Equity Research Analyst - Semiconductors

As Equity Research Analyst - Semiconductors, you own coverage of the hardware backbone of the AI buildout across semiconductor companies worldwide. You contribute original theses to a concentrated, high-conviction portfolio and work autonomously from Day 1, reporting to the Portfolio Manager and Director of Research.

What you'll do

• Run bottom-up fundamental research on semiconductor companies worldwide: chipmakers, equipment, materials, memory, and the hardware stack around them.
• Own news and data monitoring across your sectors, surfacing and defending alpha opportunities before consensus.
• Decompose business models from first principles (Volume x Price x Mix x Margin) and build models tailored to each sub-sector's economics.
• Make alternative data, AI, and quantitative capabilities integral to your research: know when a signal is real, when it is noise, and how it ties back to the P&L.
• Cultivate relationships with sector experts and management teams, and convert conviction into sized positions in the book.

What you'll need

• You understand the semiconductor industry at both a technical and a business level; adjacent coverage of batteries or consumer devices is a plus.
• 2+ years researching investments in the semiconductors sector, on the buy-side or in a research-heavy environment (equity research, private equity, or investment banking).
• A track record of differentiated investment writing: a contrarian view you sized and defended under pushback.
• Comfortable with alternative datasets and basic data tools (Python or SQL); fluency with semiconductor cycles or Asian and Chinese names is a bonus.
• Strong academic record in a technical field such as Engineering, Computer Science, Physics, or Mathematics.

What they offer

• Work with terabytes of data, cutting-edge research tools, and proprietary alternative data.
• Motivated, highly international team (15 nationalities) with flat hierarchies and direct access to management.
• Day 1 ownership of challenging, varied work with a steep learning curve.
• Competitive compensation with a meaningful variable component tied to fund performance.
• Relocation and visa support if needed.