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Eon-Labs KB

Letter to Jordan and Chris of Selby Jennings

Source: Notion | Last edited: 2026-04-01 | ID: 2331b5ce-dcc...

Hi Chris and Jordan,

We appreciate your promptness in offering us two candidates for consideration.

Although the Base & Bonus Pay page contains everything that we have thought of so far to attract talents, I’m going to further summarize and make it more relevant to the two candidates (Rosen & Jaworski) at hand.

First things first, we assume that we’re not the only prop firm offering job opportunities, in terms of base pay, please advise how we can structure it so that we can become competitive enough for their consideration.

The Know-How of new hires is protected by a Confidentiality Agreement explained in KHA Probationary Period. In short, anything shared during KHA Probationary Period, mention trying to profit from the Know-How in the years to come. Please advise if there are some other methods that can offer the candidates more peace of mind that we’re unaware of yet.

The PFP component of the employee compensation plan is going to be negotiated as a curbed version of Profit Sharing because a “risk-free” base pay is received by the ATSR already. The curbs will be reflected as follows:

  • ATSR Fee (the percentage of Excess Gain) sharable reduced to

  • Withholding of ATSR Fee percentage to SNRF increased to

    • 60–95% (stronger safety net against MDD)

  • Disbursement of SNRF period in arrears lengthened to

    • 9–15 months (delayed as a retention bonus of sort) We love to add AUM to their MSA as frequently and as much as possible, but we do have to scale up gradually as we gain more insights and confidence into the trading system that they offer. We believe the four stages of KHA Probationary Period can be essential to the success for all parties. Furthermore, we also believe that we can be as generous as other competing employers, if not more; but our generosity is constrained by:

  • the WBUF matrices that the employees would reasonably agree to commit (also detailed in the ATSR Offer Letter template)

  • our prop fund (more on that is detailed in ibAUM)

  • the amount of institutional client funds (e.g. our CBO Victor Hogrefe had a booth at iConnections Global Alts 2023)

  • the level of familiarity with the new ideas brought forth by the ATSR

    • our ability to recognize their robustness and uncorrelated returns potential to our existing strategies.

  • our openness and attention to criticism so that we can improve all of the above ^_^ Please let us know how we can proceed further, and your critical opinions are more than welcome!