Equity Research Intern

Trading Research Intern — Manifest Capital About Manifest Capital Manifest Capital is a proprietary, fundamentals-first investment and trading firm focused on opportunities across public and private markets. We look for compelling business and asset narratives—and then meticulously test those narratives against financial performance, industry dynamics and economic reality. We are hiring a Trading Research Intern to work directly with the Founder and support the firm’s public-markets trading research. The role: The intern will independently analyse companies and sectors, prepare structured research reports and present their findings verbally to the Founder. The objective is not merely to collect information. The candidate must be able to connect macroeconomic, industry and company-level developments, form an informed view on a company’s earnings cycle and respond to detailed follow-up questions that support timely trading decisions. Typical responsibilities will include: Tracking relevant macroeconomic, sector and company-specific developments Analysing business models, industry structures and competitive positioning Identifying the factors affecting revenue, costs, margins and earnings Studying demand cycles, consumption behaviour and capital-expenditure trends Reading financial statements, annual reports, investor presentations and management commentary Preparing structured company and sector research reports Presenting conclusions verbally and answering questions on the research Continuously updating the thesis as new information emerges What we are looking for: The candidate should have an understanding of the global macroeconomic environment, including but not limited to: Inflation, interest rates, bond yields and monetary policy Foreign-exchange movements Fiscal policy International trade policy and geopolitical relationships Commodity cycles Economic growth and business cycles across major economies The candidate should also understand the fundamentals of a business, including: Industry structures, competitive dynamics and economic moats Business models and the drivers of company revenue, costs and margins Financial statements and key financial ratios The relationship between macroeconomic developments and company earning Strong written and verbal communication skills are essential. The candidate should be comfortable working with financial data, thinking independently and explaining complex ideas clearly. We are not looking for prior market experience. We want a candidate who intuitively understands a public company as a piece of the puzzle the global economy is, and is truly curious to know how the earnings of the company moves with the world around it. Engagement This is a paid, part-time and remote internship requiring a commitment of approximately four to five hours per day. Interested candidates may send their résumé, along with a brief note explaining their interest in financial markets and fundamental research, to