Portfolio Manager (Fund of Funds)

Hirro
US
Remote

Job Description

Requirements

  • 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

What the job involves

  • 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,

Skills & Requirements

Technical Skills

hedge fund allocationmanager evaluationinvestment recommendationsportfolio risk managementportfolio analyticsfactor analysisperformance attributionAI proficiencycodingdata analysiscommunicationteam managementCFACAIAfinanceinvestment

Employment Type

FULL TIME

Level

mid

Posted

4/11/2026

Apply Now

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