Vice President Brian Hersman and Associate Dane Skillrud of JMI Equity gave an excellent presentation on the private equity industry. UCSD students who came were treated to a valuable insider's perspective on the industry as well as a clear explanation of the concept of private equity.
The Undergraduate Investment Society would like to thank Mr Hersman and Mr. Skillrud for sharing their knowledge and making our joint event with Alpha Kappa Psi a huge success.
Here are some highlights of the night: What is Private Equity? Associate Dane Skillrud of JMI Equity explains what exactly Private Equity is.
Creating a Private Market Vice President Brian Hersman of JMI Equity explains why Private Equity exists
Daily Operations Vice President Brian Hersman and Associate Dane Skillrud of JMI Equity explain what their job entails.
Advice for Students Vice President Brian Hersman and Associate Dane Skillrud of JMI Equity give advice for students wanting to enter the finance industry
In addition here are two slides that job seekers will find helpful and unfortunately were not covered due to time constraints. (Click to Enlarge)
UIS VP of Research and Education, Kamron Farman-Farmaian, gives a quick introduction to the world of private equity, to prepare us for the Private Equity Night hosted by UIS and AKPsi on Monday.
Asset Management with Emphasis on Private Equity
Mutual Funds- actively managed, liquid
Open Ended - Shares in fund are bought from the fund itself (Fidelity, Vanguard, T. Rowe)
Close Ended - Limited number of shares, ownership tradable amongst fund investors, but no new shares are distributed
Close Ended are generally better than Open ended funds
Open ended funds forced to sell if investors pull out
-- Presented by Alpha Kappa Psi and the Undergraduate Investment Society --
Join us to learn about the multi-billion dollar Private Equity industry from executives at JMI Equity, the #1 Private Equity firm in San Diego. Brian Hersman and Dane Skillrud will be presenting an overview of the current private equity industry as well as a specific case study based on the strategic analysis and day-to-day operations that private equity firms use to evaluate portfolio companies. This is an excellent opportunity to network as well as learn about the thriving industry from two seasoned professionals. Food and refreshments will also be provided.
-- About the Speakers --
Brian Hersman Mr. Hersman is currently the Vice President of JMI Equity. Prior to joining the Firm in 2008, Mr. Hersman was a Senior Associate at Vista Equity Partners and a Business Analyst at McKinsey & Company. Mr. Hersman graduated from Case Western Reserve University and the Harvard Business School.
Dane Skillrud Mr. Skillrud is an associate at JMI Equity. Prior to joining the Firm, Mr. Skillrud was an Analyst in the Corporate Strategy, Business Development and Technology Group at The Walt Disney Company.
We were very pleased to have Robert Marren come and speak at our general body meeting. He has been a long time supporter of UIS and his presentations have always been engaging and informative.
Background Information: Robert Marren graduated from UCSD in 1986 and received his MBA in finance from Duke University. He is currently the managing director and portfolio manager at Allianz (formerly Nicholas-Applegate), as well as the adviser of Student Foundation Investment Committee (SFIC).
Highlights from his presentation:
Endowments and Efficient Frontiers Robert Marren talks about the efficient frontier and how it helps him run the UCSD endowment.
Investing in Small Cap Stocks Marren explains his preference for small cap stocks.
Robert Marren's Research Process A description of the research process that Marren uses to beat the market.
Mortgage Crisis Explained Robert Marren explains the loose lending standards that contributed to the mortgage crisis
Goldman Sachs Controversy Marren gives his take on the Goldman Sachs controversy.
The Undergraduate Investment Society (UIS) is the premier student organization on finance at the University of California at San Diego. As an organization, UIS has been empowering UCSD students with financial knowledge since its inception in 2003.
We provide career-oriented education through financial seminars, networking events, and luncheons with financial executives from local companies. UIS also facilitates internships and promotes long-term relationships with potential employers by bringing professionals to UC San Diego as mentors and advisers
Come join us at our General Body Meetings on Wednesdays at 7PM.
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