Investment Management Uncovered!

15 October 2015

John StavisPortfolio Management Academy Leader

www.fidelityrecruitment.com

About me

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My backgroundJoined as an MBA hire in 19957 years in emerging markets, 3 years managing Europe ME and Africa portion of the global fund1 year as Anthony Bolton’s assistant on UK Special Situations7 years managing UK funds2 years as shorting analyst4 years managing the Portfolio Manager training programme

We have the opportunity to invest in equities, bonds, funds and property companies globally on behalf of our clients including corporations, governments, charities, advisors,

financial institutions and individuals

Why did I choose Investment Management?A good combination of individual and team workA very wide range of skills appliedApplicability across a range of careersI was always fascinated how things work

So what is Investment Management About?

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Investing clients’ money today in the hope of future returns

We take a fee for this service, but the client bears the risk and reaps the rewards.The business model is very transparent and there’s little scope for conflicts of interest

Mostly to close future

liabilities like:

Retirement

Education

Investment management comes in a variety of flavours

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Mutual Funds – private individuals, either 1) direct, or 2) indirect/wholesale

Insurance Companies – private individuals who have bought an insurance product with an investment element – e.g. ‘life insurance’

Pension Funds – company workers, looked after by professional trustees

Hedge Funds – High net worth individuals

The best things about this job

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Even the best people are wrong 45% of the time!

You will meet outstanding individuals along the way: I sat next to Nelson Mandela at lunch

Quantifiable performance indicators – you own your results

Endless variety and challenge. This job can keep you engaged and entertained for decades

A few final words on career planning.....

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Think about the long term outlook for the industry

Think about the company’s position in that industry

Think about obsolescence and the risk of disintermediation

Only consider working with people who are capable, have a high level of integrity and honesty