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re: Masters in Finance, Law School, or MBA in 3-4 years?

Posted on 6/6/11 at 1:39 pm to
Posted by GoDucks349
Westfir
Member since Jan 2011
420 posts
Posted on 6/6/11 at 1:39 pm to
quote:

Masters in Finance, Law School, or MBA in 3-4 years?


For Index comparison, we were 14.5% net vs. 11.9% for the Russell 2000 Value.


That's 20 year annualized returns.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/6/11 at 3:07 pm to
That sounds really interesting.

I see what you mean about the risk adjusted returns. I worked in investments for a while and I am always more interested in hearing beta risk adjusted return because it helps our doversification analysis more. I don't really care much about tracking error, that's more of an issue for the board. I love those returns I they are pretty low beta.
Posted by GoDucks349
Westfir
Member since Jan 2011
420 posts
Posted on 6/6/11 at 3:53 pm to
You sound like you know the institutional side of the business a bit. So what are you doing now?

Yea, the numbers are good. I'll admit we got hit in the sub-primes or the numbers would be a lot better. New Century and Fremont General were significant holdings at one time. We made a mistake and paid. But usually we make enough good decisions to over come something like that.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/6/11 at 4:05 pm to
I interned for a public pension fund while I was in MBA school. I am about to start working in commercial lending for a while, the reevaluate after a year or two.
Posted by GoDucks349
Westfir
Member since Jan 2011
420 posts
Posted on 6/6/11 at 4:45 pm to
I've worked with a few public pension funds over the years. It's a great opportunity for a MBA student to get exposure to the institutional side. You're a lucky guy.

On the institutional investment side, I love the "buy" side as oppose to the "dark side" (sell side). And I'll take foundations and endowments over public and taft hartley funds. High networth guys can be a bit frustrating and unpredictable. So in our business I've worked with a number of universities. It's fun getting to see various universities and get insights from the administrators. Over the years some of the universities I've worked with are Tenn, A&M, Kansas and Michigan. Sort of fun, just be a polite Duck fan and take a little ribbing here and there and give a little back occasionally.

Commercial lending? We'll someone needs to get out there and start lending money....

We're seeing a pretty good pace in M&A activity as the big corporations with all the cash go out and gobble up some of the small guys.

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