What the fuck is the difference between asset management and equity research at the analyst level?

New Yorker's picture
Rank: Gorilla | banana points 659

For example, at GS there is Global Investment Research (equity research .... ?) and within AM there is the "fundamental equity team" that "conducts original, bottom-up research across a broad range of capitalizations and styles, spanning global developed and emerging markets. This team utilizes growth equity, value equity, global equity and real estate securities strategies.

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Comments (10)

Jan 25, 2011

most likely very little...

Jan 25, 2011

are you stupid one is buyside the other is sellside. and there are other things to do in AM besides equity research

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Jan 25, 2011
gsduke:

are you stupid one is buyside the other is sellside. and there are other things to do in AM besides equity research

DUDE! you seriously need to start reading people's questions. That's not what he was asking

Jan 26, 2011

GSduke

gsduke:

are you stupid one is buyside the other is sellside. and there are other things to do in AM besides equity research

why r u calling the OP stupid? functionally almost the same. calm down.

Jan 25, 2011

he was asking at the lowest level, i believe, which in that case...there will be very little difference in what you do on a day to day basis.

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Jan 25, 2011

in asset management you're not just looking at individual equities, but also how it'll affect the portfolio/fund. you run asset allocations and make sure there isn't too much style drift, variance, correlation etc...

Jan 25, 2011

i also don't really know what analysts in equity research do, so keep that in mind when reading my response

Jan 25, 2011
Chris_Marlin:

i also don't really know what analysts in equity research do, so keep that in mind when reading my response

For the most part in ER, you are looking at a group of companies, and aren't so much concerned about investment strategy.

Jan 26, 2011

new yorker

very little difference functionally/skillset wise at the very low level for a fundamental equity analyst on sell and buyside

Jan 28, 2011