Head of Quantitative Research

Fasanara Capital is a boutique alternative asset manager, offering access to a range of inventive multi-asset capacity-constrained niche products. Over the past 10 years we are pursuing unorthodox portfolio construction and unconventional investment strategy is a response to today’s transformational markets. Fasanara Digital was established 7 years ago and is the crypto arm of Fasanara Capital, a 14 year-old boutique alternative asset manager. We are a Quantitative Investment fund applying a scientific approach to investing in crypto assets. Our goal is to achieve exceptional risk-adjusted returns. We pursue a range of diversified and highly sophisticated investment strategies that seek to profit from inefficiencies in the market structure and range from market making to cross-exchanges arbitrage. The Role Fasanara Digital is appointing its first Head of Quantitative Research. The role holder will have three core responsibilities: to lead the desk's research, to manage the risk of the strategies that research produces, and to lead and develop the team of quantitative researchers. The Head of Quantitative Research will report to the partners running Fasanara Digital and will work closely with trading, portfolio managers, and technology. Key responsibilities Research Leadership Set and prioritise the research agenda across the desk, including market-making, carry, cross-venue and cross-asset relative value, and new strategies. Lead the research, development and deployment of new strategies, from initial hypothesis to live trading. Establish and enforce research standards, including independent review of all strategies before capital is allocated. Reviews will address look-ahead and survivorship bias, transaction-cost and fee assumptions, and the reconciliation of backtested and live performance. Require that every strategy entering production is supported by a documented investment case, a cost model and defined performance and risk criteria for its continuation. Work with the portfolio managers on signal research, portfolio construction and capital allocation. Direct research supporting the desk's execution and internal risk-transfer capabilities, including transaction-cost analysis, market-impact modelling and the hedging of residual risk. Oversee, with the technology team, the development of the desk's research infrastructure: market and order-book data, backtesting and simulation frameworks, and shared research libraries. Risk management Own the risk framework for research-driven strategies, including position sizing, exposure and drawdown limits, and the criteria under which a strategy is scaled back or withdrawn. Monitor the live performance of all strategies against their research expectations, and investigate and act on any material deviation. Develop and maintain the models used to measure strategy and portfolio risk, including factor, liquidity and correlation exposures and the risks specific to crypto…