Detailed Course Information |
Spring 2013
Apr 16, 2024 |
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| FINC 451 - Fund Management |
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Fund Management I involves students in applied equity analysis and valuation. Students research companies for possible addition to the Red & Blue Partners portfolio, which is an open-end private investment management company that invests in common stocks of small-cap and mid-cap U.S. companies. Common stocks are selected on the basis of investment value and potential for growth as determined by the analysis and recommendations made by students in accordance with the Partnership's investment policies and guidelines.
Students conduct in-depth research and analysis of individual companies in order to recommend stocks priced at substantial discounts to intrinsic value, where intrinsic value is evaluated using Free Cash Flow to the Firm valuation. Investment recommendations are supported by detailed research reports based on financial statements, annual reports, press releases, news and article searches, industry publications, transcripts of analyst conference calls, and other relevant information sources. Recommendations to buy, hold and sell are made to students, faculty and investment professionals in presentations and research reports.
Fund Management I requires students to apply what they learned in previous classes to the complicated problem of Security Analysis and Valuation.
Junior-level courses in Theory of Finance, Security Analysis and Intermediate Accounting provide the foundation knowledge. However, real skill in any endeavor comes only from sustained application - i.e., practice. Security analysis requires a deep understanding of a company, its industry and competition, and its financial statements. Much information on public companies is available free online, through Gumberg Library, and in the Investment Center. Students work hard to find and integrate as much of it as possible in their research.
3.000 Credit hours 3.000 Lecture hours Levels: Pharmacy, Pittsburgh Council on HE, Undergraduate Schedule Types: Lecture Business Department Prerequisites: (Undergraduate level FINC 330 Minimum Grade of D or Undergraduate level FINC 334 Minimum Grade of D) and (Undergraduate level ACCT 312 Minimum Grade of D or Undergraduate level ACCT 315 Minimum Grade of D) and Undergraduate level FINC 336 Minimum Grade of D |
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