Summer Intern – Systematic Investment / Portfolio Management

Job Description

About the company

Brevan Howard Asset Management is a prominent and leading absolute return/hedge fund manager. The firm oversees assets on behalf of a diverse range of institutional investors globally, including pension funds, endowments, insurance companies, government agencies, private banks, and fund of funds.

Founded in 2002, Brevan Howard launched its flagship global macro strategy in April 2003. Currently, the firm manages over $34 billion in assets. Its primary focus is on discretionary directional and relative value trading across various financial markets, specifically fixed income, FX markets, and equities. In 2022, Brevan Howard expanded its operations by launching BH Digital, a dedicated division for managing crypto and digital asset strategies.

Globally, Brevan Howard employs over 1,000 personnel, including a substantial team of over 400 investment professionals. This extensive global presence strategically positions the firm to identify and source attractive investment opportunities, and to attract and retain top-tier investment management talent worldwide. Brevan Howard has garnered recognition within the industry, winning several awards for its excellence in risk management, operational robustness, and investment performance.

The firm maintains main hubs in key financial centers across the globe, including London, Jersey, Geneva, New York, Austin, Hong Kong, Singapore, Abu Dhabi, and Bengaluru.

Job description

This is an opportunity for a ten-week Summer Internship Program designed to immerse candidates in the world of a leading macro hedge fund.

Overview & Responsibilities:

The program seeks to hire ambitious, enthusiastic candidates possessing strong mathematical and quantitative backgrounds, excellent coding skills, a demonstrated passion for financial markets, and an interest in all facets of Portfolio Management. Interns will work directly with various systematic investment teams, spanning Equities, Macro, Credit, Commodities, Digital Assets, and Execution Trading.

The internship commences with an intensive one-week in-depth training program, specifically designed to prepare interns for their desk roles. This training covers a comprehensive range of topics related to Financial Markets, including Macroeconomics, FX, Digital Assets, Interest Rate Derivatives, Equity Rates, Bonds, Credit and Fixed Income, Trading Strategies, Risk Management, Excel, and Python.

Beyond technical training, interns will benefit from valuable key talks, participate in a structured mentor program, engage in social events, and have opportunities to interact with some of the most respected and talented individuals in their respective fields.

During the program, interns will operate in a fast-paced environment, contributing meaningfully to their Portfolio Management teams on various projects. These projects may involve developing trading strategies, creating trading signals, conducting back testing, developing market-related models, and performing research for trade ideas.

The internship is structured as a two-way process, providing candidates with an invaluable education on the workings of a macro hedge fund and the regulatory environment, while also determining the compatibility between Brevan Howard and the intern. The ultimate goal of the Summer Internship Program is to convert top-performing interns into the 2027 Graduate Programme.

Qualifications & Requirements:

To be considered for this program, candidates must meet the following criteria:

• Education:
• Currently a Ph.D. candidate or a 1st-year Master’s student at a recognized University.
• On track to achieve a minimum of a 2:1 / 3.6 GPA, with the degree completed and awarded before July 2027.
• A Bachelor’s or Master’s degree in Statistics, Data Science, Mathematics, Computer Science, or Engineering is highly preferred.
• Technical Skills:
• Strong mathematical, quantitative, and problem-solving capabilities.
• Demonstrated programming experience in Python.
• Strong technical skills in Excel, VBA, and R.
• Market Interest:
• A demonstrated interest and passion for financial markets, trading, and financial products.
• Work Ethic & Attributes:
• Ability to work both independently and collaboratively as part of a team.
• Possession of an entrepreneurial spirit.
• Strong communication and interpersonal skills.
• Capable of prioritizing, managing, and delivering on multiple projects to investment teams efficiently.
• Outstanding organization skills and strong attention to detail.
• Exemplary professionalism when interacting with internal and external clients.
• Exceptional written and verbal communication skills in English.

Compensation:

For applicants based in New York, the monthly salary for this internship ranges from $12,500 to $16,600. This role may also be eligible for a sign-on bonus, housing stipend, and additional benefits.