I saw this post on a job portal, stating its unlimited funds. Sounds very interesting, because I can immediately start my own hedge fund, and basically start my own business.

Seems like there’s just too much demand from the wealthy people around, but little supply of good fund managers:

Are you a portfolio manager with a strong track record, looking to work in an autonomous hedge fund environment where you can implement your strategy and make a contractual % (cash).

My client is a multibillion dollar hedge-fund that operates a multi-strategy approach. They provide capital and infrastructure and help successful hedge fund managers to make the move into running their own fund.

The autonomy in running your own business unit removes the politics of working within a larger organization. They do not micro-manage and based on your risk limits provide you the freedom to trade your strategy and concentrate on performance rather than internal bureaucracy. They offer contractual % deals on your P&L – between 15 – 20 % and unlimited access to capital allowing successful strategies to ramp up rapidly.

The Task:

* Manage your own portfolio and business unit. This is a fully independent platform and although they have infrastructure and a platform, you will need a clear business plan around strategy and how to execute that strategy.

Min Criteria:

* You must be currently trading your strategy with a target of at least $10m+ for 2010.
* Historical track record generating P&L north of $10m+ in 2009 & 2008.
* Realised sharpe of at least 2+
* A clearly defined market neutral strategy that trades liquid products.
* Must be able to build your own business and have a credible plan to get the strategy up and running with a clear business plan and credible idea of how scalable the strategies are (i.e. market impact).
* Max Draw Down of -7% in a month.

I am also glueing my eye on the market neutral strategy required by the fund supplier. Hmm.