Summer 2026
Markets Analyst Intern
Cross Asset
Posted on 2/17/2026
Garda Capital Partners
201-500 employees
Fixed income relative-value asset manager
Compensation Overview
$45 - $50/hr
New York, NY, USA
In Person
 Finance & Banking (2) |
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- Pursuing a Bachelor's or Master's Degree in a quantitative, analytical, or technical field
- Quantitative and programming skills in Python and SQL
- Knowledge and interest in financial markets
- Strong communication skills
- Ability to work independently
- Intellectual curiosity and motivation to innovate
- Demonstrated experience working with artificial intelligence, including practical application of machine learning techniques (a plus)
- Prior experience in bonds, credit, or mortgages (a plus)
- Shadow the Cross Asset Group in order to learn the basics of various markets such as credit bonds, ETFs, and options, TBAs, specified pools, and mortgage derivatives, and bonds and interest rate derivatives
- Use quantitative analysis to identify potential trading opportunities and assess the risk of existing trading strategies
- Support the team’s research process, including data collection and analysis, prototyping, back testing, and performance monitoring
- Demonstrated experience working with artificial intelligence, including practical application of machine learning techniques (a plus)
- Prior experience in bonds, credit, or mortgages (a plus)
Garda Capital Partners is an asset manager that specializes in global alternative investments, focusing on fixed income relative value strategies for institutional clients. Its approach uses proprietary analysis to identify pricing inefficiencies in sovereign bonds and interest-rate differences across developed markets, aiming for positive returns with low market correlation. The firm operates from Minneapolis and Geneva, combining global reach with a niche fixed income strategy. The goal is steady, risk-managed returns for pension funds, endowments, and foundations through diversified, uncorrelated fixed income opportunities.
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Wayzata, Minnesota
Founded
2015
Simplify's Take
What believers are saying
- $12B+ AUM attracts institutional capital seeking liquid alternatives to fixed income.
- Interest rate volatility post-2022 creates expanded relative value opportunities in sovereign debt.
- Geographic expansion to eight offices diversifies institutional client relationships and market access.
What critics are saying
- AMG convertible preferred shares issued February 2026 enable control dilution within 18–36 months.
- Citadel's larger scale and technology capture sovereign debt arbitrage faster than Garda.
- Key man risk: Jeff Drobny departure triggers 20–30% AUM redemption historically.
What makes Garda Capital Partners unique
- 22-year track record of 7.8% annualized returns uncorrelated to traditional markets.
- Proprietary analysis identifies sovereign debt arbitrage across global interest rate disparities.
- Independent ownership structure with AMG minority stake preserves founder-led investment philosophy.
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Benefits
Health Insurance
401(k) Company Match
Performance Bonus
Company News
Garda Capital Partners has received funding led by returning investor Garda Management, with new participation from Affiliated Managers Group. The transaction, announced on 12 February 2026, involved the issuance of convertible preferred shares.
AMG has acquired an additional minority equity interest in Garda Capital Partners, a liquid alternatives manager specialising in fixed income relative value strategies. Garda, which became an AMG affiliate in 2019, now manages more than $12 billion in assets. Since the partnership began, Garda has tripled in size whilst maintaining its 22-year track record of delivering consistent, positive returns across market cycles. The expanded investment supports Garda's objective of building a multi-generational independent firm. "This incremental minority investment reflects the strength of our partnership and supports the firm's long-term objective of building an enduring, independent firm," said Jay Horgen, AMG's chief executive officer. AMG remains a minority investor following the transaction. Terms were not disclosed.