Equity Research Analyst - Technology Sector

Overview

Daimyo Holdings, a Multi-Strategy Hedge Fund based in Los Angeles, is looking to hire a Technology Equity Research Analyst for its Fundamental Value Public Markets Investment Team. This role focuses on conducting comprehensive research and analysis of publicly traded companies within the technology and deep tech sectors, targeting small and mid-cap companies in areas such as semiconductors, software infrastructure, hardware, AI/compute, and emerging technologies.

Key Responsibilities

• Perform thorough fundamental analysis to uncover high conviction undervalued investment opportunities in small and mid-cap tech markets.
• Work closely with the Portfolio Manager to select securities within technology sector aligned with value and growth investing strategies.
• Initiate research on new investment prospects and maintain ongoing analysis of portfolio holdings.
• Monitor and analyze technology lifecycles, competitive landscapes, regulatory changes, and industry shifts impacting the target segment.
• Construct and update detailed financial models, dashboards, and valuation tools to evaluate unit economics, product cycles, margins, and intrinsic value.
• Create and clearly communicate research-backed investment theses with actionable buy, hold, or sell recommendations.
• Engage effectively with senior investment personnel and portfolio managers to explain and defend investment perspectives.
• Support preparation of detailed presentations to guide capital allocation decisions.
• Collaborate with traders, analysts, and other team members to facilitate investment execution and evaluate risks.
• Attend relevant industry conferences and events domestically and internationally as required.

Research & Modeling Duties

• Develop financial models capturing revenue drivers, market adoption curves, and unit economics for targeted small and mid-cap companies.
• Forecast total addressable market evolution, market share movements, and product cycle timing.
• Create screening processes to identify mid-cap firms with potential acquisition or strategic buyer appeal, including valuation multiples analysis.
• Analyze technical differentiation and competitive advantages at a granular level to assess sustainability of company moats.

Market and Regulatory Monitoring

• Keep abreast of regulatory developments such as export controls, antitrust, and data privacy laws affecting small and mid-cap tech firms.
• Regularly prepare market reports highlighting price trends and fundamental drivers for internal stakeholders and traders.
• Stay familiar with SEC filings, earnings transcripts, patent databases, and industry reports from sources like Gartner and IDC to identify inflection points before consensus.

Collaboration and Process Improvement

• Partner with traders to identify investment and trading opportunities and evaluate associated risks.
• Provide timely market intelligence supporting portfolio construction and risk management.
• Contribute to development of research and analytical tools enhancing the firm's technology investment processes.
• Improve research efficiency through IT tools, automation, and enhanced knowledge sharing.

Qualifications

• Minimum 5 years’ experience in equity research with at least 3 years on the buy-side in a senior capacity.
• In-depth expertise covering small and mid-cap technology sectors including deep tech, semiconductors, and software infrastructure.
• Required Series 63 and Series 7 licenses; CFA designation preferred but not mandatory.
• Preferred advanced or bachelor’s degree in Computer Science, Electrical Engineering, Data Science or related technical domain; business/finance degrees considered with strong technical fluency.
• Strong analytical capability with advanced Excel, SQL, and Bloomberg Terminal skills; familiarity with Python or similar tools advantageous.
• Experience with equities, derivatives, and futures markets; knowledge of technology M&A and strategic valuations.
• Ability to independently interpret technical details, patents, and architectures beyond typical sell-side summaries.
• Strong problem-solving skills, attention to detail, and critical thinking reflecting second-level investment analysis.
• Proven track record of successful investment decisions supported by documented evidence.

Personal Traits

• Intellectually curious and independently motivated with a personal passion for technology trends.
• Capable of challenging consensus views and willing to adjust opinions based on evidence.
• Exceptional communication skills and ability to thrive collaboratively in a small team environment.
• Demonstrates strong work ethic and enthusiasm for public markets investing.

Additional Information

Employment terms will depend on the candidate's experience, education, and skills. The role may include bonus incentives linked to investment performance. Presence in the office as per schedule is mandatory. Daimyo Holdings is committed to equal employment opportunities without discrimination based on protected characteristics.