Senior Investment Analyst/ Sub-PM - ADR

An established Asia-based event-driven hedge fund is hiring an Investment Director to run a discretionary ADR vs. local-line pair-trading book. This is a senior, mandate-led seat within a small, partner-led team with a strong track record, and a deliberately collaborative, non-pod culture.

The Firm

Our client is an event-driven hedge fund manager, established over a decade ago and managing a meaningful pool of institutional capital. Their investment philosophy is built around hard catalysts, M&A arbitrage, relative-value spreads, and event-led trades — strategies the firm has run as its bread and butter since inception. The team is small by design, partner-proximate, and growth is intentionally measured (typically one hire per year).

The Role

Reporting into the CIO and working closely with the Senior Portfolio Manager partner, the Investment Director will run a discretionary ADR vs. local-line pair-trading sub-book. The hire will collaborate openly with peer Investment Directors and the broader investment team on names, inventory, and catalysts.

Key Responsibilities

1. Generate discretionary ADR vs. local-line pair-trade ideas, primarily across Chinese ADRs and their HK / onshore listings, with opportunistic extension to Korean and other Asian dual-listed names.
2. Size positions thoughtfully against an assigned risk budget; manage borrow, financing cost, and spread dynamics across the holding period.
3. Execute trades through the firm's established prime-broker and execution relationships, working alongside the central trading function.
4. Share ideas openly in weekly investment calls; collaborate with peer Investment Directors on names that have a cross-strategy angle (M&A arb, A/H arb, ECM, special situations).
5. Maintain rigorous risk management and operational discipline consistent with an SFC-regulated institutional platform.

Requirements

1. Demonstrable live PnL track record running ADR vs. local-line, A/H, or directly analogous dual-listing pair-trading strategies.
2. Pure relative-value / spread mindset — no directional, long-short, or market-risk approach. Track record must reflect this.
3. Comfort with the late-night / early-morning hours that come with trading US ADRs from a Hong Kong base.
4. Strong risk and execution discipline, with deliberate attention to financing and borrow costs.
5. Genuinely collaborative, team-oriented operating style. Pod-mentality or siloed candidates will not fit.
6. Hong Kong-based or willing to relocate full-time. Eligibility for SFC Type 9 licensing with a clean regulatory record.
7. Professional English fluency. Mandarin or Korean is a plus.

If you or anyone you know is interested, please send your resume to

mailto:[email protected]