The Missouri Local Government Employees Retirement System (LAGERS or the “System”) was established in 1967 by State statute. LAGERS is an agent multiple-employer, statewide public employee retirement plan for units of local government which is legally separate and fiscally independent of the State of Missouri. As of June 30, 2023, LAGERS held assets in trust of approximately $10.4 billion.Details below.
As one of the largest institutional investors in the Unted States, The Missouri Local Government Employees Retirement System (LAGERS) is responsible for strategically managing a $11 billion portfolio that helps support the retirement security of Missouri’s local government workers. Leveraging a multi-asset investment strategy, including public and private equity, public fixed income, private credit, real estate, infrastructure, natural resources and hedge funds, LAGERS strives to deliver steady, long-tern returns that help Missouri’s local government employers provide secure, financially sustainable retirement benefit for their employees.
The LAGERS paid investment internship program is an immersive, hands-on experience for intellectually curious and analytically driven students interested in financial investment, risk, and strategy. You will gain deep exposure to market research, financial modeling, and quantitative analysis, supporting real-world investment decisions and due diligence. Working directly with LAGERS investment team, you will sharpen your problem-solving skills and develop a strong awareness of market trends across various asset classes. Motivated individuals who are detail-oriented, adaptable, and demonstrate strong communication and teamwork skills apply now.
What you will do:
- Research and Analysis: Conducts analysis of investment strategies and vehicles across equities, fixed income, real estate, private equity, and alternative investments.
- Due Diligence: Supports the IMR team in conducting qualitative and quantitative due diligence on potential investment opportunities.
- Portfolio Management Support: Assists in monitoring the performance of existing investments, updating and maintaining databases, and ensuring data accuracy and integrity for effective decision-making.
- Financial Modeling: Updates existing financial models and communicates with the investment team the results.
- Reporting: Prepares reports and presentations for both internal and external stakeholders, summarizing research findings, investment strategies, and performance metrics.
- Market Monitoring: Stays updated on market trends and economic developments that could impact the fund’s investments.
- Collaboration: Works closely with the investment team to support the implementation of investment strategies.
- You are a motivated university student within 12 months of graduation with a keen interest in institutional investing.
- You thrive in an in-person, team orientated environment and are eager to contribute.
- You are available at least 15 hours per week, with flexibility around your classes.
- You are driven to grow, eager to sharpen your skills, and ready to dive deep into the world of investment management.
- Pursuing a CFA or CAIA certification or a career in business, finance, or analytics and this internship is ideal for you!
- Interviews with best fit candidates will be conducted throughout the recruitment schedule.
- Tentative application deadline is October 31, 2025.
