Full-Time
Hedge Fund Trade Operations Associate
Power
Posted on 11/1/2024
Verition Fund Management
51-200 employees
Multi-strategy hedge fund for investments
Senior, Expert
Westport, CT, USA
- Undergraduate degree; preferably with a concentration in finance, economics, or a related discipline
- 7+ years of relevant work experience.
- Knowledge of and familiarity with complex instruments (i.e. options, swaps, futures, FTRs, Load trading).
- Prior experience supporting power and natural gas trading is preferred, but not required.
- Ability to communicate professionally and effectively with both internal and external stakeholders.
- Self-starter with excellent analytical and problem-solving skills.
- Strong attention to detail.
- Work closely with the Trading, Risk, and Valuation teams to manage trade lifecycle events for an array of asset classes, with a specific focus on power products like futures, options, FTRs, and Load Servicing.
- Assist with manual trade bookings, booking weekly invoices, instructing collateral movements, reviewing reconciliations, and resolving breaks.
- Update static data, security masters, trades, and positions across multiple systems such as IVP Security Master, BBG AIM, Geneva, and proprietary systems.
- Liaise with the internal trading ops team and PMs if there are issues with trade representation from a trading platform.
- Raising issues to technology if certain applications or data feeds are down.
- Identify process gaps, and work with internal and external resources to create detailed requirements to solve issues.
- Performing other duties as may be requested by senior management.
Verition Fund Management is a hedge fund that employs multiple investment strategies to manage assets for institutional investors, such as pension funds and high-net-worth individuals. The firm focuses on various strategies including Credit, Fixed Income Macro, Convertible Volatility Arbitrage, Event Driven, Equity Long Short Capital Markets, and Quantitative Strategies. Verition's approach involves dynamic capital allocation, allowing them to adapt to changing market conditions and aim for absolute returns. They generate revenue through management and performance fees based on the returns they achieve for their clients. What sets Verition apart from its competitors is its emphasis on a collaborative work environment and a strong culture of cooperation, which encourages creative thinking. Additionally, the firm utilizes a comprehensive risk management system that combines both internal and external analyses to maintain disciplined investment practices.
Company Stage
N/A
Total Funding
$1.4B
Headquarters
Greenwich, Connecticut
Founded
2008
Simplify's Take
What believers are saying
- Increased interest in ESG investing aligns with Verition's multi-strategy approach.
- AI-driven trading strategies enhance Verition's quantitative strategies.
- The rise of SPACs offers new opportunities for Verition's event-driven strategies.
What critics are saying
- Emerging hedge funds with innovative strategies could erode Verition's market share.
- Regulatory scrutiny may increase operational costs for Verition.
- Geopolitical tensions could impact Verition's ability to generate consistent returns.
What makes Verition Fund Management unique
- Verition employs a multi-strategy approach, including Credit and Fixed Income Macro.
- The firm focuses on dynamic capital allocation to exploit fluid market conditions.
- Verition's collaborative environment fosters the development of creative investment ideas.
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