Portfolio Manager jobs in United Arab Emirates

Alex Lazaridis

Role Overview:

We have partnered with a fast-growing alternative investment manager in Dubai looking to hire a long/short equity portfolio manager for their hedge fund unit. The business has a world-class investment team, spanning multiple asset classes and strategies, as well as plans to scale rapidly.

This expansionary PM hire, reporting directly to the CIO, offers flexibility around sector coverage and investment framework, provided there is sizeable exposure to US Equities (ideally 60%-70%+) in the book, as well as broad sector/sub-sector coverage (ideally within TMT/Consumer), without being too niche.

The ideal candidate will be running a market-neutral strategy, with a DM focus (mostly US Equities) and 3-5+ years of track record as a PM.

Starting book size can range from $100m-$300m+ (depending on experience) and there is scope for any successful PM to eventually hire analysts and build a team, depending on performance.

Additionally, our client offers more flexible risk limits/drawdown limits compared to most multi-strat funds, while also having an entrepreneurial and collaborative culture.

Requirements & Qualifications:

• 7-10+ years of experience, with at least 3-5+ years as a long/short equity portfolio manager or associate portfolio manager, running a market-neutral strategy
• Demonstrable track record (3+ years), with high single-digit/low-double digit average annualized returns, mostly generated from large-cap US equities (and the remainder from other DM equity markets).
• A clear investment framework outlining your strategy and approach to risk management
• The strategy should be focused on large, liquid names and ideally multiple sectors, including technology/TMT or consumer (however not too niche and tilted towards one sub-sector such as healthcare or mining)
• Previous experience at a large multi-strategy hedge fund as an associate portfolio manager would be a big plus
• Ideal candidates may have completed or be nearing the end of a non-compete period and are ready to transition to a new opportunity (as our client is looking for PMs that can launch by Q1 2025)

Job ID EquityL/S PM 6

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