2006 Student Portfolio Managers

 ASAM 2006 Class

Albert W. Tsao

Albert is an investment advisor at Merrill Lynch?s Private Banking and Investment Group where he works with high net worth individuals and families. Prior to joining Merrill Lynch in 2000, he worked at Goldman Sachs as a Financial Analyst in the Wealth Management Division. After graduating magna cum laude with a BA in Political Science from UCLA, he worked for SCA Consulting, LLC, focusing on value-based management and performance measurement. Albert holds the CFA designation and is a member of the Los Angeles Society of Financial Analysts. In his spare time, he enjoys watching almost any athletic competition, playing tournament poker, skiing during in the winter season, and hanging out with his wife.

 

Arthur Hovsepian

Arthur is a Trader on the Global desk at Payden & Rygel, an independently owned investment management firm in Los Angeles. He is primarily responsible for currency trading but also trades Global Fixed Income products. Arthur joined Payden & Rygel with a diverse background in the capital markets arena, having previously worked at PIMCO, JPMorgan and Merrill Lynch. He received his Bachelor?s degree in Economics & Statistics from University College London and is currently a CFA level II candidate. In his spare time Arthur enjoys spending time with his wife and son, playing the guitar, playing sports and following English soccer.

 

Betty Chen

Betty Chen is a Manager in the Southern California Consulting Group for Moss Adams LLP. She works in the business valuations unit, analyzing and valuing operating companies, asset-holding companies, and limited liability corporations. Client valuations are completed for a variety of purposes, including potential sale and acquisition, financing, litigation support, financial reporting, fairness determination, tax-related issues, and corporate and estate planning. Prior to joining Moss Adams, she was a performance analyst at Asset Strategy Consulting, LLC, an investment consulting company catering to fund sponsors and investment managers. At Asset Strategy, Betty analyzed domestic and international investment portfolios including measuring performance attributions and investment characteristics. She received a Bachelor?s of Science in hotel management from Cornell University and holds the Chartered Financial Analyst (CFA) and American Society of Appraisers? Accredited Member (AM) designations. Betty is currently focusing on finance while at Anderson.

 

Daphne D. Kelley

Daphne is the Derivatives and Hedging Manager at Toyota Financial Services and is responsible for the valuations and hedge accounting treatment of an $80 billion debt and derivatives portfolio. Daphne also assists the funding and risk management groups to develop methodologies and models to analyze proposed deal structures, which has resulted in an increase in types of structures by 30%. Daphne also performs discounted cash flow analyses and applies appropriate finance theories to value debt and derivatives. She utilized a DV01 approach that mitigated hedging volatility by 78%. Daphne has also served as a financial planning and reporting supervisor at Toyota Financial Services and Toyota Motor Sales. While in these roles, she developed the Gross Profit Plan for the company in addition to completing SEC forms (10Q, 10K) and authoring comment letters to the FASB. Prior to joining Toyota in 1998, Daphne was with Ernst & Young, LLP, most recently as Senior Associate in the Financial Services and Insurance Industries. Daphne graduated from the Haas School of Business at the University of California at Berkeley with a BS in Business Administration in 1995 and is a Certified Public Accountant.

 

Daniel Jacobsen

Dan is a full time MBA candidate at the UCLA Anderson School of Management. He received his A.B. in Economics from Stanford University in 1998. Following his undergraduate studies, Dan moved to New York to join The Transportation Group, a boutique investment bank specializing in cross-border leveraged lease transactions of aircraft and rail stock. In 2000, Dan moved to Seaport Capital, a private equity firm with over $400 million under management. Dan evaluated potential transactions for the firm in media, communications and business services. He helped to close investments in six portfolio companies while at Seaport, and continued after the investment to work with those companies at the board level to help them reach their strategic and financial goals. In the summer of 2005, Dan will be working at Dalton Investments in Los Angeles in the Global High Yield/Distressed Debt fund. Dan enjoys travel and team sports in his free time.

 

David Speaker

Dave's eclectic background includes his current position as an engineering manager at the Raytheon Corporation, a position on the board of directors of a start-up software company, and experience in the entertainment industry. Currently Dave manages a group of 30 engineers providing thermal and structural analysis of advanced radar programs. In this capacity, he is responsible for internal customer interface, employee development, budget/schedule bids, process improvement, and technical evaluation of troubled programs. Concurrently, he is on the board of directors of D/Analytix Corporation - a small software company attempting to exploit a niche market in the structural engineering field. In the past, Dave worked in the entertainment industry where he appeared in episodes of 'Seinfeld' and produced his own movie 'Ring of Steel.' In his spare time (which there isn?t much of at this point!), Dave likes reading, working out, traveling and drinking good Champagne.
 

Howard C. Shen

Howard Shen joins ASAM as part of the FEMBA Class of 2007. He currently works on the trading desk at an asset management firm in Santa Monica, servicing retail clients invested in various US equity products. Prior to this, he worked at The Capital Group Companies, where he helped portfolio managers develop asset allocation strategies for institutional clients. He began his career as a performance analyst at Wilshire Associates. Howard received a BS in Finance from California Polytechnic State University, San Luis Obispo, and earned his CFA charter in 1999.

