Oct 08 2005
Arbitrage Analysis
This year at NYU Stern, there is a brand new club, Arbitrage Analysis. Arbitrage Analysis (”Arbo”) is dedicated to educating members and applying the concepts of arbitrage through senior member presentations and guest speakers. Some topics include portfolio management as well as derivatives trading and exotic trading strategies. Arbo will also focus on educating members about career opportunities in investment managements.
So far, Arbitrage Analysis has had two meetings. For the first meeting, President and Co-Founder McCoy Jen introduced the Board, and basic concepts of the club. The guest speaker for the first meeting was Professor Brown, the faculty advisor, spoke about the history and basics of hedge funds.
For the second meeting, Arbitrage Analysis was able to secure Professor Marty Siegel. Professor Siegel was a trader at Long Term Capital Management (LTCM). LTCM was a spectacular hedge fund that collapsed. Without a bailout from various investment banks on Wall Street, the collapse of LTCM could have wreaked havoc on the financial markets, and all of the major investment banks. Professor Siegel spoke about his life, his various jobs, and some basics of what he did at Long Term.
The next meeting of Arbitrage Analysis will feature Robert White from Investor Select, on October 17th. He will talk about Funds of Funds, and this meeting will be a recruiting event as well.