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SBU SIMM 

St. Bonaventure University Students in Money Management  DEC. 2017

NYC
Check out our Chicago Trip Preview

#SIMMChallenge PLUS
Alumni and students come together to Current managers

accomplish the #SIMMChallenge.   discuss the

leadership

transition
#SIMMCHALLENGE  by: Carlos de la Rosa

Marketing has always been something SIMM has struggled with in past years. But this
year, a lot can great things can be said about the marketing team. Twitter is reaching more
followers, Facebook is up and running, and the website has been redesigned to make it
easier to navigate. The biggest accomplishment, however, was the #SIMMChallenge.

As many of you may already know, St. Bonaventure University alumni Christopher and
Eileen Kinslow, along with the advisory board of Students in Money Management (SIMM)
issued a $16,250 challenge match back in the month of September. The Bonaventure
community and members of SIMM were challenged to raise $16,250 in order for the
Kinslows to contribute $10,000 while the rest of the board members funded what was left.
The goal had to be met in six weeks and, not surprisingly, the goal was met.

The #SIMMChallenge was fun for the marketing team. It required getting the word out and
creating content that was consistent with the message we wanted to send. David Yousif,
Samantha Kuchinski and I created videos and pictures with the intent of generating interest
and driving traffic towards the fundraiser. The general managers of SIMM, Gunnar Schifley
and Christopher Branche, made this super easy. Thanks to their willingness to help with the
videos, we were able to create informative videos to post on the website.

Overall, this was a huge accomplishment for everyone involved in SIMM. Everyone in
SIMM should be proud because everyone played a pivotal role in beating this challenge!

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ENERGY FUND UPDATE
Our Energy Fund has experienced returns of -.59%, this has
drastically outperformed the energy sector, looking at XOP the SPDR
Oil and Gas Producers ETF with a -8.58% return.

We believed that with the aftermath of the hurricanes and


Venezuela decreasing their production would have offsetting effects
on oil. On top of this OPEC was expected to extend production cuts
further to increase the price of oil, helping the Saudi IPO next year.
Our holdings over the semester have been long WTI and short Brent.
Because both are crude oil, it allows us to hedge our risk while still
seeing returns when US production slows.

Due to the uncertainty of the oil market and political unrest, we


will want to continue with a neutral market strategy going forward.

By: Mike DiSpigno, Class of 2019

Adam Talmage, Fund Manager


Keep Reading 

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EQUITY FUND UPDATE
This quarter, the Equity Fund had a return of 6.15%,
outperforming the return to the S&P 500 for the same period. We
have seen strong returns for our Technology and Financial holdings,
as well as our holdings in the Healthcare sector. We have been able
to realize some gains from these holdings and expect steady returns
going forward.

The Fed has hinted at another rate hike being announced at the
end of this year or early next year, after seeing two rate hikes earlier
this year. We have also seen some uncertainty tied to two reforms,
the healthcare reform and the tax reform. While the healthcare
reform has struggled to pass, there is still uncertainty revolving
around healthcare and we plan to continue to monitor our healthcare
holdings. The tax reform recently passed through the Senate and it
plans to lower corporate tax rates, but it is uncertain how
significantly this will affect firm performance and earnings.

We have been able to add more diversity to the fund by investing


in small to mid-cap stocks, and we hope to take advantage of the
high growth potential from these stocks. Going forward we are
looking into increasing our exposure in foreign markets, however,
there is added risk when investing in foreign markets.

By: Sydney Cassagnol, Class of 2019

Keep Reading 

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NYC TRIP  By: Sam Kuchinski, Class of 2018

We took our annual NYC trip this November for some great networking and
informational meetings. It was a great experience being able to look at several
avenues of the finance industry, and the different work environments each of
these companies have.

Bloomberg L.P. was the first stop of the trip, where we got a tour of their building and learned a lot
about their work environment based off of their 3 “Fs”: flowers, fish, and food. We also had a very informative
seminar about some of the career paths they have at Bloomberg, from Gerard Cafaro.

