Monday, October 5, 2015

Scott Roberts, President & CEO of Ziegler Capital Management, Presented in Dr. Krause's Fixed Income Class Today

Scott Roberts in Dr. Krause's Fixed Income Classroom

Marquette alumnus, Scott Roberts, serves as President & CEO of Ziegler Capital Management. On Monday, October 5, 2015, he again presented to the students in Dr. Krause's Fixed Income class.

The students appreciated Mr. Roberts 25+ years of investment experience. Prior to joining Ziegler, he was President and Chief Investment Officer of Deerfield Capital Management and was responsible for all investment management, marketing, and operational activities of the firm. Scott oversaw the growth of assets under management at Deerfield from less than $400 million in 2000 to over $15 billion at the end of 2007.

Prior to joining Deerfield Capital, he was the Chief Investment Officer at several Zurich Insurance Company subsidiaries including Scudder Kemper Investments, Zurich Investment Management and CentreRe. Prior to Zurich, Mr. Roberts was the Director of Fixed Income for Loomis Sayles in Milwaukee and a Senior Vice President and Portfolio Manager for Putnam Investments in Boston.

Scott Roberts
Scott is currently on the Board of Directors of Marquette University, Marquette University High School and Catholic Charities of Chicago. He has served on the Board of Directors of several of the firms with which he has worked, including Centre Cat, Centre Investment Services, Zurich Investment Management, Liberty Hampshire and Deerfield Capital. Mr. Roberts received an M.B.A. in Finance and Investments from the Applied Security Analysis Program at the University of Wisconsin at Madison, and a B.S. in Accounting and Finance from Marquette University.

Dr. Krause said, "It is always a pleasure to have Scott Roberts in the classroom. He is a rare breed - he is an outstanding investment manager and he is a talented businessperson. It is not common to find someone who knows as much as he does about the financial markets - as well as how to run a $10 billion business. He is a special Marquette University alumnus."

Friday, October 2, 2015

AIM Students Pitch Stocks Before 30 Investment Professionals at Wells Capital Management

John Grant, Mike Reardon, Dan Krakovec, Travis Mantel and Connor Muth
On Friday, October 2, five AIM students (in the picture above) presented their equity recommendations to the investment professionals at Wells Capital Management in Menomonee Falls, Wisconsin. Following each presentation, the students faced challenging questions from the Wells Cap employees.

All of the AIM write-ups can be found at:

Thursday, October 1, 2015

AIM Equity Fund Performance as of September 30, 2015

The students in the AIM Class of 2016 have been managing the Small Cap Equity and the International Equity funds since April 1, 2015. Their performance (as well as the YTD and 1 year returns) are provided in the table below (click to enlarge the table).

The Small Cap fund experienced a challenging period during Q3; however, the active return remains positive over the AIM Class of 2016 holding period, YTD and over the past year. The International Equity fund has been challenged over the past year; however, the AIM Class of 2016 is hopeful they can make up the negative active return. The overweight on emerging market and the Canadian energy sector accounted for much of the weaker than benchmark returns.

Wednesday, September 30, 2015

Rodney Hathaway of 1492 Capital Management was the guest in the AIM program today

Hathaway and Krause

The portfolio manager of 1492’s Value Strategies and Core Alpha Strategy funds was the guest speaker in the AIM program on Wednesday, September 30, 2015. Rodney Hathaway, CFA, has a value-based approach to equity investing. He employs bottom-up fundamental techniques to identify undervalued stocks in the small cap universe.  His approach to small cap stock selection offers investors capital appreciation with lower volatility – and the stocks in the portfolio all have a dividend income component.

Mr. Hathaway’s presentation was well received by the AIM students. He talked in depth about his valuation philosophy and the thematic strategies he (and his growth counterpart at 1492 Capital Management, Joe Frohna) employ to identify attractive companies to add to the respective portfolios they manage.

Rodney Hathaway
Rodney has extensive small cap value investing experience. He has been a featured keynote speaker at several business forums and investment conferences throughout the country.  He has also been a regular commentator on CNBC, Bloomberg TV, CNN and  Rodney has also been a featured expert on small cap value investing in publications such as Investor’s Business Daily, The Wall Street Journal, Businessweek, and Fortune.

In discussing the thematic approach employed by 1492, Rodney indicated that this enables the firm to quickly focus their research efforts on identifying companies that meet their valuation criteria and also have a catalyst for future growth and the realization of full value. This strategy allows for them to be more nimble in the entry and exit positions – as well as to add diversification to the portfolio.

