What are the responsibilities and job description for the APFC External Partner Intern - Hedge Fund - Crestline Investors, Inc position at Alaska Permanent Fund Corporation?
APFC External Partner Internship Program
We’re excited to announce an incredible internship opportunity with one of APFC’s valued external partners! To be considered for APFC’s external internship programs, applicants need to meet the following criteria:
- Be currently enrolled at an Alaska university or be an Alaska resident attending school in any state.
- Be pursuing a bachelor’s or master’s degree or have graduated within the past six months.
- Pursuit of a bachelor’s or master's degree in business, finance, economics, business economics, or related fields – minimum GPA of 3.0 or the preferred academic standing of external partner internship program.
Application Process
Application Period Closes February 3, 2025
Required: Cover letter/ Resume
In addition to the APFC eligibility requirements above, each external internship partner has specific eligibility requirements and qualifications. Please ensure your application is complete before submission, as only fully completed applications that meet eligibility requirements will be forwarded for consideration. Please note your cover letters must indicate you're applying through the APFC Partner Internship Program.
Applicants who meet the APFC Alaska eligibility and GPA requirements will be forwarded to Crestline Investors, Inc. when the application period closes.
Hedge Fund Strategies – Crestline Investors, Inc.
About Crestline Investors, Inc.
Crestline Investors, founded in 1997, is an institutional alternative investment management firm with more than $17 billion in assets under management. Crestline specializes in credit and opportunistic investments that offer flexible capital solutions to middle market companies, asset backed investing and financing solutions for private equity, real estate and infrastructure funds and other private asset vehicles. Crestline Summit employs a multi-strategy, multi-portfolio manager, equity-oriented market neutral approach to producing absolute returns. Crestline provides beta and hedging solutions for institutional clients. CL Life and Annuity Insurance Company is a provider of fixed annuity products. Headquartered in Fort Worth, Texas, Crestline maintains affiliate offices in Dallas, New York, London, Toronto and Tokyo.
We are currently looking for Interns to work with our Hedge Fund Investment and Marketing teams in Fort Worth during the summer of 2025.
The requirements for this intern position include:
- Class of 2026/2027 Finance or Business majors with an interest in financial markets and investing
- We are looking for highly motivated individuals who have demonstrated outstanding achievements in academic and extracurricular activities
Qualified candidates must be self-motivated team players who have strong organizational and communication skills. While a background in finance or business is not required, applicants should have a passion for financial markets. Strong proficiency with Microsoft Excel and data analytics is a plus.
The responsibilities of the intern:
- Working with the Investment Team to gain familiarity with the workings of the Equity Markets and various market-neutral strategies
- Learning the basics of fundamental Equity Investing and Equity Capital Markets
- Developing presentations and analyzing portfolio manager data
- Working on various projects to support the investment and marketing teams
- Assisting the investment and marketing teams with day-to-day responsibilities
- Interns are involved with teams of all levels, including managing directors and officers of the fund. Crestline prides itself on having an open atmosphere where ideas are continuously shared and creative thinking and individual initiative are encouraged. Colleagues serve as both instructors and mentors. Interns will form relationships with many professionals while developing special camaraderie with their peers.
- Interns are expected to work 40 hours per week over the summer and will be compensated accordingly. Continuation of internship during the 2025 fall semester is also a possibility, depending on location of school (Texas or New York), and summer performance.
What will our Interns get out of this experience?
- Expanded knowledge of the hedge fund industry including trading of equities and derivatives, portfolio management, risk management, finance, and operations
- Exposure to the firm’s businesses while developing important analytical and communication skills
- Frequent feedback on performance, goals, and professional development objectives, reviewed by team members with whom they work, throughout the internship
- Invaluable experience that will differentiate candidates in the beginnings of a career in finance
- An hourly wage, including overtime for working more than 40 hours per week
Travel and Housing
Interns are required to make their own travel, transportation, and housing arrangements.
Salary : $25