SlipstreamJobs tracks this role from the company's public career site. Apply directly on the employer's site.
Frec is a modern investment platform for high-net-worth investors, combining self-directed investing with continuously managed strategies. The company has grown to $1.5 billion in assets under management (4x growth in the last year) and is backed by Greylock.
You will serve as Portfolio Manager, overseeing thousands of customized equity customer portfolios while helping build an AI-powered experience that delivers personal portfolio management at scale. This is a highly technical, hands-on role bridging investment expertise with product development.
Key responsibilities include:
- Managing and monitoring thousands of customized equity accounts, tracking performance against benchmarks, risk exposures, tracking error, cash balances, and factor exposures
- Enhancing investment strategies by translating insights from live portfolios to researchers, refining portfolio construction and risk monitoring, and supporting testing and rollout of new capabilities
- Maintaining tax-awareness and compliance with US tax regulations for long-only and long/short equity investing
- Partnering with product and engineering teams to translate quantitative expertise into automated portfolio analysis and personalized guidance
- Developing test cases and evaluating AI-generated analysis and recommendations, identifying gaps and ensuring appropriate licensed professional oversight
- Working directly with customers to explain portfolio performance and help evaluate complex investment decisions, including concentrated-stock transitions and tax-efficiency tradeoffs
You will work in the San Francisco office with opportunities for in-person collaboration. The role offers competitive salary, equity grants, fully paid health/vision/dental insurance, 401k, fitness and mental health allowance, unlimited PTO, visa sponsorship, and daily in-office meals.
Requirements:
- 5+ years of quantitative equity portfolio management with direct responsibility for decisions and outcomes (not research or client coverage only); strong preference for long/short strategy experience
- Deep expertise in equities portfolio management: understanding of how market and factor exposures drive returns, risk measurement, and how implementation choices affect performance; comfort with portfolio optimization, performance attribution, margin requirements, and financing/short borrowing economics
- Undergraduate or graduate degree in a STEM field plus robust programming experience (Python, SQL) for analyzing portfolio data and collaborating with engineers
- Exceptional attention to detail, organization, time management, and ability to thrive in collaborative team environments
- Builder's mindset with ability to experiment with AI tools and think critically about outputs; can translate investment reasoning into clear product requirements
- Clear communication skills to earn trust of sophisticated investors and explain complex portfolio decisions without jargon
- Sound judgment and ownership; notices when something doesn't look right and follows through to understand it
- Understanding of tax-aware investing is a plus (tax-loss harvesting, wash-sale constraints, appreciated portfolio transitions)
- CFA designation preferred but not required; must hold or be willing to obtain necessary registrations for role responsibilities
