Michigan Investment Association Stephen M' Ross School of Business

1
Michigan Investment AssociationStephen M. Ross
School of Business

• September 11, 2005
• 600 pm to 700 pm
• Tozzi Finance Center

2
Agenda

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

3
Introduction of Officers

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

4
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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Purpose of Investment Association

• Investment Careers
• Sell-Side Research
• Wall Street Analyst who frames investment
  decisions (i.e. Lehman Brothers)
• Buy-Side Research
• Analyst who contributes to making investment
  decisions (i.e. Fidelity)

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Purpose of Investment Association

• Investment Careers (continued)
• Institutional Sales Trading
• Individuals that support money management firms
  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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Purpose of Investment Association

• Investment Careers (continued)
• Private Client Services
• Managing high net worth portfolios (i.e. UBS
  Wealth Management)
• Alternative Investments
• Vehicles such as hedge funds (i.e. Citadel) and
  private equity investments (i.e. Carlyle Group)

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Purpose of Investment Association

• 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?

9
Maize and Blue Fund

• Fund starting with assets in an index fund
• At least one club member will give a stock pitch
  every meeting
• Club officers will decide if we invest in the
  stock
• Thesis violations will cause us to sell a stock
• Future corporate sponsorship for real dollars
  in the fund

10
CFA Exam Preparation - Stalla

• Benjamin S. Jones, CPA
• bjones_at_beckerreview.com
• www.stalla.com

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Calendar of Events

• September
• September 11th, 2005 6-7 pm, Tozzi
• Investment Association overview
• September 18th, 2005 6-7 pm, Tozzi
• Internship search overview
• September 25th, 2005 6-7 pm, Tozzi
• Equity overview

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Calendar of Events

• October
• October 2nd, 2005 6-7 pm, Tozzi
• Fixed Income overview
• October 9th, 2005 6-7 pm, Tozzi
• Portfolio Management overview
• October 16th, 2005 October 23rd, 2005
• No meetings (Wall Street Forum is week of Oct.
  23rd)
• October 30th, 2005 6-7 pm, Tozzi
• Wall Street Forum follow-up

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Calendar of Events

• November
• November 3rd and 4th
• Cornell Stock Pitch Competition
• November 6th, 2005 6-7 pm, Tozzi
• Speaker Equities
• November 13th, 2005 6-7 pm, Tozzi
• Speaker Fixed Income
• November 20th, 2005 6-7 pm, Tozzi
• Speaker Portfolio Management
• November 27th, 2005 6-7 pm, Tozzi
• No meeting

14
Calendar of Events

• December
• December 4th, 2005 6-7 pm, Tozzi
• Trading simulation
• December 11th, 2005 6-7 pm, Tozzi
• Speaker Sales Trading
• END OF SEMESTER