Fund Manager (long short)

Job Title: Fund Manager Alternative Investment Fund (Long-Short Equity)

Location: Mumbai, India (BKC)

Reports to: Chief Investment Officer (CIO)

Employment Type: Full-time

Role Overview

We are seeking a high-caliber Fund Manager to lead our Long-Short Equity Alternative Investment Fund (AIF Category III). The successful candidate will be responsible for alpha generation through a market-neutral or directional long-short strategy, primarily focusing on Indian equities and derivatives. This role requires a sophisticated understanding of stock picking on both the long and short sides, leverage management, and institutional-grade risk controls.

Key Responsibilities

• Portfolio Strategy & Execution: Develop and implement a robust long-short investment framework. Actively manage the funds net and gross exposure to capitalize on market inefficiencies and volatility.
• Alpha Generation: Identify undervalued "Long" opportunities and overvalued "Short" candidates through deep fundamental research, forensic accounting, and technical analysis.
• Derivative Management: Utilize index and single-stock futures/options to hedge tail risk, manage beta, and express specific bearish views.
• Risk Management: Monitor real-time portfolio risk metrics including VaR (Value at Risk), liquidity constraints, and drawdown limits. Ensure the fund operates within SEBI Category III mandates.
• Performance Reporting: Lead monthly attribution analysis to explain P&L drivers to investors and internal stakeholders.
• Team Leadership: Oversee a team of research analysts and traders; foster a culture of rigorous intellectual honesty and data-driven decision-making.

Required Qualifications & Skills

• Education: MBA in Finance from a premier institute (IIM/ISB/International) or a Chartered Accountant (CA) designation.
• Certification: CFA Charterholder or CAIA (Chartered Alternative Investment Analyst) is highly preferred.
• Experience: 812+ years of experience in Indian equity markets, with at least 3 years of verifiable track record in managing a Long-Short or Hedge Fund mandate.
• Technical Proficiency: * Deep understanding of the Indian Derivatives market (F&O segment).
• Familiarity with quantitative tools and platforms (Bloomberg, Reuters, Python/R for backtesting is a plus).
• Regulatory Knowledge: Strong grasp of SEBI (AIF) Regulations, 2012, and subsequent amendments regarding leverage and reporting.