We are a team of gifted, independent-minded analysts who enjoy the freedom of an unconstrained environment. We are looking for unconventional thinkers either from the buy-side or sell-side who are driven by the opportunity to generate alpha and love writing bold, honest research.


We recruit “second-level” thinkers – those capable of delivering insights that have been missed by others. We strive to understand the stock better than anyone else and set the “gold standard” for the market. You must be skilled at delivering a clear, actionable thesis that is substantiated by in-depth research and a rigorous model.



An independent mindset is key to our success. Our analysts have full autonomy to seek out the best opportunities in the market, wherever they may be. We produce brutally honest research – both on the long and short side – and we dig deeper than anybody else. Our research is the antithesis of the compromised, superficial “maintenance research” commonly produced by the sell-side.



We work relentlessly to uncover opportunities that have been overlooked by the market. This requires a singular focus in hunting out anomalies and applying analysis in a rigorous and systematic way. Every piece of research is subjected to robust challenge from the investment committee to ensure the analysis is sound and backed by hard evidence.


Your recognition, advancement and compensation is intrinsically linked to the value you deliver. We collect two key pieces of data on every analyst – the performance of stock ratings and the quality of research (as judged by the entire network of clients). These two factors alone determine your salary band after your first 12 months. This performance data is also visible to clients, who use it to help inform their view of your credibility.

Members of

L39 Startup bootcamp Digital leaders Fintech