Hedge Fund Operations

2 weeks ago


London, United Kingdom eFinancialCareers Full time

CassonX are delighted to be the exclusive recruiter for this start-up Global Macro Hedge Fund, where the Head Trader, Head of Quant, Lead PM and Head of Ops come from one of the worlds leading alternative strategy asset managers. With a a very sizeable launch,and the $300m seed investment locked in for over 2 years, and 2 new funds already raising assets for imminent launch, CassonX are thrilled to hire the first dedicate Operations resource for them, especially as they have already grown the AUM by 15% throughsuccessful trading strategies, in a very short period of time. The hiring manager has proven experience of bringing in those with little experience, and developing and training them further. This is what they are looking to achieve again with a successfulhire. It really is a fantastic opportunity.

To be considered for this role, CassonX are looking for someone who will be excited to join a hedge fund in the very early stages, but will appreciate the pedigree of those around them, and the lock in of assets will see it as a relatively safe opportunity.Ideally the would like someone at the start of their career, and has gained some varied experiences in a competitor hedge fund. However, they would consider those coming from a multi asset Prime Brokerage role, or even someone in a more traditional asset managementfirm. Even though this is a global macro strategy, sound knowledge of of exotic and structured Listed and OTC Derivatives is deemed highly advantageous, especially knowledge of Options, Exotic Options and Rates from an Operations or Trade Support background.

This incredibly broad role will show you all aspects of the middle office process, and sitting directly with the rest of the business too. Some responsibilities include:

- Daily fund transaction, position and cash reconciliations
- Transaction matching and confirmation for all listed & OTC derivatives transactions
- Liaison with traders to ensure timely resolution of trade booking errors
- Work in partnership with the Prime Brokers for resolution of matching & settlement issues
- New product set up, testing and analysis, static data management
- Monitoring & reporting of counterparty exposure reporting, including collateral and relevant risk management
- Monitoring the funds’ financing terms and taking action to optimize financing
- Review of the Fund Administrators calculation of the dealing NAV and NAV estimates
- Calculating and instructing Share Class hedges and explain return divergences

Further details are available to those who submit a relevant CV.



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