Portfolio Manager | Base + Sharpe based Payouts

We are partnered with a mid-sized, New York–based hedge fund that operates with a prop trading firm structure, running multiple independent trading desks across a wide range of products. The firm blends systematic and discretionary trading in what some describe as a “grey box” approach.

The core of the business is market making and arbitrage, particularly in ETFs (quoting ~250 products), bonds, and convertibles, with additional activity in commodities and some crypto. Most desks are single-PM operated, and holding periods vary widely by strategy—from intraday ETF market making to multi-month special situations trades (e.g., convertibles).

• $5mm PnL minimum, $10mm + 2.5 Sharpe is sweet spot
• Risk - $50mm-$100mm margin would be some of the bigger desks
• Smaller desks use single digit millions & have a high Sharpe

Capital constraints are now minimal thanks to a diversified investor base that is supportive of scaling the platform. Capacity, not capital, is typically the constraint - so let’s chat and determine if your strategy is a good fit.

If more comfortable sending strategy info/resume over email, feel free to submit directly to gareth@delmarnord.com