Full-Time
Strategy Associate
Posted on 10/31/2025
Magnetar Capital
201-500 employees
Credit-focused alternative asset manager
Compensation Overview
$125k - $225k/yr
Evanston, IL, USA
In Person
 Business & Strategy (2) |
|---|
| , |
- Bachelor’s degree in Business, Economics, or a related field from a top-tier institution.
- 5–7 years of relevant experience in investment banking or consulting at a Big 4 firm.
- Strong expertise in financial modeling and the ability to distill complex financial data for senior management.
- Proven experience delivering professional, high-impact presentations, with strong PowerPoint and project management skills.
- A confident, polished professional with the ability to interact effectively with senior executives on a regular basis.
- Applicants must be authorized to work in the United States without the need for employer sponsorship now or in the future.
- Develop and maintain detailed financial models for various business strategies, including fund restructurings and comprehensive business analyses.
- Prepare and present high-level presentations to senior management, outlining objectives, strategic rationale, and recommendations for potential initiatives.
- Assist in the coordination and execution of strategic projects and new fund launches, working closely with multiple groups across the firm.
- Provide ad hoc analysis and decision support on complex matters for senior management, ensuring timely and data-driven insights.
Magnetar Capital manages capital for investors across a mix of investment strategies, including credit, fixed income, systematic strategies, event-driven approaches, and venture capital. It operates in the alternative asset space with a history in the collateralized debt obligation market before the 2007-2008 crisis and today emphasizes distinct, data-informed systematic investing alongside traditional credit and macro strategies. A notable venture-capital effort funds AI startups by providing compute time as a form of capital rather than cash-for-equity, supporting early-stage AI development. The firm’s approach combines multi-strategy asset management with a nontraditional form of financing for startups, aiming to generate returns for its investors through a diversified set of investments and partnerships in technology-driven ventures.
Company Size
201-500
Company Stage
N/A
Total Funding
$3.9B
Headquarters
Evanston, Illinois
Founded
2005
Simplify's Take
What believers are saying
- Manages over $22 billion AUM as of September 30, 2025, enabling large-scale deals.
- Co-led TensorWave's $100M Series A for AMD-powered AI infrastructure expansion.
- Invested $200M in Torus for modular power plants targeting data centers.
What critics are saying
- Torus $200M investment fails from GE Vernova competition, eroding returns in 12-24 months.
- TensorWave underperforms as NVIDIA holds 88% GPU share, causing churn in 6-12 months.
- UK retail portfolio drops 20-30% value from e-commerce shift in 6-18 months.
What makes Magnetar Capital unique
- Magnetar offers compute time to AI startups via AI Ventures I fund, closed August 2024.
- Systematic strategies use rules-based approaches unlike traditional data-mined quant methods.
- Diversified across credit, fixed income, energy, and event-driven investments since 2005.
Help us improve and share your feedback! Did you find this helpful?
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Wellness Program
Company News
Alternative Credit veteran: Magnetar capital's Michael Henriques. 03.12.26. In this episode, we speak with Michael Henriques, Partner and Senior Portfolio Manager at Magnetar, a multi-strategy alternative investment manager with more than $22 billion in AUM. Founded in 2005, the firm invests across public and private markets in the U.S. and Europe, with a focus on alternative credit, fixed income, and venture strategies. Its Alternative Credit & Fixed Income business targets Specialty Finance, Structured Solutions, and Opportunistic Markets, seeking to generate attractive risk-adjusted returns, particularly during periods of market dislocation. Michael brings three decades of experience in fixed income, structured securities, and real estate. He joined the firm in 2007 and previously served as a Managing Director at Deutsche Bank. Before that, he spent more than ten years at Goldman Sachs, where he began as a structured finance analyst and ultimately co-headed the CDO and Synthetic ABS group. Michael received his MBA from Wharton and his BA from Princeton. Magnetar was recently recognized as a Top Private Credit Firm of 2025 by GrowthCap.
/PRNewswire/ -- inKind, the leading restaurant commerce enablement platform and technology company, has closed $450 million in capital to accelerate its...
Mercedes-Benz, Japan Post Capital, RyderVentures, ARK Invest join B Capital, Capital Factory and Google in oversubscribed round to accelerate commercialization of next-generation humanoid robots
Torus Inc. has secured a $200 million investment from Magnetar to accelerate the deployment of its modular power plants for utilities, data centers, and industries in the U.S. Torus' hybrid energy systems combine mechanical flywheels and batteries, forming a distributed grid operating system. The company is expanding its partnership with PacifiCorp and plans to open a large manufacturing campus in Salt Lake City. Torus aims to scale production to over 1 gigawatt per quarter within three years.
TensorWave, a Las Vegas, NV-based company developing AMD-powered AI infrastructure solutions, raised $100M in Series A funding