European L/S Analyst

Austen Partners; Slough; On-site; GBP 90,000 - 130,000; Full time

Job summary

Austen Partners is seeking a European Long/Short Equity Analyst to join its investment team in the UK. You will be responsible for generating differentiated ideas across European equities, with a generalist approach and sector tilts, contributing to a disciplined long/short portfolio.

You will conduct deep fundamental research, build theses around earnings, valuations and competitive dynamics, and work closely with portfolio managers to construct high-conviction positions.

Qualifications

• 5+ years of relevant investment experience in long/short European equity or similar.
• Demonstrable long/short investing experience with actionable ideas.
• Strong financial modelling and valuation capabilities.

Responsibilities

• Originating and developing long and short investment ideas (3–4 per month).
• Conducting deep fundamental research across European equities.
• Engaging with management and industry participants to develop insights.
• Monitoring 10–15 positions and communicating theses clearly to PMs and team.

Skills

Investment research

Financial modelling

Valuation skills

Communication skills

Independent thinker

Job description

European Long/Short Equity Analyst

The Firm

We are working with a highly regarded single-manager hedge fund with a 15+ year track record and $1bn+ AUM. The firm has a strong reputation for deep fundamental research, and a medium-term investment horizon.

The strategy is not market neutral or short-term trading focused. The team seeks to identify meaningful mispricings where market expectations differ from the likely direction or rate of change in a company's fundamentals.

The portfolio combines a quality bias on the long side with alpha shorts, including both cyclical and structural opportunities.

The Role

The fund is looking to hire an experienced European Long/Short Equity Analyst to join its investment team.

The successful candidate will be a fundamental investor with a strong track record of generating differentiated ideas across European equities. The team operates with a generalist approach, while allowing analysts to develop sector tilts.

Responsibilities will include originating and developing long and short ideas (~3-4 per month), conducting deep fundamental research and working closely with the portfolio managers to build high-conviction positions.

Key Responsibilities

• Research European companies across sectors and market capitalisations - $1bn+ MC.
• Identify where consensus expectations are misaligned with the direction or rate of change in fundamentals.
• Build detailed investment theses covering earnings, cash flows, competitive positioning, management, industry dynamics and valuation.
• Assess what is already priced into a stock and where market expectations may be wrong.
• Engage with management, industry participants and other sources to develop differentiated insights.
• Monitor 10-15 positions and communicate investment theses clearly to the portfolio manager and wider team.

Candidate Profile

• 5+ years of relevant investment experience, ideally in long/short European equity or a similar environment.
• Demonstrable long/short investing experience, ideally including the generation of actionable short ideas.
• Strong financial modelling and valuation skills.
• Intellectual curiosity and the ability to understand businesses and industries deeply.
• Strong communication skills and the ability to articulate investment ideas clearly.
• A medium-term investment mindset, rather than a focus on quarterly earnings or short-term catalysts.