Fund Overview

Team formation

Resources

Investment process overview

Conclusion

Fall 2014 Student Investment Fund kicko

meeting
David J. Moore, Ph.D.
California State University, Sacramento

September 15, 2014

Fund Overview

Team formation

Resources

Investment process overview

Overall structure

Table of Contents
1

Overview of the Fund

Overall structure
The progression
Interview results and sector assignments
Sector assignments
Adminstrative
Resources
Internal resources
External resources
Investment process overview
The process
Conclusion
Today & Next week

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

Overall structure

Structure

See Section 5 of the SIF Guidebook for investment policy

statement.

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

Conclusion

Overall structure

Portfolio managers

Two Stock Pitches per semester

Teach SA better understand the mechanics of the Fund
Maintain your industry analysis blog
Maintain excel spread sheet with the Comparable for your
industrys top 5 and bottom 5 companies
Prepare portfolio performance report to UEI

Fund Overview

Team formation

Resources

Investment process overview

Conclusion

Overall structure

Security Analysts
Assist PM in research, study, and growth of knowledge in
the sector
Shadow your PMs stock pitch with the pitch for that
companys main competitor
One stock pitch for promotion to PM (shadow pitch or
independent analysis)
Search for your own Intern to be recommended as SA
Monitor portfolio stock holdings in your industry and
prepare weekly report with the 2 4 bullet points from
the news on the main reasons related to your stocks
performance for that week
Assist PM with portfolio performance report to UEI

Fund Overview

Team formation

Resources

Investment process overview

Conclusion

Overall structure

Interns

Can work as much (or as little) as you want. Little work

reduces likelihood of SA in the future.
Assist SA/PM in research, study, and growth of
knowledge in the assign industry sector.
No stock pitches required. No course credit either.

Fund Overview

Team formation

Resources

Investment process overview

The progression

Table of Contents
1

Overview of the Fund

Overall structure
The progression
Interview results and sector assignments
Sector assignments
Adminstrative
Resources
Internal resources
External resources
Investment process overview
The process
Conclusion
Today & Next week

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

Conclusion

The progression

Phase I: In the beginning

Students

Interns

Security
Analysts

Knowledge transfer
Detailed lectures on stock analysis process
Minimal pitches
Security
Portfolio
Students
Interns
Analysts
Managers

Fund Overview

Team formation

Resources

Investment process overview

Conclusion

The progression

Phase II: Process development

Security
Students

Interns

Analysts

Knowledge transfer
Students

Interns

Security
Analysts

Portfolio
Managers

Knowledge transfer

Less detailed process lectures

Security
Portfolio
Sr. Portfolio
Students
PM
! SA Interns
! Intern
knowledge
transfer
Analysts
Managers
Managers
More pitches

Jobs
LP Capital
Deloitte & Touche
SSgA
CalPERS
Healthcare
consulting
Energy hedge fund
Safeway
investments

Fund Overview

Team formation

Resources

Conclusion

Knowledge transfer

The progression

Phase III: Process refinement

Security
Students

Investment process overview

Interns

Analysts

Portfolio
Managers

Knowledge transfer

Students

Interns

Security
Analysts

Portfolio
Managers

Sr. Portfolio
Managers

Jobs
LP Capital
Deloitte & Touche
SSgA
CalPERS
Healthcare
consulting
Energy hedge fund
Safeway
investments

Minimal lecture (overview and refinements only)

Sr. PM ! PM ! SA ! Intern knowledge transfer
Even more pitches

Fund Overview

Team formation

Resources

Investment process overview

Sector assignments

Table of Contents
1

Overview of the Fund

Overall structure
The progression
Interview results and sector assignments
Sector assignments
Adminstrative
Resources
Internal resources
External resources
Investment process overview
The process
Conclusion
Today & Next week

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

Sector assignments

Results and sector assignments

Results are available on the SIF website or

the Google Drive .
We need to fill in the Intern blanks.
Meet and greet
Relocate your seats by sector.
Introduce yourselves.
Exchange contact information
Identify outside class time availability

