Bucknell University alumni Keith Lockwood ’96 and Jaspinder Kanwal ’11 joined the Student Managed Investment Fund (SMIF) as guest speakers on October 21, 2015. Lockwood is currently a Managing Director in Healthcare Investment Banking at Jefferies. He has been with the company for the past six years. Before joining Jefferies, he was an Executive Director at UBS Investment Bank, where he worked for 11 years. Kanwal is a SMIF alumnus and started his career as an Investment Banking Analyst at Jefferies. He is currently an Associate. Lockwood and Kanwal presented two valuation cases during their visit and also stayed to answer questions from the class.
Joe Quintilian, Bucknell Class of 2003, joined the Student Managed Investment Fund (SMIF) for lunch on September 25, 2015. Quintilian cofounded Axiom Markets in 2005 with two other partners. The company provides liquidity in all futures and commodities markets. In 2012, he developed an equity hedge fund with a partner. Quintilian currently sits on the board of Concord 51 and AWCCF charity board. He has also been past board members of the Bucknell University Alumni Association Board of Directors and NewMark School fundraising. He is very active with Catholic charities, and recently sponsored two breakfasts with Jeb Bush and John Boehner for Catholic elementary schools in the Bronx. Quintilian spoke to the class about macroeconomic conditions and their effects on the securities within the portfolio.
Bucknell University alumni Frank Schreiner ’83, Dan Greenberg ’07, and Katrina Schmaltz ’10 visited the Student Managed Investment Fund (SMIF) as guest speakers on September 23, 2015. Schreiner worked at BlackRock as a Managing Director for 28 years. After graduating from Bucknell, he obtained his MBA from Rutgers Business School. At BlackRock, he led a team of 13 Portfolio Managers, Associate Portfolio Managers, and Portfolio Specialists. Greenberg and Schmaltz are both SMIF alumni. Greenberg is currently an Associate Portfolio Manager at BlackRock. He implements BlackRock Private Investors’ investment process in separately managed accounts for ultra high-net-worth clients, and he also customizes portfolios to reflect client objectives and constraints. Schmaltz is a CPA and had experience working in audit before joining BlackRock. She currently works in separately managed account marketing at the company. Schreiner, Greenberg, and Schmaltz provided the class with insight into the portfolio management process as well as their outlook on the macroeconomy.
Guest Speaker David Silver, Bucknell Class of 1997, visited the Student Managed Investment Fund (SMIF) on September 16, 2015. Silver has over 17 years of corporate tax and accounting experience, and he is currently a Partner at McGladrey’s tax practice. After graduating from Bucknell, he became a Tax Senior at Arthur Andersen. He was there for three years before joining Ernst & Young as a Tax Senior Manager, where he worked for eight years. In his current role at McGladrey, he provides audit, consulting, and tax solutions for clients. Silver has twice won McGladrey’s National Achievement Award for Relationships & Excellence (2010 and 2012). He spoke to the class that day about various aspects of the tax footnote in a company’s annual report.
The Student Managed Investment Fund (SMIF) decided to buy, hold, and sell several equities in its current portfolio after the second round of Accumulate, Hold, Sell (AHS) presentations on September 9, 2015. The class voted on the following investment decisions:
Hold: Allison Transmission, Anadarko Petroleum, Bed Bath & Beyond, Boston Properties, Celgene, Chevron, Cummins, Google, Halliburton, Johnson & Johnson, J.P. Morgan, Procter & Gamble
Buy: Apple (50 shares), Boeing (100 shares), Gilead (100 shares)
Sell: Deere (150 shares)
On September 23, 2014, the Bucknell Student Managed Investment Fund (SMIF) was pleased to welcome back Ryan Foreman, Bucknell Class of 2013, and a member of SMIF during the 2012-2013 academic year. Ryan now works for Lord Abbett as a regional consultant, and shared with the class some information about bond markets and recent trends in the industry. He also took the time to answer questions and interact individually with students.
On October 1, 2014, the Bucknell Student Managed Investment Fund (SMIF) was pleased to welcome Frank Schreiner, Bucknell Class of 1983, Daniel Greenberg, Bucknell Class of 2007, and Katrina Schmaltz, Bucknell Class of 2010. Mr. Schreiner is a Managing Director at BlackRock, the world’s largest asset manager. After graduating from Bucknell with a degree in economics, Mr. Schreiner went on to obtain his MBA at Rutgers Business School and is a CFA. In his current position, Mr. Schreiner leads a group of 13 Portfolio Managers, Associate Portfolio Managers, and Portfolio Specialists, with approximately $5 billion of discretionary assets under management. With Mr. Schreiner that day was Daniel Greenberg, a Bucknell graduate, SMIF alumnus and CFA, who is currently an Associate Portfolio Manager at BlackRock. Also with Mr. Schreiner that day was Katrina Schmaltz, another Bucknell graduate, SMIF alumnus, and CPA, who currently works at BlackRock as well.
On October 16, 2014, the Bucknell Student Managed Investment Fund (SMIF) was fortunate enough to host Gene Gorab, CEO and President of Greenfield Partners, and Bucknell Class of 1985. He spoke about his firm and how it functions as a real estate private equity operation, along with some of the factors that have made him so successful over the years. He also explained the current macroeconomic backdrop in the United States, and offered insights into the world of private equity.