From there we went to Key Banc Capital Markets, where we met up with a SIMM Alum Ryland
Wiseman and his boss Agapito Morgan. There we had a great lesson that really dug deep into what
investment banking is.

We finished the day’s company meetings at: RBC


where we met several St. Bonaventure alumni and learned
about yet another corporate environment.

We ended the day at Fools Gold in Lower Manhattan for the


alumni social. A special thank you to all the alumni that showed up to Students at Key Banc NYC office

socialize. It was a great night full of food and socializing with some great
people.

We started the next morning at Barclays with Sean Lynch. There we learned some more about
investment banking but also learned a lot about interviewing and applying for jobs.

Next, we went to Bank of America US Trust Merrill Lynch where we met a few
alumni. There we got to see their trading floor which was an awesome experience. We also got to meet some
employees who used to work at the stock exchange and how their current job at BoA was supplemented by
their experiences.

Finally, we ended our trip at the NYSE. There we got to meet with a few traders and learn how the stock
exchange has changed over the years. It was fitting we ended our stay at the NYSE and the trip with the
closing bell, which was a very exciting event.

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Manager Turnover 
by: Iniabasi Ikpot

Student-Run organizations have been a hallmark of


Saint Bonaventure Education; these applied learning
experiences transform students into adept
professionals. At the core of the core of these
student-run organizations are the student leaders and
directors. These leaders, like all students, have to
conduct the balancing act between School, a social
life (Op Op) and planning for their futures. This is no
small feat alone but these leaders are also tasked
with creating and facilitating an environment
conducive to experiential learning.
Left to Right: Connor Murphy, Christopher Branche, Taylor Douglas, Mike
One does not become a director overnight; it is a DiSpigno, Sydney Cassagnol, AJ Loughry, Samantha Lancour, Alex Feyche,
Caitlin Cook, Adam Talmadge, Gunner Schifley
process that begins with commitment. Through
collaboration, and working with past managers, SIMM
members learn what is important to be successful.
Senior Connor Murphy describes how through
experience he gained the scope to and desire to lead

“Freshman year I started out in the club as a member of


the Energy sector (not the fund). Being that I was
interested in becoming a finance major, I thought that the
club would allow me to gain real-world experience. From
that point on, I was in and out of the club through my
sophomore year and really picked it back up in my junior
year as an analyst for the Tech and Discretionary sector.
From here, I applied to become a manager because I had
been in the club for quite some time and thought I had the
knowledge and experience to help drive the fund to new
Connor Murphy, Human Resource Manager heights.”

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Manager Turnover cont...

“I joined SIMM at the beginning of my freshman year (last


school year). I tried to apply myself from the start even
though I didn’t understand much at first, but worked hard
to stay involved so I could try to earn a leadership position
early on. Becoming a manager forced me to come out of
my comfort zone; I had to take on a large amount of
responsibility, including constant communication with
dozens of alumni and planning networking trips.
Considering I’m younger than most people in the club it
was especially intimidating to enter a leadership position
Caitlin Cooke, Assistant Human Resource Manager but I made the adjustment.”

Catlin Cooke ‘20 on making the leap to director following


her freshman year.

Every board has their share of difficulties, but with such a large turnover
this current SIMM board had to deal with a variety of problems from a
personal and group-oriented point of view

SAMANTHA
LANCOUR
Operations manager

“I would say the biggest obstacle facing such a large turnover of leaders is that we do not
have the time to accomplish the changes that we want to, and those ideas as a new leader
are usually very good ideas. Typically the SIMM Leader is only in that position for one year,
and the first two months of that position is just trying to find your footing. Then summer
comes, and you have a brand new group of students joining SIMM. With members coming
and going, it makes it hard to start new projects, or expand on current projects.”

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Thanks For Reading! 

Find out more about SBU SIMM at sbusimm.org