Event Driven Hedge Fund Associate

About the role

Neuberger Berman's Principal Strategies Group (PSG) is a $3.5 billion alternative investment platform managing strategies across public and private markets, including a market neutral event-driven hedge fund strategy. It is seeking an investment professional to focus on this market neutral event-driven strategy, taking an active part in evaluating and executing public market equity opportunities across sectors.

Key responsibilities

• Analyze and conduct comprehensive due diligence on public market equity opportunities
• Perform in-depth financial analysis of companies and industries
• Build and maintain complex financial models, including DCF, LBO and comparable company analyses
• Monitor portfolio positions through company developments, earnings releases, news flow and macro/sector trends
• Analyze corporate events such as M&A, spin-offs, restructurings and activist situations to identify alpha-generating opportunities
• Prepare investment memos and present recommendations to the portfolio management team
• Track sell-side research, industry reports and alternative data to build differentiated investment theses
• Engage with company management, industry experts and sell-side analysts for qualitative and quantitative insights
• Support risk management through position sizing, scenario modeling and stress testing
• Work with trading, risk and operations teams and support fund marketing and client requests
• Carry out ad hoc special projects

Required profile

• Excellent academic credentials (undergraduate school and GPA)
• 2 years of top-tier investment banking program experience
• 2 years of hedge fund (preferred) or equity buyside experience
• Ranked near the top of the investment banking class with exceptional quantitative skills
• Strong judgment, critical thinking and written skills, with the ability to present ideas orally and in writing
• Initiative, creativity, attention to detail, teamwork and willingness to handle multiple projects
• Authorized to work in the country where the role is located without sponsorship

Required skills

• Detailed financial modeling (DCF, LBO, comparables)
• Proficiency with Excel and PowerPoint
• Ability to integrate AI tools into research and investment

What we offer

• Salary range of $125,000-$175,000 in New York and Illinois, with possible discretionary bonus
• Paid time off, medical/dental/vision insurance, retirement, life insurance and other benefits
• Hybrid work arrangement