To further build the group, an advisory board of faculty and alumni was created to combine both academic and “street” insight to be used in evaluating the group’s investment proposals, as well as to help guide the direction of the overall group. The advisory board is comprised of the following distinguished Alumni and School of Business faculty:
Richard Bleser, BA ’04
Rick is the Director of Research for Berkshire Bank Wealth Management, and also manages investment portfolios, assists with trading and performs analytical duties on both the fixed income and equity sides. Rick was previously at Meridian Capital Partners, Inc., where he was responsible for macroeconomic, S&P 500 and hedge fund analysis. Prior to Meridian, Rick was an equity analyst with Paradigm Capital Management, Inc., where his responsibilities included generation of long and short investment ideas in the small-cap specialty retail, leisure and technology distribution sectors. He began his career as a client analyst with The Ayco Co., a Goldman Sachs Co. Rick holds a B.S. degree in Economics and Business Administration from the State University of New York at Albany.
Michael Carmen, BS ’84, MBA, CFA
Michael is a Partner and Senior Vice President at Wellington Management Company LLP. After starting out in auditing, Michael entered the investment management business at Sanford C. Bernstein. He joined Wellington in 2000, and now manages a number of growth-oriented portfolios, including mutual funds, institutional accounts and hedge funds. Michael brings immense knowledge and experience to the group, and keeps students disciplined in considering the valuation where their views differ from consensus.
DeForest Hinman, BA ’05
Enrolled in the Financial Analyst Program during its early stages, DeForest graduated Summa Cum Laude from the School of Business at the University at Albany. After interning at Paradigm Capital Management in 2005, he went back to work full-time as a research analyst. In 2007, DeForest left Paradigm to become a partner in Walthausen & Co., a small-cap value investment management company. He currently is a research analyst for both the small-cap value fund, and small-mid cap value fund. He regularly teaches seminars in security analysis, research, and financial modeling to members of UASBIG. DeForest brings an abundance of knowledge about security selection and modeling, as well as great industry insight.
George Philip, BA ’69, MA ’73
Mr. Philip was the 18th president of the University at Albany, serving from 2009-2013. President Philip serves on the UASBIG Advisory Board as the representative of the UAlbany Foundation Board. The student-analysts are honored that even after his retirement from UAlbany, President Philip’s loyalty to our institution is evidenced in his strong support for our student-managed investment fund. Prior to this appointment as UAlbany’s President, Mr. Philip served as executive director of the New York State Teachers’ Retirement System since 1995 and as chief investment officer for the system since 1992. In addition to his UAlbany degrees, President Philip earned a J.D. degree from Western New England College School of Law in Springfield, Massachusetts.
Matt Reiner, CFA, MBA
Matt started his investment career in 1994 as a sell-side research associate with CL King & Associates. He served as Senior Analyst, Vice President and Portfolio Manager for CL King’s Investment Advisory business, Paradigm Capital Management from 1998-2004. In February 2005, Matt joined Adirondack Funds, where he is currently a Portfolio Manager. He co-manages the Adirondack Small-Cap Fund, which has received Morningstar’s highest rating over the past three years. Matt brings great knowledge of the field, as well as outside-the-box thinking, and enthusiasm to the group.
David M. Smith, Ph.D. 1989, CFA, CMA
Professor Smith received his Ph.D. from Virginia Tech in 1989. He has received the President’s and Chancellor’s Awards for Excellence in Teaching. An active member of the CFA Institute, he also encourages and advises School of Business students wishing to enroll in the CFA Program. A well-published author, his teaching and research interests include corporate finance and investments.
Hany A. Shawky, Ph.D. 1978
Professor Shawky received his Ph.D. from Ohio State University in 1978. His principal subject areas in teaching and research include: corporate finance, portfolio management, international finance, stock valuation models, and hedge funds. Professor Shawky brings his passion for research and finance to the classroom, as he teaches the Senior Financial Analyst Thesis class, while working closely with each student.