Orbis

The tracks vary by office:

• Investment Analyst internship (Bermuda, UK): research a market sector or stock idea alongside the investment team
• Business / operations internship (Bermuda, UK, Canada): client, settlements, and operational teams
• Legal internship (Bermuda)
• Technology internships: software developer roles in Canada and a 12-month software engineering placement in the UK
• Responsible Investing Analyst internship (UK)

Most placements run about 10 weeks over the summer (ideally June to August), while the Canada business work term runs four months (May to August) and the UK software route is a year-long placement. The firm states it sizes each intake to how many mentors are available rather than to a fixed headcount, so seats are limited and each track is tied to a single office: an application targets one role in one location, not a firmwide opening, and does not transfer across offices.

Two structural features separate it from a sell-side or bulge-bracket path. First, its fees are performance-based and refundable: it charges little or nothing in years a fund lags its benchmark, and refunds earlier performance fees from a reserve when returns reverse, tying the firm's pay to client outcomes (Portfolio Adviser). Second, it offers an internship-led, mentor-paired entry route rather than a high-volume rotational programme, with cohorts capped by mentor availability. For an applicant weighing the buy side against banking, this is a contrarian active manager rather than a rotational analyst programme: the work is investment research or operations inside one firm philosophy, and the small, single-office intake gives a candidate set on long-horizon investing little overlap with a standard banking application.