Jennison Associates
Host Website
https://www.jennison.comCompany Description
Jennison Associates was founded in 1969 on a belief that is as true today as it was then: Doing what’s right for clients will always be good for business. Our success in achieving client investment objectives has been made possible by our distinct investment-focused culture. The bedrock of our success, it remains firmly rooted in everything we do. We are, and always have been, distinguished by professional excellence, client focus, teamwork, and experience. For more than 50 years, we have successfully applied our investment principles to build insights and judgment that help us identify opportunities and construct portfolios. We believe that long-term excess returns can be achieved by identifying and investing in market-leading opportunities. Many factors cause variability in the way markets price securities in the short term. Our job is to assess how these factors affect our investment thesis and long-term value.Job Position
Managing Director, Portfolio ManagerJob Description
I am the portfolio manager of a Healthcare focused mutual fund and hedge fund. This means that I am responsible for picking all of the stocks (both long and short) that get included in the portfolios. I have worked at Jennison for 16 years. I started as an analyst and became a portfolio manager in 2015. In addition to managing the Healthcare portfolios, I continue to work across the firm guiding many of the other funds on their Healcare stock selections. These include: the Large Cap Growth, Global Equity, SMALL, SMID and MID Cap portfolios.Externships
DelEX 2024
Learning Goals
The students will spend the day learning about what it’s like to be a portfolio manager and how we interact with many other people in different job functions to get great ideas into our portfolio. We will go through some stocks and talk about portfolio construction. They will meet with the traders and some analysts covering other sectors outside of Healthcare. They will have a meeting with a sell-side analyst and meet with a sell side sales person and maybe more. The goal of the day is to give you an inside look of what it means to be a portfolio manager of both a mutual fund and a hedge fund and an understanding of how many of the different job functions work together on Wall Street. In addition to learning what the day to day job is like they will also learn about how we do research on stocks to determine what we want to add to the portfolio. Since I manage both a mutual fund and a hedge fund, they will learn about buying, selling and shorting stocks. I will also go through one or two of the stocks that we own in the portfolio so they can understand an investment case in greater detail.