eFinancialCareers

• Company

  Eden Scott

• Location

  UAE-Abu Dhabi

• Compensation

  Excellent salary depending on experience

• Position Type

  Employee

• Employment type

  Full time

• Updated

  14 Nov 2008

• eFC Ref no

  467961

Based in the United Arab Emirates, this leading investment company are currently seeking to recruit an Investment Analyst with at least 3 years of Capital Markets experience, and knowledge of the Hedge Funds industry. The analyst will be initially responsible for a sector of the total return managers that have low correlation to betas. However later on, the analyst will participate more actively in manager sourcing, selection, monitoring and evaluation. This includes carrying out characteristics, comparative and style analysis of prospective and current hedge fund managers. Contributes to on going strategy analysis by analyzing subset of hedge fund strategies that include CTA’s and Global Macro funds, fixed income, convertible, merger, capital structure, & statistical arbitrage as well as distressed securities, high yield debt, and special opportunities funds. Jobholder normally reports to Investment Manager.

INVESTMENT PERFORMANCE • Works with databases to identify potential managers using pre-set selection criteria including quantitative and qualitative credentials. Utilizes a network of industry contacts to glean information on potential managers. • Carries out review of managers through regular interactions or through reports on managers, to reinforce confidence that the manager follows the underlying principles of fair representation and full disclosure in areas like valuation and consistency of internal policies. • Carries out due diligence to identify the critical factors that may raise red flags within a fund. This includes demonstrating sound understanding of operational and administrative practices relevant to hedge funds. • Participates in the preparation for visits to managers. Includes preparing questions to be asked of managers, broadening the scope and material to be covered with managers during meetings. Review findings made during onsite visits at managers offices. • Studies the manager historical performance by performing performance attribution. Includes following up on markets that assigned managers are involved in to understand their source of value added. • Identifies the difference between global macro, trend-following, short-term trading and contrarian strategies. Includes strategy characteristics and analysis of the subset of hedge fund strategies that includes CTAs and Global Macro funds. • Identifies global economic factors affecting past performance of managed futures and global macro funds using his knowledge of global macro-economic fiscal and monetary theory. • Keeps track of the performance history of equity markets and the major events shaping it, as well the trends that long/short equity funds have displayed. Identifies the difference between long-only, short-only, long/short or market neutral strategies. • Identifies the difference between fixed income arbitrage, convertible arbitrage, capital structure arbitrage, merger and statistical arbitrage, and event-driven strategies. Monitors performance history and trends of the same hedge fund strategies and the major events shaping them. • Monitors performance and risk parameters for hedge funds and the portfolios by producing return analysis and performance attribution of different strategies and portfolios. • Work with a wide range of complex applications and interprets business requirements into systems requirements. Includes identifying and recommending new software packages for business planning studies. • Calculates, and compares investment statistics such as returns and risk factors for different periods for different strategies and portfolios and applies appropriate risk management concepts as sector exposures, DV01, delta, convexity, gamma, etc. and the ability to aggregate exposures for individual portfolios and across portfolios.

• Attends team meetings and exchanges well-researched, logical views and opinions on the management of external funds. • Discusses and reviews with superiors regular reports on individual External Fund Managers (i.e. investment strategy, portfolio characteristics, relative performance against benchmark) including forecasts. • Prepares for and attends meetings with the senior management team to evaluate External Fund Managers’ investment strategy, portfolio characteristics, performance and discusses important issues related to investment strategy.

• Contributes information and analysis to reports developed by the team on investment strategy, portfolio characteristics and performance of external fund managers for consideration by the Investment Committee.

• Qualitative KPIs, e.g., accuracy and report quality or meeting deadlines including: - Accuracy of manager analysis performed on managers and interaction with the other team members in the section. - Portfolio of managers achieving a return target

Education • University Degree, preferably in Business or related field • CFA

Experience • Five years of practical on the job experience under close supervision of an experienced analyst or senior analyst at a known financial institution.

• Strong IT skills (Excel, word, power-point) • Ability to use different information systems used by the Council (Bloomberg, Factset, Thompson…). • Ability to create and use elaborate quantitative models • Good understanding of the dynamics of hedge fund investments. • Knowledge of accounting practices, corporate governance rules, corporate strategy and investment valuations. • Advanced statistics. • Good understanding of all macro-economic statistics and interaction with sectors and firms. • Good written and spoken presentation skills in English. Business Orientation • Understands how fund managers construct portfolios • Understands the investment case for changing External Fund Managers • Prepares clear and concise recommendations to Senior Analyst/ Fund Managers for changing External Fund Managers Delivering Services and Solutions • Contributes to ongoing discussions about new approaches to analysing performance of External Fund Managers • Plans and organises work within guidelines, has clearly described responsibilities and objectives • Works with MIS support team to develop new analysis techniques to improve investment decisions Working Relationships • Internally: – Portfolio managers/ senior portfolio manager and other analysts within own department • Externally: – External Fund Managers – Analysts, researchers • Conveys arguments in a convincing way to fund managers and colleagues • Strong team work required with other analysts, fund managers • Requires continuous sharing of knowledge around trends and developments in own area of responsibility across department • Must be proactive in developing less experienced colleagues

This is a superb opportunity to join one of the world’s leading investment organisations. If you have the experience and skills above, please send your CV to Justin Pearce(justin.pearce@edenscott.com) to be considered.