Michigan Investment Association Stephen M' Ross School of Business

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Michigan Investment AssociationStephen M. Ross
School of Business

• September 10, 2005
• 530 pm to 625 pm
• Tozzi Finance Center

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Agenda

• Purpose of Investment Association
• Introduction of Officers
• Financial Markets Career Preparation
• Maize and Blue Fund
• Competitions
• CFA Exam Preparation
• Calendar of Events

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Purpose of Investment Association

• Our charter states the following
• the Investment Association aims to aid not only
  students interested in careers within investment
  management, but also to help those students
  attempting to better their personal investing
  skills
• Our time is probably spent 75 on careers and 25
  on investing skills

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Introduction of Officers

• http//webuser.bus.umich.edu/Organizations/investm
  entclub/officers.htm
• Name
• Background
• Areas you considered for summer
• Summer internship experience
• Area of specialty

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Career Preparation

• Investment Careers
• Sell-Side Research
• Wall Street Analyst who frames investment
  decisions (i.e. Lehman Brothers). Industry
  experts who provide company research and access.
• Buy-Side Research
• Analyst who contributes to making investment
  decisions (i.e. Fidelity)

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Career Preparation

• Investment Careers (continued)
• Institutional Sales Trading
• Individuals that support asset managers and make
  trades in the markets (i.e. UBS).
• Investment Management
• Individuals that manage money and decide what
  goes into a portfolio (i.e. Fidelity)

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Career Preparation

• Investment Careers (continued)
• Private Client Services
• Managing high net worth portfolios (i.e. JP
  Morgan Private Bank) (10MM-1B)
• Alternative Investments
• Vehicles such as hedge funds (i.e. Citadel) and
  private equity investments (i.e. Carlyle Group)

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Career Preparation

• Consider the following questions
• How many people KNOW they want a career in
  investments?
• How many people are CONSIDERING a career in
  investments?
• How many people DONT WANT a career in
  investments?

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Maize and Blue Fund

• Michigan currently has 180,000 fund run through
  portfolio management class.
• Investment management club working with school
  faculty and administration to develop a larger
  fund with greater student involvement.
• While fund is being developed, club can recommend
  changes to current 180,000 portfolio.

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Competitions

• Ross School of Business Annual Pitch Competition
  (December)
• Market, Security or Trade pitches
• Cornell MBA Stock Pitch Challenge
  (October/November)
• National Competition Utilizing Established PMs
  and Wall Street Analysts as Judges
• North Carolina Alpha Challenge (November)
• Long/Short Hedge Fund Trading Strategies
• Rotman Trading Competition (February)

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CFA Exam Preparation - Stalla

• Currently no formal program, but we can develop
  if there is demand.
• Study guide and books available in Tozzi Center
  for levels I and II.
• Group discount for Stalla and Schweser courses.
• Organize Study Groups.

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Next Week

• September
• September 10th, 2006 530pm-625 pm, Tozzi
• Investment Association overview
• September 17th, 2005 530pm-625 pm, Tozzi
• Job search overview
• How to affectively read the Wall Street Journal
• Maize and Blue Fund Update