UC Davis Graduate School of Management to Present Sustainability Investment Performance Research to CalPERS Board
(Sacramento, CA) — University of California, Davis, Graduate School of Management faculty will present research to a California Public Employees’ Retirement System (CalPERS) board of administration meeting on June 17 to advise the nation’s largest public pension fund on sustainability factors and the impact they have on financial performance in investments.
Carl Schramm — banker, author, educator and former CEO of the Ewing Marion Kauffman Foundation — is the commencement speaker Saturday for the 2013 graduating class of the Graduate School of Management at the University of California Davis.
“Our students and entire community have benefited greatly from Carl Schramm’s teaching, thought leadership and expertise,” said Steven Currall, dean of the UC Davis Graduate School of Management, in a news release. At the commencement, “Carl is poised to share a powerful and inspiring message.”
While U.S. oil production has increased sharply in the last five years, crude from Saudi Arabia still influences global prices and will for some time, panelists said Wednesday at a forum on energy markets.
The international oil market still depends heavily on Middle East oil exports, and a sudden disruption to its supply in Saudi Arabia would have broad implications for the U.S., said Amy Myers Jaffe, executive director of energy and sustainability at the University of California at Davis.
Professor Kim Elsbach says accomplishing big change is always difficult. One key part is “treating people with respect and dignity during the process of change,” she said, “using respectful language, not making insensitive comments. If those things are followed, any big change is going to be more successful.”
Associate Professor Ayako Yasuda shares the pros and cons of when an entrepreneur should or shouldn’t seek venture capital financing.
OPEC has lost power as oil production booms in other countries, particularly in the U.S. “They’ve basically already shot themselves in the foot,” says Amy Myers Jaffe, UC Davis executive director of energy and sustainability, who explains how OPEC spurred the U.S. to find its own oil.
It’s Mutual, We Don’t Like Hidden Fund Expenses: Professor Roger Edelen’s research shows that antsy fund managers trading holdings run up hidden costs that are higher than the funds’ declared expenses and have a significant negative impact on returns. Another good reason to stick with index investments.
Exxon Mobil has been accused of discrimination against gay, lesbian and transgender workers, Amy Myers Jaffe, executive director for energy and sustainability at UC Davis, says Exxon is mistaken to think its current stance will not be harmful to its company in the long term.
As the Bloomberg terminal scandal plays out, two camps are ratcheting up arguments. This is overblown. And we need to regulate electronic platforms.
But amid the controversy, the data breach offers uncomfortable lessons about how we conduct modern business in a digital era—and how we’re unprepared to ensure online transactions remain secure and private.
Professor Don Palmer weighs in on the lessons to be learned as the Bloomberg terminal scandal plays out.
Expense ratios are not the only cost you should be thinking about when investing in mutual funds. There’s another significant cost that’s harder to quantify, isn’t disclosed, and remains largely invisible: expenses from the trades that the fund manager makes. “On a practical level, given the current state of affairs, trading costs really are an invisible cost,” says Associate Professor Roger Edelen.
Davis-based robot maker Barobo Inc. is launching a $40,000 Kickstarter campaign Friday to jump-start sales of its new Linkbot educational robots.
The 2011 startup company develops, manufactures and markets educational robots that are programmable and can be configured to move in a variety of directions. They are modular and can be used in a series or can be used as individual units. New York-based Kickstarter is a leading crowd funding site.
UC Davis Agribusiness Executives Symposium to be held in Shanghai
Executive Education Program Brings Expertise to China
Senior agribusiness executives from throughout China will gather June 14-16 in Shanghai for an innovative business leaders’ symposium coordinated by the Graduate School of Management at the University of California, Davis.
The three-day symposium, “Growing Agribusiness in China: Scaling Up and Staying Fresh,” is designed to be a practical, interactive experience, useful for executives in all aspects of the agribusiness supply chain from farming and food processing to retail.
According to Brad Barber, finance professor at UC Davis, human creativity still plays an important role in investing because there are some things a computer either can’t do or can’t do well, including determining whether the patterns that emerge from data crunching make sense.
Many wine industry executives are hopeful that “frugality fatigue” has set in with wine drinkers, who traded down from luxury bottles to lower-priced wines during the recession.
Wine executives are reporting optimism about the future, said Robert Smiley, former dean at the UC Davis Graduate School of Management, presenting results of an annual survey of wine industry executives.
“We’re going to move back, but slowly, and not all the way back for a long time,” Smiley said. “We may not return to previous levels of conspicuous consumption.”
Alumna Christine Gulbranson Judges Contest to Find the Next Great American Innovator–and Inspire More
Discovery Channel's "The Big Brain Theory" Celebrates Extreme Intelligence, Ingenuity and Talent
By Andy Fell
UC Davis multi-alumna Christine Gulbranson is bringing her talents as a scientist, engineer and investor to a new challenge: She is one of two regular judges on a new reality TV show, “The Big Brain Theory: Pure Genius” which begins an eight-week run on the Discovery Channel on May 1.
Gulbranson MBA 96 said she hopes the show can help get young people excited about in careers in science, technology, engineering and math.
Innovation is at the heart of growth in any new sector, especially STEM-related ones, and the best driver of innovation is a diversity of perspectives, experiences, and expertise at the table. Interesting article about the lack of women in the Clean-Tech sector and how we can level the playing field. Amanda Kimball is quoted
(women) will stand out as being unique and bringing something new to the table…. women bring a perspective to the table that businesses are sorely lacking right now…” says Amanda Kimball, author of our UC Davis Study of California Women Business Leaders
- Amanda Kimball
Green Living: Professor Nicole Biggart joined executives from American Honda Motor to break ground on the Honda Smart Home at UC Davis, a showcase for environmental innovation and
renewable energy enabling technologies.
Shale boom? Amy Myers Jaffe, executive director of energy and sustainability, says California’s dream of billions in windfall oil revenue from the Monterey shale deposit running through the state may fall short as industry efforts are only receiving mixed results. Jaffe says the shale is more expensive to explore than other shale because of its many layers and complexity.
Actively managed investment funds are investments that try to pick stocks that will outperform the broad market. In Canada, active managers fail to beat the broad market, as measured by the market index, over 97 per cent of the time over a five-year period, according to Standard & Poor. One of the reasons active managers fail to beat their benchmarks is the “hidden” costs of trading.
To raise $15,000 for a new business venture, Sacramento artist Danny Scheible went the route of many creative professionals: crowdfunding. In a matter of weeks, his online appeal to launch a new line of quirky eyeglasses scooped up more than 200 interested donors.
Getting online financial backing is essential to entrepreneurs who don’t fit inside conventional boxes.
“It’s a launching pad,” said Borden, who earned a Yale degree and an MBA in entrepreneurship from UC Davis.