IC Newsletter - 11/21
IC Club Members,
Hope everyone is having a great week. Check out the latest from IC below!
Announcements
HBS IC keeps it rolling with two more stock pitch competition victories! Shoutout to Alyssa Wilson and Hishgee Jargalsaikhan for winning 1st Place at the Women in Investing MBA Pitch and Ray Liu, Oliver Martin, and Jack Kong for winning 1st Place at the MIT Sloan Stock Pitch Competition! LETS GO!
Upcoming Events
No events this week but we will be back I promise!
Treks
Virtual IC Trek - Week of November 28th
More details to follow but we will be sending over some invites for zoom’s with different funds throughout that week!
NYC Investment Club Trek - December 13th 5:00am - 6:00pm ET
We are excited to announce details for the annual NYC IC Trek, which will be on December 13rd. We will be visiting some of NYC's top funds including Maverick Capital, Marshall Wace, and Balyasny Asset Management, who are all actively recruiting for summer interns and/or fulltime positions. This trek is an excellent opportunity to network with investment professionals and alumni at these funds and to ask your questions.
Treks will be open to both RCs and ECs. Investment Club will be covering bus transportation early morning on December 13 (~5 AM) to NYC and back to Boston in the evening (~6 PM). Depending on firm office capacity, there will be a limited number of spots available, so please apply ASAP after the signup form is opened this Sunday 11/20 at 1 PM ET. Please only sign up if you are confirmed attending for the full day -- once we confirm the list of attendees, the firms will be receiving names/resumes of everyone attending and will know if you do not attend. Also, consistent with previous years, we will require a $100-150 deposit to secure your spot in the coming week.
The signup form is linked: here.
Alpha Fund
This is an EXCELLENT opportunity to practice your pitching skills and get feedback ahead of interviews! You can pitch anything you want - longs, shorts, international, event-driven, spinoffs, whatever!
If you are interested in submitting a pitch, please fill out this form: https://forms.office.com/r/mRbhwMJ6wN w
SumZero Upcoming Pitch Competition
As has become tradition, in the coming month we'll be opening the submission window for our annual Top Stocks investment competition. This year, for the first time ever, we're going to be running a parallel, Rising Stars challenge, allowing folks not currently on the buyside, the opportunity to submit their own ideas into the contest.
That said, we would love for you and other members of your investment club to join us in our Rising Stars challenge.
How to get started with SumZero?
Simply join as a member (free) and look out for upcoming emails from SumZero related to the contest and the submission window. *I will also be in touch as we draw closer as well.
For those that ultimately join the competition, they will immediately gain the following:
Immediate exposure to our buyside investment community
Further, the judges panel of our Top Stocks competition regularly consists of 40+ senior members in the industry, often from some of our larger allocators and funds
Access to the SumZero Job's Board where many of our funds place open positions throughout the course of the year
Free access to the entire buyside research database for the following 3 months
The winner of the Rising Stars challenge and their report will be highlighted in our widely distributed Top Stocks 2023 PDF alongside other members of the buyside
The opportunity to speak at our Top Stocks 2023 Investor Summit in February 2023 alongside the other winners as well as guest speakers
Currently, legendary value investors Mohnish Pabrai and Guy Spier as well as Tyler and Cameron Winklevoss will be attending as guest speakers among our other buyside winners. More guests to be announced in the coming week(s) as well.
Resources
IC Trial Accounts (Capiq, Tegus, Canalyst, and more)
Investment Club works with a number of data providers to bring more research tools to our members, in addition to what is available to HBS students through the Baker Library. You can find the details of the IC Trial Accounts here, which include access to modeling database Canalyst and expert network Tegus. A number of our EC board members used these services in the busy recruiting season last year and found them to be helpful for preparing for stock pitches.
Healthcare / Biotech-Specific Investing Resources
For those interested in biotech, please check out the following recommended resources:
News and Blogs: Endpoints, STAT, Fierce Biotech (note: not supported through Baker Library)
Podcasts: Bio Eats World, Atlas Ventures Biotech Review, LifeSciVC
Firms: Polaris Partners, Arch Venture Partners, Orbimed, Atlas, Flagship, 5AM Ventures, RA Capital, and Third Rock
Full-time Opportunities
Think Investments - Analyst Opportunity
Think Investments (“Think”) is an investment firm founded in 2013 by Shashin Shah and headquartered in San Francisco. Think invests globally in public and private companies with a multi-year time horizon and an emphasis on creative primary research. The firm specializes in backing technology-led early stage businesses and partners with high quality management teams who are looking to build differentiated businesses with high returns on invested capital. Apply here: https://mba-business-harvard.12twenty.com/jobPostings#/jobPostings/35006701895617
Anomaly Capital Management - Analyst Opportunity
Anomaly Capital Management (“Anomaly”) is a long-short equity hedge fund that launched in 2020. Anomaly seeks to generate consistent alpha for investors, partners, and employees in all market environments. Apply here https://mba-business-harvard.12twenty.com/jobPostings#/jobPostings/35006701853886
Pzena Investment Management - Research Analyst
Pzena Investment Management is a global investment management firm that employs a classic value investment approach. Since we began managing assets in 1995, our solid return record and reputation for business integrity, research excellence, and dedication to our investment philosophy has led to significant growth in our business. That philosophy is simple: buy good businesses when they go on sale. We manage approximately $45 billion in assets for leading corporate, public, and individual clients.
https://mba-business-harvard.12twenty.com/jobPostings#/jobPostings/35006701871963
TA Associates - Fintech VP, Boston
Hope you had a great weekend! We are kicking off a search for TA Associates, a well-known growth private equity firm that recently raised Fund 14 at $12.5Bn (exceeded their target of $10.5Bn) and has seen continual success and growth. They look at everything from founder owned businesses to sponsor-to-sponsor transactions and their equity checks range from $125m to $600m+. Their FinTech team is looking for a mid-level that will lead investments across Financial Services, FinTech, payments, wealth management, insurance and more. TA provides long-term mentorship, a tremendous amount of forward-facing leadership and is a high growth environment. They are looking for a post-MBA 2023 to join their Boston office. Email stacey@carterpierce.com for more info!
Gauge Capital - VP, Dallas, TX
By way of introduction, I’m Jerelyn Ontiveros from Gauge Capital. For quick context on Gauge, we have ~$2 billion assets under management and recently raised our $850M 3rd fund. The performance in our first fund was top decile (with the second fund on a similar trajectory). Gauge’s main industries of interest are: business services & technology, food & consumer, healthcare, beauty, as well as GIT (government, industrial, transportation, and logistics).
We will be on Harvard’s campus giving a corporate presentation on Tuesday, December 6th at 4:30pm in Aldrich 007. Attached is the job description for the Vice President 2023 Intern role we are currently hiring for. Given we are based in the DFW area of Texas, we’d love to make introductions to individuals who would be interested in that geography, in addition to a top-performing PE firm in the industries mentioned above.
NGP - VP, Dallas, TX
We are working with an esteemed, Dallas-based private equity firm with over three decades of experience and success managing a $20B+ family of energy-focused private equity funds.
By consistently achieving top decile returns investing across the energy value chain (including the energy transition and oil & gas spaces), this team of industry veterans has established a reputation as a leader at the forefront of the energy industry.
Given the team’s history of successful fundraising and continued growth as they are currently in the market raising three different funds, the firm is looking for an Associate to join them for a near-term or Summer 2023 start in what has the potential to be a career-track seat. This new hire will have the opportunity to work on investments across the firm’s flagship fund/strategy and the energy transition platform. Email Elizabeth at DSPNY for more info!
See y’all soon!
Tyler & Alyssa