabilities,
Define research agenda and delegate quantitative analysis, data projects, and manager screening tasks,
Build team processes and infrastructure as the investment team scales,
You'll serve as a member of the Investment Committee, contributing to portfolio construction, manager sizing, strategy allocation, and risk budgeting decisions,
Develop capital allocation recommendations and flag rebalancing considerations based on evolving conviction levels and portfolio needs,
Partner with the CIO on vehicle selection decisions—evaluating trade-offs between pooled funds, SMAs, and swaps based on liquidity needs, transparency requirements, and fee structures,
Collaborate with product and engineering on proprietary tools for portfolio management, risk analytics, and liquidity forecasting,
Collaborate with legal and compliance on governance frameworks for manager relationships and investment vehicles,
Support sales and client-facing teams with investment insights, risk reporting, and due diligence materials,
Represent the firm with managers, allocators, and industry stakeholders,
Contribute to new product development initiatives as the platform expands