Rodney and his associates will buy a number of companies across a specific theme so as to diversify single company risk. Over time, they envision that the stocks related to a theme will outperform their industry peers due to superior valuation and that the theme will outperform the broader market. While they are index aware, they do not use an index to determine our sector weightings. Weightings are arrived at as a result of the individual stock selection that takes place due to our bottom-up research process.


Wells Capital Management was on Marquette's campus this week

Jillian Morrissey (Marquette 2013 AIM alumnus) is an equity analyst at Wells Capital Management in Menomonee Falls, Wisconsin. She is a member of the PMV Equity Team covering restaurants, textiles, apparels & luxury goods and internet & catalog retail in the Consumer Discretionary, Food Products in Consumer Staples and Internet Software & Services in Information Technology. Jillian visited with Dr. Krause following interviews she conducted on campus.

Jillian Morrissey
Wells Capital Management is a multi-boutique asset management firm that provides funds and investment services to institutional clients. They seek to provide a diverse work environment with an emphasis on independent investment teams that are allowed to focus on generating alpha without the distractions of operating a business.
Ms. Morrissey and Dr. Krause had an opportunity to discuss the financial markets and her experiences at Wells. He commented that he has encouraged his students to interview for positions within Wells Capital because they have “an engaged work environment and have some of the smartest people in the world of investments and economic analysis.”

Tuesday, September 29, 2015

Bloomberg's Cody Clarkson addressed the FMA students

On Monday, September 28th, Cody Clarkson the Bloomberg representative for Wisconsin presented to the students in the Financial Management Association at Marquette University. In addition to overviewing the history and features of the Bloomberg system, he discussed internship and career entry level opportunities within the massive global financial firm - which is headquartered in New York City.

Cody also talked about Bloomberg Market Concepts (BMC), which is an 8 hour self-paced e-learning course that provides a visual introduction to the financial markets. BMC consists of 4 modules – Economics, Currencies, Fixed Income and Equities – woven together from Bloomberg data, news, analytics and television. The course is available either through the Bloomberg Institute website or on the Bloomberg Terminal at BMC.

The Bloomberg Aptitude Test (BAT) was also discussed. This is a global standardized online exam that assesses a student’s abilities as a critical thinker across a variety of competencies. It then enables test takers to showcase their strengths relative to thousands of other test takers to 25K+ recruiters at elite global investment and financial institutions. The BAT is offered to students from over 3,500 universities worldwide through physical, on-campus sessions or online sessions.

Monday, September 28, 2015

Dr. Charles L. Evans, President & CEO of Federal Reserve Bank of Chicago visited Marquette University today

Charles L. Evans is president and CEO of the Federal Reserve Bank of Chicago, one of 12 regional reserve banks across the country that composes our nation's central bank. In that capacity, he serves on the Federal Open Market Committee, the Federal Reserve System's monetary policymaking body. 

Dr. Evans during his speech, which was attended by over 300 faculty, students and alumni, indicated that he did not see a need for tightening (raising the Fed Funds rate) given the low level of expected inflation. While he continued to be optimistic about overall economic growth in the US, he did not see inflation as a significant future threat to the overall economy. During the Q&A he was consistent in his support of current Fed policy.

As head of the Chicago Fed, Evans oversees the work of about 1,400 employees who conduct economic research, supervise financial institutions, and provide payment services to commercial banks and the U.S. government. 

Previously, Evans was director of research and senior vice president, supervising the bank's research on monetary policy, banking, financial markets and regional economic conditions. He taught at the University of Chicago, University of Michigan and University of South Carolina and received a bachelor's degree in economics from the University of Virginia and a doctorate in economics from Carnegie-Mellon University in Pittsburgh.

Sunday, September 27, 2015

5 Students Pitched Stocks on Friday before a group of over 80 students

On Friday, September 25, 2015, five Marquette University AIM students pitched stocks to a group of over 80 current and prospective AIM students in the Class of 2017. The session was so well attended that it needed to be held in Room 105 of the College of Business Administration.

To access these - all of the past AIM equity presentations - go to the AIM website at:

Starting in October, the Friday afternoon AIM presentations will be held on the road with the first set of AIM student pitches being held at Wells Capital Management. The next set of student equity presentations in the AIM Room will not be held until December 2015 .