* Ethan Pan : Citi, Institutional Clients Group
* Erin Wilder: Citi, Global Markets
* Amy Zhao : The Vanguard Group, Portfolio Review Department
* Ivy Gluck : Brandywine Global Investment Management, Large Cap Value Team Product
* Tom Yi : Richmond Hill Investment, Value-investing hedge fund
* Judy Yeung: Jardine Matheson, Finance and General Services Department
The sharing session would be followed by a Q&A session.
As per the Bryn Mawr tradition the meeting started at 9:10 pm.
Kathy, our Bank treasurer, gave a brief market update. US stocks ended mostly at lower level with blue chips suffering fourth straight loss. While financial and health sector were main gainers, industrial sector declined. Also, shares of Apple increased by 3.8%, with record sale of 9 million new iphones last weekend.Another big news was about JP Morgan paying $920 million to the London Whale.
Then Laura, one of the members of Portfolio Mangement Team, did a stock pitch about Boeing, which was the first stock pitch of this academic year. Boeing is known for its manufacture of airplanes as well as for defense and space securuty systems. They made $60 billion dollars in the first quater of this year, which was the total amount of what they made last year. It’s major rival is Airbus and they both sold same amount of models in the Paris show. Considering it is active in two different sectors, Boeing might turn out to be a profitable addition to our portfolio.
After a quick question answer session about Boeing stock pitch, Bryce, our Portfolio Manager, talked about SCO. While UCO represents the price of crude oil, SCO is its inverse. The financial stats on SCO can be found in following website: ttp://finance.yahoo.com/q?s=SCO
Then, Dingwei, our President gave an interesting Investing 101 session about financial statements. We focused specifically on Income statement, which basically specifies financial result over a time period. More information on Income statement can be found in the following website: http://www.investopedia.com/terms/i/incomestatement.asp
Dingwei also informed everyone about our Annual Summer Internship Panel, which will take place next week October 2, 2013 at Taylor Hall.
The meeting ended at 9:50pm. See you next week at our Annual Summer Internship Panel!
“Please join us for our virtual information session on September 25, 2013 from 5:00pm – 6:00pm ET. Please use this link to register for the event. To access the session use the information below. ”
Time: 5:00 PM – 6:00 PM (Eastern)
Audience Event Link: http://video.webcasts.com/events/gold006/47129
We are pleased to announce the Adirondack Cup Competition Bryn Mawr Team for 2013-2014:
Dingwei Li ’15 (Team Leader)
Bryce Lewis ’16 (Assistant Team Leader)
Nkiruka Anizoba ’14
Erin Wilder ’14
Siyue Guo ’14
Ivy Gluck ’14
Yannan Li ’16
About Adirondack Cup:
Adirondack Funds operates the Adirondack Cup, an initiative through which college and graduate students from participating universities throughout New York and New England can create their own hypothetical small cap portfolio for six months. At the end of this time, the portfolio with the best return will win The Adirondack Cup.
See more information at: http://www.adirondackfunds.com/adirondack-cup/
Participants in the 2013/2014 challenge:
- Binghamton University
- State University of New York at Geneseo
- Buffalo State, The State University of New York
- State University of New York at Plattsburgh
- Clarkson University
- University at Albany
- State University of New York
- Hofstra University The College at Brockport
- State University of New York
- Ithaca College Union College
- Siena College
- Rochester Institute of Technology
- Bryn Mawr College
- St. John Fisher College
- The College of St. Rose
- St. Lawrence University
- Wesleyan University
Dear OIG members,
Thank you for attending our general meetings. We would really appreciate it if you could take a minute to fill out the Feedback Form below to let us know how we can improve our meetings in the future. Your suggestions and feedbacks are highly valued!
The meeting started at 9:10 pm. Cheers to Bryn Mawr time! Although from next week we will be starting our meetings at 9pm sharp.
Dingwei, our OIG president, gave a quick introduction about establishment of Owl Investment Group (OIG) in 1976. Then, the OIG executive board introduced themselves to the members. Following that, the general members introduced themselves as well and talked about their intent of joining OIG.
After that Dingwei went over the past events hosted by OIG such as Bryn Mawr Work series, which is also going to continue this year. She also talked about Bryn Mawr achieving sixth position in Adirondack Competition last year. Adirondack Cup is a competition whereby the participating teams will create their own hypothetical small cap portfolio for six months. The team with the best return in six months wins the cup. The Bryn Mawr team for this year’s Adirondack Competition will be announced soon.
Then Bryce, our Portfolio Manager, talked about Portfolio Management Team. Portfolio Management team basically manages the portfolio owned by Bryn Mawr. It is, in simple words, for the students and managed by the students. She talked about last year’s portfolio which consisted of 17 investments, out of which few were legacy investments. After a thorough cleaning of the portfolio, now our portfolio consists of only one investment-McDonalds and is worth around $126,000,a little more than last year. Then, the new Portfolio Management team for this year was announced. The team members introduced themselves and talked about their financial backgrounds.
After the announcement, Dingwei gave a brief market update, which showed S&P 500 and Dow had reached record high! As OIG invests in both domestic and international markets, everyone watched video about how markets might react to the Fed’s decision. Then Bryce informed everyone about Fed’s decision, which was delay in tapering quantitative easing.
As there were many new members present in the meetings, Dingwei and Bryce talked about the difference between bonds and stocks.You can know more about the difference by visiting this site: http://www.diffen.com/difference/Bond_vs_Stock
The meeting ended at 10 pm.
Congratulations to our new portfolio management team. See you all next Wednesday,9 pm sharp!
OIG’s annual Senior Career Panel will be tomorrow (04/18) in Taylor G at 10:00pm. The Panel will feature four impressive Mawrtyrs from the Class of 2013:
- Bianca Boranda who will be working as a Quantitative Financial Analyst at Chatham Financial;
- Wendy Huang who will be working as an Analyst at the UCF Group;
- Yulia Belyakova who will be working as an Analyst at The Analysis Group;
- Shuning Yan who will be working as an Associate at The Parthenon Group.
They will provide thorough insight into job applications and interviews and the paths they each took to get where they are going.
See you there!