Fireside Chat Speakers
Steven N. Kaplan
Neubauer Family Distinguished Professor of Entrepreneurship and Finance
Kessenich E.P. Faculty Director at the Polsky Center for Entrepreneurship and Innovation
Featured Guest Speakers
Associate Director of U.S. Research
Michael Vander Roest
Baird Principal Group
Bluestein & Associates
Quantitative Analyst/Education Associate
Investor in Residence
Adjunct Professor of Entrepreneurship
LTF Ventures is a student-run venture capital fund that invests in novel ideas created by University of Chicago undergraduates. In the workshop, LTF will work with the Entrepreneurship & Venture Capital Group at Booth to provide a brief introduction to the world of venture capital, covering the basic investment process in a VC backed company, the role of assessing management and market potential in the context of VC, recent trends within the world of venture capital, and the dynamics of investing in student-run companies.
In addition to this overview of VC, LTF will provide case studies on investments that the group have made including, what the group found compelling about the idea, the tools that the group used to assess market potential, and how the group looked at the amount of money that we would deploy invest in the venture. The workshop will be a valuable opportunity for undergraduate students to gain insight into the world of VC, whether you are interested in being an investor or an entrepreneur.
The Blue Chips (TBC) is a student-run value investing fund with over $150,000 AUM. In our workshop we will provide an overview of the investment research process from the perspective of a fundamental investor.
We will conduct a brief introduction to the history of value investing starting with Benjamin Graham to the modern day with the goals of introducing the major underpinnings of value investing philosophy and their development over time. After this introduction to value investing, we will discuss a case study of an investment done by TBC which highlights the research process and how to identify undervalued and under-appreciated securities which are misjudged by the market. This is a wonderful opportunity to learn about the fundamental investment process in public market equities.
OverLeveraged is an undergraduate distressed debt and restructuring club. In our workshop, we will provide a brief primer on the restructuring process and strategies for distressed debt investors to profit through the bankruptcy process.
In the primer we will detail what drives companies into bankruptcy, basic strategies to reduce debt burdens outside of bankruptcy and within bankruptcy, debt waterfalls (projecting returns for distressed debt investors), and the role of differing types of subordination within distressed investing strategies. After the primer we will walk through a case study on the Claire’s bankruptcy, analyzing the strategies of different distressed investors and ultimately looking at how the bankruptcy unfolded. This will be a great opportunity to see what the distressed debt and restructuring process looks in application.
Algorithmic trading drives a majority of trading volume in the United States and has demonstrated a significant and persistent effect on markets worldwide. This effect has ranged from the day-to-day assurance of fair prices provided by market makers to an "irrational" trillion-dollar flash crash observed in 2010. Given the key role that technology plays in our day-to-day lives, it naturally follows that technology has a significant effect on our financial markets through quantitative financial institutions.
This workshop discusses how technology has drastically affected how traders and investors make financial decisions, whether through the usage of alternative data to price instruments or navigating market structure to capture edge. Workshop participants will be able to formalize our discussion on how algorithmic traders make decisions and how market makers enforce fair prices through an interactive market making game.
The UChicago Impacting Investing Group will provide a broad introduction to the world of impact investing including, a discussion of the goals of impact investing, how impact investors balance financial returns with making sure that their investments are impactful, how to measure impact in the context of investments, and the role of impact investing within the stock market.
The workshop will discuss the rapid growth of impact and ESG investing and how it has entered the mainstream with notable money managers starting impact or ESG strategies including, TPG, Blackstone, and ValueAct. This goal of this workshop is to have attendees understand an exciting and growing field within the world of investing and the tools that it uses to analyzes businesses.
The UChicago Private Equity (UCPE) group is a student organization that focuses on educating its members on private equity industry knowledge and skills as well as helping members achieve their career goals.Our mission is to elevate UChicago as a preeminent target school in the private investment industry, by providing members the platform and resources to become technically proficient and to develop meaningful relationships with industry professionals for important career opportunities.
The private equity workshop, led by Booth’s Private Equity Group and UChicago Private Equity, the undergraduate cohort, will walk you through an introductory crash course on private equity. Attendees will have the unique opportunity to get a real-life demonstration of an LBO (leveraged buyout) model through a guided case study. Don’t miss out on this incredibly valuable experience to learn about the industry, prepare for potential interviews, and connect with students within the private equity industry.