This position is listed on behalf of a partner company, which manages all applications and next steps. Our partner is looking for a VP Fund Management based in Germany.
As VP Fund Management, you will lead the creation, launch, and growth of an institutional-grade Bitcoin-denominated investment fund designed to generate sustainable BTC-based returns while prioritizing capital preservation. You will own the fund's investment strategy, portfolio construction, risk framework, investor relationships, and regulatory governance from the ground up. Combining traditional asset management expertise with deep knowledge of Bitcoin markets and decentralized finance, you will develop diversified strategies across BTC-collateralized lending, market-neutral trading, derivatives, and on-chain yield opportunities. You will lead capital-raising initiatives targeting institutional investors, ecosystem funds, and foundation treasuries while ensuring rigorous compliance and transparent performance reporting. As a founding executive, you will work closely with independent directors, external service providers, and technical teams to establish a robust, scalable investment platform. This is a unique opportunity to shape an emerging institutional financial product within a global, remote-first environment at the intersection of Bitcoin, capital markets, and financial innovation.
- Define the fund's investment strategy: Establish the investment mandate, portfolio construction methodology, asset allocation policy, and investment limits, securing board approval and aligning decisions with the objective of delivering risk-adjusted returns measured in BTC while prioritizing principal preservation.
- Build and manage the investment portfolio: Source, evaluate, and execute investment opportunities across BTC-collateralized lending, market-neutral and basis strategies, liquidity provision, and yield-generating opportunities across Bitcoin-aligned financial platforms.
- Lead investment due diligence: Assess investment counterparties, protocols, custodians, and trading venues, evaluating creditworthiness, smart-contract vulnerabilities, bridge risks, custody arrangements, and liquidation mechanisms.
- Oversee portfolio performance: Monitor investments and exposures, evaluate strategy-level returns, and deliver transparent performance attribution and reporting denominated in Bitcoin.
- Establish the risk management framework: Define and implement exposure limits, concentration thresholds, liquidity requirements, collateral haircuts, drawdown triggers, and escalation procedures in collaboration with the risk management function.
- Protect capital through active risk monitoring: Conduct daily portfolio reviews and stress tests covering Bitcoin price shocks, liquidity disruptions, counterparty or venue failures, stablecoin depegging, and protocol-related risks.
- Manage liquidity and redemptions: Maintain an appropriate liquidity profile aligned with investor redemption terms, ensuring the fund can meet its obligations while preserving portfolio stability.
- Lead fundraising and investor relations: Develop relationships with Layer 1 (L1) foundations, ecosystem funds, treasury managers, and institutional allocators to secure commitments and achieve the target of $500 million in committed capital within 12 months of launch.
- Structure investor arrangements: Develop suitable share classes, side letters, and investment terms that accommodate foundation treasuries and institutional investors while complying with applicable marketing and solicitation requirements.
- Oversee investor communications: Produce monthly investor reports and quarterly investment letters, lead investor calls and annual meetings, and maintain transparent communication regarding performance, portfolio positioning, and risk.
- Direct fund governance and compliance: Work with the board, independent directors, anti-money laundering officers, legal counsel, administrators, and auditors to maintain effective governance and meet applicable regulatory obligations.
- Manage fund documentation and valuation: Oversee offering documents, valuation policies, and net asset value (NAV) calculation processes in coordination with the fund administrator.
- Ensure regulatory compliance: Oversee applicable Cayman Islands Monetary Authority (CIMA) filings, investor anti-money laundering and know-your-customer (AML/KYC) procedures, annual audits, and ongoing regulatory reporting.
- Manage external service providers: Select and oversee custodians, prime brokers, over-the-counter (OTC) trading desks, fund administrators, auditors, and on-chain infrastructure providers.
- Build and lead the fund team: Recruit, develop, and manage a lean team spanning investment analysis, risk management, and operations as the fund scales.
- Represent the fund across the ecosystem: Serve as the senior investment representative in relationships with Bitcoin and L1 ecosystems, institutional partners, and investors, translating market demand into insights that inform product development and strategic priorities.
Requirements:
- Senior investment management experience: At least 10 years of experience in asset management, credit, or trading, including a minimum of five years as a portfolio manager or Chief Investment Officer (CIO) with direct profit-and-loss (P&L) responsibility.
- Institutional fund management track record: Demonstrated experience managing a regulated investment fund or institutional investment mandate, ideally with at least $100 million in assets under management (AUM).
- Bitcoin market expertise: Deep, practical knowledge of Bitcoin markets, BTC-collateralized lending, derivatives, basis trading, market-neutral strategies, and institutional digital asset investment approaches.
- Decentralized finance knowledge: Working understanding of DeFi mechanisms, including lending protocols, liquidity pools, bridges, on-chain yield strategies, and the operational and technical risks associated with these systems.
- Portfolio construction and risk management: Strong expertise in investment analysis, portfolio allocation, risk-adjusted performance measurement, liquidity management, collateralization, stress testing, and capital preservation.
- Fund governance and regulatory experience: Proven experience with fund offering documents, NAV calculations, valuation policies, independent board oversight, audits, regulatory reporting, and investor compliance requirements.
- Fundraising and investor relationships: Established relationships with crypto foundations, ecosystem treasuries, institutional allocators, or comparable investors, supported by a demonstrated ability to raise capital and maintain long-term investor partnerships.
- Legal and operational coordination: Experience working with external administrators, custodians, auditors, legal advisers, and other financial service providers to establish and operate institutional investment vehicles.
- Leadership and strategic execution: Demonstrated ability to build and lead high-performing teams, make independent investment decisions, and communicate complex financial and risk concepts clearly to boards, investors, and other senior stakeholders.
- Regulatory suitability: Ability to satisfy applicable director and key-person fitness and propriety requirements in the fund's jurisdiction, with a clean regulatory history.
- Preferred fund structuring expertise: Experience with Cayman Islands fund structures and British Virgin Islands (BVI) investment management arrangements is an advantage.
- Additional financial expertise: Knowledge of structured credit, including tranching and waterfall structures, or institutional treasury management is beneficial.
- Professional qualifications: CFA, CAIA, FRM, PRM, an equivalent professional qualification, or a relevant regulatory license is an advantage.
- Bitcoin ecosystem familiarity: Experience with Bitcoin Layer 2 networks, merged-mining ecosystems, or related blockchain infrastructure is a plus.
- Entrepreneurial mindset: A strategic, commercially minded, and hands-on approach, with the ability to establish a new investment function, navigate ambiguity, balance innovation with risk discipline, and deliver results in a fast-evolving market.
Benefits:
- Competitive compensation: Receive a competitive compensation package and additional benefits designed to support professional growth and personal well-being.
- Fully remote work: Work remotely from eligible locations across Europe and Latin America, with access to global coworking spaces.
- Work-life balance: Benefit from paid vacation and sick leave to support personal well-being and sustainable performance.
- Continuous learning: Access professional training programs, language courses, and annual learning sponsorship to support ongoing development.
- Innovative investment opportunities: Help build and scale an institutional Bitcoin investment product focused on lending, yield generation, and on-chain capital markets.
- Executive ownership and impact: Shape investment strategy, portfolio construction, fundraising, risk governance, and the long-term direction of a new financial venture.
- International collaboration: Work with a globally distributed team of professionals across finance, blockchain technology, and institutional financial services.
- Cutting-edge technology: Engage with emerging blockchain infrastructure and financial strategies designed to expand Bitcoin's role in institutional capital markets.
- Professional growth: Develop your leadership and investment expertise while helping establish a scalable investment platform from its earliest stages.