Jordon Chris Joe Selby Jennings

Source: Notion | Last edited: 2023-10-31 | ID: 9fc1376a-8ba...

Questions for Chris Pei:

Is it possible to get a Profit and Loss (PnL) record in CSV or spreadsheet format for the past six months (if three years is too long)? (Live or simulated results are both acceptable.)
Can Chris generate excess returns without the need for a team? (We are looking to hire someone who can work independently.)
If a team is required, what is the headcount and what are the requirements for those hires?
What is the investment time horizon if time-varying performance measures are considered? In other words, what is the minimum Sharpe Ratio (or minimum excess return percentage) for any successive 28-day time horizons?
We are unfamiliar with DeFi related strategies. Is it capital intensive? (We are only familiar with directional trading on crypto contracts, which requires a low capital requirement and we have never used more than 3X leverage. We have access to one friendly exchange (one of the top three US-based ones) that offers interest-free leverage on spot, but only up to 5X.) He can answer these questions either in writing or through a quick interview – whichever works best for him, we’re happy! :smiley:

https://www.linkedin.com/in/chris-pei-1960a7117/

I’d like to suggest a potential candidate: Chris Pei. Currently, he is the Head of Quant at JST Capital, where he leads the development of Medium Frequency Trading strategies across various tokens and exchanges, conducts Alpha researches on StatArb and pure data-driven signals using Machine Learning and AI, and has built Market Making and HFT systems on 6 different centralized and decentralized digital asset exchanges. Chris has also worked as Head of Quant Strategies at Galaxy Digital and LedgerPrime, where he invented the YieldStars DeFi Yield Farming infrastructure and developed the company’s cross-asset trading platform, respectively. He has a strong track record, with a Sharpe ratio at LedgerPrime of 3.0-11.0 over a 3-year period.

Chris is currently looking to make a move due to unfulfilled expectations at JST and is actively seeking new opportunities. He has a 1-week notice period and is open to multiple role types, as long as it’s a good fit for him and the company. He is a US citizen based in NYC and is open to in-person or remote work and relocation, depending on the company’s needs. He is flexible for the right opportunity and is seeking a base salary of around $300k plus bonus and PNL.

https://docs.google.com/document/d/1k5vmCz2wWc4aHA3kiWiUzMp5RMvFanucV-Q7S3aXjZw/edit

Hi Terry,

Thanks for the prompt response.

The Billable Salary is referring to any contractual compensation. I.E. You hire a Quant Trader and pay a $150,000 base salary (x 35%), the upfront fee is$ 52,500. If there’s no contractual fixed comp, meaning you pay the trader no base salary, we will operate on the minimum fee which is $50k.

RE: Additional Fee - At the end of the first full year of live trading we’ll then get an additional kicker of 30%. Say a trader makes $2mm in NET profits and you pay them out 30%, their pay-out is$ 600k and at 30% our fee off the kicker is $180k. Total fee is$ 180k + $52,500 =$ 232,500.

Does that make sense? Let me know your thoughts.

Hi Jordan and Chris,

Thanks for the updated agreement. I’m reviewing it.

Just to confirm my understanding:

In the agreement, it says:

“Billable Salary” means the Candidate’s first year gross remuneration package relative to their employment by the Client; including, but not limited to, the Candidate’s annual base salary, bonuses (including sign-on, retention, performance and discretionary), and allowances.

Since Billable Salary basically means the 1st-year pay-out to the Candidate, does it mean that the 35% will have to be charged separately especially when we have yet to know the pay-by-performance amount yet?

Also, since there is an additional 30% of the Candidate’s pay-out in the first three years, does it mean that a 35%+30% = 65% of the Candidate’s 1st-year pay-out is payable to Phaidon as fee?