Lycka Asset Management LLP
Website:
lycka-am.com
Job details:
Company: Lycka Asset Management
Location: Ahmedabad / Mumbai | Hybrid possible
Employment: Full-time
Role: Proprietary Trader / Portfolio Manager
About Lycka Asset Management
Lycka Asset Management is building a professional proprietary trading platform focused on generating consistent, risk-adjusted returns across Indian financial markets.
We are looking to partner with an experienced Proprietary Trader / Portfolio Manager who has a demonstrable live trading track record and can independently develop, manage and scale a trading strategy using the firm's principal capital.
The selected candidate will have significant autonomy over strategy development and execution, supported by professional capital, infrastructure, execution and risk management.
The Mandate
The candidate may specialize in one or more of the following:
Index futures and options
Equity derivatives
Options and volatility trading
Statistical arbitrage
Market-neutral strategies
Momentum / systematic strategies
Intraday trading
Medium-frequency strategies
Event-driven strategies
Quantitative trading
Other demonstrably scalable proprietary strategies
We are open to both systematic and discretionary approaches, provided the strategy has a verifiable edge and disciplined risk framework.
What We Are Looking For
Required
3+ years of professional trading experience
Demonstrable live trading track record
Strong understanding of Indian equity and derivatives markets
Proven risk-management discipline
Experience trading meaningful capital
Ability to explain the source and sustainability of the trading edge
Strong understanding of execution, liquidity and slippage
Ability to work independently and take ownership of a trading mandate
Preferred
Previous experience at a proprietary trading firm, hedge fund, family office or institutional trading desk
Quantitative or systematic trading experience
Strong Python / C++ / R skills
Experience developing automated trading strategies
Strong NSE F&O experience
Experience managing ₹1 Cr+ of capital
Experience trading through different market regimes
Experience building strategies that can scale with additional capital
Track Record Requirements
Candidates should be prepared to provide, subject to appropriate confidentiality arrangements:
24–36+ months of trading history
Monthly P&L
Maximum drawdown
Sharpe / Sortino or equivalent risk-adjusted metrics
Capital historically traded
Gross and net exposure
Leverage used
Average holding period
Number of trades
Worst day / week / month
Strategy capacity
Execution and slippage characteristics
Explanation of the strategy's core edge
Screenshots of brokerage accounts or unaudited performance claims will not be considered sufficient evidence of a professional track record.
Capital & Scaling
The successful candidate will initially receive a controlled proprietary capital allocation.
Capital allocation can be increased substantially as the candidate demonstrates:
Consistent risk-adjusted returns
Drawdown control
Strong execution
Robust risk management
Strategy scalability
Ability to perform across changing market conditions
The objective is to identify successful traders and strategies and scale capital behind them over time.
Risk Management
The trader will operate within clearly defined risk parameters, including:
Maximum daily loss
Maximum portfolio drawdown
Position-size limits
Gross exposure limits
Concentration limits
Leverage limits
Liquidity requirements
Event and overnight risk limits
The firm will maintain independent monitoring of positions, exposure and P&L.
Compensation
The compensation structure will be designed to strongly align the trader's interests with the firm's performance.
It will include:
Competitive fixed compensation
Significant performance-based compensation
High-water-mark structure
Performance participation based on risk-adjusted results
Capital scaling based on performance
For exceptional candidates, the opportunity can evolve into a Portfolio Manager / Strategy Head position with responsibility for a larger trading book and potentially additional traders or strategies.
Who Should Apply
We are particularly interested in individuals who have already demonstrated that they can make money consistently with controlled risk using professional capital.
This could include:
Proprietary traders looking for greater capital
Senior derivatives traders
Quant traders
Options / volatility specialists
Systematic traders
Independent traders with a verified professional track record
Portfolio managers looking to build an independent trading mandate
Who This Role Is NOT For
This is not a retail trading or signal-selling role.
We are not looking for:
Telegram / WhatsApp signal providers
Tipsters
Trading influencers
Individuals promising fixed monthly returns
Traders whose results depend primarily on excessive leverage
Candidates with only anecdotal or unverified performance
Individuals without a clearly defined risk-management framework
We are looking for someone who approaches trading as a professional investment business and capital-allocation discipline.
Application
Interested candidates should submit:
CV / professional profile
Trading experience
Description of primary trading strategy
24–36 month performance summary
Maximum historical drawdown
Maximum capital traded
Risk-management framework
Technology / automation capabilities, if applicable
Notice period
Compensation expectations
All applications will be treated confidentially.
Click on Apply to know more.
