Fink Center for Finance & Investments

 

We connect students, alumni, faculty and the investment community to transform fundamental knowledge into applicable practices that benefit the finance and investment industries.

Larry Fink

How the Fink Center Works

 

The Fink Center sponsors a variety of activities that make students the focus and spread influence to our faculty, industry connections and alumni.

Fink Center UCLA Anderson

Fink Events

Flagship Events


Fink Center Stock Pitch Competition

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Private Equity Roundtable

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Fink Investing Conference

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Fink Center Credit Pitch Competition

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The Fink Center sponsors and hosts numerous other talks and conferences throughout the year.
If you would like to partner with the Fink Center on an event, please contact fink.center@anderson.ucla.edu.

Recent Event Spotlights

2017 Credit Pitch Competition

The inaugural two-phased portfolio management and credit pitch competition

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How to Launch a Fund 101

Led by Art Brown, David C. Fisher, and Timothy Spangler

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Private Equity Roundtable

Moderated by: Jeffry Brown ('81)
Chairman
RueOne Investments

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News

 
UCLA Anderson Back-to-Back ACG Cup Champions

Defending the Title

"Expectations were high when Jeremy Mau (’17) and I decided to enter the 2017 ACG Cup to defend the title for UCLA Anderson: In 2016 Jeremy and UCLA Anderson classmates David Shin (’17) and Kyle Patterson (’17) claimed the hard-won prize. With my teammate determined to win the cup back-to-back — which has never been done before — and having interned with the competition’s main sponsor, Houlihan Lokey, I knew there could be no slip-ups or hesitation if we wanted to bring the cup back home."

UCLA Anderson wins Fink Stock Pitch Competition

J^2 Capital, featuring Jarrid Johnston ('19) and Justin Phillips (’18), takes first place at the Fink Stock Pitch Competition.

"Tempering our apprehension, we knew it was game time."

View Justin's Blog Post

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Laurence D. Fink Corporate Governance Letter 2017

On January 24, 2017, Larry Fink released his 2017 Letter to CEOs. Fink's letter discusses reevaluating assumptions due to the changes occurring throughout the global economy (i.e. Brexit, President Trump's new policies) and how to continue to think long-term.

UCLA Anderson Students Visit Berkshire Hathaway and Meet the Oracle of Omaha

On January 22nd, select students from Anderson, including myself, were invited to attend a Q&A with Warren Buffett in Omaha, Nebraska. This was a once in a lifetime opportunity to meet with the Oracle of Omaha, and he did not disappoint; he answered all the questions with such immense intelligence, wit, and charm, it was sometimes hard to believe his 85 years, but easy to understand how he has become one of the most successful investors of all time.

In Buffett’s view, the luckiest person in the world is the baby being born today. He compared the real GDP per capita of when he was born in 1930 to today, which has increased six-fold in that time. Therefore, each person living today has a better standard of living than John D. Rockefeller, when you factor in access to medicine, technology, etc.

Buffett also imparted his view that it is best to invest money over the long-run, buying good businesses, rather than worrying about what will happen to the stock market in two years, and then donate most of it at the end – in order to maximize wealth and then distribute it. Considering that Buffett is well known for his philanthropy, this was hardly surprising that he would advise this.

However the most surprising and resonating comment from the Oracle was that, in his opinion, the best decision he every made was when he married his wife. He spoke in length about the importance of personal happiness and well-being, and nostalgically quoted “Success is getting what you want. Happiness is wanting what you get.”

That being said, as our lunch concluded, photos were taken, and Buffett prepared himself to leave the room he left us with these words “Buy low. Sell high”, and with a cheeky grin, he waved goodbye.

-Rebecca Bilek-Chee, MBA '16

Anderson Students Meeting the Oracle of Omaha

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Laurence D. Fink receives UCLA Medal, the campus's highest honor

Laurence D. Fink, chairman and CEO of BlackRock and Founder of the Laurence and Lori Fink Center for Finance and Investments, was awarded the UCLA Medal, the campus’s highest honor, in recognition of his service to the community and his legendary career in business and finance.

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Anderson Professors of Finance, Antonio Bernardo and Ivo Welch, co-publish articles titled "Designing Corporate Bailouts" and "Contracting Externalities and Mandatory Menus in the U.S. Bankruptcy Code"  

In the past two years, Professor of Finance, Antonio Bernardo, and Distinguished Professor of Finance and J. Fred Weston Professor of Finance, Ivo Welch, have co-published two articles that have been featured in the Journal of Law, Economics, and Organization and the Journal of Law and Economics.  

Abstract: Common economic wisdom suggests that government bailouts are inefficient because they reduce incentives to avoid failure and induce excessive entry by marginal firms counting on future bailouts. Our model shows how governments can design tax-financed corporate bailouts to avoid these distortions and points to the causes of inefficiencies in real-world implementations, such as TARP.

Read "Designing Corporate Bailouts"

Abstract: Our article offers the first justification for the US bankruptcy code, in which firms are not allowed to commit themselves ex ante in their lending agreements either to (Chapter 7) liquidation or to (Chapter 11) reorganization in case of distress ex post. If fire-sale liquidation imposes negative externalities on their peers, then firms can be collectively better off if they are all forced into a no-opt-out choice (a mandatory “menu”). This is the case even though they would individually want to commit themselves to liquidation, and it is collectively better for them than voluntary contract choice or mandatory liquidation. Our article’s innovation is thus to show not when a later choice should be prohibited, but when a later choice should be mandatory. Equivalent analyses could justify when other ex post choices should remain inalienable (not contractible).

Read "Contracting Externalities and Mandatory Menus in the U.S. Bankruptcy Code"

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