rutgers student managed fund interest session presentation
TRANSCRIPT
Rutgers Student Managed Fund (RSMF): IntroductionPortfolio Managers: Andrew Lee, Saikiran Chilukamari
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About RSMF• Founded in 2012 as the “LIBOR Hedge Fund Live Desk” by a group of 8
LIBOR members – later renamed to “Rutgers Student Managed Fund” (RSMF)
• The fund is supported by a number of equity research teams distinguished by sectors◦ Each team is led by a senior analyst supported by a number of junior analysts◦ Senior analysts are experienced RSMF members who are able to mentor and
guide junior analysts
• RSMF provides members an opportunity to expand their knowledge and analyze companies using both qualitative and quantitative approaches
• For more information: http://www.rusmf.com
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About RSMF• Two Divisions: Equity Research Team & Investment Committee
◦ Equity Research Teams: 5-6 Sector Groups led by one or more senior analyst (Sectors Include: Healthcare, Industrials, Consumer, etc.)◦ Produce Equity Research-Style Reports ◦ Pitches companies to fund, investment committee, and alumni◦ *This is where you will be*
◦ Investment Committee: Comprised of senior analysts who vote on and recommend companies to Rutgers alumni
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Why SMF?• The ultimate goal of the fund is to educate its members and strengthen their
knowledge of the financial markets.◦ Holding weekly meetings in which members discuss various investment strategies◦ Analyze current events in the economy
• High Quality Learning Experience
• Large exposure to LIBOR E-Board and various Equity Researches on Wall Street
• Great alumni connection (see last slide for alumni placements)
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Schedule• 9/8 – Initial Meeting
• 9/10 – SMF Interest Meeting
• 9/14 – 9/19 – SMF New Analyst Interviews
• 9/22 – Intro Meeting for New Analysts & Summer Projects
• 9/29 – Teaching Day: 3 Statements*
• 10/3 – 1st Company Initial Pitches
• 10/6 – Speaker Series
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• 10/10 – 2nd Company Initial Pitches
• 10/13 – Teaching Day: Valuation*
• 10/20 – Nikhil Nichani*
• 10/27 – Teaching Day: Excel/PowerPoint*
• 11/7 – Refined Pitches
• 11/10 & 11/17 – Meetings TBD*
• 11/21 – Final Pitch
*NOT MANDATORY FOR SENIOR ANALYSTS
Schedule Description• Teaching Days: Mandatory for new members and junior analysts.
• Speaker Series: Mandatory for all members.
• Initial Pitches, Refined Pitches, and Final Pitch are on Saturdays◦ Alumni participation in Refined Pitches and Final Pitches
• 2 Initial Pitches – Qualitative in nature. No model required.
• 1 Refined Pitch – Pick 1 company from the initial pitch and build model out. Will be pitched/distributed to Devil’s Advocate Committee (DAC) for review and feedback
• 1 Final Pitch – Make any necessary corrections to refined pitch. Intended to be presented to Rutgers alumni.
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Junior Analysts• This is supposed to be a very strong learning experience – unfortunately that
also comes with more work
• Expected to perform most of the quantitative and qualitative analysis – aka. Building the model and the assumptions◦ However, do not hesitate to ask your senior analysts for help or if you have any
questions
• Performance◦ Underperforming junior analysts may be asked to leave the fund◦ Over performing junior analysts may receive rewards and/or incentives (TBD)
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Junior Analysts - Expectations• Attend all scheduled meetings and teaching days on time
• Perform to the level asked of you by your senior analyst and/or portfolio managers
• Ask questions! Learn as much as you can.
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What You Will Learn from SMF• Stock Selection
• Accounting – 3 Statement & Respective “Flow”
• Excel & PowerPoint Skills – Hotkeys, VLookup, etc.
• Valuation – Discounted Cash Flow (DCF) & Comparable Analysis◦ Associated “Technical” for Interviewing
• Writing Skills◦ You will have a completed equity research report by the end of the semester
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Devil’s Advocate Committee• Nikhil Nichani – Equity Research, RBC Capital Markets
• Steve Cao – Private Equity Analyst, Goldman Sachs HK
• Evan Lee – Equity Research, Barclays Capital
• Eric Lang – Corporate/Investment Banking, Citi
• Jason Seo – Sales and Trading, Morgan Stanley
• Anay Khanapure – Leveraged Finance, Jeffries
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SMF Selection Process• SMF Interest Meeting: September 10, 2015
• Application: http://rusmf.com/join-us• Deadline: 11:59 September 15, 2015• Please attach your resume in First.Last.pdf format
• Interviews• Please fill out Doodle by 11:59 September 16, 2015• Come prepared with a stock pitch
• Results: September 20-21, 2015
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SMF Selection Process
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SMF Selection Process – The Interview• Not something to lose sleep over
• Come prepared:◦ Discuss Your Resume – “Tell Me About Yourself ”
◦ Why you should be part of the SMF◦ Why you’d be a valuable addition
◦ Stock Pitch◦ Know basic details about the company (i.e. Revenue, Stock Price, Market Cap, etc.)◦ Why you think the company is a BUY (avoid pitching a Hold, Sell/Short)
◦ News◦ Additional Information – Impress Us
◦ I.e. Accounting Information, etc. etc.
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SMF Alumni Placements
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And O
thers
Questions/Concerns?• Feel free to contact us at: [email protected]◦ Andrew: [email protected]◦ Saikiran: [email protected]
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