Embedded Quantitative Analyst, Fundamental Research

Title: Embedded Quantitative Analyst, Fundamental Research

  • Employer: Fidelity Investments
  • Location: Boston, MA
  • Job Description:

    Fidelity Investments is one of the world’s largest providers of financial services. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com.

    The Department
    With more than $475 billion in assets under management as of September 30th, 2013, Fidelity’s Global Asset Allocation division (GAA) is a leading provider of asset allocation solutions for retail and institutional clients. The range of investment solutions includes target date investing funds, active allocation strategies, managed accounts, financial planning frameworks and custom solutions.
    Quantitative Research
    GAA’s Quantitative Research group partners with the GAA investment teams to deliver superior risk-adjusted performance for the wide range of investment solutions delivered by GAA. Members of the quantitative research group either work directly within investment teams or in the central quantitative research group.

    Fundamental Research
    GAA’s Fundamental Research team consists of 25 Analysts and Associates in Boston, MA and 9 Research Associates and Specialists in Bangalore, India. To Support GAA Investment solutions, the Fundamental Research team monitors over 1,650 Fidelity and non-Fidelity funds and actively covers over 800 funds across US Equity, International Equity, Fixed Income and Alternatives. The Fundamental Research team also provides research on investment disciplines and asset classes.

    The Position
    The quantitative analyst is part of the quantitative research groups and conducts quantitative research as an embedded partner within the fundamental equity research team. He/She contributes to the research teams’ success through thorough analysis and resulting recommendations that are based on quantitative analysis.

    Main objectives for the quantitative analyst include working with the fundamental equity research team leaders on relevant research projects that require robust quantitative analysis, supporting manager analysis and tactical asset allocation and discipline recommendations. Furthermore the quantitative analyst will be the main link between the central quantitative equity research group and the fundamental research team to leverage the quantitative research environment as well as research innovations.

    Successful candidates are experienced quantitative analysts with strong technical and analytical skills who can translate fundamental research requirements into quantitative projects and present the results in an investment relevant and intuitive way.

    Reporting to the leader of GAA’s quantitative equity research team, the quantitative analyst will work at the company’s headquarters in Boston, Massachusetts.

    Work under the guidance of the fundamental research team leaders to provide manager and discipline research to all GAA portfolio management teams. Examples of such initiatives may include:

    • Understanding the historical and predictive efficacy of key elements of a manager’s investment process.
    • Separating historical manager alpha from style of asset-class beta and setting future performance expectations.
    • The role of Investment disciplines over the business cycle and in different market environments.
    • The impact of raising interest rates on different segments of the equity markets
    • The timing of active vs passive strategies, e.g., are their times where active is more favorable? Are their segments in the market where certain investment strategies are more promising?

    • 3 to 5 years related experience in quantitative financial research
    • Masters in relevant field (Finance, Engineering, Mathematics)
    • CFA preferred
    • Rich and varied experience in financial markets with direct work experience with fundamental analysts or portfolio managers preferred.

    • Strong ability to think critically
    • Proven record in analyzing equity strategies
    • Strong communication and writing skills, in particular in regards to translating quantitative analysis into relevant and applicable investment solutions
    • Knowledge of equity investment disciplines, portfolio construction, risk management and quantitative disciplines
    • Knowledge of performance and risk attribution for equity portfolios
    • Proficient in the use of financial tools like FactSet, Stylus, Barra, Style Research, or Capital IQ and advanced programming skills (preferably SQL and R)

    The following values are considered to be fundamental to the way in which our company and the investment team operates:
    • Accountability
    • Enthusiasm
    • Integrity
    • Out-of-the-box thinking
    • Teamwork
    • Respect

  • Contact Details: Allison Wilson, Allison.Wilson@fmr.com
  • Other Info:

    Candidates can send Allison their resumes to her email. Thank you!

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