Portfolio Manager – Rates

Company: Selby Jennings
Apply for the Portfolio Manager – Rates
Location: London
Job Description:

Global Hedge Fund | London / Major Financial Centre

A leading global hedge fund is seeking an experienced Portfolio Manager to join its Rates business and manage capital across G10 interest rate markets.

The successful candidate will have a proven track record generating alpha through discretionary trading of cash rates and/or interest rate derivatives, with a strong focus on developed markets. This opportunity is suited to an experienced investor with deep expertise in rates relative value, curve trading and macro-driven opportunities across global fixed income markets.

Key Responsibilities

  • Generate and execute investment ideas across G10 rates markets.
  • Manage a portfolio focused on linear interest rate products.
  • Identify relative value and directional opportunities across rates curves and swap markets.
  • Construct and manage risk within a disciplined portfolio framework.
  • Collaborate with risk, technology and execution teams to maximise performance.

Required Experience

  • 10+ years’ experience within a leading hedge fund, investment bank or asset manager.
  • Strong background trading G10 rates markets (USD, EUR, GBP and other developed markets).
  • Experience managing risk and generating PnL within a proprietary, hedge fund or principal investing environment.
  • Demonstrable expertise across:
    • Interest Rate Swaps (IRS)
    • Government Bonds
    • Bond Futures
    • Curve Trading (e.g. 2s10s, 5s30s)
    • Asset Swaps (ASW)
    • Relative Value Rates Strategies

Preferred Background

  • Portfolio Manager, Senior Trader or Proprietary Trader with an established rates track record.
  • Experience across both cash and derivatives markets.
  • Strong understanding of macroeconomic drivers, central bank policy and fixed income relative value.

Please note: This role is focused on G10 Developed Market Rates. Candidates whose experience is primarily centred on Emerging Markets rates products are unlikely to be relevant.

This is an outstanding opportunity to join a well-capitalised global platform offering significant resources, institutional infrastructure and the ability to scale a successful investment strategy.

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Posted: July 18th, 2026