Seeking candidates having a track record of one year with a PnL of ~100 million USD

[wave]

A major fund is seeking candidates having a track record of one year with a PnL of ~100 million USD.

What are they looking for in the applicant's response? Assuming a Sharpe of at least 1.5.

- I have $10 million and make 10x my capital in 1 year?
- I start with $25, 000 and use 20X leverage to trade S&P 500 futures?
- Other ideas?

 

[Dazz]

is this a joke?

 

[wave]

No. Senior Portfolio Manager - $6,000,000 salary for the candidate with a proven track record.

 

[El Trado]

Yes. For those candidates you have arrived at the right place. Almost any Elitetrader can probably qualify ;-)

 

[wave]

I'm assuming this has to be a fund like RenTech or Millenium. I'm assuming applicants are using some sort of mean-reversion with hedging to produce profits like this?

 

[Same Lazy Element]

Lol

 

[wave]

The role
This is an excellent opportunity for an experienced Senior Portfolio Manager to partner directly with an industry-leading firm and a reputable CIO with a proven track record to help identify new investment strategies and maximize portfolio returns while balancing risk.

To be successful
Candidates will have a good track record with a live strategy that has been operational for at least one year with a PnL of ~100 million USD.

 

[maxinger]

I presume this is meant for entertainment purposes.

 

[BlueWaterSailor]

What are they looking for in the applicant's response?

A sucker.

 

[wave]

The original post. 105 applicants (All from ET?)