Ranger Equity Investments (REI)

DESCRIPTION

Ranger Equity Investments (REI) is a student management fund that invests globally. We have $80K AUM and is deployed globally. Our benchmark is MSCI World.

What we can offer

An experience like what you would expect from an asset manager in the job market.
Build up your company coverage, sector knowledge, and investment track record.
Performance-based bonus (for analysts only, pending discussion).

Note: This position is not paid, excluding performance-based bonuses for analysts.
We STRONGLY prefer student applicants based in Canada, the US, and the UK, see below for details.
If you do not see this position open, you can email: houpeng.zhu@mail.utoronto.ca (valid before April 15th). Only successful applicants will be contacted.

RESPONSIBILITIES

Analyst

Your primary responsibility will be to cover 5-10 companies in your sector coverage and write at least 3 detailed investment memos and models during your time at REI. Portfolio and watchlist companies require daily tracking and monitoring, which analysts will be in charge of. Additionally, if your coverage team has associates, analysts will be managing and overseeing the work of the associates.

Junior portfolio manager

The junior portfolio manager will be engaging in portfolio management tasks such as risk management, currency risk management, attribution analysis, as well as administrative tasks.

Associate

Associates will be assisting the analysts in their coverage, including finding information for or drafting investment memos and models under the guidance of the analysts. Analysts may also offload some of their coverage to you.

REQUIREMENTS

Undergraduate students studying business, finance, or commerce, with a strong interest in equity research.
Strong analytical and communication skills.
Willing to put in the hours, as well as willing to learn.
Must have at least one year left of study.
Must NOT be working on full-time internships during the summer.
Minimum commitment: one year or longer.

Submit your most updated resume, and email address (included in the resume) through LinkedIn, as well as indicate your preferred 2 teams. (see below for the codes to indicate)

SELECTION PROCESS

Interviews will be given on a rolling basis. Only selected candidates will be contacted through email.
You will be asked to indicate your 1st and 2nd choice for departments.
Step 1: If your resume gets selected, you will first be selected by the Analyst(s) in your respective team. You will be given 3 days to produce an investment pitch based on the company that the analyst provides. You’ll be able to meet with the analyst to discuss your investment proposal.
Step 2: If you are selected for the second round, you will meet with the portfolio manager.
For junior portfolio manager candidates, you will directly meet with the portfolio manager.

ADDITIONAL INFORMATION – You will need to use the codes in your application – Select two preferred teams

Tentative headcounts:

Code 1: Global Emerging Markets (Associate – 1 person )
Code 2: Developed Markets Tech (IT & Communication Services) (Associate – 1 person)
Code 3: Developed Markets Consumer (Discretionary & Staples) (Analyst -1 person)
Code 4: Developed Markets Consumer (Discretionary & Staples) (Associate-1 person)
Code 5: Developed Markets Healthcare (Associate- 1 person)
Code 6: Developed Markets Financials (Associate – 1 person)
Code 7: Developed Markets Industrials & Materials (Associate – 1 person)
Code 8: Developed Markets Energy & Utilities (Analyst – 1 person)
Code 9: Developed Markets Energy & Utilities (Associate– 1 person)
Code 10: Developed Markets Real Estate (Associate– 1 person)
Code 11: Portfolio Management (Junior Portfolio Management – 1 person)