Bronte Capital is hiring

APPLICATIONS ARE NOW CLOSED. We received 270 plus - and we are finalizing a short list...

Now we have hired. Thanks for your interest.

We are a small, fairly rapidly growing hedge fund with a good record and very few staff. More precisely we are a long-value equity fund with an esoteric and successful short book on the side.

Our record is well into the top-decile for hedge funds globally – and we intend on keeping it there. We are idea driven and risk-management obsessed.

We are happier hiring outside the traditional hiring loop. A science background with genuine interest in investment for instance is preferred over investment experience. Some unconventional combinations (computer science and criminology for instance) will be looked on favorably.  

Most - but not all of the work will be directed to identifying short-sale candidates however an interest in more conventional value investing would be useful too.

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Our short book involves mass diversification of frauds, fads and failures with an emphasis on frauds. 

We are looking for one (and maybe more than one) analyst to be based in Bondi Junction (Sydney) Australia. One hire must have high-level computer skills. If we fill that position we may select a second person on a broader skill set.

Our work place is intellectual, playful, casual. A core job requirement is to be able to tell us when we are wrong. We are not looking for sycophants - telling us what we want to hear is of no use if it is not telling us what makes money. There are other organizations where being political pays but this is not one of them.

The successful applicant will however probably be more implementation driven than us. [We are hiring in part to cover our weaknesses!]

You will need to be self-motivated. Hours can and will be long, but clothing casual and if you want to come into work late because the surf is good that will sometimes be OK. Performance and output matters considerably more than face time.

We expect that a successful applicant will eventually be an equity participant in the business.

As we run a global fund from Sydney a successful applicant can expect some international travel.

Our main requirement is for an analyst who is really interested in the stock market and has well developed skills in data management and computer systems development. We aim to develop some very large data sets which will help us identify likely candidates for short-selling globally. We already identify literally hundreds of short-candidates annually and we are currently short over 100 names. The computerisation of this process is our main medium term task. Much of our edge is in knowing what sort of attributes are indications of fraud or weak performance. It is this high level filtering and screening that we need to automate on the short side at this time. This will involve large data bases of relatively low frequency (daily or even monthly close, not ticks) but high granularity (every item on the financial statement, outstanding option positions, cost of borrow, short interest and availability).

Programming skills are a requirement. Experience with technology that allows structured queries and searches on datasets (financial and non-financial) are a major advantage.

A working interest in epistemology is also useful.

Applications by email via the blog email brontecapital@gmail.com - or through our website - www.brontecapital.com.






John

PS. This post will be removed when we have found the right candidate. I have no intention of being inundated with CVs forever.

PPS. I have not taken advice on Australian immigration law but my understanding is that the law requires that I actively try to recruit an Australian and - failing that - I may open the offer up more widely. This is the path that I am taking anyway (pending contrary advice). Remote work is possible - but personally I have been unsuccessful in the past trying to manage it - so it is unlikely.