2013 Past Events

Dialogue with Harry Markowitz: Conference on Opportunities and Challenges Applying Financial Techniques During a Crisis

On Wednesday, September 25th, 2013, The UCLA Fink Center for Finance & Investments in partnership with the Directors Roundtable held a Conference featuring a dialogue with Nobel Laureate Harry Markowitz: Opportunities & Challenges in Applying Financial Techniques during a Crisis.

  

The event was attended by over 300 finance students, alumni, faculty, and investment professionals and began with a reception in the Marion Anderson Courtyard.  Following this networking opportunity, the conference program ran from 6-8pm in Anderson's Korn Convocation Hall.  Distinguished speakers spoke about what caused the recent market crisis and provided valuable insights for combining theory and practice for more successful results in challenging markets.  The Roundtable included discussion topics on stocks, bonds & derivatives; modern portfolio theory; mark-to-market; Black-Scholes; real estate; M&A; bankruptcy claims; and litigation.

» AGENDA

5:00 p.m. REGISTRATION Marion Anderson Courtyard
A light stand-up dinner and an opportunity to network will be provided

6:00 - 6.05 p.m. CONFERENCE WELCOME Korn Convocation Hall
Ivo Welch | Faculty Director of the Fink Center for Finance & Investments and J. Fred Weston Distinguished Professor of Finance

6:05 - 7:00 p.m. KEYNOTE SPEECH
Harry Markowitz | Nobel Laureate in Economics; Principal, Harry Markowitz Company

7:00 - 8:00 p.m. ROUNDTABLE DISCUSSION
Harry Markowitz | Nobel Laureate in Economics; Principal, Harry Markowitz Company

Richard Roll | Distinguished Professor, Joel Fried Chair in Applied Finance

Peter Gilhuly | Partner, Latham & Watkins LLP: Manager West Coast Insolvency Practice

David Mordecai, Ph.D. | President, Risk Economics, Inc. and Senior Advisor, Compass Lexecon

Anil Suri | CIO of Multi-Asset Class Modeled Solutions & Head of Investment Analytics, Merrill Lynch Wealth Management

Moderator: Jack Friedman | Chairman, Directors Roundtable

Private Equity Roundtable

On March 13th, 2012 UCLA held its annual Private Equity Roundtable at the Hyatt Regency Century Plaza.  The event brought together over 100 individuals, to discuss the state of private equity today.  The event began with a cocktail reception where students mingled with over 60 industry professionals coming from the top private equity shops in southern California.  This reception was followed by a keynote discussion by Robert (Bob) Sinnott, President & CEO, Kayne Anderson Capital Partners, and moderated by Al Osborne, Senior Associate Dean of UCLA Anderson. Bob talked about how he entered into private equity and how he joined Kayne Anderson.  He spoke about Kayne Anderson’s aversion to leverage in the oil and gas space and about how they like to compete where Wall Street isn’t looking for them – a strategy that has helped them succeed in earning great returns on their investments.  Finally, he gave advice on how to choose a firm and advised that the right culture was one of the most important aspects of fit.   The evening concluded with 3 roundtable sessions.  Students got the opportunity to speak with industry professionals at intimate table settings for 15 minutes before moving on to the next table. This event is an annual event hosted by the Fink Center for Finance and Investments and the Investment Finance Association club at UCLA Anderson.

Companies in attendance included:

Ares Management

Aurora Capital Group

Babson Capital

Balmoral Advisors

Brentwood Associates

Caltius Equity Partners

Caltius Mezzanine

Creo Capital Partners

Energy Capital Partners

Freeman Spogli & Co.

General Atlantic

Kayne Anderson Capital

Leonard Green & Partners

Levine Leichtman Capital Partners

NewStone Capital

OpenGate Capital

Pasadena Capital

Pegasus Management

Shamrock Capital Advisors

Signature Capital Partners

Skyview Capital

The Carlyle Group

The Riverside Company

Vicente Capital

Vintage Capital Group

 

Fink Center Stock Pitch Competition

On Friday, February 22nd, UCLA Fink Center held its 2nd annual Fink Center AIA Stock Pitch Competition that brought together 12 teams from the top MBA programs across the country.  The teams included: UCLA Anderson School of Business, Chicago Booth School of Business, Columbia Business School, UVA Darden School of Business, Duke University Fuqua School of Business, UC Haas School of Business, Indiana University Kelly School of Business, Richard

