A summer on the firm’s own work.
Undergraduates join one of four tracks and stay in it for the summer, working on research the firm is actually running.
There is no rotation. A summer spent touching four desks for two weeks each teaches the shape of a firm and nothing about the work, so an analyst takes one track and goes as deep into it as the summer allows.
What you conclude is reviewed on the same terms as anyone else’s, and it is attributed to you. That is the point of a small firm working on its own capital: there is no layer between the analysis and the decision.
A summer analyst is not a candidate for a full-time offer by default. Some are asked back; the summer is not run on the assumption.
Tracks
4Investment Research
Filings, disclosures, and the operating detail behind a name.
Trading
Where a position meets a market, and what the market does with it.
Risk Management
Stated exposure limits, and where the book stands against them.
Portfolio Construction
How capital is sized across positions, and why it is sized that way.
Questions about the program, or interested when it next opens? [email protected]