Fixed Income Intern

About the Role

The Fixed Income investment team at Barossa Capital develops and evaluates investment strategies across global rates and credit markets. The research process focuses on how economic growth, inflation, monetary policy, credit conditions, and market expectations influence interest rates, yield curves, spreads, and fixed income valuations.

The Investment Analyst Intern will work within the investment process, supporting research and portfolio analysis while gaining practical experience evaluating fixed income markets and investment ideas. This internship is designed for undergraduate students interested in fixed income, credit, rates, trading, and financial markets.

Key Responsibilities

• Investment Research & Idea Generation:
• Conduct research across fixed income markets.
• Analyze interest rates, yield curves, credit spreads, issuer fundamentals, and market developments.
• Contribute to the development of investment ideas.
• Trading & Portfolio Analysis:
• Evaluate potential trade structures and relative-value opportunities.
• Monitor positions and market developments.
• Support analysis related to portfolio positioning, duration, hedging, and risk.
• Investment Risk & Review:
• Evaluate catalysts, downside scenarios, interest-rate and credit risk, and changing market conditions.
• Assist with performance attribution and post-investment reviews.
• Perform research related to central-bank policy, interest rates, yield curves, sovereign and corporate bonds, credit spreads, issuer fundamentals, valuation, relative value, and portfolio risk.
• Develop investment theses that articulate the fundamental view, market expectations, valuation, catalyst, potential trade expression, expected return, downside risk, time horizon, and conditions that would invalidate the thesis.
• Maintain fixed income and market models.
• Monitor portfolio exposures.
• Analyze performance attribution.
• Develop quantitative research tools.
• Prepare research materials.
• Present investment recommendations.

Requirements & Tech Stack

• Ability to operate independently in a fully remote environment while collaborating effectively with the broader investment team.
• Familiarity with Excel.
• Experience with Python, SQL, Bloomberg, FactSet, or similar tools is a plus but not required.

Qualifications

• Currently pursuing a bachelor’s degree with strong academic performance and a demonstrated record of achievement.
• Demonstrated interest in fixed income, credit, interest rates, investing, trading, or financial markets.
• Coursework in finance, economics, accounting, mathematics, statistics, computer science, or a related discipline is preferred but not required.
• Intellectual curiosity, independent judgment, and strong analytical and problem-solving skills.
• Familiarity with concepts such as bond pricing, yield, duration, yield curves, or credit spreads is a plus but not required.
• Prior investment management or trading experience is not required.
• High degree of integrity, attention to detail, intellectual humility, and willingness to learn.