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UASBIGThe University at Albany School of Business Investment Group (UASBIG) is a student-run investment fund whose activities are sponsored by CIIM. The UASBIG portfolio aims to outperform the returns of the S&P 1500 index (composed of the S&P 500 large-cap index, S&P 400 mid-cap index, and S&P 600 small-cap index) after all transaction costs and any expenses incurred by UASBIG. The portfolio's stocks are limited to components of the S&P 1500.

The mission of UASBIG is to assist The University at Albany Foundation in supporting the University at Albany's broad educational purpose. The primary objective of UASBIG is to maximize the value of assets under management with adherence to a sound long-term investment policy which also preserves the real, inflation-adjusted value of assets. Additionally, UASBIG provides an environment conducive to the education of undergraduate students who have a genuine interest in and passion for the field of finance. The group affords students the opportunity to learn proper research techniques for successful portfolio and investment management and to manage a portfolio of "live" assets.

Approximately 30 students participate in UASBIG as security analysts. During monthly conference calls, students pitch to the Advisory Board the stocks they have analyzed. The officers of UASBIG prepare regular performance reports and make annual presentations to the Foundation Board.

Click here to read about the group's history.

Here is the group's entry in the CFA Global Research Challenge for 2014

 UASBIG members, January 2014
UASBIG members, January 2014

Co-Presidents:
2014-2015: Guillermo Dilone and Ryan Stern
2013-2014: Michael Rodrigues and Etton Soriano

Chief Financial Officer:
2014-2015: Kyle Higgins
2013-2014: Nicholas Randone

Chief Risk Officer:
2014-2015: Robert Martin
2013-2014: Andrew Henderson

Meeting Chair:
2014-2015: Lucas Siegel
2013-2014: Jorge Perez

Director of Public Relations:
2014-2015: Jerome O’Grady
2013-2014: Nicholas Moore

Analysts:

Connor Benoit Laura Lozier Lucas Siegel
Evan Coffey Rebecca Martella James Sotis
Eric Cohen Robert Martin Ryan Stern
Kyle Cruz Andrew McAlpine Logan Suguitan
Nicholas DeSimone James Molinell Michael Sullivan
Guillermo Dilone Jerome O'Grady Jeevan Sunny
Mark Fanneron Tyler Paladino Su Yi
Patrick Fennell Rebecca Robbins
Steven Gagliardo Peter Rodrigues
Kyle Higgins Say Sanchez
Manuel Jara JonMichael Shekian
Michael Lorka Jeffrey Sherman

Advisory Board:
Richard Bleser
Michael Carmen
DeForest Hinman
George Philip
Matt Reiner
Prof. Hany Shawky
Prof. David Smith

Recruiting is done during the fall semester. The group admits only students with a solid academic record. Candidates must possess excellent critical thinking and time management skills. The main recruitment season consists of presentations by current officers and members in lecture center classes, as well as mass e-mails sent to all School of Business students. Interested candidates are also encouraged to speak with current members in order to gain insight about the group, as well as the level of commitment that is required.

Do you think you might be interested in applying for a position as an analyst in UASBIG?
Here are some of the most common benefits that membership in UASBIG provides to its members:
  • The opportunity to bridge the gap between what’s learned in the classroom and what’s actually done on “the street”
  • The opportunity to network with and learn from alumni and advisory board members
  • The opportunity to set yourself apart from other job candidates in a job field that is increasingly competitive
  • Becoming fluent in the language of financial analysis, specifically, knowing how to make sense of financial statements and company reports
  • The opportunity to learn how fundamental equity research is done, and to value an equity security
  • The opportunity to manage a “live” portfolio of assets
  • The opportunity to work in a fast-paced, team oriented environment with peers who share similar interests with you, and who are motivated to succeed
While UASBIG provides unlimited benefits there are also strong responsibilities associated with being a member of the group. UASBIG manages a “live portfolio” therefore active management of securities and industries will be required. Each member is also required to create and update extensive Excel models, a process that is both challenging and rewarding for analysts.
Have any questions or concerns? Feel free to email questions to uasbig@gmail.com

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.