2009 Marketing Presentation

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GGF Information for 2009

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2009 Marketing Presentation

  1. 1. Golden Griffin Fund Canisius College Golden Griffin Fund
  2. 2. Golden Griffin Fund Background • Fund formed as an LLC in 2003 • Investors – Canisius endowment (2004) – Merchants Mutual (2007) • Commitments received from other investors
  3. 3. Golden Griffin Fund Background • Financial Markets Lab – OM111 – Bloomberg Terminal - LCD Panels – Electronic Data Board - Electronic Ticker • Program developed by: – Nelson D. Civello, „67 – Dr. Richard Wall, CFA
  4. 4. Golden Griffin Fund
  5. 5. Golden Griffin Fund
  6. 6. Golden Griffin Fund Current Fund Managers • • Brad Arcara Angelo Lozano • • Adam Bojanowski Shane McCarthy • • Chris Carpenter Susan McNeight • • Bela Horvath Mike Teruel • • Ryan Kovel Kevin Varin • Lizabeth Jezioro
  7. 7. Golden Griffin Fund Investment Philosophy • Small and mid-cap stocks • Blend of growth and value styles • Long-term investment horizon
  8. 8. Golden Griffin Fund Investment Philosophy (Continued) • Continuous portfolio management • Portfolio Benchmark - Russell 2500 Index – Comprised of small and mid cap companies – Blend of investment styles • Growth • Value • Core
  9. 9. Golden Griffin Fund Objectives • Provide “real-world” learning environment • Introduce students to investment research and portfolio management • Intended to produce entry-level analysts with marketable skills • Portfolio performance - secondary
  10. 10. Golden Griffin Fund Objectives (Continued) • Areas of educational focus – Capital Markets – Economy – Industry and Peer Group Analysis – Financial Statement Analysis – Valuation Models – Risk Factors – Presentation Skills
  11. 11. Golden Griffin Fund Standards & Procedures • CFA Code of Ethics and Standards of Professional Conduct • Voting Procedures – Proxy Process – Managing Portfolio • Stock Monitor reports • M&A activity • Buy/Sell triggers
  12. 12. Golden Griffin Fund GGF Program • Golden Griffin Fund I & II • Equity Analysis • Portfolio Theory • Options & Derivatives • Financial Institutions & Markets
  13. 13. Golden Griffin Fund Application process • Begins after Mid-term of Fall semester • Application process includes producing a one page recommendation of a stock • One on One interview with the Director in the fund (How can GGF benefit you?)
  14. 14. Golden Griffin Fund Transition Process • Committee assignments • Start Bloomberg Equity Certification • Assigned sector and monitor reports • Understanding the companies in the fund
  15. 15. Golden Griffin Fund Fall Semester • Mentor assignment • Stock “screens” to identify potential investment opportunities for fund • Preliminary research • Mid-term presentation - 4 companies • Final presentation – 2 companies
  16. 16. Golden Griffin Fund Spring Semester • Research Economic Indicators and Economy • Full Financial Statement Analysis – Peer Analysis – Cash Flow Analysis – Ratio Analysis – Risk Analysis • Complete Valuation Modeling – Market Multiples – Cash Flow Models – Dividend Models
  17. 17. Golden Griffin Fund Spring Semester (Continued) • Final presentation with recommendation – Strong buy – Buy – Do not buy • Investment Committee discussion & voting • Accepted “buy” added to portfolio • Transition to new class
  18. 18. Golden Griffin Fund GGF portfolio performance • Initial Investments: $125,000 • Total Market Value: $153,331 (8/31/2008) • Total Return Since Inception: 29.5% • YTD Return (2008): (2.9%) – Russell 2500: (4.8%) – S&P 500: (12.5%)
  19. 19. Golden Griffin Fund GGF Winners & Losers • Winners – Airgas Inc. (ARG) – Church & Dwight (CHD) – NBTY Inc. (NTY) • Losers – LCA-Vision Inc. (LCAV) – Webster Financial (WBS) – American Eagle (AEO)
  20. 20. Golden Griffin Fund Any questions about the Golden Griffin Fund please contact Professor Michael Piemonte, Director of the Golden Griffin Fund. piemontm@canisius.edu

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