Howard H. Wang

Howard is a Senior Analyst at Ares Management, LLC, an independent Los Angeles based investment management firm, and is focused on the Capital Markets Group?s investment activities related to the gaming, lodging, leisure and restaurant industries. Prior to joining Ares in 2000, Howard was with PricewaterhouseCoopers LLP, most recently as a Senior Associate in the Assurance and Business Advisory Services Group with responsibilities of directing financial evaluations of clients across a variety of industries including investment management, real estate and non-profit organizations. Howard graduated from the Haas School of Business at the University of California at Berkeley with a BS in Business Administration in 1997 and is a Certified Public Accountant. He is currently a member of UCLA's Fully Employed MBA class of 2007.

Josh Neumann Josh is a full time 2006 MBA candidate at the UCLA Anderson School of Management. Josh received his B.S. in Business Administration from the Haas School of Business at UC Berkeley in 1998. While at Haas, Josh spent a year abroad in Chile where he studied Spanish and International Business at Pontificia Universidad Catolica de Chile. Following undergraduate studies, Josh joined HSBC Securities on their global analyst program where he worked in various roles including Debt Capital Markets in New York, Corporate Finance in Tokyo, and Real Estate and infrastructure investment in London. Since 2002, Josh worked for HSBC Specialist Investments in London, a niche private equity group where he structured, marketed and sold specialist institutional investment funds. In the summer of 2005, Josh worked at Kayne Anderson Capital Advisors in Los Angeles in the Rate of Return group where he focused on debt and equity investment opportunities. In his spare time, Josh enjoys to playing golf and poker, and traveling.

Matthew Gregory

Matt is a full-time MBA student in the class of 2006 at the UCLA Anderson School of Management. Prior to attending Anderson, he was a senior analyst/portfolio manager in the high-yield bank loan group at Franklin Templeton Investments, where he was responsible for covering credits in the publishing, entertainment and commercial services industries. He earned a BA degree in Economics from Stanford University, where he served as managing editor of The Stanford Daily. Matt also holds the Chartered Financial Analyst (CFA) designation, and is a member of the CFA Institute and Los Angeles Society of Financial Analysts. In his spare time he enjoys sailing, kayaking and skiing.

Philip Lee

Philip is a FEMBA 2006 and currently works for Oracle Corporation as a project leader in enterprise business application development. He played a key role in the launch of Oracle's first e-Commerce and health care software products. Philip graduated from Universidad CAECE in Buenos Aires, Argentina and received a BS in Computer Science and went on to earn a MS in Computer Science from UC Santa Barbara. He is focusing on finance while at Anderson and passed CFA Level I exam in 2004. Philip is fluent in Spanish and Korean and enjoys to read, travel, and watch movies.

P.J. DuWors

P.J. began the Fully Employed MBA program at UCLA Anderson while working as a Satellite Operations Engineer for Northrop Grumman Space Technology. In this role, he was responsible for providing on-console support during satellite launches and early orbit testing, analyzing subsystem performance, and leading anomaly investigations. P.J. left his job in May 2005, after nearly four years of service, in order to pursue a Sales and Trading Summer Associate opportunity with Lehman Brothers. P.J. graduated from the University of Notre Dame in 2001 with a B.S. in Mechanical Engineering. He enjoys playing various sports, traveling, and investing. P.J. is concentrating on Finance at UCLA Anderson and will graduate in 2006.

Scott Patrick Warner

Prior the Anderson School, Scott spent three years as a financial analyst in the investment management division of Goldman, Sachs & Co. In this role, Scott served as the co-head of investments for a team specializing in discretionary portfolio management for high net worth families, individuals, and foundations. Scott has both his series 7 and 66 certifications. Scott graduated from UCLA in 2001 and received a BA in Business-Economics. Scott's interests include surfing, basketball and volleyball.

Turan Malhotra

Tarun is a full time MBA student in the class of 2006. He received his B.S. degree in Computer Engineering from Pune University in 1996. In his first job as a software engineer in Bombay, Tarun designed and implemented Enterprise (SAP R/3) software solutions for GE Aircraft Engines(Wales). He moved to the United States in 1998 when he was offered a consulting role with a reputable SAP R/3 implementation firm in Silicon Valley. During this time, Tarun worked at various client sites designing customized solutions, working with teams on business critical projects, and advising clients on the best approach to achieving data integration and information flows. His most notable assignment was working as part of a team on a $10 million SAP R/3 implementation at Oklahoma Gas & Electric. Because of his good work there he was asked to assist with the second phase of this implementation a year later. Tarun has been an ardent follower of the U.S equity markets for 7 years. He has actively managed a personal portfolio of stocks employing various technical strategies. Further, he has extensively employed Options as instruments to hedge his investments. Tarun?s goal is to be a part of a dynamic investment management team. He is a CFA Level 1 candidate.

Venkat Balakrishnan

Venkat has 10 years of experience in the IT industry, writing software applications primarily for financial industries. He is currently working as a senior software architect at Argent mortgage, a subsidiary of Ameriquest Capital Corporation. Venkat holds a BS in Mechanical Engineering and a MS in Industrial Engineering. Currently Venkat is concentrating in Finance at The UCLA Anderson School of Management and is planning to take CFA Level 1 exam in Dec 2005. In his spare time, Venkat is trying to learn and contribute to the open source software technologies.