During the course of the two-year program, the Kenneth Woods Research Associates and Fund Managers are provided internships in various areas of the financial industry. For example, prior internships have been in public equities, private equity, investment banking, infrastructure, fixed income and trading.
Students also have the opportunity to explore other cities while taking their internships, including New York, Toronto, Calgary and Victoria. The variety of internships allows students to explore different facets of the investment industry and helps them manage the fund in a more professional manner.
We thank the companies listed below for their continued support offering our students invaluable internships.
Class of 2020 internships
Over the past year, the Class of 2020 had the opportunity to gain real-world experience through the many internships they completed on both the buy-side and sell-side. The internships took place across a wide variety of fields while the remote working environment imposed by the pandemic presented a unique challenge. Nevertheless, the entire internship experience provided invaluable lessons that the entire cohort will carry throughout their careers.
Amrit joined National Bank Financial’s investment banking team where he had the opportunity to work on several pitches as well as on a significant deal regarding the merger between a leading electric vehicle company based in Quebec and a Special Purpose Acquisition Company.
Coincidentally, James happened to be working with Amrit on the same mandate at BMO. James also had the opportunity to work on the buy-side with PSP’s Direct Private Equity team during the winter term. He learned about the traditional private equity process, having participated in a co-invest deal for the largest private pay education institution in Europe, as well as less traditional avenues such as equity syndication. This included closing a syndicated deal on one of the world’s major cybersecurity players concerning endpoint protection for small and medium businesses. Although the pandemic has had many negative impacts, it also provided the opportunity for James to see the asset management side of Private Equity, having participated in a COVID-19 economic downturn analysis on PSP’s portfolio companies that included stress-testing revenues, performing a liquidity analysis and updating year-end valuations.
From working on an equity issuance transaction to analyzing and pitching a merger between two industry-leading companies, Quilan improved his understanding on the operations of corporations and capital markets. Moreover, he discovered a new field with his rotation in the credit capital markets team during his internship with National Bank Financial.
We were very fortunate to have the opportunity to work with one of the leading investment banking teams in Montreal. The internship taught us skills and lessons through deal experience which we will certainly draw on throughout our careers.
During his summer with CPP Investments, Jack joined the Thematic Investing group and had the opportunity to conduct in-depth research and analysis on the cloud software and human capital management industries. This is where he learned about key players and their competitive dynamics. He also gained exposure to CPP’s thematic investment process that seeks to capitalize on long-term structural trends through global investments in both public and private companies.
My internship with CPP and the Thematic group not only provided a great overall learning experience but also offered many opportunities to build connections within the firm that helped overcome some of the challenges of working remotely. I was extremely fortunate to work alongside such a large and well-respected global investor like CPP.
Over the past summer, Joshua joined Fiera Comox Partners within their Agriculture, Private Equity and Private Credit teams, where he had the opportunity to conduct industry research on several agricultural commodities and was able to help conduct pre-transaction due diligence in various investments in the U.S., Europe, Latin America and Australia. Furthermore, he had the opportunity to work on a private equity transaction within the healthcare sector and a private credit investment for one of the largest insurance intermediaries in Europe.
My experience at Fiera Comox provided me the opportunity to gain valuable deal experience in several sectors by working with their three investment strategies. I definitely gained a lot of knowledge by working alongside a great team of investment professionals. I look forward to joining the team upon graduation.
Class of 2021 internships
Throughout the year, the Class of 2021 cohort had various opportunities to gain exposure to different areas of the financial industry. Despite the challenges of the current environment, all members of the program managed to gain hands-on experience, ranging from private equity to mergers and acquisitions and the public markets.
Over the summer, Darragh Kavanagh worked alongside the team at Formula Growth, a Montreal-based hedge fund established over 60 years ago. He worked under the direct supervision of a Calvin C. Potter fellow, Cameron Fortin, focusing mainly on companies in the technology sector. He had the chance to participate in numerous conferences held by the largest banks and was part of multiple initial public offerings.
During the fall term, Adnan M’Kamel worked in the Global Equities team at Jarislowsky Fraser, one of the largest and most successful investment management firms in Canada. He worked alongside a Senior Analyst and focused mainly on Japanese and Australian equities within the healthcare sector. Adnan had the opportunity to produce financial models, research potential investments, and participate in numerous management meetings of blue-chip companies.
Stefan Georgescu worked at BDG & Partners, a Montreal-based private equity fund. He worked under the direct supervision of the investment team focusing on companies in the manufacturing and distribution sectors.
Ali Etwijiri worked as an investment analyst at the Montreal-based hedge fund Galliant Advisors. His work supporting the portfolio managers involved monitoring current holdings, screening for new names and pitching investment ideas.
Ami Zunenshine worked under Calvin C. Potter Fellow, Vishal Patel at 1832 Asset Management on their growth equities team. He worked on a research project that involved identifying demographic trends and their future impacts on the 24 industry groups. He then presented his findings in both a 100-page report and presentation to the investment team.
Thierry Matin worked under Matthew Watson at British Columbia Investment on their U.S. small cap equities team. He conducted research on several companies for screening purposes and participated in a number of pre-investment committee report reviews. He also developed a research report following a deep dive and presented his equity research to the investment committee.
As a collective group, the Research Associates gained valuable insights and experience from their internships. This experience will serve them greatly in the coming year as they begin to manage the program’s portfolio as Fund Managers.