The company is one of the leading investment companies that has succeeded in beating global markets for more than 20 years through innovation—in financial models, management models, culture and values. The hedge fund’s investing thesis is focused on “global macro”-- using fundamental data, and logical economic relationships, to trade a broad basket of asset classes. Founded more than 30 years ago by the Founder & Chief Investment Officer, the Company has risen to be one of the most respected investing firms in buy-side financial services, managing more than $170 billion in global investments for a wide array of institutional clients, including foreign governments and central banks, corporate and public pension funds, university endowments and charitable foundations. The Company has 1,000 employees and is based in Connecticut.
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Since the Long-Term Capital blowup, hedge funds have proliferated as never before. Their number reached about 8,532 as of 2006, according to HFR. In 2000, there were just 3,873 worldwide. Lately, the number of funds has grown even faster than the industry's total assets, with more than $1 trillion in total and counting.
Along the way, the firm has become a quiet giant of money management. Its customers include a number of large state retirement systems, foreign governments, pension funds and central banks.
Virtually unknown outside Wall Street circles until the financial crisis in 2008, the firm now surpasses Janus Capital Group Inc., which managed some of the hottest U.S. mutual funds during the 1990s bull stock market and today oversees $139.4 billion. The Company towers over the Magellan Fund, the $50.7 billion flagship of Boston-based mutual fund giant Fidelity Investments. In the hedge fund world, the competition for investors' cash -- and profitable trades -- is fiercer than ever. The founder himself predicted that hedge funds were headed for a shakeout akin to the dot-com bust of the late 1990s that occurred in the 2008 downturn.
There are three ingredients behind the Client’s success: its process, its people, and its culture. At the Company, they have invented, and keep inventing, superior approaches to investing and technology. They have fueled this innovation by recruiting talented, creative people from all backgrounds and promoting an invigorating and collaborative work environment. They are committed to the constant pursuit of excellence, and a meritocracy of ideas, not hierarchies, drives decision-making. The Founder publishes his philosophy for the Company on the public website for all to see.
Technology is central to their success and to maintaining their competitive edge. Their systematic approach to investing and creative use of technology make their proven track record possible. They’ve become thought-leaders in financial analysis, portfolio management, trade execution, and client service. They understand that in order to have the best performance, they have to have the best people, so they are constantly on the lookout for exceptional candidates from all backgrounds. No financial experience is required. What is required is creativity, initiative, conceptual intelligence, and a personality not only bent on relentless self-improvement, but also open to giving and receiving direct criticism in an environment where every employee is encouraged to challenge and criticize management of all levels.
Core Responsibilities: Reporting to the Head of Research Technology, the Head of Product for the hedge fund is responsible for partnering with the Research Technology Head on internal product road map, product management related responsibilities, including development prioritization, partnership with the business user side of research to help craft and deliver a robust set of features/functionality used to identify new investment correlations and insights. This is done using internal and external large data sets (big data), analytics and business intelligence tools, and visualization and presentation layer development that is intuitive and customizable.
Partnering with a team devoted to the use of technology in pursuit of systematic and fundamental understanding of financial markets. A product management expert who can guide development of robust, enterprise technology solutions while strategically modifying, improving, and fine-tuning the product management & product development process around them.
Finally, this individual should have as many as possible of the traits required to succeed in this leadership position:
The diagram here illustrates the intersection of competencies critical in the position:
The company’s software development team is approximately 20. The research business side analyst team is approximately 50. The total company size is approximately 1,000 spread out over 2 primary campuses in Connecticut.
Competitive with the position and market requirements. Being a heavily merit-driven culture, a base salary is supplemented with a strong bonus program driven by individual, department, and company results.
Please contact:
Clark Waterfall, BSG Team Ventures
Todd Hand, BSG Team Ventures
Diane Amador, BSG Team Ventures