Principal, Hedge Fund Research - HSBC Global Asset Management

We are currently seeking a high calibre professional to join our team as a Principal, Hedge Fund Research.

In this role, you will conduct initial and ongoing due diligence on hedge fund managers, assessing investment philosophy, process, organization, team, competitive advantage, and alignment of interests.

Key responsibilities include:

• Evaluating portfolio construction, liquidity, leverage, capacity, concentration, and risk-management frameworks.
• Analysing performance, risk-adjusted returns, drawdowns, factor exposures, attribution, and peer-relative results.
• Assessing whether performance and portfolio positioning are consistent with the manager's stated process and risk parameters.
• Conducting manager meetings, on-site visits, reference calls, and due diligence interviews.
• Monitoring material changes in personnel, process, ownership, performance, positioning, and risk, escalating concerns promptly.
• Producing initial due diligence reports and periodic review reports, monitoring notes, Investment Committee papers, and client-facing commentary.
• Making clear, evidence-based investment recommendations and maintaining complete, accurate, and timely research records.

You will also develop detailed knowledge of the mainland China and Greater China hedge fund markets, source and evaluate prospective managers, and maintain relationships with managers, industry participants, and other relevant market contacts.

The role enables HAIL to provide full investment coverage of the current and prospective hedge fund investments, support client-facing teams, and construct meaningful top-down strategy analysis.

Key stakeholders include hedge fund research teams, portfolio management, China onshore and Global Private Banking, operational due diligence, Risk, Compliance and Legal, institutional clients, and external hedge fund managers.

To be successful, you will need:

• A Bachelor's degree in finance, economics, mathematics, statistics, engineering, computer science, or another relevant numerate discipline.
• Professional fluency in English and Mandarin, including the ability to conduct manager meetings and review investment materials in both languages.
• Relevant experience in hedge fund research or manager selection.
• Strong knowledge of hedge fund strategies, investment processes, portfolio construction, and risk management.
• Experience analysing performance, attribution, exposures, liquidity, leverage, capacity, and risk.
• Demonstrated ability to produce evidence-based due diligence reports and investment recommendations.
• Ability to present conclusions clearly to Investment Committees and senior stakeholders.
• Strong written communication, organization, and time-management skills, with high attention to detail.
• Proficiency in Microsoft Excel, PowerPoint, and Word.
• A proactive, accountable approach and willingness to travel periodically to mainland China.

Preferred qualifications include a Master's degree or CFA, CAIA, FRM, or another relevant professional qualification, knowledge of the mainland China and Greater China hedge fund landscape, and experience using investment-data, performance-analysis, or risk-management platforms.