Q offers an investment career progression that involves the following positions: Portfolio Analyst, Portfolio Manager and Internal Fund Manager.


    Level 1 - Portfolio Analyst
      Role normally for 2+ years, unless coming in with many years of DIRECT experience. Allows for opportunities to be involved in all investments that Q is actively pursuing or looking to pursue.

    Position Description

    Requires highly motivated, detail focused individuals. This position involves working within the credit team to develop and evaluate new investment ideas and follow our existing investments. This position is extremely dynamic and will expose individuals to investments all across a company’s capital structure, from bank debt to equity. Individuals will also learn a great deal regarding the workings of the economy, and how that can affect various investment decisions. The position will give individuals the opportunity to work on restructuring and private equity transactions and learn about all aspects of running a business through active management of our portfolio companies. Individuals in this position will also provide general support to the credit team and the firm as a whole. This position provides the opportunity to learn from and work with some of the best and brightest investment professionals. Candidates must have strong analytical and communication skills and must be proficient in Excel. Additionally, they must be able to think quickly and be willing to learn. Candidates are brought into an environment in which they will learn a great deal about hedge fund and private equity investing. They will work in an exciting, fast-paced environment, in which duties can change on a daily basis.

    Specific Duties:

    • Evaluating new deals, could be buying into anything from bank debt to equity to taking a company private
    • Following existing companies in portfolio: providing updates for recent news, earnings, financial conditions, updating and maintaining spreads and other models associated with Q’s companies and particular positions
    • Financial/Operational/Personnel related work regarding Q’s portfolio companies
    • Reviewing documents - could be anything from a plan of reorganization to a prospectus to articles of incorporation and bylaws of a company
    • Building new models that can be used for general purposes or for a particular investment scenario
    • Supporting credit team
    • Working with many outside parties (lawyers, consultants, management teams of portfolio companies) to aid in analysis of a particular investment or issue at a portfolio company
    • Keeping up to date with market news and data in order to understand trends occurring in the economy and how that might affect Q’s investments or prospective investments
    • Keeping track of swap spreads
    • Tracking bank debt new issues
    • Reading business magazines and sending out periodical articles that are relevant to Q’s investments


    Level 2 - Portfolio Manager and Lead Turnaround Specialist
      Usually assigned as board member or director to turn around a company that Q has acquired. This involves finding and working with new management to execute the turnaround.
      Examples:

      A. Two Portfolio Managers sit on the board and are leading a turnaround at an $800 million dollar auto-parts company.

      B. Two Portfolio Managers sit on the board and are leading a turnaround of a $1 billion dollar revenue grocery chain.

      C. Q infused capital into an interactive toy company and has a controlling interest in the company with three Portfolio Managers serving as board members.

    Specific Duties:

    • Performing due diligence on Private Equity deals
    • Assisting in the management of portfolio companies, in some cases placed on the board
    • Focusing on personnel selection and financial review of ongoing results for the various portfolio companies
    • Performing investment analysis on distressed debt securities to identify opportunities in the public markets to acquire distressed assets
    • Recommending buy, sell and risk decisions for all investments made by Q
    • Focusing with lawyers on legal analysis of corporate structures and indentures review of public filings, predominantly 10-K's and 10-Q's
    • Analyzing special situations


    Level 3 - Internal Fund Manager
      Manger will be allocated money to run his or her own fund. Once a Q member has the desire and has proven themselves to be ready to run their own fund, Q will allocate and assist in making this happen.

      Examples:

      A. A Q veteran is now running his own $100 million fund in India.

      B. An analyst with Q went on to become the CEO of Handango, a world leading PDA software business, previously owned by Q.

      C. Q Aviation, a leasing business with $200 million of Q capital and over $1.1 billion invested, was started by a Q employee. Q Aviation was at one point the world’s 16th largest aviation leasing company.

    Advantages of learning and being employed at Q:

      • Totally flexible capital. You can buy a business, start a business, buy distressed debt, or buy equity. Anything…anywhere
      • Ability to invest at any point of a capital structure
      • Experience in all businesses and investment strategies because of the team approach at Q
      • Long term investing opportunity because of the five year lock up with investors
      • Multiple Strategies: Private Equity, Venture Capital, Distressed Equities and Debt and various arbitrage opportunities, such as Convertible Arbitrage
      • Domestic investing
      • Foreign markets investing: India and China
      • Q partners are economic animals that will pay what it takes for people that help Q make money
      • Firm’s partners own a large percentage of the capital, so it’s their money you are investing.