Position Title: US Portfolio Manager

Location:

Please note that relocation to Toronto is not required. However, the successful candidate must be available to travel to Toronto once per month for a minimum of 3 consecutive business days.

Position Summary

We have a new opportunity for a Portfolio Manager to join our Portfolio Management team, with a primary focus on U.S equity strategies. Reporting to the Co-CIO, this individual will play a key role in advancing the firm’s quantitative research agenda and driving alpha generation across U.S. portfolios. We value intellectual curiosity, accountability, and a hands-on approach, with senior leaders actively engaged across research, portfolio management, and trading.

Key responsibilities:

• Lead and contribute to the firm’s quantitative research efforts, with a focus on alpha generation, portfolio construction, and risk modeling for U.S. equities.
• Expand research capabilities by identifying and integrating new datasets, economically grounded factors, and innovative analytical approaches.
• Champion the thoughtful adoption of machine learning and emerging AI techniques (including LMs) to enhance signal generation and investment insights.
• Communicate research findings, portfolio positioning, and performance insights to internal stakeholders and clients.
• Evaluate model outputs alongside real-time market information, exercising judgment in interpreting signals, identifying dislocations, and refining positioning within a systematic framework.
• Oversee daily portfolio implementation, including rebalancing, trade review, and execution oversight, ensuring alignment with model outputs and portfolio constraints.
• Analyze portfolio performance and attribution, identifying key drivers of return and risk, and translating insights into model refinements and positioning.
• Generate market-driven insights from company-specific news and evolving macro conditions to inform portfolio decisions and research.
• Mentor a small team of research analysts, guiding alpha research across U.S. markets and related investment universes.

Required Qualifications

• 10+ years of experience in quantitative investing, with demonstrated leadership in equity research (U.S. experience strongly preferred).
• Deep expertise in alpha research, factor modeling, or machine learning applied to financial markets.
• Proven ability to lead research initiatives and deliver innovative, economically grounded investment insights.
• Excellent communication and presentation skills, with the ability to convey complex ideas to both technical and non-technical audiences.
• Ability to operate efficiently in a fast-paced, collaborative environment and manage competing priorities.
• Advanced degree in quantitative disciplines such as Finance, Economics, Math, or Engineering.

Nice to Have (preferred but not required)

• Experience across multiple regions or asset classes.
• Strong understanding of data architecture, research platforms, and production systems.
• Understanding of the U.S. market microstructure.
• Good programming skills, particularly in Python.
• CFA or related designation.

WHAT’S IN IT FOR YOU?

• Opportunity to be a key leader in the firm’s quantitative research initiatives and shape our research platform.
• Ability to work in a nimble, agile environment.
• Competitive compensation package.
• Employer-funded professional development, including courses and conferences.
• Flexible work environment and commuting reimbursement when you do work from the office.
• Supportive amenities and initiatives: access to a fully stocked kitchen, catered lunches, ergonomic home office setup, employee appreciation events, and retreats.
• Centrally located office at King and Bay with remarkable views of Toronto and Lake Ontario.

How to Apply:

Please forward a resume to careers@hillsdaleinv.com citing the Director of Quantitative Research role.