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Tag: Reports to: Portfolio Manager

Investment Research Associate

Written by Rachel Crisafulli on . Posted in Careers.

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Investment Research Associate

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Firm Overview

Fenimore Asset Management is an independent, 100% internally owned, SEC-registered investment adviser based in Upstate New York. Founded in 1974, Fenimore manages over $5 billion in investor assets, focusing on high-quality, long-term, long-only investing through separately managed accounts and its mutual fund family, FAM Funds.

For nearly 50 years, Fenimore has remained committed to fundamental investment research, bottom-up security selection, and concentrated portfolio management, offering a personalized investment experience to a national client base of like-minded investors.

This position will be based at Fenimore’s headquarters in Cobleskill, NY.

Position Summary

The Investment Research Associate will work directly with the portfolio managers of the FAM Value Fund and the corresponding separate account strategy. This role focuses on fundamental securities analysis and supports all aspects of the investment research process, including financial modeling, due diligence on new investment ideas, interactions with company management teams, investment presentations, and portfolio monitoring. The Associate will operate as a generalist, gaining exposure to multiple industries and economic sectors.

Primary Responsibilities
  • Maintain research coverage of existing and potential portfolio holdings as directed by the portfolio manager.
  • Develop and maintain detailed financial and valuation models in Excel.
  • Support all aspects of new investment idea due diligence.
  • Conduct peer and industry analysis, including expert calls and attendance at trade shows.
  • Build and maintain relationships with sell-side analysts, salespeople, and research associates.
  • Prepare and publish internal research reports and investment presentations.
  • Analyze and report on portfolio performance drivers.
  • Assist in developing marketing materials and white papers related to the strategy.
  • Uphold Fenimore’s core values and client-first culture.
  • Occasionally travel with analysts for company visits.
  • Perform other related duties as assigned.
Qualifications & Experience
  • Bachelor’s degree with a strong background in investing or accounting; MBA preferred.
  • Prior equity investing experience is strongly preferred but not required.
  • CFA designation or willingness to pursue it.
  • Proficiency in Microsoft Excel and financial modeling.
  • Ability to analyze large datasets via APIs using Python, R, or similar tools.
  • Highly motivated, confident self-starter with the ability to work independently and collaboratively.
  • Willingness to travel overnight as needed.

PAY RANGE:

The base salary range is $60,000 – $110,000. This role is also eligible for a performance bonus and paid time off.

To apply for this position, please email a resume and cover letter to careers@fenimoreasset.com

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