Description
Location: Minneapolis, MN (Favor local or local with hybrid, remote may be considered)
Company: Peregrine Capital Management, LLC
Employment Type: Full-Time
About Peregrine Capital Management
Founded in 1984, Peregrine is a current and former employee-owned investment management firm offering three primary styles, Small Cap Growth, Small Cap Value and Large Cap Growth. Over the years, Peregrine has been known for the continuity of our investment teams, style integrity, outstanding client service and solid investment performance.
With approximately $4.5 billion in total AUM and AUA, the firm espouses an actively managed, fundamental, research-driven investing approach. Large Cap Growth assets represent approximately $1.5 billion, Small Cap Growth, $2.2 billion, and Small Cap Value, $810 million. The vast majority of the firm’s clients are represented by separately managed institutional mandates. They include corporate defined benefit and defined contribution plans, public funds, Taft Hartley, endowment and foundations, family offices, insurance companies, sub-advisory and offshore clients. In addition, the firm manages some HNW accounts via RIA relationships and offers services to model delivery platforms.
Position Overview
The firm is seeking a Senior Equity Trader for its 2-person trading team. The successful candidate will play a central role in trade execution, best execution oversight, broker management, commission administration, due diligence support, and strategic initiatives that support both the investment process and firm growth. This candidate will act as a fiduciary steward of client assets by ensuring equitable treatment across client accounts.
The ideal candidate will combine deep institutional US trading expertise across all market capitalization sizes with strong communication skills, sound business judgment, and a willingness to leverage technology and automation to enhance investment outcomes.
Key Responsibilities
Trading & Execution
- Execute US equity transactions on behalf of client portfolios for our 3 investment styles.
- Collaborate closely with portfolio managers on trading strategy and execution.
- Evaluate and manage electronic trading algorithms and execution venues.
- Source liquidity and identify block trading opportunities.
- Monitor market structure developments and emerging trends.
Best Execution & Trading Analytics
- Maintain best execution standards across all trading activity.
- Facilitate quarterly transaction cost analysis (TCA) reviews with third-party vendor and Best Execution Committee.
- Analyze execution quality and broker performance.
- Recommend enhancements to trading processes and technology.
Broker & Commission Management
- Manage relationships with broker-dealers and trading counterparties.
- Conduct annual broker reviews and maintain broker tiers.
- Administer Commission Sharing Arrangements (CSA).
- Maintain commission recapture programs.
Soft Dollar Administration
- Manage annual soft dollar expenditures/approving monthly vendor invoices.
- Assist with annual budget development and approvals.
- Participate in quarterly commission budget reviews with firm leadership.
Due Diligence & Client Support
- Participate in client, consultant, and prospect due diligence meetings.
- Support RFP and DDQ responses related to trading and execution.
- Present the firm's trading process and broker oversight practices to existing and potential clients and consultants.
Compliance and Regulatory
- Partner with Compliance to support regulatory reviews, trading surveillance, soft dollar compliance broker documentation and annual policy reviews.
Strategic Projects
- Evaluate emerging trading technologies and AI-driven solutions.
- Support workflow automation and operational improvements.
- Participate in strategic initiatives that improve efficiency, scalability, and client service.
What We're Looking For
Beyond trading expertise, we are seeking someone who can contribute broadly to the firm through:
- Intellectual curiosity and strategic thinking
- Strong interpersonal skills
- Technology adoption and innovation
- Collaboration across departments
- A commitment to delivering value to portfolio managers and clients
This position offers the opportunity to play a meaningful role in the continued evolution of a highly respected institutional trading platform, while contributing to an investment organization that values experience, accountability, and continuous improvement.
Compensation
The anticipated annual base salary range for this position is $150,000 to $200,000 depending on experience, qualifications, and expected contribution.
In addition to base compensation, employees may be eligible for discretionary incentive compensation.
Peregrine offers a comprehensive benefits package that includes:
- Medical, dental, and vision insurance
- 401(k) retirement plan
- Paid time off and holidays
- Life and disability insurance
- Professional development opportunities
- Employee assistance and wellness benefits
Requirements
Desired Qualifications
Required
- 5+ years of institutional equity trading experience.
- Bachelor’s degree from an accredited university required. Concentration in finance, economics, accounting, business mathematics, or related discipline preferred.
- Demonstrated success trading U.S. equities across market capitalizations, with particular expertise in small- and smid-cap securities where liquidity management and sourcing are critical.
- Deep understanding of algorithmic trading, dark pools, crossing networks, transaction cost analysis and best execution practices.
- Experience working directly with portfolio managers.
- Excellent communication and relationship management skills.
- Strong analytical and problem-solving abilities.
Preferred
- Buy-side asset management experience.
- Eze Castle OMS experience.
- Experience with soft dollars, CSA programs, and broker oversight.
- Experience supporting due diligence meetings, RFPs, and DDQs.
