Associate Portfolio Manager Program - NY

Caxton Associates

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New York, New York, US on site Until 8/21/2026 3+ years exp First posted March 21, 2025 Last posted November 7, 2025
Job description

Company Overview:

Caxton Associates, founded in 1983, is a global trading and investment firm with offices in London, New York, Singapore, Monaco, Dubai and Bengaluru. Caxton Associates’ primary business is to manage client and proprietary capital through global macro hedge fund strategies. Assets are managed via a broad mandate to trade in a variety of global markets and instruments.

Requirements

At Caxton Associates, we have a longstanding tradition of nurturing premier investment talent. Our commitment to professional development led to the creation of the comprehensive two-year Associate Portfolio Manager (APM) Program in 2012. This program is an exceptional pathway for high-potential buy-side investors, outstanding sell-side trading talent, or world-class quantitative analysts across a spectrum of hedge fund disciplines, including discretionary macro, systematic macro, emerging markets macro, systematic trading, equity long-short, and event-driven strategies.


The APM Program offers immersive exposure and intensive training, refining participant's investment skills with the ultimate objective of enabling advancement to a senior Portfolio Manager position within Caxton. Over a quarter of our current Portfolio Managers, many of whom are now our most respected PMs, have risen through this very program, underscoring its success.


We are currently seeking candidates with a level of experience between 3 to 10 years in either asset management, hedge funds and/or market making. The ideal candidate should have expertise in, and ideally direct experience implementing, the proposed investment strategy and related markets. We appreciate entrepreneurial risk-takers with a desire to build and grow their investment strategy. The ability to work both independently and collaboratively with various stakeholders is crucial, as is a demonstrated capacity for continuous growth and evolution.


If you harbor an unwavering passion for the financial markets, possess a strong work ethic, and meet the above criteria, we invite you to apply. Please submit your CV, investment track record (if available), and a detailed outline of your proposed investment strategy. A comprehensive strategy outline is a critical component of your application.


We eagerly anticipate the opportunity to explore your potential and welcome your contribution to the continuing legacy of Caxton.

Benefits

For New York-based applicants, the base pay for this role is $175,000 annually. In addition to the base pay, successful candidates will receive a formulaic percentage of their trading profitability.

About this role

Summary

Develop and implement investment strategies in macro markets, with growth to senior PM.

Job title

Associate Portfolio Manager Program - NY

Experience level

3-10 years

Minimum experience

3+ years exp

Industry

finance

Location requirements

New York, NY, on-site; remote not specified

Salary

$175k+

Management role

No

Skills & keywords

Required skills

asset managementhedge fundsinvestment strategymarket experience

Preferred skills

None specified

Specializations

macro tradingasset managementhedge fundsquantitative analysis
Locations

Structured locations inferred from the posting.

New York, NY, USA

On-site City