Our Internship scheme has been developed for penultimate year undergraduate students, with a keen interest in building a career in asset management and is a perfect way to bridge the gap between University and professional life. Our structured programme offers live projects and social events that will help you understand the work and lifestyle of a full time graduate trainee within our business. We have a number of placements on offer, which will run from June 2019 for 10 weeks. Unlike other traditional internship programmes, the roles on offer will not be rotational. The programme has been designed in this way, to provide you with an intimate experience of the day-to-day operations of the team that you will join. The time will also give you the chance to shine and contribute in your own way.
Our equities team runs a wide range of 1actively and 2passively managed equity funds, investing in stocks issued by corporations. These products use a variety of strategies to target different investment objectives while employing a robust investment process. The equities team is headed up by Peter Rutter who runs our Global Equities Funds and is supported by a team of 24 highly experienced investment professionals with an average of 15 years investment experience. One of our flagship funds is the RL UK Equity Income Fund which has been externally recognised. As an equities intern, as with all our intern roles you can expect to have real accountability. You will assist the team with their daily tasks such as conducting market analysis and valuation exercises, writing reports and presenting your findings, while also learning how we construct portfolios to meet our clients' objectives.
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We are highly regarded in the asset management industry as a strong provider of fixed interest products. Our team is headed up by Jonathan Platt who has been with us for over 30 years and runs our award winning RL Corporate Bond Fund. Jonathan is supported by a team of 31 highly experienced investment professionals. The Credit Research Team is an integral part of our fixed interest team, conducting independent research into the creditworthiness of firms or entities issuing debt. By providing internal ratings on a wider range of investments than those rated by external agencies, they increase the potential to uncover untapped value. The team also works to ensure our clients benefit from ongoing analysis of issuers and the in-depth knowledge and experience of the team. As an intern you will learn from seasoned investment professionals, you will help with daily research tasks and learn how our specialist researchers assess the risk and return characteristics of new and existing investments. There will be opportunities to look at high yield (riskier) debt and to understand some of the differences between investment grade and sub-investment grade bonds and gain knowledge about global government bond markets.
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Our multi asset team manages portfolios across a range of asset classes, including bonds, shares and commodities. Their suite of funds forms a crucial part of our product offering for long-term investors, and their research, market analysis and modelling work are influential across all our investment teams. Their economic modelling tool, the 'Investment Clock', forms the basis of our in-house asset allocation views. You will participate in the team's daily research and analysis, learning about the fundamental concepts of multi asset portfolio construction and the dynamics of economic modelling and forecasting, including the operation and application of the Investment Clock.
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The Operations team is made up of several middle office functions, including fund operations and performance measurement, as well as derivative and investment operations.
The Performance Measurement team provides essential business support through the delivery of accurate and timely performance analysis to external and internal clients.
The Investment and Fund Operations team is responsible for ensuring the delivery of daily reporting requirements to the front office. You will be able to experience how the teams: monitor overdrafts, prohibit stock on ThinkFolio so the front office cannot trade if they have come into contact with classified information, report on income projects, give commentary on large security movements and set up new broker and call accounts.
The Operations team are also responsible for the effective management of RLAM's outsourced back office administration relationships with HSBC, IFDS and State Street. Investment Support focuses on ensuring the service provided by HSBC remains in line with contractual service level agreements and that any issues the business has with HSBC are dealt with efficiently. The team will also interact with State Street regarding the fund accounting of RLAM offshore funds.
The Distribution team is made up of several teams, which will give you the opportunity to experience all elements of Sales and Marketing mix as the Distribution Intern. The teams are Sales (Wholesale3 and Institutional4), Client Services, Marketing and Proposition (product and research).
The Distribution team at RLAM are responsible for promoting the asset management company to potential and existing clients, as well as maintaining our reputation in the market and being technically competent in our fund range. We also test with our clients potential new product ideas to see how they are understood and ultimately should we launch this product. We are responsible for the entire client engagement with RLAM and will work closely with the fund managers to ensure we deliver the appropriate message aligned with the client needs.
You will be able to experience how the product development team launch new products, analyse competitors, and acquire a good knowledge of our product range, as well as how we use customer feedback to shape the products we launch. You will work with the sales team, on the different stages of the sales process - from identifying a prospective client to supporting the sales pitch as well as working with the client relationship team to provide support once a client is on boarded. You will be able to get involved in scoping a campaign for external promotion, write a tweet for our twitter account, update our website or write a market commentary piece for use in reporting.
1 Active investing refers to a portfolio management strategy where the manager makes specific investments with the goal of outperforming an investment benchmark index.
2 Passive investing refers to a strategy in which a manager invests in accordance with a pre-determined strategy that doesn't entail any forecasting.
3 Wholesale describes clients that are accessed via wealth managers, family offices multi managers, Independent financial advisers as well as other intermediaries.
4 Institutional describes our client base that includes pension schemes, insurance companies, charities, universities, banks and building societies as well as local authorities and corporations.