Associate, Equities - Healthcare

We are recruiting for an Associate to join our Securities Selection team in our Active Equities department.  The successful candidate will be joining a domain team which focuses on companies within the Global Healthcare sector (ex-Biopharma). Reporting to the Managing Director, Active Equities, the Associate is responsible for conducting sector focused, deep bottom-up fundamental research primarily on investment ideas and current portfolio holdings. The position is based in Toronto.

The Active Equities (“AE”) department invests in large-cap public and pre-IPO equities in North America, Europe, Asia and LATAM. The strategy employs bottom-up and deep fundamental research insights to create a concentrated market-neutral portfolio of high conviction long and short investments.  The Security Selection team has a global structure with the focus of generating differentiated long and short insights by leveraging specific domain level expertise.

Accountabilities:

• Work directly with investment professionals on the Global Healthcare domain team to evaluate potential long and short public and pre-IPO investment opportunities across the various healthcare related subsectors
• With guidance, execute investment research leveraging domain expertise and deep fundamental research insights within the global healthcare sector
• Participate in meetings with company management teams, industry experts and attend industry and broker conferences as part of the research process, with travel where necessary
• Build and maintain company financial models and perform valuation analysis, including DCF and comparable company analyses; apply statistical analysis to support investment decisions
• With guidance, prepare analytical investment reviews and recommendations in collaboration with the team, including industry overviews, written investment memos and due diligence reviews
• Research, analyze and monitor macro level industry trends and fundamental performance of existing portfolio holdings
• Increasingly incorporate research insights by leveraging alternative data sets