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

Adminstrative

Table of Contents
1

Overview of the Fund

Overall structure
The progression
Interview results and sector assignments
Sector assignments
Adminstrative
Resources
Internal resources
External resources
Investment process overview
The process
Conclusion
Today & Next week

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

Conclusion

Adminstrative

Administrative items
PMs and SAs need to fill out FIN special topics forms.
Dr. Vygodina, President Lopez: The
recruitment announcement mentions Student will
become a member of IIS (Institutional Investment
Society) or FMA (Financial Management Association).
Who are the ocers of those clubs?
When are the next elections?
When is the next meeting?
Is there a club website?

Webmeister: update student member page & figure out

how to setup access list for individual webpages (the
whole world doesnt need to see everything on our site).

Fund Overview

Team formation

Resources

Investment process overview

Internal resources

Table of Contents
1

Overview of the Fund

Overall structure
The progression
Interview results and sector assignments
Sector assignments
Adminstrative
Resources
Internal resources
External resources
Investment process overview
The process
Conclusion
Today & Next week

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

Conclusion

Internal resources

sifcsus.wordpress.com

Blog (news)
Sector assignments
Schedule (webmaster: will need you to update this once I
finalize it)
SIF GuideBook - fund operating policy and grading
Sector GuideBooks
Also: Tahoe Hall 2009 is our oce. It may be a good place to
keep preinted copies of reference material, run an R server, etc.

Fund Overview

Team formation

Resources

Investment process overview

Conclusion

Internal resources

Google Drive
Webmeister: update permissions for drive
Previous presentations
Reference material
Past screens, analysis, and pitches
Account statements (Performance: 1st assignment is scan
in latest account statements and generate transaction file)
Sector guidebooks
Outline for pitches and sector guidebooks
Historical foreign exchange rates (ADR: your first
assignment)

Fund Overview

Team formation

Resources

Investment process overview

Conclusion

Internal resources

www.ecientminds.com

Presentations - process & more.

My rpubs sister site - Basic performance measurement
and G-B analysis.
Links to YouTube videos.
News and Commentary.
Life.

Fund Overview

Team formation

Resources

Investment process overview

External resources

Table of Contents
1

Overview of the Fund

Overall structure
The progression
Interview results and sector assignments
Sector assignments
Adminstrative
Resources
Internal resources
External resources
Investment process overview
The process
Conclusion
Today & Next week

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

Conclusion

External resources

External websites
Morningstar.com - historical ratios for Fundamental
(G-B) analysis.
Zacks.com and Portfolio123.com - current financial
ratios for Quantitative analysis (JO screening).
Yahoo.com and Ycharts.com (no bueno ahora) Technical indicators.
Nasdaq.com - Analyst growth rate for GB analysis, and
Intuition. Also, look at insider transactions at some
point for Mosaic 3.0 (quality of insider transactions).

Fund Overview

Team formation

Resources

Investment process overview

The process

Table of Contents
1

Overview of the Fund

Overall structure
The progression
Interview results and sector assignments
Sector assignments
Adminstrative
Resources
Internal resources
External resources
Investment process overview
The process
Conclusion
Today & Next week

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

The process

Mosaic 2.0

Everyting Sample Mosaic 2.0 summary sheet .

Quantitative JO Screen
Fundamental Graham-Buett & DCF analysis.
Technical Mr. Morrison?
Intuition Score based on PM, SA, and Interns intuition.

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

Today & Next week

Table of Contents
1

Overview of the Fund

Overall structure
The progression
Interview results and sector assignments
Sector assignments
Adminstrative
Resources
Internal resources
External resources
Investment process overview
The process
Conclusion
Today & Next week

Conclusion

Fund Overview

Team formation

Resources

Investment process overview

Today & Next week

What did we learn & actions for next week

What did we learn
Structure
Progression
Investment process
Actions for next week
Webmeister: see items in this presentation
Performance: see items in this presentation
ADR: see items in this presentation
Everyone else: Quantitative (JO screens)
Me: Economy overview via Fed Model and Rule of 20

Conclusion