VP Fund Management
Accountabilities: Define the fund's investment strategy: Establish the investment mandate, portfolio construction methodology, asset allocation policy, and investment limits, securing board approval and aligning decisions with the objective of delivering risk-adjusted returns measured in BTC while prioritizing principal preservation.
Build and manage the investment portfolio: Source, evaluate, and execute investment opportunities across BTC-collateralized lending, market-neutral and basis strategies, liquidity provision, and yield-generating opportunities across Bitcoin-aligned financial platforms.
Lead investment due diligence: Assess investment counterparties, protocols, custodians, and trading venues, evaluating creditworthiness, smart-contract vulnerabilities, bridge risks, custody arrangements, and liquidation mechanisms.
Oversee portfolio performance: Monitor investments and exposures, evaluate strategy-level returns, and deliver transparent performance attribution and reporting denominated in Bitcoin.
Establish the risk management framework: Define and implement exposure limits, concentration thresholds, liquidity requirements, collateral haircuts, drawdown triggers, and escalation procedures in collaboration with the risk management function.
Protect capital through active risk monitoring: Conduct daily portfolio reviews and stress tests covering Bitcoin price shocks, liquidity disruptions, counterparty or venue failures, stablecoin depegging, and protocol-related risks.
Manage liquidity and redemptions: Maintain an appropriate liquidity profile aligned with investor redemption terms, ensuring the fund can meet its obligations while preserving portfolio stability.
Lead fundraising and investor relations: Develop relationships with Layer 1 (L1) foundations, ecosystem funds, treasury managers, and institutional allocators to secure commitments and achieve the target of $500 million in committed capital within 12 months of launch.
Structure investor arrangements: Develop suitable share classes, side letters, and investment terms that accommodate foundation treasuries and institutional investors while complying with applicable marketing and solicitation requirements.
Oversee investor communications: Produce monthly investor reports and quarterly investment letters, lead investor calls and annual meetings, and maintain transparent communication regarding performance, portfolio positioning, and risk.
Direct fund governance and compliance: Work with the board, independent directors, anti-money laundering officers, legal counsel, administrators, and auditors to maintain effective governance and meet applicable regulatory obligations.
Manage fund documentation and valuation: Oversee offering documents, valuation policies, and net asset value (NAV) calculation processes in coordination with the fund administrator.
Ensure regulatory compliance: Oversee applicable Cayman Islands Monetary Authority (CIMA) filings, investor anti-money laundering and know-your-customer (AML/KYC) procedures, annual audits, and ongoing regulatory reporting.
Manage external service providers: Select and oversee custodians, prime brokers, over-the-counter (OTC) trading desks, fund administrators, auditors, and on-chain infrastructure providers.
Build and lead the fund team: Recruit, develop, and manage a lean team spanning investment analysis, risk management, and operations as the fund scales.
Represent the fund across the ecosystem: Serve as the senior investment representative in relationships with Bitcoin and L1 ecosystems, institutional partners, and investors, translating market demand into insights that inform product development and strategic priorities.
Requirements:
Senior investment management experience: At least 10 years of experience in asset management, credit, or trading, including a minimum of five years as a portfolio manager or Chief Investment Officer (CIO) with direct profit-and-loss (P&L) responsibility.
Institutional fund management track record: Demonstrated experience managing a regulated investment fund or institutional investment mandate, ideally with at least $100 million in assets under management (AUM).
Bitcoin market expertise: Deep, practical knowledge of Bitcoin markets, BTC-collateralized lending, derivatives, basis trading, market-neutral strategies, and institutional digital asset investment approaches.
Decentralized finance knowledge: Working understanding of DeFi mechanisms, including lending protocols, liquidity pools, bridges, on-chain yield strategies, and the operational and technical risks associated with these systems.
Portfolio construction and risk management: Strong expertise in investment analysis, portfolio allocation, risk-adjusted performance measurement, liquidity management, collateralization, stress testing, and capital preservation.
Fund governance and regulatory experience: Proven experience with fund offering documents, NAV calculations, valuation policies, independent board oversight, audits, regulatory reporting, and investor compliance requirements.
Fundraising and investor relationships: Established relationships with crypto foundations, ecosystem treasuries, institutional allocators, or comparable investors, supported by a demonstrated ability to raise capital and maintain long-term investor partnerships.
Legal and operational coordination: Experience working with external administrators, custodians, auditors, legal advisers, and other financial service providers to establish and operate institutional investment vehicles.
Leadership and strategic execution: Demonstrated ability to build and lead high-performing teams, make independent investment decisions, and communicate complex financial and risk concepts clearly to boards, investors, and other senior stakeholders.
Regulatory suitability: Ability to satisfy applicable director and key-person fitness and propriety requirements in the fund's jurisdiction, with a clean regulatory history.
Preferred fund structuring expertise: Experience with Cayman Islands fund structures and British Virgin Islands (BVI) investment management arrangements is an advantage.
Additional financial expertise: Knowledge of structured credit, including tranching and waterfall structures, or institutional treasury management is beneficial.
Professional qualifications: CFA, CAIA, FRM, PRM, an equivalent professional qualification, or a relevant regulatory license is an advantage.
Bitcoin ecosystem familiarity: Experience with Bitcoin Layer 2 networks, merged-mining ecosystems, or related blockchain infrastructure is a plus.
Entrepreneurial mindset: A strategic, commercially minded, and hands-on approach, with the ability to establish a new investment function, navigate ambiguity, balance innovation with risk discipline, and deliver results in a fast-evolving market.
Benefits:
Competitive compensation: Receive a competitive compensation package and additional benefits designed to support professional growth and personal well-being.
Fully remote work: Work remotely from eligible locations across Europe and Latin America, with access to global coworking spaces.
Work-life balance: Benefit from paid vacation and sick leave to support personal well-being and sustainable performance.
Continuous learning: Access professional training programs, language courses, and annual learning sponsorship to support ongoing development.
Innovative investment opportunities: Help build and scale an institutional Bitcoin investment product focused on lending, yield generation, and on-chain capital markets.
Executive ownership and impact: Shape investment strategy, portfolio construction, fundraising, risk governance, and the long-term direction of a new financial venture.
International collaboration: Work with a globally distributed team of professionals across finance, blockchain technology, and institutional financial services.
Cutting-edge technology: Engage with emerging blockchain infrastructure and financial strategies designed to expand Bitcoin's role in institutional capital markets.
Professional growth: Develop your leadership and investment expertise while helping establish a scalable investment platform from its earliest stages.
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