2. Today’s Agenda
• Who We Are
• Why UML Was Selected?
• Student Managed Fund
• The 2011 Trip
• This Year’s Trip – The Value & Agenda
• Questions?
3. Who We Are
• Jacob Ashley – Senior Accounting & Finance Student
• Miranda Winter – Senior Finance Student
4. Why Was UML Selected?
• Student Managed Fund Performance
• Professor Ravi Jain
5. The Student Managed Fund
• Fund uses S&P 500 as benchmark
• Placed 2nd in 2014 & 2015 while competing against the 5
UMass System Funds (4 Undergrad & 1 Grad)
• Receiving recognition by UMass Foundation on
11/2/2016 for our 2015 performance
• Long-term investment strategy using 3 models:
• Free cash flow valuation
• Dividend discount model
• Relative valuation
6. Performance Since Inception
Inception: January 1, 2008; Value: $25,000
V(BEG) V(END) Ret(FUND) Ret(S&P500)
FY2010 28,448 32,815 15.88% 14.42%
FY2011 32,815 42,664 23.69% 30.66%
FY2012 42,664 57,896 11.64% 5.44%
FY2013 57,896 67,859 15.39% 20.60%
FY2014 67,859 81,718 13.08% 24.61%
FY2015 81,718 90,612 10.88% 7.42%
Value as of June 30, 2016: 95,814
9. The Value of This Trip
• Personally meet and listen to who is known as one of
the greatest investors of all time
• Q&A session with an ICON in the investment world
• Continues to BUILD and GROW the UMass Lowell
Brand – Personally Invited
• Visit Berkshire Hathaway Subsidiary Companies
• Incorporates real world experiential learning for students
10. Agenda of This Trip
Friday, February 17, 2017 – Omaha, Nebraska
• 8:30AM - 9:30AM: Tour of Nebraska Furniture Mart (A
Berkshire Hathaway subsidiary)
• 10:00AM – Noon: Q&A session with Mr. Buffett at Berkshire
Hathaway Headquarters
• 12:30PM - 2:15PM: Lunch with Mr. Buffett at Anthony’s Steak
House
• 2:30PM – 3:30PM: Tour of Borsheims (A Berkshire Hathaway
subsidiary)
• 4:30PM – 5:45PM: Tour of Oriental Trading Company (A
Berkshire Hathaway subsidiary)
