In the News
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.
Graham Ryland is passionate about creating robots that inspire young people to pursue careers in engineering and science. He focused on modular robotics for his graduate work at UC Davis, and was bitten by the entrepreneurship bug at the UC Entrepreneurship Academy in 2008—an early experience with the Child Family Institute for Innovation and Entrepreneurship that has deepened into a rewarding relationship. In 2010 Ryland founded Barobo Inc., an educational robotics start-up, with his faculty advisor, College of Engineering Professor Harry Cheng.
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.
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.
Sometimes innovation requires constraints, according to UC Davis Graduate School of Management Professor Andrew Hargadon in his series for Capital Public Radio.
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.”
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.
Chinese Deluge U.S. Master’s Programs
Overseas Students Seek Specialized Degrees to Win Competitive Edge, and B-Schools Enjoy Revenue in Tough Time
When the business school at the University of California, Davis, started its master’s program in accounting last year, administrators expected to attract aspiring accountants from nearby colleges. What they got instead was a wave of interest from overseas: Roughly two-thirds of the 189 applications received for last fall’s entering class came from Chinese citizens.”Frankly, we were shocked at the deluge of applications…for what we saw as a program that prepared students for a U.S.
Leadership Lessons: What Do Executives at Amazon, Citigroup and Whole Foods Market Have in Common?
Blog by Dean Steven Currall
Former chairman and CEO of Citigroup, Sandy Weill ran the world’s third largest financial institution. Amazon.com soared from a $9 billion to a $70 billion company with Mark Onetto in charge of the supply chain and customer service for the world’s largest Internet retailer. Whole Foods Market co-CEO and co-founder John Mackey has grown a single store in Austin, Texas, founded in 1978, into an $11 billion Fortune 300 company.
Davis Roots, co-founded by Professor Andrew Hargadon, is fertile soil for growing start-ups in Davis as an incubator for technology spun out from UC Davis.
UC Davis Graduate School of Management alumnus Benjamin Finkelor, executive director of the UC Davis Energy Efficiency Center, has earned a 2013 Green Leadership Award from the Sacramento Business Journal.
The Business Journal’s Green Leadership Awards seeks to honor those who “have a strong commitment to making the Sacramento region a thriving hub for clean technology.”
CalPERS’ Simpson keeps a close eye on investments
Anne Simpson is embarking on a mission to make sure all managers and investments connected to CalPERS toe the line on ESG
The Graduate School of Management is advising CalPERS, the nation’s largest public pension fund on standards for integrating environmental, social and governance issues across its internally and externally managed $250 billion portfolio. Senior Portfolio Manager Anne Simpson heads up the initiative in partnership with Dean Steven Currall.
In President Obama’s second term, his administration is looking for a greater push toward improving energy technology and responding to climate change. Amy Myers Jaffe, executive director of energy and sustainability at UC Davis, says funding is “better spent in the area of research & development and fundamental science and not so profitable in supporting existing businesses.”