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The Kellogg School of Management has established the Asset Management Practicum, an initiative that requires alumni support. Led by the Kellogg School's Finance Department, and supported by alumni and friend of the school, this experiential learning opportunity allows students to strengthen their analytical abilities while learning the day-to-day responibilities of managing a portfolio.
Asset Management Practicum Overview
The Asset Management Practicum (AMP) is a four quarter sequence of courses designed to provide students with practical investment management experience. The courses combine investment theory with exposure to leading practitioners, and enable students to work in a variety of different roles found in the investment management industry: industry analyst, trader, quantitative analyst, and portfolio manager. Today, AMP students are responsible for managing approximately $3 million of Kellogg's endowment.
Details for Applying for Finance
933: Asset
Management Practicum I
Finance
933: Asset
Management Practicum I - Spring 2008
Finance
934C: Asset
Management Practicum II - Fall 2008
Finance
935: Asset
Management Practicum III - Winter
2009
Students enrolled in this sequence of courses manage
a portion of the Kellogg School’s endowment. The
courses will combine investment theory with exposure
to leading practitioners. Students will rotate across
roles of industry analysts, traders, quantitative analysts, and portfolio
managers. Students must take the entire sequence, FINC
933, 934-C, and 935.
Prerequisites for 933 : FINC 430 - Finance I and FINC 441 - Finance II (or FINC 440 - Finance I/II).
Corequisites for 933: Students registering for Finance 933 must have taken or be simultaneously registed for FINC 463 - Security Analysis or FINC 444 - Advanced Topics in Finance. Click here for additional corequisites..
Prerequisites for 934C: FINC 933.
Corequisites for 934C: Click here for additional corequisites.
Prerequisites for 935 : FINC 934C.
Corequisites for 935: Click here for additional corequisites.
Finance
936C: Asset
Management Practicum IV - Spring
2008
Asset Management Practicum IV is a continuation of
Asset Management Practicum I, II, and III. Students
in Asset Management IV will be responsible for using
the analyses of students in Asset Management Practicum
I, plus their own analyses, to determine portfolio positions,
trading strategies, and asset allocations for the student-managed
portfolio.
Prerequisites for 936C : FINC 935.
Tentative Outline:
AMP II (Fall 2008)
Philip Furse ('00), Portfolio Manager, Alydar Capital: "TBA."
Sam Zell, Equity Office: "Topics in Private Equity/Real Estate."
Mark Sellers ('04), Founder, Sellers Capital: "TBA."
AMP III (Winter 2009)
Louis Simpson, CEO, GEC Investment Managers: "Topics in Value Investing."
Michael Sacks ('88), CEO, Grosvenor Capital Management: "Trends in the Hedge Fund Industry."
Stacey Riddell ('89): "Analyzing a public company/stock from A-Z."
Past Visiting Speakers:
AMP I/IV (Spring 2008)
Jerome Kenney ('67), Vice Chairman and Member, Executive Client Coverage Group, Merrill Lynch: "The Strategic Landscape of the Asset Management Industry"
Jack L. Treynor, President, Treynor Capital Management: "The Power to Spend."
Steven Milunovich ('87), Partner, Brunswick Group, LLP: "Secrets of a Wall Street Analyst"
Performance Evaluation and Benchmarking.
Incorporating Security Analysis into Portfolio Decisions.
Stacey Riddell ('89); Jamie Parisi, CFO, CME Group, John Pietrowicz (Managing Director, Corporate Finance & Treasury) CME Group, and John Peschier (Managing Director, Investor Relations) CME Group: "Analyzing a public company/stock from A-Z."
AMP III (Winter 2008)
Understanding Client Objectives - Taxable Investors, Robin Yoshimura ('94) Sr. VP, Lehman Brothers.
Convergence of Public and Private Markets, Adam Waldo ('96), Managing Director, Silver Oak Services Partners, LLC.
High Performing Investment Teams, James Ware, founder, and Jamie Ziegler, Principal, Focus Consulting Group, Inc.
Analyzing Low Priced Stocks, Joel Tillinghast ('83), Portfolio Manager: Fidelity Low Priced Stock Fund, Fidelity Mgmt & Research Company.
AMP II (Fall 2007)
Understanding Client Objectives - Pension Funds, Donald Paiva ('93), Investment Strategist, Chevron Corporation.
Topics in Security Analysis - Issues in Valuing Cyclical Firms. Avi Nash ('81), Founder, Avi Nash, LLC.
Oppotunities in distressed investing. Bettina Whyte ('75), Chair of Advisory Board, Bridge Associates, LLC.
Analyzing a public company/stock from A-Z. Stacey Riddell ('89); David Demshur, Chairman, CEO, and President, Core Laboratories; Richard Bergmark, Executive Vice President, Core Laboratories.
Implementing Quantitative Strategies. Bhaskaran Swaminathan, Director of Research, LSV Asset Management.
AMP I/IV (Spring 2007)
Understanding Client Objectives - Endowment
Portfolios, William McLean, VP and Chief Investment Officer,
Northwestern University.
Creating Alpha Through Active Investing, Jeffrey
Ubben ('87), Managing Director, ValueAct Capital.
The Evolution of the Hedge Fund Industry, David Kabiller ('87), Founding Principal and Head of Business Development, AQR Capital Management.
Other Information:
Syllabus for AMP I and AMP IV (Spring 2007)
Syllabus for AMP II (Autumn 2007)
Syllabus for AMP III (Winter 2008)
Suggested Readings
Sponsors of the Practicum
Journals
ITG, Inc.
Important/Interesting Links:
Kellogg Investment Management Club (Full-time program)
Kellogg Turnaround Management and Distressed Investing Club (Full-time program)
Private Equity & Entrepreneurship @ Kellogg Club (Full-time program)
Kellogg Hedge Fund Club (Part-time program)
Kellogg Investment Management Club Members Take First Place in Three out of Five Cornell Stock Pitch Challenges (Fall 2006, Fall 2005, 2004)
Student memberships to the CFA Institute of Chicago
Capital IQ
Capital IQ Training Video
Thomson One Training Video Part 1, Part 2, Part 3
Finance Department Seminars
Bogle Financial Markets Research Center |
