Hedge Fund Analyst

Job Description:

The Department

Strategic Advisers, LLC (SAI) is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity’s retail and institutional distribution channels. For more than 25 years, SAI has specialized in the design, construction and management of asset allocation solutions, as well as the methodologies for many of Fidelity’s investment planning tools, to help investors reach their financial goals. With over $750 billion in assets under management in a blend of Fidelity and third-party investment vehicles, the SA team of investment professionals constructs and manages asset allocation portfolios for over 3,000,000 customer accounts.

Fundamental Research

SAI’s Fundamental Research team consists of 29 Analysts and Associates organized by asset class teams of US Equity, International Equity, Fixed Income, and Alternatives.  The team actively researches a broad universe of investment strategies including institutional mandates, mutual funds, and ETFs in which we invest on behalf of our clients to achieve their investment objectives.

The Position

This is an investment role focusing on manager research in Liquid Alternative Investments (i.e. Hedge Fund like strategies).  Your responsibilities will include identifying the most compelling Liquid Alternative Investments strategies and influencing the investment decisions for our multi-manager “fund-of-funds.”  You will lead meetings with external portfolio managers to discuss their investment process and strategy objectives.  You will conduct detailed analysis of portfolio managers’ performance, risk and holdings using quantitative analytical tools such as Bloomberg, FactSet, MPI Stylus, Barra, Morningstar, and proprietary risk tools.  In doing so, you will rate strategies and communicate your recommendations to SAI portfolio managers through written reports, group presentations, and 1:1 meetings. In addition to your manager research responsibilities, you will have a voice in the portfolio construction process and in asset class initiatives.  This is not a client facing role.

Qualifications

• 6 years of investment experience with a track record of impactful investment decisions in Liquid Alternative Investments
• Manager research experience with primary focus on Hedge Funds and Liquid Alts strategies
• Strong quantitative and analytical skills, proficiency in statistics and advanced use of spreadsheets – Coding skills a plus; creative with data sourcing and handling
• Working knowledge of derivatives (options and futures)
• Demonstrated intellectual curiosity, initiative, independent-thinking and problem-solving skills
• Passion for investing and a broad knowledge of capital markets
• Strong communication and presentation skills – ability to discuss/debate complex issues in a clear, concise manner
• Collaborative attitude, comfortable giving and receiving feedback
• Willingness and desire to travel to meet with external portfolio managers.
• Advanced degree, CFA or CAIA preferred

Location

• Boston, Massachusetts

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.