Founded in 2017, the Oxford Alpha Fund aims to be the premier student investment fund in the United Kingdom., producing superior risk adjusted returns through fundamental equity research. We have now grown to a team of over 30 passionate portfolio managers and analysts coming from a wide variety of subject disciplines, from both the undergraduate and graduate student body.
Our platform provides a unique opportunity for students with a passion for the markets to develop their technical knowledge and develop practical investment theses.
We like to see things differently, and are always on the hunt for individuals who have a keen passion for the markets and a unique perspective.
The Oxford Alpha Fund adopts a fundamentals-driven, bottoms-up approach that considers both individual company analysis and industry-level dynamics. Primarily focused on quality compounders that exhibit resilience, and companies with a long runway for growth at a fair valuation, we develop in-depth research, supported by proprietary financial models built by our analysts. We adopt an Oxonian approach toward investing, prioritising academic rigour, first-principle thinking, and a deep-dive approach toward research, seeking out qualitative and quantitative sources of information that might be overlooked by the Street. This culminates in an approach to the industry that spans 2-3 months.
Led by a more experienced PM, teams collectively choose an industry that they are interested in, based on their unique make-up and diverse research leanings. Teams are typically composed of a mix of graduate and undergraduate students with varied backgrounds in science, humanities and finance. Teams perform industry-level analysis on two attractive themes within an industry - splitting up into two sub-industry teams, and jointly produce an industry report that frames the assumptions, and common drivers in each industry. The teams then determine the most attractive set of names to long and short, and work on the names individually or in pairs, developing a framework to relatively compare the names.
Finally, the teams pick a pair of names to relatively value (long & short) and develop a set of broad metrics to compare against other industries and other teams.
The fund meets in general several times a term, bookmarked by the termly stock and industry pitches. Each industry team meets at their own time, typically once or twice a week to develop their models. We host high-profile industry practitioners, investment roundtables, and company workshops. In addition, we conduct our annual bootcamp in Michaelmas, supported by our sponsors and the Oxford Alpha Fund alumni network.