Fund Manager (Institutional-Grade BTC-Denominated Investment Fund)

RootstockLabs is seeking a visionary Fund Manager to architect, launch, and scale an institutional-grade, BTC-denominated investment fund from the ground up. This fund will enable institutional and private Bitcoin holders to unlock yield and manage credit risk through a mixed portfolio of strategies.

By bridging traditional institutional demand and Bitcoin-native yield generation, the fund serves as a trusted, regulated vehicle for deploying sophisticated capital.

As a founding leader, you will own the fund’s strategy, portfolio construction, risk management framework, investor relations, and regulatory governance. This is a high-impact, greenfield opportunity to define a flagship financial product in the Bitcoin ecosystem.

The Mandate

• Objective: Deliver risk-adjusted returns measured in BTC, with principal preservation in BTC terms as the first priority.
• Vehicle: Cayman Islands SPC, CIMA-registered, with independent directors and a third-party administrator, auditor, and custodian.
• Investors: L1 foundations and treasuries, ecosystem funds, and selected institutional allocators seeking BTC exposure with yield.
• Strategies: BTC-collateralised lending, market-neutral and basis strategies, liquidity provision, and yield on Rootstock and other Bitcoin-aligned venues, within board-approved limits. Directional exposure and unhedged leverage are out of scope unless the board expressly approves them.
• Target size: $500 million committed capital within 12 months of launch.

Key Responsibilities

Investment and Portfolio Management

• Set the fund’s investment strategy, allocation policy, and limits, and take them through board approval.
• Source, diligence, and execute positions across BTC lending, basis, and on-chain yield strategies.
• Run counterparty and protocol due diligence, including smart-contract, bridge, custody, and liquidation risk.
• Report performance in BTC terms, with clear attribution by strategy.

Risk Management

• Build the risk framework: exposure limits, concentration, liquidity buckets, collateral haircuts, and drawdown triggers.
• Monitor positions daily and stress-test against BTC price shocks, venue failure, and depeg events.
• Maintain a liquidity profile that matches investor redemption terms.

Investor Relations and Capital Raising

• Raise capital from L1 foundations, ecosystem funds, and institutional allocators, within applicable marketing and solicitation rules.
• Structure share classes, side letters, and terms suited to foundation treasuries.
• Produce monthly investor reporting and quarterly letters; lead investor calls and annual meetings.

Governance, Compliance, and Operations

• Work with the board, independent directors, AML officers (AMLCO/MLRO), administrator, auditor, and legal counsel.
• Own the offering documents, valuation policy, and NAV process alongside the administrator.
• Ensure ongoing regulatory compliance, including CIMA filings, AML/KYC on investors, and annual audit.
• Select and manage service providers: custodians, prime brokers, OTC desks, and on-chain infrastructure.

Team and Ecosystem

• Hire and lead a small team (analyst, risk, operations) as the fund scales.
• Act as the fund’s senior voice with L1 ecosystems and feed investor demand back into Rootstock’s product roadmap.

What You Bring

• 10+ years in asset management, credit, or trading, with at least 5 years as a portfolio manager or CIO with P&L responsibility.
• A track record managing a regulated fund or institutional mandate, ideally $100M+ AUM.
• Deep, hands-on knowledge of Bitcoin markets, BTC-collateralised lending, derivatives, and basis trades.
• Working knowledge of DeFi mechanics: lending protocols, liquidity pools, bridges, and their failure modes.
• Strong fund governance experience: offering documents, NAV and valuation, audit, and working with independent boards.
• Existing relationships with crypto foundations, treasuries, or institutional allocators, and a record of raising capital.
• Able to meet director and key-person fitness and propriety standards in the fund’s jurisdiction, with a clean regulatory history.

Nice to Have

• Experience with Cayman fund and BVI Investment Management structure.
• Background in structured credit (tranching, waterfalls) or treasury management.
• Relevant qualifications such as CFA, CAIA, FRM, PRM, or an equivalent regulatory licence.
• Familiarity with Rootstock, Bitcoin L2s, or merged-mining ecosystems.