Andrew Wright

Experience

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  BlackRock

  Jul 2008 - Sept 2017

  Basic Value TeamPortfolio Management GroupVice President• Maintained coverage of Energy, Metals & Mining, Utilities and Transportation industries (~200 equities) as part of a 5-member multi-cap equity team• Basic Value Fund ranked in 16th percentile of Large Cap Value peers during tenure (12/31/12 – 12/31/16)• Generated individual company buy/sell recommendations based on a fundamental bottom-up stock analysis, augmented by proprietary industry/trend/commodity insightso Targeted companies with mismanaged/misunderstood asset bases trading at a discount to intrinsic valueo Price targets derived by blending near term valuation metrics (P/E, P/CF, EV/EBITDA, FCF yield) onforecasted financials with long term asset potential (optimized NAV, risked resource value, market comps)o Partnered with industry management teams to identify sustainable drivers of improved capital efficiency• Developed dynamic models forecasting fundamental trends and asset values across the energy, power, transportation and mining sectors• Provided detailed weekly commentary on energy market fundamentals and price direction, disseminated across BlackRock equity, fixed income and alternatives platforms Show less Global Natural Resources & Energy TeamPortfolio Management GroupSole research associate on Energy & Resources portfolios managed by Dan Rice, Denis Walsh and Dan Neumann. Providing: Macro Analysis: Provide top-down macro outlook for positioning of global energy and resources portfolios -- Developed and maintain extensive quarterly commodity handbook deriving short and long-term price projections across 11 commodities/industries -- Analyze and project global supply & demand, inventory, trade dynamics and cost curves Stock-Specific Analysis: Initiate and maintain coverage of industry and equity recommendations for portfolios -- Focus on long-term fundamental drivers of sustainable revenue, margin and/or multiple growth -- Utilize DCF, operating cash flow multiple, in-situ resource value and comparable transaction valuation methods to value companies across energy and resources sectors -- Conduct frequent one-on-one meetings with industry executives and research analysts Model development and automation -- Developed sensitized single-well oil & gas DCF model, utilizing modified hyperbolic decline theory -- Developed Bloomberg-fed models to monitor, screen and rank individual equities versus industry peers -- Created proprietary models to derive underlying commodity price implied by current equity valuations Show less

  • Research Analyst

    May 2013 - Sept 2017

  • Research Associate

    Jul 2011 - May 2013

  • Product Specialist

    Jul 2008 - Jul 2011
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  Independent Consultant

  Oct 2017 - Nov 2018

  Independent Consultant

  Provided industry/asset-level analysis and operational portfolio company support for private equity firmso Collaborated with executives to identify cost-drivers and assess the value of potential capital investmentso Identified, categorized and ranked debt/equity investment candidates through targeted industry deep-dives

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  Portolan Capital Management

  Nov 2018 - Feb 2023

  Senior Research Analyst
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  Columbia Threadneedle Investments, US

  Feb 2023 - now

  Senior Portfolio Manager

  Dividend Income Strategy