(Davis, CA) — The University of California, Davis, is a powerful economic engine for Northern California, generating $6.9 billion in annual economic activity and accounting for 69,000 jobs, according to research released today.
Asset allocation and investing in alternatives more specifically are the main reasons for success at elite endowments, according to a new paper co-written by Professor Brad M. Barber and Guojun Wang of UC Davis.
This article reports how undergrads from historically black colleges and universities will be able to take classes at University of California business and management schools as part of the UC Summer Institute for Emerging Managers and Leaders will rotate between six campuses, including the UC Davis Graduate School of Management.
The success of Harvard’s endowment in recent decades helped popularized a new approach to university endowment investing that generated enormous gains. But when the 2008 financial crisis hit, Harvard’s fund took a bath and exposed weaknesses in its asset management approach. Harvard’s experience offers lessons for financial advisors increasingly interested in alternative investments. Professor Brad Barber’s latest research is cited in the article.
The University of California is launching the Summer Institute for Emerging Managers and Leaders fellowship program for students from historically black colleges and universities through six business and management schools. This article reports that the Graduate School of Management will be one of the fellowship’s host schools.
This article about the value of the private equity industry cites the research of Associate Professor Ayako Yasuda, who found in her study “The Economics of Private Equity Funds” that among their sample funds, about two-thirds of expected revenue comes from fixed-revenue components that are not sensitive to performance.
This article about the venture capital industry in the current economic and political climate cites Associate Professor Ayako Yasuda’s 2010 study “The Economics of Private Equity Funds” which found that private-equity firms now get around two-thirds of their revenues from fixed fees, regardless of performance.
This article cites Professor Paul Griffin’s recent study, “Going Green: Market Reaction to CSR Newswire Releases” and compares the study’s findings with efforts to put pressure on companies to disclose greenhouse emissions and to develop strategies to reduce them.
This article about the new Consumer Financial Protection Bureau cites Professor Brad Barber’s 2000 study “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” in which he and co-author Terrance Odean from U.C. Berkeley looked at 10,000 investor accounts and found that the average retail trading decision is usually ‘wrong’ over the course of the following year.
UPDATE: Andrew Barkett is leaving his post as senior engineer at Facebook to bring his decade of experience in Silicon Valley to become the first-ever chief technology officer for the Republican National Committee.The June 4 announcement has stirred a whirlwind of media coverage, including the Huffington Post and Washington Post.Bark
Agilent Technologies’ Electronic Measurement Group is a $3.6 billion business that over the past decade has seen a dramatic shift in its customer base from U.S., and Western European customers to predominantly Asia-based customers. Today, the majority of the division’s revenues are generated outside of the U.S., with an increasing concentration in China.
(Davis, CA) — The UC Davis Graduate School of Management’s full-time MBA program has been ranked among the top six percent of AACSB International-accredited programs nationwide, according to U.S. News & World Report’s latest graduate business school rankings released today.