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Babson College Fund

Babson College Fund. Rick Spillane, CFA March 6, 2014. Presentation Outline. 1. My Background 2. BCF 2013/2014 3. Investment Philosophy 4. Recruiting Strategy 5. Q+A. RPI, Chemical Engineer; Harvard MBA Eaton Vance Management, 1977-1987 Analyst and Portfolio Manager

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Babson College Fund

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  1. Babson College Fund Rick Spillane, CFA March 6, 2014

  2. Presentation Outline • 1. My Background • 2. BCF 2013/2014 • 3. Investment Philosophy • 4. Recruiting Strategy • 5. Q+A

  3. RPI, Chemical Engineer; Harvard MBA Eaton Vance Management, 1977-1987 Analyst and Portfolio Manager Fidelity Investments, 1988-2007 Analyst and Portfolio Manager Director of Research Chief Investment Officer (US and Europe) Head of Strategic Advisers (Fidelity’s RIA) BABSON FACULTY 2007-PRESENT My background

  4. What is BCF? • BCF runs a portion of the Babson Endowment • 23 Students (undergrads and MBA’s) • The objective is to beat the S+P500 • Long/ short portfolio of Equities • Fully invested (market timing not allowed) • Heavy Focus on investment analysis (stock picking) • MEETINGS ARE MONDAY NIGHTS 6:30 TO 9:00 PM • 6:30-7:30 Coaching session with Exec in Residence • 7:30-9:00 Portfolio overview and Stock Pitches • One Friday seminar per semester

  5. Executives in Residence • Warren Johnson, CFA • Hugh Crowther • Jim Spencer, CFA • Rick Mace • Charles Mangum • Chris Stix • Mike Dunn • PratimaAbichandani • Steve Petersen • Bill Ebsworth

  6. Investment Philosphy Market Timing High Style Timing Size Timing Impact On Return Sector Selection Stock Selection Low Probability Of Success Low High

  7. Sectors • Executive Portfolio Managers • Consumer • Financials • Basic Materials/Energy • Industrials • Healthcare • Utilities/Telecom • Technology • Quantitative/Risk Management

  8. What do you do? • Follow your sector closely • Buy and sell stocks in your sector • Work in a team of 1-3 other managers • Write 3 research reports per semester • Write a Semester Report/Sector Overview

  9. Why you should do this • You will learn a lot about fund management and stock analysis • You are investing REAL MONEY • You will work hard, but learn a lot • This is as close to real world investment management as possible • You earn class credits for two semesters • Enhanced Job Prospects in the Finance Industry

  10. Recruiting Approach • Designed to “even out” the number of students on the fund during the year so everyone does not stop and start at the same time • Fall: recruit 2 year MBA’s, Junior Undergrads with a December graduation date, Evening MBA’s • Spring: Junior Undergrads with a May graduation date and Evening MBA’s • Summer: One Year MBA’s

  11. Key dates • Spring • Info session March 7 • Applications due April 4 • Interviews April 11

  12. Application Process • Application on BCF Website • http://cutler.babson.edu/babsoncollegefund/BCFApply.aspx • Send to Karl Honerlow by FridayApril 4 at noon. • Interviews on Friday April 11 • Overseas interviews done via Skype • You start immediately • NOTE: You must take or have taken FIN 7503 (Equities) if you are an MBA student!!

  13. Questions???

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