We are searching for a highly self-motivated, intelligent, and curious Analyst who is eager to build a foundation in risk analysis to join our small and entrepreneurial team. In this role, you will help us understand the managers we seed and advise - curating their performance and exposure data, safeguarding investment integrity, and turning it into the reporting our investment team relies on. It is a hands-on seat with direct exposure to senior decision-makers and external managers, ideal for someone who takes ownership, looks for the questions behind the data rather than waiting to be asked, and wants to learn the mechanics of the hedge fund world from the inside and grow with us over time.
This role is best suited for someone with practical familiarity across global macro asset classes, including equities, rates, credit, FX, and commodities, and who understands common linear and non-linear instruments impact exposure, P&L attribution, and risk. The ideal candidate does not need to be a trader, but should be comfortable looking at a portfolio and asking the right questions about market risk, directional exposure, leverage, option sensitivities, and unexpected changes in performance or exposure.
What you'll do:- Understand and curate hedge fund performance and exposure data sets from major portfolio management systems and risk management systems, including:
- Collect, clean, and enrich hedge fund portfolio data from different sources to upload into databases.
- Analyze hedge fund exposures across global macro asset classes, including equity indices, interest rates, credit, FX, and commodities.
- Review and validate exposures from common macro instruments, including cash securities, ETFs, futures, forwards, swaps, bonds, CDS/CDX, and listed or OTC options.
- Monitor changes in key risk measures such as notional exposure, market value, delta-adjusted exposure, beta, duration/DV01, spread duration, option Greeks, VaR, stress-test results, and drawdown behavior.
- Investigate unusual moves in performance, exposures, leverage, or risk-system outputs, and escalate findings clearly to the investment team.
- Help translate manager-level portfolio data into practical investment-risk insights, including what drove P&L, where risk is concentrated, and how exposures may behave under different market scenarios.
- Produce routine performance attribution and exposure reporting in conjunction with market coverage.
- Participate in regular conversations with external hedge fund managers and take notes.
- Assist the investment team in hedge fund manager and industry research projects.
- Build innovative data handling, management and analysis tools from scratch with AI support.
Requirements:
- 1-3 years of relevant experience in risk, portfolio analytics, middle office, derivatives operations, investment data, fund analytics, or related work at a hedge fund, asset manager, bank, risk vendor, or financial institution.
- Working knowledge of global macro asset classes: equities, interest rates, credit, FX, and commodities.
- Familiarity with both linear instruments, such as equities, bonds, futures, forwards, swaps, and ETFs, and non-linear instruments, such as options, swaptions, caps/floors, or other volatility-linked products.
- Ability to interpret common risk concepts, including beta, duration, DV01, convexity, credit spread risk, FX exposure, commodity exposure, delta, gamma, vega, theta, carry, roll-down, leverage, VaR, stress testing, and drawdowns.
- Working experience in Microsoft Excel, SQL, and Python. Previous exposure with Bloomberg or MSCI RiskMetrics is a plus.
- CFA Level I, FRM Part I, or equivalent self-study in markets, derivatives, or risk management is a plus.
- BA/BS degree in mathematics, statistics, finance, computer science, or related field preferred.
- A collaborative team player.
- Strong attention to detail.
- A quick learner who welcomes a challenge.
- Strong execution - delivers quality work on time, even against tight deadlines.
- This role must be onsite 4-5 days per week in our Santa Monica office.
What you'll get:- All the resources you'll need to learn and grow.
- Independence to run with your ideas.
- Joining an elite team that works with some of the most sophisticated investors and entrepreneurs in the world.
- Generous benefit programs including options for health, dental, vision, disability, life insurance, 401K plan (with matching), flexible vacation, and sick leave.
- Delicious, daily lunches and snacks.
- Beautiful office space with amazing ocean views.
Applicants must be authorized to work in the U.S. Visa sponsorship for this position is considered on a case-by-case basis.
Salary Range: $90,000-$110,000. Compensation may vary based on experience, training, and education. This position is eligible for an annual discretionary bonus.
