Fund Manager (long short)

Job Title: Fund Manager Alternative Investment Fund (Long-Short Equity) Location: Mumbai, India (BKC) Reports to: Chief Investment Officer (CIO) Employment Type: Full-time Role Overview We are seeking a high-caliber Fund Manager to lead our Long-Short Equity Alternative Investment Fund (AIF Category III). The successful candidate will be responsible for alpha generation through a market-neutral or directional long-short strategy, primarily focusing on Indian equities and derivatives. This role requires a sophisticated understanding of stock picking on both the long and short sides, leverage management, and institutional-grade risk controls. Key Responsibilities Portfolio Strategy & Execution: Develop and implement a robust long-short investment framework. Actively manage the funds net and gross exposure to capitalize on market inefficiencies and volatility. Alpha Generation: Identify undervalued "Long" opportunities and overvalued "Short" candidates through deep fundamental research, forensic accounting, and technical analysis. Derivative Management: Utilize index and single-stock futures/options to hedge tail risk, manage beta, and express specific bearish views. Risk Management: Monitor real-time portfolio risk metrics including VaR (Value at Risk), liquidity constraints, and drawdown limits. Ensure the fund operates within SEBI Category III mandates. Performance Reporting: Lead monthly attribution analysis to explain P&L drivers to investors and internal stakeholders. Team Leadership: Oversee a team of research analysts and traders; foster a culture of rigorous intellectual honesty and data-driven decision-making. Required Qualifications & Skills Education: MBA in Finance from a premier institute (IIM/ISB/International) or a Chartered Accountant (CA) designation. Certification: CFA Charterholder or CAIA (Chartered Alternative Investment Analyst) is highly preferred. Experience: 812+ years of experience in Indian equity markets, with at least 3 years of verifiable track record in managing a Long-Short or Hedge Fund mandate. Technical Proficiency: * Deep understanding of the Indian Derivatives market (F&O segment). Familiarity with quantitative tools and platforms (Bloomberg, Reuters, Python/R for backtesting is a plus). Regulatory Knowledge: Strong grasp of SEBI (AIF) Regulations, 2012, and subsequent amendments regarding leverage and reporting.