Portfolio Manager – Asia Macro & Rates
Location: Singapore / Hong Kong (On-site/Hybrid)
The Mandate
We are partnering with a global multi-strategy firm seeking a Portfolio Manager to manage an Asia Macro Rates book spanning Japan (JGB, OIS, BOJ policy), India (RBI, INR OIS, basis), Korea, Thailand, and Indonesia. The strategy exploits central bank regime transitions, funding dislocations, and systematic RV signals across the region.
Our client is explicitly not looking for a single-country specialist; the edge here is in the cross-regional macro overlay and the ability to detect regime shifts ahead of consensus. Semi-systematic, process-driven, collaborative.
The Hard Questions (What You Will Solve)
- BOJ Policy Transition Timing: YCC has reshaped the JGB market for years. How do you build a systematic early-warning framework for BOJ policy shifts — before official announcements — and position the curve without being whipsawed
- RBI Transmission Lag Arbitrage: RBI rate changes flow into INR OIS with measurable friction and delay. How do you systematically detect and trade the repricing gap between policy reality and market pricing before consensus closes it
- Regional Funding Regime Correlation: EM Asia funding markets (repo, FX forwards, cross-currency basis) move in correlated clusters during stress. How do you identify when a regional regime shift is imminent and reposition before crowding traps you
The Structural Edge
- Embedded Regional Intelligence: On-the-ground research teams in Tokyo, Mumbai, and Singapore providing real-time BOJ/RBI communication tracking, FPI flow data, and funding stress indicators.
- Full Regional Execution Stack: Direct access to JGB futures (Osaka Exchange), INR OIS (MIFO), and NDF/forward markets across the region. Execution infrastructure built for Asia liquidity windows.
Ideal Profile
- The Metric: 5+ years of verifiable live PnL in Asia Rates, EM FX, or Asia Macro. Sharpe ≥ 1.4 over rolling 2-year windows. Must demonstrate non-consensus positioning — particularly in BOJ or RBI regime transitions ahead of market consensus.
- The Tech: Expert Python/SQL for regime detection models, carry decomposition frameworks, and OIS curve construction. Bloomberg/Refinitiv mastery. Quantitative background (stochastic models, volatility regimes) strongly preferred.
Compensation & Preferences
- Non-compete: Preference for ≤12 months; buyouts considered for exceptional profiles.
- Compensation: Competitive base + Formulaic PnL Cut. (This is not a guarantee of compensation or salary; a final offer amount may vary based on factors including but not limited to experience, domain expertise, and geographic location.)
Apply Now
At Onyx Alpha Partners, we are committed to connecting the most sought after talent in the financial world, to opportunities that expand the universe of unconstrained performance within their chosen discipline. If this opportunity aligns with your career aspirations, we encourage you to apply and explore the potential for growth and unparalleled success.