Ivey School of Business, Michigan Ross School of Business, MIT Sloan School of Management, University of Rochester Simon Graduate School of Business, and USC Marshall School of Business.  The full day competition was split into two rounds, a first round in the morning and a final round in the afternoon.  During the morning rounds teams competed simultaneously in 4 rooms and pitched a long or short stock that they chose from a list of 20.  Each room was judged by two industry professionals and the finals were judged by 5 industry professionals.  Judges came from top finance firms including: PIMCO, TCW, DoubleLine, HighMark Capital, UCLA Investment Company, Research Affiliates, MAZE Investments, and Anderson.  Teams were randomly assigned presentation time and room, and the best team from each of the 4 morning rooms was chosen to proceed to the finals.  During lunch, as judges deliberated, students enjoyed a keynote speech by Joel Fried, President and Director of PRIMECAP Management Company.   Joel spoke about his start in investment management and how he thought he was so lucky to be paid for what he loved to do.  He spoke about market crises and the ups and downs that come with working in the business.  Finally, he gave students advice on how to pick the best stocks and spoke about a stock - an LED light manufacturer and an industry sector - pharmaceuticals that he likes right now.

The finals included 4 teams (UCLA, Ivey, Columbia, and Haas) presenting their buy or sell recommendation on Tesla in front of the judges and a 50 person audience.  Teams presented their analyses on the company for 20 minutes followed by 25 minutes for questioning by the judges.  Each team did an excellent job, and the final awards were:

1st Place: UCLA Anderson - Team GreenRock - $5,000

2nd Place: Richard Ivey School of Business - Team IV Associates - $3,000

 3rd Place: Columbia - Team Number Crunchers - $2,000  

The event concluded with a reception celebration where winning teams were awarded their prize by the Fink Center.

    

The Financial Implications of Going Green

The Institute’s Corporate Partners Program, in collaboration with the UCLA Anderson School of Management’s Fink Center for Finance & Investments, hosted a symposium on the economics of environmental corporate practices on Jan. 16 at Korn Convocation Hall.

By Karen A. Lefkowitz
Communications Officer

The link between financial success and social responsibility is of increasing significance—not simply to business executives, their employees, and clients, but also scholars and the general public. A company’s commitment to caring about the planet and its populace is a thought-provoking matter warranting review.  Two campus units, who are authorities in this area, partnered to present a conference on finance and sustainability.

The symposium commenced with a report on labor productivity at green firms by environmental economist Magali Delmas, a faculty member with the Institute of the Environment and Sustainability and the Anderson School of Management.  Her talk concentrated on the relationship between environmental and social strategies and financial performance.  Professor Delmas highlighted her research on the implementation of environmental and social practices and the resulting increase in labor productivity. She provided real-world examples of this adoption in action, identifying Clif Bar, Adobe, Patagonia, and Timberland as organizations that have yielded positive outcomes as a result of their sustainability initiatives.

Professor Delmas shared the Chartered Institute for Personnel and Development’s declaration that “Green initiatives are being held in high regard by firms’ employees, and as a result have become a key battleground in the war for talent.”

High-level senior executives from businesses with notable corporate responsibility records were part of a panel discussion.  The featured speakers were David Hendler, Senior Executive Vice President and Chief Financial Officer, Sony Pictures Entertainment (SPE), Eric Johnson, Vice President of Capital Projects, Roll Global, and John Lemmex, Chief Financial Officer, Bayer MaterialScience.

Hendler demonstrated how golden Hollywood goes “green.” Citing examples from SPE feature film and television properties, the presentation emphasized that “actions are greener than words.” SPE incorporates eco-conscious practices into how they produce their entertainment through defined carbon emission and zero waste goals, green production policies and packaging, and employee engagement.

Johnson began his talk by noting the company’s principle of “Doing well by doing good.” Roll Global is a private international corporation with a focus on healthy products. Their brands include Fiji Water and POM Wonderful. The talk chronicled Roll Global’s sustainable projects such as setting up solar panels and installing fuel cells at sites throughout California.

Bayer’s Lemmex gave an overview of his organization and discussed their sustainability strategies. Bayer is a global enterprise and inventor company with competencies in the fields of health care, agriculture, and high-tech materials. The company’s sustainable initiatives are divided into three categories: application innovation, responsible operations, and life-cycle stewardship.  Their efforts include utilizing renewable energy sources and renovating buildings to meet LEED (Leadership in Energy and Environmental Design) standards. 

Bill Kurtz of Bloom Energy delivered the concluding keynote address that focused on the financial benefits of fuel cells. Bloom Energy is the leading manufacturer of solid oxide fuel cells. This technology generates clean, highly-efficient power onsite from a wide variety of fuel sources.

The event closed with a cocktail reception that facilitated further discussion on the topics addressed during the conference. With an eye on sustainability and the future, it is hoped these examples of corporate environmental policy, and the positive results they yield, embolden other corporate entities to make a concrete commitment to the planet.

 

The Corporate Partners Program