Team Overview
The Portfolio Management team is responsible for implementing the firm’s quantitative investment strategies and managing market frictions. The team is specifically involved in portfolio construction, risk management, portfolio finance, and cash and corporate action management, as well as trading/execution. The team works very closely with other investment teams such as Research and Technology on a number of firm-wide projects and initiatives.
Job Overview
This position involves working as a member of the portfolio management team with a particular focus in portfolio finance. At Arrowstreet, portfolio finance encompasses all of the details related to building levered portfolios that short equities and synthetic securities. The goal is to assist in incorporating portfolio financing economics into the investment process. The role will involve assisting with the scheduled portfolio rebalance process and the ongoing management of the portfolio finance function. Additionally, candidates can expect to contribute meaningfully to long-term analytical projects that will span a broad array of subject matter and help improve portfolios we manage.
Responsibilities
The typical responsibilities include, but are not limited to the following:
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Contribute to ongoing processes related to portfolio finance and shorting
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Work with internal teams on numerous initiatives to incorporate portfolio finance economics into the investment process and enhance related processes
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Assist in the forecast and trade review processes
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Explore modifications to financing structure with counterparties to improve portfolios
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Apply econometric skills to complex analytical projects designed to inform decisions related to process modifications and enhancements
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Monitor portfolio positions and risk factor exposures and provide feedback to senior members of Portfolio Management and Research
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Provide market color related to significant market events that may affect portfolio positioning and may lead to data or process overrides
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Contribute to the team’s morning meeting
Qualifications
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Bachelor’s degree in quantitative finance, or a related analytical discipline (such as financial engineering, mathematical finance, or quantitative economics). Those graduating in May/June 2025 are encouraged to apply.
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Graduate work towards a quantitative finance degree is encouraged.
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Experience through former roles, internships or coursework to (a) portfolio management, to include portfolio theory, risk factor exposure analysis, or quantitative investment; or (b) in quantitative research
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Meaningful knowledge related to financial and equity markets
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Experience through former roles, internships or coursework to: (i) running database queries and managing datasets; (ii) writing queries in Structured Query Language (SQL) for data analysis; (iii) using a Bloomberg Terminal; and (iv) using any one of the following for data analysis: (1) Python; or (2) R; or (3) MATLAB
Arrowstreet Capital is a Boston-based systematic investment firm that manages global equity portfolios for institutional investors around the world.
Arrowstreet Capital is an equal opportunity employment firm that values diversity and inclusion. All qualified applicants will receive consideration for employment without regard to sex, race, color, religion, national origin, ancestry, gender identity, genetic information, age, sexual orientation, pregnancy, medical condition, disability, veteran or military status, marital status or any other characteristic protected by federal, state, or local law. For more information, please refer to the Know Your Rights poster, as well as the following Pay Transparency statement.
Arrowstreet Capital is committed to working with and providing reasonable accommodations for qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation for any part of the employment process due to a disability, contact us to discuss the nature of your request and contact information.
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What We Do
Arrowstreet Capital is a Boston-based investment manager that provides global and international equity investment strategies and fund products to institutional investors such as pension plans, endowments, foundations, and registered/unregistered commingled investment funds.
We offer a select range of global equity investment strategies managed as long-only, alpha extension and long/short utilizing a broad range of instruments, including swaps and futures. Our investment process utilizes quantitative methods that focus on identifying and incorporating investment signals into our proprietary return, risk and transaction cost models. Our investment approach involves creating and investing in diversified equity portfolios. We utilize a structured investment process that attempts to add value relative to a client specific benchmark. This involves identifying opportunities across companies, sectors and countries by evaluating a diverse set of fundamental and market-based predictive factors. Portfolios are constructed through the use of a mean variance optimizer and proprietary risk and transaction cost models.
Arrowstreet Capital manages approximately $100 billion for over 200 client relationships in North America, the United Kingdom, Europe and the Asia-Pacific regions.
