Douglas March, CFA

Douglas March, CFA

Analyst

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  • Timeline

  • About me

    Private Equity, Financial Modelling, and Finance Professional

  • Education

    • University of Southampton

      2006 - 2009
      Ocean Physics BSc Oceanography, Mathematics, Physics, Programming, Geology.

      Dissertation:The possible causes of unusually strong tropical cyclone activity in the North Indian Ocean over the past decade.

    • University of Southampton

      2009 - 2010
      International Financial Markets MSc Corporate Finance, Risk, Portfolio, Fixed Income, Equity, Derivatives, International Finance Policy. Distinction

      Dissertation:Forecasting stock market volatility using generalized autoregressive heteroskedasticity models.Coursework topics:An explanation as to why listed companies calculate their cost of capital and the difficulties involved with this calculation.A comparison of the operation of the financial systems used in the USA and Japan in terms of the functioning of the market for corporate control.Term structure and its impact on bond valuation: Constructing… Show more Dissertation:Forecasting stock market volatility using generalized autoregressive heteroskedasticity models.Coursework topics:An explanation as to why listed companies calculate their cost of capital and the difficulties involved with this calculation.A comparison of the operation of the financial systems used in the USA and Japan in terms of the functioning of the market for corporate control.Term structure and its impact on bond valuation: Constructing and fitting yield curves for valuation purposes.The construction and analysis of a diverse portfolio of stocks over time.A comparison and analysis of the main methods of measuring value at risk, portfolio credit risk models and their influence on major international financial institutions.A discussion into of the empirical evidence supporting and contradicting the capital asset pricing model.The role played by globalisation and exchange rates in the major crises in the financial markets in recent decades. Show less

  • Experience

    • Operis

      Sept 2010 - Jan 2012
      Analyst

      Financial cash flow modelling focused on the infrastructure sector. This involves building and auditing models for a range of deals including PFI/PPP transportation and social infrastructures, waste deals, the acquisition and refinancing of natural resource assets, port acquisitions, the financing of telecommunication networks, and the development of renewable energy sources.I have worked on transactions located in Asia, Africa, and the Americas but the largest portion of my work is on PFI/PPP type deals in developed markets such as the UK, Canada and the rest of Europe.Specific modelling skills that I have include the calculation of project cash flows, working capital, VAT, financing cash flows (including financing via index linked bonds), DSCRs, LLCRs, model lock-ups, IRRs, reserve accounts, order of payments, and ensuring models conform to the legal documents (project agreements, credit agreements, FM contracts etc). Show less

    • Dalmore Capital

      Feb 2012 - Jan 2018
      Associate Director

      Responsible for financial modeling and analysis and managing the analyst team. Financial analysis supported the investment team making bids, due diligence processes, fund and group level tax structuring, valuation of Dalmore Capital managed funds and accounts, monitoring of the performance of assets, refinancings, negotiations with clients, building operating models, reporting to investors, and assisting the team in deriving value from investments. At Dalmore Douglas was involved in raising and deploying £2-3bn of capital across multiple funds.Dalmore invests in the infrastructure sector and bids on PFI/PPP, OFTOs, renewables, roads, regulated assets, and assets with a similar risk return profile. Show less

    • Gunston Santos

      Jan 2018 - now
      Director

      Gunston Santos provides financial analysis, modelling, and advice to infrastructure, private equity, and growth firms.

    • Amberside Valuations

      Jan 2019 - Dec 2021
      Managing Director

      Amberside Valuations is a specialist provider of valuation and financial modelling services to infrastructure and energy investors. The company’s experienced valuations team draws from a background of private equity, accounting, advisory, financial modelling, and asset management.Our current mandates include some of the largest European infrastructure investors and covers over 300 assets and multiple funds, joint ventures, and other investment vehicles.

    • Daiwa International Capital Partners

      Nov 2020 - now
      Director
  • Licenses & Certifications

    • Chartered Financial Analyst (CFA) charterholder

      CFA Institute
    • Investment Management Certificate (Level 4)