Portfolio Manager, Equity Long/Short - Industrials

Portfolio Manager, Equity Long/Short - Industrials

New York City | Multi-Strategy Hedge Fund Platform | Backed by a $50bn+ Global Investment Manager

Our client is the multi-strategy hedge fund arm of a globally recognised investment management firm overseeing more than $50bn in assets. As part of a significant strategic expansion, they are seeking to hire an experienced Equity Long/Short Portfolio Manager focused on Industrials to establish and scale a dedicated strategy from their New York office.

This represents a rare opportunity for an experienced PM to join a well-capitalised platform that combines the entrepreneurial freedom of running an independent book with the stability, infrastructure, and long-term mindset of a major institutional asset manager.

The Opportunity

Unlike traditional pod shops, this platform operates within a highly collaborative environment where Portfolio Managers are viewed as long-term strategic investments rather than short-term performance hires.

The successful candidate will be responsible for building and managing a dedicated fundamental Equity Long/Short Industrials strategy , with full ownership of idea generation, portfolio construction, position sizing, risk management, and overall investment decisions.

Each PM runs a standalone book and has significant autonomy over how they construct and manage their strategy. The firm is particularly interested in experienced investors with a repeatable investment process, a demonstrated ability to generate alpha on both the long and short sides, and the potential to scale meaningful institutional capital over time.

Platform Highlights

• Opportunity to launch and lead a dedicated Equity Long/Short Industrials strategy
• Significant capital allocation available from day one
• Backing of a global investment manager with substantial resources and permanent infrastructure
• Ability to operate as a standalone PM or build out a team of up to five analysts
• Independent book ownership with significant investment autonomy
• Flexibility to construct a portfolio around the PM's existing investment style and areas of expertise within Industrials
• Collaborative culture that encourages information sharing without forcing centralised investment decision-making
• Long-term commitment to Portfolio Managers, reflected by an average PM tenure of approximately 7.5 years
• Drawdown limits materially more flexible than those typically offered by multi-manager pod platforms
• Competitive economics, including strong P&L participation alongside a guaranteed base salary
• No draw arrangement

Candidate Profile

The ideal candidate will possess:

• A demonstrable track record managing or taking significant investment responsibility for a fundamental Equity Long/Short strategy
• Deep expertise across Industrials , with the ability to generate differentiated long and short ideas
• Experience investing within a hedge fund, asset manager, family office, or similar institutional environment
• A clearly defined and repeatable fundamental investment process
• Strong company-level research capabilities, including financial modelling, valuation, management assessment, and variant-view idea generation
• Evidence of consistent risk-adjusted performance across varying market environments
• Strong understanding of portfolio construction, factor exposures, sizing, liquidity, gross/net exposure, and drawdown management
• A strategy capable of scaling meaningful institutional capital
• The desire to build a long-term franchise within a stable platform rather than operate under highly restrictive pod-shop conditions

Why This Role?

This opportunity offers a compelling alternative to the traditional multi-manager model.

Rather than joining an environment built around short evaluation periods and highly restrictive risk parameters, the successful candidate will have access to meaningful capital, greater risk flexibility, institutional-grade infrastructure, and the opportunity to build a durable Industrials franchise over the long term .

For an experienced Equity Long/Short Industrials investor looking for the autonomy of running their own book without sacrificing the resources and stability of a major investment platform, this represents a highly differentiated opportunity.