Investment Analyst Intern

About Orbis

Orbis is a privately owned investment firm managing over US$56 billion of assets, with offices across four continents and over 400 staff. We have been creating value for our clients since inception in 1990. Our investment philosophy is fundamental, long-term and contrarian. We are uniquely structured to encourage bold but considered decisions, even in times of stress. As a firm, our business model requires us to deliver meaningful outperformance to our clients.

At Orbis we take a different approach:

• We are privately owned by our partners and the founding family’s philanthropic foundation. There is no short-term shareholder pressure, and we make sure we always act in our clients’ long-term interests.
• We have a refundable performance fee structure to maintain a clear alignment of interests with our clients. We refund performance fees paid when we underperform so our success depends on creating and preserving value for clients.
• We believe contrarian investment decisions are best made by individuals, not groups. Our performance attribution system measures each individual analyst’s ability, so only outperformers direct client capital.
• We are willing to go against the herd in our investment decisions, looking for hidden and missed value and having the conviction of applying our strategy rigorously and consistently over time.  

We believe it is the things we do differently that make the difference: all of our funds have outperformed their benchmarks since inception. 

The same applies to our recruitment decisions. We are not overly focused on prior finance or investing experience. We are looking for exceptional people with a combination of intellectual curiosity, strong analytical skills, sound judgement, and a track record of excellence in their chosen field.

Orbis in Hong Kong

Orbis Investment Management (Hong Kong) Limited is based in Hong Kong and focused on research and investment management in Emerging Markets globally. We are actively growing from our current base of a dozen professionals.

The Opportunity

As a Summer Investment Analyst, you would conduct fundamental bottom-up research, identify favourable equity investment opportunities, and make investment recommendations to our funds based on long-term return prospects. Orbis’ investment philosophy is to buy shares when they are priced substantially below our assessment of their intrinsic value.

As a Summer Investment Analyst, you will focus on a specific sector of the market and your summer could culminate in you recommending a stock for purchase in our funds. During your internship, we will provide you tools and mentorship to help you succeed, but the rest will be up to you. This role is based in Hong Kong, and you will have the opportunity to collaborate with other Orbis professionals worldwide. Depending upon your performance, this internship could lead to a full-time position after graduation.

Responsibilities

A Summer Investment Analyst’s key role is to conduct primary research that results in investment recommendations for our funds. As such, your responsibilities may include:

• Performing rigorous, bottom-up analysis, using both quantitative and qualitative approaches.
• Developing an independent, fact-driven perspective on individual stocks.
• Speaking to and/or meeting with senior management teams of the companies under research.
• Authoring written reports that clearly articulate an investment case, including the appropriate supporting evidence and quantitative analysis.
• Recommending stocks for consideration in the funds and debating stock recommendations with other Orbis investment professionals worldwide.

Qualifications

• Track record of strong academic achievement and independent thinking
• Demonstrated interest in investing
• Integrity
• Humility

Instructions for Application

To apply, please send your résumé along with your answers to the following 3 questions:  

• Why are you interested in long-term investing?
• Which aspects of Orbis are most appealing to you?
• What is your favoured geographic location long-term?

Please apply before 15 November 2026 and limit your answers to one page and submit the application in a combined PDF file. Please note that we are only able to respond to successful candidates.