GVH Portfolio Associate

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Galaxy Digital Services

New York, NY

Galaxy Vision Hill

Galaxy Vision Hill (“GVH”) is the multi-manager fund of funds business division of Galaxy Fund Management.  We currently manage four investment programs on our platform with 30+ manager allocations across various hedge fund and venture fund strategies.  We deliver value to investors and clients through:

  • Multi-manager, multi-strategy investment products
  • Premium crypto hedge fund performance and buy-side market intelligence database
  • Market leading crypto hedge fund indices and benchmarks
  • Curated, in-depth buy-side research insights for sophisticated investors

Who You Are:

Galaxy Vision Hill is expanding its investment team and is seeking a talented data-oriented professional to help oversee the FOF portfolios on a day-to-day basis and liaise directly with the Portfolio Managers to support their data needs.  This Portfolio Associate role will also involve building relationships externally with our various fund managers as well as internally with our Finance, Operations, Legal, Compliance and Client Service teams.  On a day-to-day basis, this professional’s primary function will consist of managing all operational aspects of the GVH portfolios with assistance from our Finance team, including developing key analytical tools, charts, presentations, performance and attribution summaries, rebalancing models and other reporting and data aggregation methods. These initiatives will support the Portfolio Managers in monitoring risk exposures across the GVH portfolios and in sizing new investment opportunities appropriately to ensure investment objectives are reflected across the portfolios in scope.

What You’ll Do:

  • Own and consistently maintain our proprietary shadow NAV models and portfolio management systems for data-related updates such as estimated returns, finalized NAVs, and all other capital activity associated with the GVH portfolios across hedge funds and venture funds
  • Maintain and distribute GVH weekly risk snapshots reflecting our aggregated portfolio return statistics, our underlying manager return statistics, cash activity, exposures (both position-level and sub-strategy level), and updated manager terms and AUMs
  • (VC specific): Closely track capital call activity, cash-on-hand, projected capital calls and investment pacing, FX adjustments, funded / unfunded commitment tracking, anticipated distributions from realizations/exits (where applicable) and projected expenses
  • (HF specific): Coordinate performance estimate outreach monthly with our hedge fund managers and cross-check such estimates are within Portfolio Managers’ reasonable expectations
  • Coordinate with Portfolio Managers and GVH Investment Team monthly on all re-balancing considerations for our hedge fund portfolios
  • Develop attribution analyses with clear visuals across various hedge fund strategies and sub-strategies for presentation to GVH portfolio managers and our investors
  • Become a go-to resource for all GVH tearsheet and investment deck / performance presentation updates, includes owning a quality assurance process around calculations of our return and risk metrics across our hedge funds and our MOIC, IRR and capital pacing across our venture funds
  • Closely track and aggregate all limited partner and manager capital activity (subscriptions and redemptions) for asset-liability matching purposes, including the partitioning of various tranches of investment allocations and redemptions
  • Work closely with our Finance team to ensure all capital activity also corroborates with our GVH banking activity
  • Oversee our hedge fund and venture fund manager investment schedules (including tracking of HWMs, hurdle rates, incentive fee accruals and reversals, and how estimated returns compare against finalized returns)
  • Respond to ad hoc requests from the Portfolio Management team as needed

What We’re Looking For:

  • Excellent oral and written communication skills for problem-solving and distilling complex information into clear presentations for investors and clients
  • Outstanding data organization skills and highly detail oriented with an appreciation for process-driven approaches around large amounts of data gathering to operate in a complex financial and mathematical environment
  • Strong process-oriented background and ability to demonstrate keen portfolio risk and operational awareness
  • Knowledge of portfolio accounting and performance data reconciliation with a focus on private fund investments
  • Strong understanding and experience with reporting in investment management, hedge funds and venture funds
  • Poise and confidence to interact with existing crypto-native fund managers
  • Ability to think critically and ask questions in a conversational manner
  • Ability to work in a fast-paced startup environment on a small, growing team with many shared and evolving responsibilities
  • Proactive, team player with experience working in a fast-paced, multi-faceted environment
  • Bachelor’s degree in finance, accounting, or related business function
  • 3+ years of back/middle office experience in buy-side role at traditional institution(s) in financial services, fintech, asset management, valuation, or related fields

Bonus Points:

  • Passion for crypto markets
  • Portfolio analyst experience at an asset manager, pension, investment consultant or similar role
  • Experience investing into and allocating capital to hedge funds and venture funds (crypto experience preferred)
  • Experience with portfolio reporting, fund accounting and operations is a plus
  • CFA charterholder, late-stage CFA candidacy or advanced graduate degree in finance, accounting or related business function a plus

What We Offer:

  • Competitive base salary, bonus, and equity
  • 100% company paid health insurance for employees, partners and dependents
  • 3% 401(k) company contribution
  • Generous paid Parental Leave
  • Flexible Time Off (paid)
  • Hybrid/Flexible Working Arrangements  
  • Opportunities to learn about the Crypto industry
  • Free daily snacks and weekly lunches
  • Smart, entrepreneurial and fun colleagues  
  • Annual charitable giving match
  • Employee Resource Groups
  • Free virtual coaching and counseling sessions through Ginger

*Benefits may vary based on location.