Anderson Student Asset Management
Anderson Student Asset Management logo

The Anderson Student Asset Management (ASAM or the Fund) is an investment fund that aims to:

- Provide a competitive rate of risk-adjusted return to its investors
- Enhance the educational and professional opportunities of MBA students from the UCLA Anderson School of Management through experiential learning

A portion of the long-term profits of the fund will be donated to the UCLA Anderson School of Management for support in student scholarships and for support of research in finance.

 

ASAM Portfolio Managers

 
Naqi Jaffery

Naqi Jaffery     

FEMBA '19

Frank Mihail

FEMBA '18

Doug Paulus

Doug Paulus

FEMBA '19

Quang Ngu

Quang Ngu

FEMBA '18

Joyce Truong

Joyce Truong

MBA '18

Alex Wallach

Alex Wallach

FEMBA '19

Kunjan Sobhani

Kunjan Sobhani

FEMBA '19

Janelle Zhu

Janelle Zhu

MBA '18

Gaurav Singh

Gaurav Singh

FEMBA '18

Jung Shin

Jung Shin

FEMBA '19

Eugene Wu

FEMBA '19

Daniel Lee

Daniel Lee

FEMBA '18

Zhenhua Gong

Zhenhua Gong

FEMBA '19

Brent Josephson

FEMBA '19

Pramol Dhawan

Pramol Dhawan

FEMBA '18

Weipeng Lu

Weipeng Lu

FEMBA '19

 

Faculty Advisor

 
mark grinblatt

Faculty Advisor, Mark Grinblatt

Distinguished Professor of Finance; Japan Alumni Chair in International Finance

After graduate studies at Yale University, Mark Grinblatt joined the professoriate at the UCLA Anderson School of Management in 1981. He now holds the Japan Alumni Chair in International Finance and the title of Distinguished Professor.

He is the author of a textbook and about 50 research articles. The research covers a wide range of theoretical and empirical areas, including asset pricing, derivatives, performance evaluation, asymmetric information, security design, event studies, behavioral finance and household finance.

He is a noted teacher, having won several teaching awards, and is the proud thesis chairman of 13 doctoral dissertations. He currently serves as an advisory editor to several journals and as a member of both the executive committee and board of directors of the National Bureau of Economic Research.

Grinblatt serves on the board of the Foundation for the Advancement of Research in Financial Economics. In the past, he has been vice-president, program chairman and president of the Western Finance Association, senior associate dean and director of the UCLA Anderson Ph.D. program and a board member of both the American Finance Association and Citi Swapco Inc.

Education

Ph.D. Economics, 1982, Yale University
M.Phil. 1979, Yale University
M.A. 1978, Yale University
A.B. Mathematics and Economics, 1977, University of Michigan

 

Investment Philosophy

 

The objective of the Fund is the preservation of capital and the pursuit of favorable risk-adjusted returns. The student portfolio managers work as a team, adhering to the stated investment policies and limits, to strive for superior long-term performance.

The Fund seeks to achieve its objectives through a diversified portfolio of securities that meet the fundamental and technical specifications adopted by its managers. The Fund's managers believe that, in a dynamic market, security prices sometimes violate sensible risk/return boundaries. The Fund seeks to identify and exploit these opportunities through large-sample quantitative techniques and detailed fundamental analysis of specific companies. Student portfolio managers leverage the research and analytical capabilities provided by the UCLA Anderson finance faculty. Particular emphasis is given to investment strategies that have demonstrated their validity in academic research.

The student portfolio managers, along with their advisor and oversight committee, determine an optimal mix of equity, fixed income and cash investments. Subject to minimum liquidity requirements, the Fund may hold the stock of any publicly traded U.S. firm on an approved list of stocks selected in consultation with the faculty advisor.

To avoid systematic risk from individual securities, the student portfolio managers establish maximum position limits. The Fund is prudently diversified to avoid the undue risk inherent in concentrations in any single economic sector, industry group or individual security.

The student portfolio managers, in consultation with the oversight committee, select a benchmark for each strategy in the Fund that reflects the asset allocation decision.

 

Contact Us

 

Mailing address:
The Anderson School at UCLA
110 Westwood Plaza, Suite C413
Box 951481
Los Angeles, CA 90095-1481

Directions to the Anderson School

For inquiries regarding the Anderson Student Asset Management Fellowship, please call Mark Grinblatt, Professor of Finance, at (310) 825-1098.

For inquiries regarding ASAM in general, please contact Naqi Jaffery, President, Class of 2019, at naqi.jaffery.2019@anderson.ucla.edu.

For inquiries about recruiting of new class, please contact Doug Paulus, Vice President, Internal, Class of 2019, at douglas.paulus.2019@anderson.ucla.edu.

If you would like to be a guest speaker, please contact Frank Mihail, Vice President, External, Class of 2018, at frank.mihail.2018@anderson.ucla.edu.

 

Recruiting

 

Each year, in January, up to 20 students are selected to become student-managers of the Fund and act as portfolio managers during the five-quarter period starting in the spring quarter of that year. A presentation will be scheduled during the fall quarter for interested students. For inquiries about the recruiting of a new class, please contact Doug Paulus.

 

Fund Strategies

 

June 2016 – May 2017

Asset Growth Strategy
Gross Profitability/Percent Accruals
Risk Parity
Value and Momentum

Past Strategies

Analyst Bias
Gross Profitability
Tactical Asset Allocation (TAA)
F-Score

 

Guest Speakers

 

Howard Wang, Managing Director at Ares Management

Jeff Runyan, Managing Member at Runyan Capital Advisors

Paul Hechmer, CIO and Managing Member at del Rey Global Investors

John Loh, Managing Director at Guggenheim Partners Professor

David Aboody, UCLA Anderson School of Management

 

Firm Visits

 

Rimrock Capital Management, LLC

Guggenheim Partners

Los Angeles Capital Management

Western Asset Management

TCW