(This position is the same as the full-time Credit Analyst position only on a part-time basis. It is geared toward MBA students and other individuals who have unique schedules.)

The Analyst will work directly with the Portfolio Managers to research specific high yield companies for the purpose of generating long, short or long/short investment positions. The Analyst will either be focused on a particular industry or will be a "generalist", i.e. will not have a specific industry sector focus but rather will be available to research companies across the entire spectrum of industries, depending on the current investment themes of the Portfolio Managers. The investments will be in all parts of the capital structure, but will be focused on debt securities (i.e., bank debt and bonds) and on credit derivatives that are tied to those debt securities.

The ideal candidate will have at least an intermediate knowledge of accounting, proficiency at financial modeling with Excel, experience reading SEC filings, some experience reading bank credit agreements and bond indentures (and analyzing the covenants of those agreements). The ideal candidate will also possess excellent thinking, reading and writing skills. Some credit analysis work experience is a definite positive, but is not absolutely necessary. Some buy-side experience is also a positive, but is also not necessary.

It is expected that the Analyst will be working with the Portfolio Managers throughout the research process. However, the longer term objective will be to advance the Analyst to a Senior Analyst position, i.e. to the point where he or she can run with an idea from start to finish, presenting a written and oral investment recommendation at the end of the research process.

Candidates should submit a resume and, if available, a writing sample in which the Candidate makes an investment recommendation (not necessarily a high yield company).