![]() In 1998 Allan Gray Limited entered the retail fund space. In 1989, in advance of the end of exchange controls in South Africa, Allan left the country with his son William to launch Orbis Investment Management in London, England, moving it s headquarters two years later to Bermuda. His approach was successful, and the company became the largest private independent asset management firm in the country - overseeing $40 billion in assets and running pension funds for many top corporations, such as the Rembrandt Group. He also implemented his belief in investing heavily in companies whose shares prices we re less than his assessment of their intrinsic value. ![]() While many financial services firms at the time utilized large sales forces, he emphasized a more concentrated focus on asset management and service. In 1973 he returned to South Africa and founded Allan Gray Limited, which served institutions and promised to deliver superior returns through rigorous research. He then earned an MBA from Harvard, after which he spent eight years as a portfolio manager at Fidelity Fund Management and Research in Boston. He studied to be a chartered accountant at Rhodes University, obtaining a Bachelor of Commerce in 1957. Born in 1937 in East London, South Africa, he was fascinated by stocks as a child. Also, their personality test is very accurate, and they expect you to agree/disagree with it and discuss reasons why.Allan Gray is the founder of Allan Gray Limited and Orbis Investment Management. Know your strengths and weaknesses, and be able to talk in detail about them. This is a great firm, but they are very, very specific about who they want. The PM will meet with you while you are there, and then you leave and wait for weeks to hear back from them about an offer. They will pick it apart and you have to defend your thesis. I didn't get a second round with this firm, but their format for a second round is to give you one week to research a stock that they give you, then they fly you out to SF and you present it to the entire office (analysts and PMs). The interviewers will dig for the information they want so that they know how you think and why. This can be a very painful interview if you are introverted or aren't prepared to talk deeply about this. They want to know how you grew up, what your parents were like, what major decisions you've made throughout your life and why. Be prepared for questions like "What is the one thing you believe that no one else believes?" and "What fundamental belief have you had that you've changed your mind about?" The interview process is extremely personal. This firm desires analysts who are perfectionists and contrarian independent thinkers. He asked about 2-3 high level questions about it, then we moved on to behavioral questions for the rest of the interview. One of the interviewers asked me for a stock pitch, which lasted about 2 minutes. Both interviews were conducted by analysts at the firm, and were highly behavioral/fit. It consisted of two back-to-back interviews, each lasting about 45 minutes. Two weeks after this email, the interview took place in NYC in a hotel suite. Two weeks after that, I received an email from HR informing me that I was selected for a first round interview. Within one week, I received an email directing me to take an online personality test (took about 15 minutes). Applied to the firm on my University's job application portal.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |