1. A Brief Overview for FTMBA Class of 2018
Coursework Managing Real Investment Funds MGMT 643 / 644 – Wright Fund MGMT 726 / 727 – FI Fund
A Brief Overview for FTMBA Class of 2018

2. Jill Foote, PhD, CFA
Jill Foote is Senior Lecturer in Finance, Director of the El Paso Corporation Finance Center, and Director of the M.A. Wright Fund (the MBA student-managed equity endowment fund) at Rice University’s Jesse H. Jones Graduate School of Business. Her principal teaching responsibilities are in investment management. She is also Faculty Advisor to the Rice Finance Club, Chair of the Rice University Athletic Committee, and Executive Director of the Rice Summer Business Institute for high school students from low economic areas. She has been at the Jones School since 2002.
Dr. Foote has 13 years of experience from Goldman Sachs in New York. Her final seven years there were spent as a Vice President, managing projects in strategic initiatives, new business ventures, risk management, and operational, regulatory, and financial reviews. The first six years were spent as a sales associate in Fixed Income – first in Money Markets, then in Emerging Debt. Dr. Foote has a Chartered Financial Analyst designation and is a member of the CFA Institute and CFA Society Houston.
Rice University B.A. Economics and Managerial Studies (1987)
New York University M.A. Economics (1992)
Fordham University Ph.D. Economics (2002)
Please me if you have questions 2

3. James Lenz
James Lenz is the Associate Director of the El Paso Finance Center at the Jones Graduate School of Business at Rice University.
Prior to the Jones School, James spent four years at Woodway Financial Advisors as a Portfolio Manager and Equity Analyst. At Woodway, James was responsible for analyzing the Industrials, Technology, and Telecommunication sectors.
James holds a Bachelor of Science in Kinesiology from the University of Texas at Austin and a Master of Business Administration from the Jones Graduate School with a concentration in Finance. While at the Jones School, James served as the Chief Investment Officer of the M.A. Wright Fund. James is currently a Level III candidate in the CFA program.
University of Texas at Austin B.S. Kinesiology (2000)
Jones Graduate School of Business MBA (2007)

4. Agenda Finance Center Overview
Overview of Two Courses Managing Real Money
Wright Fund
Profile
Structure
Officers
WF assignments
Class activities
How do I get in?
Important dates
Fixed Income Fund
WF Alumni & Students Introductions
Brief on Zions Fund because another info session in S16

5. Finance Center

6. Finance Center Mission “Where finance becomes alive” About
Started with generous El Paso Corp. grant
Hours: 7:00 am – 10:30 pm
User Agreement
3 Rules
Tools and data for academic use only
Don’t disturb others, esp. using TVs
No food or drinks

7. Finance Center Activities & Tools
Activities in the Finance Center
Curriculum integration & course support
Stand alone training & help documents
M.A. Wright Fund & Fixed Income Fund
Rice Finance Club & other clubs
Intro to Bloomberg (2 sessions) and FactSet on Friday, August 26
*** Calendar will be available on Campus Groups
Resources available
Bloomberg & FactSet
Morningstar, S&P NetAdvantage, IBIS, ThomsonOne
@Risk

8. Overview Fund Management Courses
Two 1-year courses managing real investment funds
MGMT 643 / 644 – 4 credits
$1.5 million equity endowment fund
~ 20 students
Wright Fund
MGMT 726 / 727 – 3 credits
$2.5 million bond endowment fund
~ 10 students
FI Fund
Admission
Admission by application & interview only
WF – F16 & S17 rounds
FI Fund – S17 only
Preference for finance careers
Course Objectives
Develop principled thought leaders in finance
Build strong ties with business community

9. Wright Fund Profile Course Overview Managed Assets Investment Goals
1 year (MGMT 643 / 644), 4 credits
Tuesdays, 6:15 – 9:30 or 10pm
3 credits co-reqs: MGMT 648 – Applied Finance and 645 – Portfolio Management
Holistic equity portfolio management
Managed Assets
Endowment gift M.A. Wright estate
Assets under management: ~$1.3 million
Investment Goals
Achieve superior returns over benchmark
Preserve capital and fund $30k scholarships
30k in scholarships annually currently
Comp wins – last 5 years – only wins included, were also some 2nd places
Competition Wins
CFAI Research Challenge – SW US
Advanced to Americas semi-final - ‘14, ‘11
Best Portfolio Return – ’15, ‘14, ‘13, ‘12
Portfolio Managers Competition - ‘12

10. WF Structure Officers CIO CE COO Cons. Staples Cons. Disc. Health Care
(Second-semester students)
CIO CE
COO
Cons. Staples
Cons. Disc.
Energy
Utilities
Financials
Health Care
Industrials
Materials
Info. Tech.
Telecom.
Fund structure consists of 6 analyst groups, made up of the 10 sectors of the S&P 500. Sectors are decided based on preferences and need for coverage.
644:Senior Analysts
643: Junior Analysts
Curriculum differentiated for 1st and 2nd semesters
Stock analysis (1st semester)
Sector / portfolio management (2nd semester)

11. Fall 2016 Officers Nasir Rizvi Chief Investment Officer
Shubham Manchanda
Chief Operating Officer
Rushana Cypert
Chief Economist

12. WF Assignments
Individual stock research and selection
Junior Analysts within Sector Groups
Analyst Summary, Buy-side Deck, Sell-side Research, and Class Participation
Most of work is individual
Sector and fund portfolio management
Senior Analysts within Sector Groups
Sector Report, Sector Update, Mini Project, Performance Report, and Class Participation
Combination of team and individual work
MGMT 643
MGMT 644
643: 2 major stock analysis and 1 smaller report, plus participation
644: 1 major sector report including strategy, allocation, screener, 3 smaller reports, and participation
All major reports also have either class discussion or presentation

13. Class Activities Students manage the Funds Active Finance Center usage
Mix of student-run activities and instructor led workshops (approx. 2 to 1)
Student-run segments mostly research presentations / pitches
Active Finance Center usage
Mostly Bloomberg and FactSet
Investment professionals speakers
Conferences and competitions
Active involvement in Houston business community
CFA Houston Society (CFAH)
Student Memberships - $100 / year
Compete in CFA Institute Research Challenge (IRC)
Will talk more about conferences on next “Events” slide
Student membership is $50 / semester and includes all lunches – on line application

14. How Do I Get In? Part I - Application & Resume
Applications and instructions ed via Campus Groups
Faculty / staff asked for opinion on applicants
Part 2 – Stock Analysis and Interview
Qualified applicants given stock to analyze and invited to interview
Interview is presentation / discussion of stock analysis and character / fit discussion
10 – 12 students accepted each semester
Preference for students pursuing careers in finance
Finance background not a requirement
Be a visible / active Jones School member
Attend / volunteer at Finance Club and Wright Fund events
Attend Wright Fund open classes – see Important Dates slide
Get to know current WF Officers and students
Be passionate about finance!!
Important dates and application dates on the next 2 slides.
Stock Analysis elective for non-WF students in Spring 2nd year.
If you are interested in finance career, I strongly recommend you join the Finance Club – most active MBA club
Also be active in the Finance Club or other activities
Talk to WF Officers

15. Important WF Dates Investment Event – Tue, Sep 20, AFC, 5:45 – 9pm
Investment professionals panel, CFAH presentation, alumni attend
30 spots for Finance Club students
Open WF Classes – Room #318
MGMT 644 Sector Presentations – Tue, Sep 13, 6:15 – 9:30pm
MGMT 643 Stock Pitches – Tue, Sep 27, 6:15 – 10pm
MGMT 643 Stock Presentations – Tue, Nov 15, 6:15 – 10pm
WF Admission Process
Application & stock ed to Listservs
Round 1 – FTMBA ‘18 only – Mon, Oct 17
Round 2 – All MBA ‘18 – Mid-Semester S17
Interview date – Round 1 – Thu, Nov 17 or Fri, Nov 18
Another info session – Early S17 before start of round 2

16. WF App Dates for S17 Admission
Part I Application ed via Campus Groups – Mon Oct 17
Applications & Resume Due – Wed Oct 26 by 11:59pm
Electronic copy submitted via
Invitations for Part II Stock Analysis & Interview – Mon Oct 31
The company to be evaluated
Details about Stock Analysis deliverables
Stock Analysis Due – Sun Nov 13 by 11:59pm
Interview Date – Thu Nov 17 evening or Fri Nov 18

17. Fixed Income Fund Profile
Course Overview
1 year course (MGMT 726 / 727), 3 credits
Thu, 4 – 6pm
4.5 credits co-reqs: MGMT 648 – Applied Finance, 645 – Portfolio Management and 651 – Fixed Income Theory
Strategic Fixed Income portfolio management
Treasuries, Agencies, CDs, Corporates, Municipals, Mortgages
Managed Assets
$2.5 million Rice endowment portfolio
Short-term, mostly credit portfolio
Simulated long-term interest rate portfolio
Admission Dates
Info Session early S17
Application ed in Term IV S17

18. WELCOME WRIGHT FUND ALUMNI & STUDENTS!!! NETWORKING TIME