Investment Associate - Hedge Fund US Equities
Michael Page
Job Overview
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Job Description
Investment Associate - Hedge Fund US Equities
Our client is a prominent long/short equity manager, overseeing a billion-dollar hedge fund. They are seeking a dedicated Investment Associate to join their world-class team. This role offers the unique opportunity to work with a technology-driven research process, focusing on US equities, and includes annual travel to the U.S. for onsite collaboration.
About Our Client
This client is a sophisticated long/short equity manager known for its focused stock selection and disciplined portfolio construction. They leverage a technology-driven research process, refining investment ideas through rigorous fundamental work, collaborative debate, and systematic application of data science to quantify risk and conviction. The firm prides itself on assembling a world-class team from other global hedge funds, fostering a culture grounded in intellectual rigor, a commitment to excellence, and strong ownership.
The Role of an Investment Associate - Hedge Fund US Equities
As an Investment Associate, you will be instrumental in the investment process, contributing to in-depth financial analysis and idea generation for US equities. Your responsibilities will include:
- Building and maintaining comprehensive three-statement financial models for covered companies.
- Developing and presenting investment ideas with Assistant Portfolio Managers (APMs), from initial hypothesis to final investment recommendation.
- Refreshing financial models promptly with quarterly results, guidance updates, M&A activity, and capital actions.
- Reviewing earnings-call and expert-call transcripts to identify key performance indicators (KPIs) and fundamentals-driving metrics.
- Curating and maintaining a comprehensive knowledge base, including transcripts, interviews, and channel checks.
- Preparing detailed earnings previews and "cheat sheets" highlighting key debates and metrics for monitoring.
- Maintaining industry-specific data sets such as Total Addressable Market (TAM), market share, commodity inputs, and macro/pricing trackers.
- Conducting an overnight news and filing sweep to deliver a concise pre-market digest.
- Codifying step-by-step Standard Operating Procedures (SOPs) for model refreshes, screen runs, and data pulls to ensure efficiency and consistency.
Candidate Profile
The ideal candidate will possess a strong analytical foundation and practical experience in financial markets:
- A Bachelor's or Master's degree in Engineering, Finance, Accounting, Economics, or a closely related field.
- 3-6 years of relevant experience in equity research, investment banking, or a buy-side analyst position.
- Expert-level proficiency in Excel, including advanced modeling and Power Query, coupled with solid accounting intuition.
- Familiarity with financial data terminals such as Bloomberg, FactSet, or Capital IQ.
- Excellent written English communication skills, with the ability to distill complex information into clear and concise bullet points.
- (Optional but highly valued) Working knowledge of Python or VBA for data wrangling and automation.
- (Optional but highly valued) Experience in building data pipelines (e.g., SQL/Snowflake) or developing dashboards (e.g., Power BI/Tableau).
- (Optional but highly valued) Exposure to alternative-data sources like app-rank data, web-traffic analysis, or sensor data.
What's On Offer
This role provides an exciting opportunity to advance your career within a leading hedge fund, offering:
- Annual travel to the U.S. for onsite collaboration and deeper market insights.
- An attractive and competitive compensation package.
- A highly collaborative and supportive team culture.
Key skills/competency
- Financial Modeling
- Equity Research
- Investment Analysis
- Data Science
- US Equities
- Valuation
- Excel
- Bloomberg Terminal
- Accounting
- Portfolio Construction
How to Get Hired at Michael Page
- Research Michael Page's network: Understand their client base and typical placements in the hedge fund sector, leveraging LinkedIn for insights.
- Tailor your resume precisely: Highlight 3-6 years of equity research, investment banking, or buy-side experience with specific examples of financial modeling and investment idea generation.
- Showcase advanced Excel skills: Provide examples of complex financial models built, demonstrating expertise in Power Query and strong accounting acumen, crucial for Investment Associate roles.
- Prepare for technical interviews: Be ready to discuss in-depth financial modeling, valuation methodologies, US equity market dynamics, and your experience with Bloomberg, FactSet, or Cap IQ.
- Demonstrate strong communication: Practice articulating complex investment theses concisely, as clear written and verbal communication is essential for client-facing and internal presentations.
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