90% of jobs at hot new hedge fund are NOT managing money. Make UBS gift you $50k

If you’re a macro hedge fund manager, you’ve probably heard of Chris Rokos. You’ve probably also heard of Chris Rokos’ new hedge fund, ‘Rokos Capital Management.’ Maybe you want to work there? Last time we looked, it was hiring quantitative analysts, investment controllers, algo developers and more.

Reuters reports that Rokos Capital Management now has 50 staff. What Rokos hasn’t been hiring in big numbers, however, are portfolio managers.

Of these, there are only five: himself; Stuart Riley, ex-head of Asia Pacific macro trading at Goldman Sachs; Borislav Vladimirov, an ex-colleague from Brevan Howard; and two assistant portfolio managers of lesser importance. The remaining 45 Rokos staff are effectively, therefore, support staff for these five individuals. Who said hedge funds lack infrastructure?

Separately, if you don’t want to work for UBS but you do want the Swiss bank to pass you $50k, you can always enter the bank’s new ‘Future of Finance Challenge’.  UBS is looking for entrepreneurs with ‘disruptive ideas’ which will change finance. It has $300k to give away in total, with a first prize of $50k for the greatest disruption.

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