We are Sovereign, a proprietary trading fund. We're building a unique approach to IP that enables individuals to retain full rights to the IP they create, ensuring value alignment between the individual and the company. Concretely, an individual will have the right to spin-off their IP into a separate company, of which Sovereign will have an option to acquire 20%.
This approach minimizes the need for conventional employment limitations and constraints, offering increased slack. Our goal is to assemble a team of high-variance individuals, affording them the time, freedom, and motivation to discover and attempt their visions.
In the context of financial markets, higher-variance can lead to extreme results—from wild successes to un-investable failures. Assuming an exponential distribution of outcomes, the expectation of the process grows with its variance. Variance will grow when individuals are unconstrained.
This process also produces uncorrelated results, creating an ideal environment for debate in a field where intellectual honesty is a prerequisite. We aim to build a lab where diversity of ideas obtained through independent exploration leads to quality collaborations and discussions.
Sovereign is a Quantitative hedge fund incubated within Nascent.
We are currently filling three roles. Portfolio Managers, Quantitative Developers and Data Engineers.
While every role will have different qualifications, we particularly value experiences that demonstrate high agency and we deliberately focus on a flat hierarchical structure that will not enforce directions on the members of the group. This would generally include any meaningful project that was done outside of the normal structure of life such as school or work.
For instance:
At Sovereign, our Portfolio Managers are empowered as independent researchers, leading their own innovative projects to create profitable intellectual property. This IP is primarily owned by the researcher, granting them the freedom to leave Sovereign and leverage their creations on their own terms. We offer a unique “hedge fund-incubator” environment, providing you with unparalleled freedom, resources, and flexibility to thrive and and pursue your vision.
Learn more and apply here.
As a Quantitative developer on Sovereign, you'll have the opportunity to drive the optimization of our execution pipeline, with a focus on execution and portfolio optimization and broker connectivity. Though our pipeline has proven its ability to generate significant alpha across a wide range of asset classes and timeframes, a vast reservoir of potential remains untapped giving you the unique opportunity to unlock this alpha, making a direct and substantial impact on our success.
Learn more and apply here.