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.
The 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 the students to explore different facets of the investment industry and helps them in managing the fund in a more professional manner. We thank the companies listed below for their continued support for offering our students invaluable internships.
Over the past year, the class of 2020 had the opportunity to gain real-world experience through the many internships they completed across Canada and in various areas of the capital markets.
During their summer with the British Columbia Investment Management Corporation in Victoria, Jack and Amrit were onboarded with a thorough bootcamp program and had the opportunity to present comprehensive equity research reports to investment committees.
Jack joined the U.S. Small Cap team and conducted a deep dive into the U.S. trucking industry where he learned more about key players and their competitive dynamics. Later in the summer, his experience analyzing specific healthcare companies helped spark his interest in covering the sector as a fund manager.
Amrit joined the Global Thematic team where he had the opportunity to conduct both top-down and bottom-up analysis. He covered the Digital Transition theme, focusing on technology enablers.
Their experiences at BCI taught them a great deal and helped them develop stronger financial modelling skills and a more thorough instinct for fundamental analysis.
“We were extremely fortunate to work with BCI and its public market teams this past summer. The internship presented us with a welcome challenge and taught us skills and lessons that we will carry throughout our careers.”
— Amrit Kabo and Jack David
Others had the opportunity to work in Private Equity, participating in live transactions and conducting in-depth research and analysis on various industries and companies.
James and Quilan spent the summer at BDG & Partners, one of the fastest-growing Private Equity firms in the country. They paired with the management team of the portfolio company to work on various strategic and value-add initiatives. This gave them the chance to gain insights into the decision-making process of executives and better understand the level of research required to lead a company successfully. Both had the opportunity to participate in a leveraged buyout transaction and learn how the multiple phases of a transaction are conducted. Overall, the experience enhanced both execution and critical thinking skills that are imperative to success.
“My summer at BDG taught me a lot more than financial analysis and industry research. I learned that behind every successful transaction lays a successful relationship.”
— Quilan Foster
Finally, Joshua spent his summer at Wood Mackenzie in their Calgary office, working with the Research and Consulting team covering Canadian Upstream Oil. He focused on a mandate analyzing the impact of tax markers for energy and petroleum companies across various provinces, and conducted an in-depth completion and economics analysis of the Montney play, which was later published by Wood Mac.
“I was very fortunate to have had the opportunity to work with a team of leading industry professionals in the energy space and be trusted with mandates that had an impact on various stakeholders. My experience taught me a lot about the technical aspect of the oil and gas sector, and I was able to learn from the biggest names in the industry”
— Joshua Nagalingam
These quality experiences helped the students develop stronger investment instincts, as well as provided a better understanding of the real-life day-to-day of portfolio management. As fund managers, they will leverage their skills to help better manage the fund.