CMCnotes

Credit Research Internship Opportunity

Northwestern Mutual Investment Management Company

Dan Pickett 0 180 Article rating: No rating

Jason Schultz will be on campus for undergraduate interviews the morning of September 20. The application link is below, and it will be live until September 18.

https://app.joinhandshake.com/jobs/3024717

Jason, a 2008 UW-ASAP grad, is a Director in Leveraged Finance and covers Technology, Telecom, and Retail and the head of internship recruiting. The attached NM 2018 Investment Report provides additional information about the orgainization. 

This is an excellent investments internship and accessible to undergraduates. CMC students have had good success with NM in the past.

Speaker event - Robert W. Baird and Northwestern Mutual Capital

Thursday, September 5th 6:00 p.m. - 7:00 p.m. in 2120 Grainger

Dan Pickett 0 160 Article rating: 3.0

UW alumni from Robert W. Baird & Co. and Northwestern Mutual Capital will be on campus to discuss their industry, firms, and active employment opportunities. The event will be held in 2120 Grainger on Thursday, September 5th from 6:00 p.m. - 7:00 p.m. followed by a social gathering at the Nitty Gritty.

 

Robert W. Baird & Co. is an employee-owned and privately held investment company headquartered in Milwaukee with over $181 billion in client assets. The speakers will describe their firm and job opportunities in equity capital markets including investment banking, equity research, and institutional sales and trading.

  • Kevin Condon, Equity Research Analyst
  • Michael Pesendorfer, Research Analyst

 

Northwestern Mutual Capital manages more than $6 billion in direct private debt and private equity capital and is an active investor in leveraged buyout, growth equity, and infrastructure transactions. The team consists of over 30 investment professionals with headquarters in Milwaukee.

  • Mike Peterson, Principal

 

If you would like to RSVP in advance, please email Cara Scadden at cara.scadden@wisc.edu. However, please note that this is an open event and you are welcome to attend without an RSVP.

Private Equity Associate Opportunity - Summer 2020

The Stephens Group

Dan Pickett 0 194 Article rating: No rating

Passing along a prvate equity investment associate opportunity with the Stephens Group for Summer 2020. The Stephens Group (“SG”) is a private equity firm based in Little Rock, AR targeting investments in industries across the U.S., including industrial and commercial products and services, specialty distribution, B2B food and beverage, consumer products, and technology infrastructure and tech-enabled services. SG is backed by the resources of the Stephens Family. SG targets deploying $150 - $200 million of equity capital each year, which equates to a fund of $800 million to $1 billion.

11 Rules for Equity Valuation

Enterprising Investor post

Dan Pickett 0 211 Article rating: No rating

Enterprising Investor, a CFA Institute publication had a nice summary of James Valetine’s CFA Institute 2017 Conference presentation: Equity Research and Valuation. Valentine is a former transportation analyst with Morgan Stanley who now runs AnalystSolutions, an equity analyst evaluation and training firm. He is also the author of Best Practices for Equity Research Analysts, an excellent how-to book for aspiring analysts. We assign numerous readings from the book in the Applied Equity Markets Research (AEMR) class and highly recommend it. The author describes Valentine’s 11 rules of thumb when determining equity valuations and setting price targets.

Screening for Ideas

Using Factset

Dan Pickett 0 216 Article rating: No rating

In an earlier post (Investment Philosophy Matters When Generating Ideas) we highlighted that growth and value investors typically look at different things when identifying new ideas. Growth investors tend to focus on growth in sales and earnings, while value investors focus on price relative to something that proxies for the value of the company like assets, earnings, or cash flows. Professional investors generate ideas in many ways, but one common approach is to use screens that filter a large universe of stocks for the ones with characteristics the investors think likely to yield attractive investments - consistent with their philosophy. Factset has a powerful screening tool you can use to identify your own ideas.

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