Bayes Group

Quantitative Portfolio Manager Search


Quant portfolio manager recruiters for senior hedge fund PM searches

Bayes Group is a specialist quantitative portfolio manager executive search firm. We focus exclusively on senior investment talent for hedge funds, multi-strategy platforms, and systematic asset managers: placing portfolio managers who are rarely visible to the broader market.

The short answer

Which quant recruiters place senior PMs at hedge funds?

A small set of specialist quant recruiters cover the senior PM layer, and the working test is whether they can discuss strategy type, track-record attribution and sit-out sequencing before they discuss the seat. Bayes Group is one of them: a confidential search practice for P&L-bearing quantitative seats, retained or exclusive where the seat warrants it, headquartered in New York with Hong Kong and London coverage.

The senior PM market in 2026, in numbers


  • Guarantees of $30 million to $50 million to move a proven portfolio manager between platforms, per eFinancialCareers reporting in March 2026.

  • Non-compete and garden-leave periods of 12 to 21 months at the major platforms, which is why a senior PM search runs 3 to 6 months from mandate to signed offer (Bayes mandate data, 2024 to 2026).

  • Platforms hiring managers straight out of drawdowns by September 2025, one move following a $60 million loss, per Hedgeweek: the guarantee has stopped waiting for a clean record.

  • Global hedge fund assets at a record $5.6 trillion at the end of the second quarter of 2026, per HedgeNordic, with the marginal dollar going to multi-strategy platforms that hire PMs one seat at a time.

Why Quant PM Search Is Different

The best quantitative portfolio managers are not on the market

Senior quant PMs combine technical depth with a record of investment judgment. They manage substantial capital, operate with significant autonomy, and are well compensated. The vast majority are not responding to job advertisements or recruiter outreach from generalists. Reaching them requires domain credibility, discretion, and an existing relationship: or the ability to build one quickly on substance.

This is where a specialist quant portfolio manager recruiter differs fundamentally from a broad executive search firm. At Bayes Group, our conversations with candidates begin with strategy, not job specifications. We understand the difference between a medium-frequency stat arb book and a cross-sectional equity momentum strategy, and that distinction shapes every aspect of how we evaluate fit: from infrastructure requirements to risk culture to compensation structure.

Confidentiality is non-negotiable. Many of the searches we conduct are for newly seeded pods or strategic hires where discretion protects both the hiring firm and the candidate. Senior seats are engaged retained or exclusive where the seat warrants it, with fee terms agreed in a one-page terms letter before any named introduction is made; every engagement is principal-led and given the time these mandates demand.

Strategy Coverage

Coverage across quantitative and systematic strategies


Quant Equity Long/Short

Factor-driven and statistical equity strategies across developed and emerging markets, including market-neutral and variable-beta approaches.


Systematic Macro

Trend-following, carry, and multi-asset momentum strategies executed through futures, FX, and rates instruments.


Statistical Arbitrage

High-frequency and medium-frequency mean-reversion, pairs trading, and cross-sectional momentum across equities and futures.


Volatility & Options

Relative value volatility, dispersion trading, variance swaps, and systematic options strategies across indices and single names.


Relative Value

Capital structure arbitrage, convertible bond arbitrage, and cross-asset relative value strategies at multi-strategy platforms.


Commodities

Systematic and discretionary commodity strategies spanning energy, metals, and agriculture across physical and derivative markets.

Global Reach

Quantitative portfolio manager executive search across five major hubs

Quant PM talent is globally distributed, and the most compelling candidates are often willing to relocate for the right seat. Bayes Group covers the market from New York, with Hong Kong and London coverage, and has delivered mandates into Singapore and the Gulf: the markets where the majority of senior quant PM capital is allocated.

This geographic breadth is not a matter of having offices everywhere. It reflects years of direct engagement with portfolio managers, CIOs, and heads of research across these markets. When a multi-strategy platform in New York needs a quant equity PM, we are equally capable of sourcing from a London-based systematic fund or a Hong Kong market maker. When a Dubai-based sovereign wealth fund advisor seeks a systematic macro PM, we draw on the same global network.

