Assistant Head of Strategic Research, Hedge Fund

at  Hermeneutic Investments

ABOUT US / WHY JOIN?

We are a rapidly growing crypto hedge fund, 2 years old, managing a 9-figure AUM, generating 200%+ annualized returns with a 4 Sharpe.

Part of our out-performance comes from our Head of Strategic Investments. They run a strategic research and investment department that:

• Makes venture investments in (illiquid) tokens; these have performed very well for us
• Provides strategic advisory services; this has also generated significant PnL
• Build relationships across the ecosystem; this has greatly facilitated our discretionary trading

We are seeking an assistant to our Head of Strategic Investments to:

• On a strategic level, complement their strengths and weaknesses by being an extremely organized operator who drives prioritization, organization, and writing on the Strategic team.
• On a daily tactical level, provide bread-and-butter research, brainstorming, and advisory to cryptocurrency projects.

This is an opportunity to:

• Learn from one of the best connected operators in the cryptocurrency venture and advisory space.
• Be compensated very well, as our profitability per researcher is very high. Think: retirement money after 5 years.
• Get in on the ground floor of one of the strongest hedge funds in a nascent asset class that will balloon in the future.

OUR REQUIREMENTS

We’ve divided up our requirements into a strategic level where you will be driving change and a tactical level which is already on-going tasks that simply need more manpower.

TACTICAL LEVEL

Our Head of Strategic Investments is extremely strong in the perp DEX and stablecoin space. We envisage eventually expanding beyond these areas (e.g. ZK, NFT, Web3 Gaming, infrastructure-related outside exchange and trading space), but in the initial stage of this team, we want to first focus on dominating the perp DEX and stablecoin space.

• Somebody who knows (or can quickly learn) all the perp DEX and stablecoin projects out there and what they’re doing.
• Domain knowledge and awareness of all these projects. What they’ve done in terms of catalysts, major breakthroughs. What has been successful in the past.
• To be able to guide these projects and provide high quality feedback on what they should do. Design, implementation, feedback.
• For example: you’re generally aware of what’s going on with all the other DEX’s in terms of key innovations. Often you can give good ideas borrowed from other projects.
• You need to be very senior on crypto fundamental (valuation) research techniques, we expect to not need to train you.
• Senior enough to have conviction & opinions on valuation and investment decisions driven by your research. You likely have a private network to identify what might be the next meta.
• Examples of “fundamental research” that backs investment theses: emission schedules, coin economics, team, partnerships, technical innovation.
• A technical background will also help complement our existing skillset.
• Required:
• The level we’re looking for is a crypto-native person who is familiar with all major technical terminology and meaning in crypto. For example, a good gauge of this is able to read and understand audit reports and all terms in the report without looking them up.
• Bonus, but NOT required:
• Be able to evaluate smart contract code and find possible errors.
• Right now, we don’t have someone who understands sequencers, provers, and major processes in L2 projects are trying to solve.

SUMMARY OF TACTICAL LEVEL HARD REQUIREMENTS

• Crypto native with at least 2+ years of full-time experience doing research (understanding the technical details of a space) in the field
• Best:
• Projects themselves, e.g. developers at Berachain.
• Fundamental research-specific firms like Meserai, Nansen, Delphi Digital.
• Exchanges like Binance that publish research.
• Good
• VCs that publish in-depth research like Pantera, Multicoin. Sole job is to do research. Lower than projects because many VCs are top-down evaluative.
• Not good:
• A trading firm. Looking for more builder-centric people.
• Performed crypto research before
• Advisory for whitepaper
• Building block-level research in trading/investment firms/exchanges/VC firms

IS PREVIOUS CRYPTO EXPERIENCE NECESSARY?

No, we prefer candidates who are coming from premier TradFi buy-side hedge funds.
However, we expect all candidates to have a strong interest in digital assets and ideally trade or invest in their personal account.

Please refer the Job description for details