Senior Portfolio Manager - Remote/Hybrid - Standard Normal

Standard Normal

Senior Not specified Remote

Posted 1 week ago

Job summary

Join Standard Normal's team as a Portfolio Manager, where you'll lead investment sourcing and portfolio construction for hedge funds. Use your expertise in risk management and strong analytical skills to optimize uncorrelated return streams. The firm offers a sign-on bonus and performance-based incentives while navigating uncharted investment strategies. Apply now to take your career to the next level in a dynamic player in the fund of hedge funds space!

Role details
Role
Full-time
Industry
Investment Management
Employment
Fulltime
Experience
5 Years +
Education
Bachelor's Degree
Responsibilities
  • Identify small, differentiated, and capacity-constrained managers across various strategies
  • Conduct in-depth diligence on investment processes and operational controls
  • Build a diversified portfolio based on correlation analysis and volatility-adjusted expectations
  • Maintain ongoing dialogue with managers to ensure adherence to strategies
  • Support investor communications with portfolio updates and strategic insights
Requirements
  • 5–15 years of experience in hedge fund allocation, research, portfolio construction
  • Understanding of alternatives and strategy evaluation
  • Demonstrated skill in analyzing performance and risk across differentiated strategies
  • Experience with small, niche, or emerging managers is beneficial
  • Excellent analytical, written, and verbal communication skills
Benefits
  • Sign-on bonus
  • Performance-based incentive compensation
Key skills
Hedge Fund Strategies Investment Sourcing Portfolio Construction Manager Diligence Risk Management Analytical Skills Communication Skills
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    Portfolio Manager
    Firm:
    Standard Normal

    Fund:
    Normal Zero Two LP (Fund of Hedge Funds)

    Location:
    New York, NY (Remote or Hybrid)

    About Normal Zero Two LP
    Normal Zero Two LP (“N02”) is a differentiated fund of hedge funds designed to give private investors access to uncorrelated, liquid, and often overlooked investment strategies traditionally unavailable to those without institutional scale. N02 serves as a modern alternative to traditional allocations, offering better diversification, enhanced liquidity, and attractive absolute returns with lower drawdowns.


    N02 is managed by Standard Normal and leverages a rigorous, experience\-driven investment process honed through decades of capital allocation, risk management, and direct investing across asset classes.

    Role Summary
    We are seeking a
    Portfolio Manager
    to lead investment sourcing, manager diligence, portfolio construction, and ongoing monitoring of 10–20 underlying hedge fund and alternative strategies within N02\. The ideal candidate has knowledge of hedge fund strategies, strong judgment in manager selection, and the discipline to manage a portfolio optimized for uncorrelated return streams and liquidity.

    Responsibilities
    Manager Sourcing \& Selection
    Identify small, differentiated, and capacity\-constrained managers across equity long/short, special situations, commodities, volatility, systematic, and discretionary strategies
     Maintain a proprietary sourcing network to uncover under\-the\-radar opportunities
    Evaluate edge sustainability, trade\-level performance consistency, and risk alignment
    Investment \& Operational Due Diligence
    Conduct in\-depth diligence on investment process, team structure, historical performance, and operational controls
    Ensure alignment of interests through manager co\-investment and strong internal risk frameworks
    Portfolio Construction \& Risk Management
    Build a diversified portfolio based on correlation analysis, volatility\-adjusted expectations, and persistency of returns
    Allocate dynamically across strategies based on opportunity sets
     Monitor portfolio concentration, cross\-strategy correlation, and liquidity exposure
    Active Monitoring \& Capital Reallocation
    Maintain ongoing dialogue with managers to ensure adherence to stated strategy
     Reallocate capital proactively in response to manager drift, underperformance, or shifting market regimes
    Investor Support \& Strategy Articulation
    Support investor communications with portfolio updates, performance attribution, and strategic insights

    Qualifications
    (Guideline Range)
    5–15 years of experience in hedge fund allocation, research, portfolio construction
    Understanding of alternatives and strategy evaluation
     Demonstrated skill in analyzing performance and risk across differentiated strategies
    Experience with small, niche, or emerging managers is beneficial
     Excellent analytical, written, and verbal communication skills
    Bachelor’s degree required; advanced degree(Quantitative masters, MBA or CFA) beneficial
    Key Attributes
    Independent thinker with sound investment judgment
    Skeptical of institutional herd behavior and scale\-driven constraints
     High attention to operational discipline and risk management
    Personally aligned with investors through a performance\-based mindset
    Compensation \& Alignment
    Sign\-on bonus
    * Performance\-based incentive compensation