Cross-border mandates are common in our practice. We handle the complexity of international compensation structures, visa considerations, and cultural alignment as a standard part of our process.

For portfolio manager recruiters in New York specifically, the New York hedge fund search practice covers PM mandates at Manhattan and Greenwich platforms; London searches run through the London quant search desk.

Selected Placements

Representative quant PM placements


Senior D1 PM / Partner

Global Hedge Fund, Asia-Pacific


Senior PM, Fixed Income

Multi-Strategy HF, New York


Senior PM, ECM

Global Hedge Fund, Hong Kong


Senior Portfolio Manager

Quantitative Macro Fund, London

Our Process

Three-phase retained search, built for precision

01

Define & Map

We begin with a detailed mandate discussion covering strategy focus, risk limits, infrastructure requirements, and cultural fit. From there, we map the full addressable population of qualified candidates globally, not just those actively looking.

02

Source & Assess

We engage candidates through direct, confidential outreach. Every candidate undergoes a structured assessment covering investment philosophy, track record attribution, risk management approach, and alignment with your platform.

03

Present & Close

We deliver a focused shortlist of pre-assessed candidates with detailed written profiles. Through the interview and offer process, we provide compensation benchmarking, negotiation support, and transition planning to ensure a successful close.

Frequently Asked Questions


What is a quant portfolio manager (quant PM)?

A quant portfolio manager is an investment professional who runs a live trading book using systematic, model-driven strategies, statistical arbitrage, systematic macro, quant equity, or volatility, with direct profit-and-loss ownership. The seat combines research judgment with capital responsibility: a quant PM decides which signals deserve capital, how much, and when to retire them, and is paid on the book's results rather than on research output alone.


Which quant recruiters place senior PMs at hedge funds?

The senior PM layer is covered by a small set of specialist quant recruiters rather than by generalist agencies, and the working test is whether the recruiter can discuss strategy capacity, payout mechanics, sit-out arithmetic and track-record attribution in the first call. Bayes Group is a New York-headquartered quant PM search firm working only at that layer: senior, book-running portfolio managers at hedge funds and multi-manager platforms, approached confidentially on a retained mandate. Candidates are named to a hiring firm only after terms are agreed in writing.


What is a quant portfolio manager recruiter?

A quant PM recruiter is a specialist executive search professional focused on placing quantitative portfolio managers at hedge funds, multi-strategy platforms, and systematic asset managers. Unlike generalist recruiters, a specialist understands strategy types (stat arb, systematic macro, quant equity), can evaluate track records, and maintains relationships with PMs who are not visible to the broader market.


How long does a quant PM search typically take?

A retained search for a senior quantitative portfolio manager typically takes 3 to 6 months from mandate to signed offer. The timeline is driven by non-compete provisions: the best candidates are often locked into 12 to 21 month sit-out periods at their current platform, which means the search process should ideally begin well before the need is acute.


What strategies do you cover in quant PM search?

We cover the full spectrum of quantitative portfolio management: systematic macro, quant equity long/short, statistical arbitrage, volatility and options strategies, relative value, and systematic commodities. Our practice spans multi-strategy platforms, standalone systematic funds, and market makers.


Do you work with funds outside New York?

Yes. The firm is headquartered in New York with Hong Kong and London coverage, and has delivered cross-border PM mandates across those markets plus Singapore and the Gulf; international relocations are a standard part of the practice.


Start a search

Bayes works with a small number of firms at any one time, confidential by default, on terms agreed before any name is disclosed, and retained or exclusive where the seat warrants it. Three ways to begin, in whichever order suits you.

The one-page terms letter

Fee terms are agreed in one page before any candidate name is disclosed. Ask for it and it is with you promptly; the named brief and the first introduction normally follow within a day of countersignature.

Request the terms letter →

Write directly

Two lines on the PM seat you are trying to fill is enough to start. Every conversation is confidential and carries no obligation.

richard@bayes-group.com →