Bitwise Asset Management · 10 hours ago
Associate Portfolio Manager - DeFi & Alpha Fund
San Francisco, CA
Full-time
Onsite
Mid, Senior Level
$155K/yr - $185K/yr
5+ years expBitwise Asset Management is a leading firm in the cryptocurrency space, managing a broad suite of index and active solutions. They are seeking an Associate Portfolio Manager to research and underwrite DeFi yield strategies while assisting with day-to-day portfolio operations and risk analytics.
BlockchainCryptocurrencyFinancial ServicesSoftware
No H1B
Responsibilities
Proactively source, evaluate, and diligence DeFi yield opportunities (money markets, LPing/Uniswap v3, basis/funding captures, vaults, RWAs)
Conduct comprehensive protocol underwriting to establish investment theses. Define robust risk criteria, implement firm-wide position limits, and articulate clear, actionable exit paths for all deployed capital
Utilize analytical tools to track the performance of DeFi positions, perform return reconciliation, and conduct detailed attribution analysis to understand strategy contribution and drive optimization
Build and maintain operating playbooks and risk guardrails for DeFi activities (venue whitelist, oracle/MEV checks, health/LTV, signer policies, incident response)
Manage day-to-day DeFi operations including continuous collateral monitoring, rebalancing, hedging, and alerts
Assist the Lead Portfolio Manager with ongoing research and structured diligence for a crypto FoF portfolio, including qualitative and quantitative assessment of strategy, performance and risk profiles
Perform in-depth risk analytics and reporting across the entire portfolio, including both direct DeFi positions and FoF allocations. Using data to inform allocation decisions, stress-test various scenarios, and maintain overall portfolio balance
Take a lead role in drafting clear, concise and professional Investment Committee (IC) -ready memos. Articulate investment risks, strategy rationale, scenario analysis, and the expected contribution of all allocations to overall portfolio outcomes
Qualification
Required
5 to 7 years experience, with 3–5 years specifically in DeFi portfolio ops/treasury, crypto trading/derivatives, multi-manager/allocator research, or quant/risk analytics
Depth of experience with a variety of DeFi protocols and liquidity provision across EVM and non-EVM chains
Operational DeFi skills: wallet hygiene and multisig, bridging/L2 flows, oracle & MEV risk basics, collateral/health factor management
Familiarity with a variety of crypto trading strategies (CeFi/DeFi, directional/non-directional)
Demonstrated experience in evaluating and performing diligence of crypto fund managers, including track record analysis and operational due diligence
Proficiency in Python, Jupyter, SQL basics, advanced Excel; comfort with time-series joins, return reconciliation, attribution, and stress testing
Proven ability to communicate complex concepts to both technical and investment audiences and to produce IC-caliber memos and dashboards
High agency and ownership; knows when to seek input and when to drive execution independently, AI tools to enhance productivity and quality
Exceptional attention to detail and a rigorous, proactive approach to risk identification and mitigation
Preferred
Expertise in on-chain and protocol analytics (Dune, Flipside, DeFiLlama, Artemis, Token Terminal) and explorers/oracle monitors
Experience converting raw DeFi/market data into trackable signals or playbooks; familiarity with model-driven allocation/regime flags
Experience with Uniswap v3 LP math and hedging frameworks for DeFi positions
Proven ability to manage multiple workstreams and stakeholders with crisp prioritization
Benefits
Equity compensation as a component of all offers
Health insurance, including dental and vision plans
Health, Dependent Care and Commuter Flexible Spending Accounts
Paid Parental Leave
Life insurance; short- and long-term disability plans
Company-funded 401(k) plan, no matching required
Unlimited PTO
10 paid company-wide holidays
Company-wide winter break for most roles
Meals and snacks provided in office
Paid company cell phone or stipend
Bitwise “Buddy” Program (30-day new-hire success program)
Annual birthday and anniversary gifts
Company-wide events including annual holiday party
Internal Women of Bitwise (WOB) group with fun events
Company
Bitwise Asset Management
Based in San Francisco, Bitwise is one of the largest and fastest-growing crypto asset managers.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$154.5MKey Investors
Highlight CapitalAvichal Garg
2025-02-25Series Unknown· $70M
2021-06-20Series B· $70M
2019-05-01Series A· $10.5M
Leadership Team
Hunter Horsley
Cofounder, CEO
Hong Kim
Co-founder & CTO
Recent News
2026-01-23
Company data provided by crunchbase