Equity Research Analyst - Semiconductors (m/f/d)

Your Role & How we work

• Coverage & research. Run bottom-up fundamental research on semiconductor companies worldwide: chipmakers, equipment, materials, memory, and the hardware stack around them.
• Idea generation. Own news and data monitoring across your sectors, surfacing and defending alpha opportunities before consensus.
• Financial modeling. Decompose business models from first principles (Volume x Price x Mix x Margin) and build models tailored to each sub-sector's economics.
• Data & tools. Make our 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.
• Portfolio contribution. Cultivate relationships with sector experts and management teams, and convert conviction into sized positions in the book.

The experience you bring

• You understand the semiconductor industry at both a technical and a business level; adjacent coverage of batteries or consumer devices is a plus.
• You have 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).
• You have a track record of differentiated investment writing: a contrarian view you sized and defended under pushback, ideally a thesis you can point to.
• You are comfortable with alternative datasets and basic data tools (Python or SQL); fluency with semiconductor cycles or Asian and Chinese names is a bonus.
• You hold a strong academic record in a technical field such as Engineering, Computer Science, Physics, or Mathematics.

2 reasons why you should not apply

• You prefer a steady, deliberate pace. We move fast: daily idea flow, weekly thesis check-ins, and deep dives when the data moves. You will form and revise views quickly.
• You like to wait for full consensus before acting. We size positions on conviction and meaningful insight, not crowd validation.

Your mindset

• You are passionate about technology, public-market investing, and the businesses behind the chips.
• You operate by first principles: you decompose a thesis into its drivers, rebuild it from observable inputs, and treat being proven wrong by data as learning, not defeat.
• You are an "AI Native" who makes AI and quantitative tools standard infrastructure in your research.
• You are self-driven and entrepreneurial, in it for the long term, where logical argument outweighs hierarchy.

What we offer

• Become part of a unique success story in European asset management, on one of the most consequential investment themes of the next decade.
• Work with terabytes of data, cutting-edge research tools, and proprietary alternative data you will not find at traditional asset managers.
• A motivated, highly international team (15 nationalities) with flat hierarchies and direct access to our management team and investors.
• Day 1 ownership of challenging, varied work, a steep learning curve, and a transparent, appreciative feedback culture.
• Competitive compensation with a meaningful variable component tied to fund performance, plus relocation and visa support if needed.