Marsh McLennan
Alternatives Investment Analyst

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Alternatives Investment Analyst
Investment Alternatives Analyst
Company: Mercer
Description:
We are currently recruiting for an Investment Alternatives Analyst to join Mercer’s Investment Alternatives, Hedge Fund Team. This is available on a hybrid basis, offering home working for up to 2 days, with the other 3 days based in our office in London.
This role combines manager research, portfolio analytics and client reporting across Mercer’s alternatives business. You will work closely with the European Hedge Fund team, supporting the research, monitoring and management of a broad range of hedge fund investment strategies and discretionary portfolios. The role offers exposure to Mercer’s flagship alternatives solutions as well as bespoke client mandates, and close collaboration with investment colleagues across research, portfolio management and client teams.
The ideal candidate for this role would be someone from either an Investment, Alternatives, Financial or Risk Analytics background.
What can you expect?
- A hybrid working model that supports collaboration in the office alongside flexibility to work remotely.
- The opportunity to join a growing Alternatives business and build expertise across both manager research and portfolio management.
- Excellent on-the-job training, coaching and the opportunity to learn from a range of experienced investment professionals and industry leaders.
We will rely on you to:
- Help research a broad range of alternative investment strategies, with a focus on the European market, including liquid alternatives, UCITS and offshore hedge fund strategies. This will include coverage of a broad range of strategies investing across asset classes and using different styles.
- Support the management of discretionary alternatives portfolios, including manager monitoring, portfolio construction support and cashflow management.
- Conduct performance measurement and risk analysis across Mercer alternatives portfolios and underlying managers.
- Prepare clear, high-quality written research and portfolio materials, including:
- high-level reviews of investment strategies
- qualitative and quantitative analysis of managers’ investment processes, competitive edge and performance
- timely portfolio and manager performance updates, including portfolio data, investment updates and performance commentary
- commentary on market developments and business changes
- Contribute to team initiatives, investment themes and continuous improvement of research and portfolio processes.
- Work closely with colleagues across manager research, portfolio management and client teams to support strong investment outcomes and high-quality client service.
- Support broader client, sales and marketing activity where required.
- Represent a large global organisation that is incredibly passionate about how it works and cares for their clients across the world.
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
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Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
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Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
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What you need to have:
- A strong academic record, ideally educated to degree level or with equivalent relevant business experience.
- Experience within, or strong exposure to, an investment environment.
- Strong numerical, analytical and problem-solving skills, with close attention to detail.
- Confidence working with data, performance analysis and quantitative information.
- Strong organisational skills and the ability to manage priorities and deadlines effectively.
- High proficiency in the use of AI tools, Excel and good working knowledge of other Microsoft Office applications.
- Strong communication skills, with the ability to present clearly and work effectively as part of a team.
- A proactive, self-starting approach and a genuine eagerness to learn.
- Commercial awareness and a strong interest in investments and alternatives.
What makes you stand out:
- Experience or understanding of asset management, alternatives, manager research, investment consulting or portfolio analytics.
- Experience of investment writing, such as manager reviews, market commentary or client reporting.
- Progress towards the CFA or another relevant professional qualification.
- Experience working across both qualitative research and quantitative portfolio analysis.


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Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.
Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@marsh.com.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
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