BlueBay Asset Management LLP

BlueBay Asset Management LLP

Private Debt Internship Application Form Closing Deadline: 10 April 2016

BlueBay are next generation fixed income specialists. The firm was founded in 2001 in response to new opportunities in the European corporate debt market, and in anticipation of the expansion of emerging market fixed income as an institutional asset class.

Then as now, we aim to offer clients new thinking and fresh opportunities. With our hedge fund heritage and by staying true to our specialist fixed income roots, we pioneer new investment strategies using our broad range of sub‐asset class expertise spanning convertibles, emerging markets, investment grade, leveraged finance and multi-asset credit.

Headquartered in London, with offices in the US, Luxembourg, Switzerland, Ireland, Hong Kong and Japan, we manage over US$57.3 billion (as at 31 December 2015) for institutions and high-net-worth individuals. We invest for our clients across the fixed income spectrum on a global scale, from long‐only portfolios to hedge funds/alternatives. We also blend investment styles and use a range of sophisticated tools in order to exploit all factors of return.

BlueBay Asset Management LLP is wholly owned by Royal Bank of Canada and part of RBC Global Asset Management, the asset management business of RBC Wealth Management. BlueBay Asset Management LLP is authorised and regulated by the Financial Conduct Authority.

BlueBay runs a number of internship programmes ranging from 3 up to 12 months in duration, spent within a single department of the firm and aiming to give the successful candidates a good insight into the workings and responsibilities of a specific area of BlueBay’s business. These internships cross a diverse range of business areas, throughout our global business development, infrastructure and investment teams.

If you have any questions whilst filling out this application form please email *****@***com and we will be happy to help.

Details:
Title:	Private Debt Intern
Location:	77 Grosvenor Street, London, W1K 3JR
Remuneration:	£20,000 per annum
The Private Debt Department:
BlueBay’s Private Debt strategy was initiated in November 2011 as part of the Global Leveraged Finance strategy. Since then the PD team has grown from 3 to 12 individuals. The strategy aims to deliver holistic financing solutions across the entire capital structure to European mid-market companies. This is in response to the financing gap created by the retrenchment of traditional bank lenders, who have been reducing their corporate loan books (in particular loans to small and medium-sized enterprises) in response to stricter capital and liquidity regulation as well as legacy issues following the financial crisis. The first Private Debt Fund, BlueBay Direct Lending Fund I, is €810 million in size and is fully-invested in 21 investments across a diverse range of businesses and sectors throughout Europe. In November 2015, BlueBay held a final close on its second Private Debt Fund, Direct Lending Fund II, at c. €2.8 billion (including co-invest vehicles). This fund is already c. 30% committed as of March 2016; as such the team is in the early stages of fundraising for a third Private Debt fund.
Programme Structure:
·  The Private Debt Internship programme will be 6 months’ long (commencing June 2016), with the potential to extend to 12 months and focus primarily on giving the intern the opportunity to gain an understanding of and be involved in day-to-day investing, marketing, portfolio monitoring and investor relations work. ·  The successful Private Debt intern will have the opportunity to gain an understanding of the department as a whole and be involved in day-to-day projects and tasks as well as observe and learn from BlueBay employees on more sensitive tasks. ·  In addition to on-the-job training and support, interns are invited to attend a one-day Introduction to Asset Management course, comprising an interactive session in the morning with an external training provider, followed by lunch with the CEO and Head of HR, and then afternoon presentations from Partners or Department Heads from across the business. Interns also attend tailored Make the Most of Your Internship at BlueBay sessions throughout their programme, to enhance and develop both their professional and personal skills whilst deepening their understanding of BlueBay. ·  During the internship, structured and detailed performance feedback will be provided to interns.

Main Duties and Responsibilities:

The Intern will work within the Private Debt team, as part of the Global Leveraged Finance strategy. Key responsibilities when working for Private Debt team will include: ·  Supporting the team in the day-to-day job of credit investing (including due diligence, financial analysis, writing investment memoranda and deal execution). ·  Supporting the team in the day-to-day job of portfolio monitoring. ·  Investor relations, including responding to investor due diligence questions / requests and fundraising activities, as appropriate. ·  Preparation of marketing materials. ·  Participating in / observing credit committee meetings. Attention to detail, a strong analytical capacity and effective communication skills are essential for this role.

Personal Skills and Experience:

Essential: ·  Degree educated with at least a 2:1 achieved at year 2 and expected or achieved 2:1 final grade. ·  Final-year university student or recent graduate, with an excellent overall academic profile. ·  Very strong analytical capability, both quantitative and qualitative. ·  Excellent communication skills and a strong capacity and desire to use initiative. ·  Ability to provide examples of a pro-active approach to your personal development. ·  Good proficiency in MS Excel, MS Word and MS PowerPoint. Desirable: ·  Proficiency in a second (European) language

Timelines and Guidance:

·  Please email completed application forms to *****@***com, with a copy of your CV attached, including your A Level (or equivalent) and university results. The closing deadline for applications is 10 April 2016. ·  Shortlisted candidates will be invited for telephone interviews, and, if successful, face-to-face interviews at BlueBay’s London office. ·  Telephone interviews will begin from 18 April 2016. ·  Face-to-face interviews will begin from 2 May 2016. ·  The internship should commence in June 2016.

Personal Details:
Full name:
Contact email:
Contact telephone number:
Details of right to work in the UK (NB visa sponsorship is unfortunately not available):

Knowledge Assessment:

We would like get an insight into your understanding of some of the work the department undertakes, and understand why you’re applying for this internship. Please answer the following questions and provide an explanation for your answer:

What key characteristics do you think makes a company credit-worthy? What are the risks associated with extending a loan to a business? (max 250 words)

What do you think will be the key economic trends globally and in Europe over the next five years? How could this affect BlueBay’s Private Debt business? (max 250 words)

What do you view as the biggest challenges to European Private Debt strategies today? (max 250 words)