akamai initiative presentation

The AKAMAI Initiative

M. Maka Alves, Jr. Analyst Jonathan Fung, Jr. Analyst

October 2008 www.akamaiinitiative.org

Self-Determination from a Financial Perspective

Robert C. Howe, Chief Executive Officer, AKAMAI Capital, LLC

Louis F. Perez III, Chairman & CEO, The AKAMAI Foundation


The name says it all…

Ala Haki [ascend] – Organize the Hawaii asset management industry; new heights

Kahea [call out] – Market Hawaii to Asia-focused asset managers

Alu [unite] – Bridge the gap between industry, academia, and government

Mahi [cultivate] – Grow a new industry, a new talent pool, and diversify our economy

Amo [oversight] – Bear the burden of oversight

Imi [seek] – The continual search for improvement to the process

The AKAMAI Foundation

Hawaii-based non-profit organization

Sole Purpose: The AKAMAI InitiativePartnering industry, academia & public sector to enhance finance-related economic & educational opportunities for Hawaii

Two-Pronged Goal:Cultivate Asia-focused asset management industry in HawaiiDevelop world-class education program for growing human capital needs of the industry


Cultivate an Asia-focused Asset Management Industry in HawaiiGOAL 1


The Opportunity

Hong Kong

Japan

Singapore

Australia

Hawaii

The OpportunityThe Rise of Asia:

Asia-Pac countries move to western capital market structure

Attracts capital seeking inefficiencies and new growth oppty’s

Lowers cost of capital for companies

Spurs economic growth

Rise of middle class, surge in new HNW’s

Pension/Insurance coffers fill; family offices sprout up

Need to deploy capital

Creates demand for asset management, investment banking and private equity

The OpportunityAsia HNW’s Grow; Increase in AIS:

Asia-Pac home to 30% of world’s HNW population

Combined wealth increased to US$9.5T last year

Expected to reach US$13.9T by 2012 and replace Europe as 2nd largest regional repository of HNW

3rd straight year, region dominated world list of fastest growing HNW markets

In 2007 Asia-Pac “Ultra HNW’s” jumped 16.4% almost double the 8.8% global growth rate

Merrill Lynch – Cap Gemini Survey www.finalternatives.com 10.2.08

Phase I Study

What’s Important?

Infrastructure

Critical mass of HF peers

Availability of skilled labor

Proximity to traded market

Access to capital

Quality of life

Other

Phase II Study

What Will It Take?

Define the market niche

Ask those managers

Cost / benefit

How many will come?

Will it pencil?

Minimum efficient scale?

Must be value accretive for all parties to work

PHASE II

Underway

The Solution

The AKAMAI Asset Management Center and Manager Recruitment Program

Financial Support ServicesPrime brokerAdministratorSeeder

Administrative Support Services (legal, audit, other)Established Asset ManagersIncubator Conferencing FacilitiesEducation Facilities

Off-Shore Financial Hub Zone

What if facility was in an “Off-Shore” Zone?

We want to create an Off-Shore Financial Hub Zone

The AKAMAI Asset Management Center as the anchor facility in the Zone

Allows both Manager AND Fund to be in same location

Provides incredible advantage to Hawaii

Creates multitude of incentive options

Federal recognition of Native Hawaiians needed

Value Proposition for Hawaii

Employment

Economic Diversification

Financially Self-sustaining

Education

AKAMAI Foundation

Employment

Cultivating a New Industry in Hawaii:

High paying jobs

Kama’aina serving industry abroad return home

Multitude of ancillary support services & jobs

Opportunity for applied research

Articulates with Education: internships & training

Blue-chip cadre of partners; indy association

Education

The AKAMAI Finance Academy:

Five Year Program: high school through college

Only program of its kind in the world

Utilizes host-culture learning modality

World-class curriculum committee

Reduces; reverses brain-drain

Articulates with Employment: internships & training

Economic Diversification

Complements Hawaii and its Economy:

International investing, primarily Pan-Asia region

Uncorrelated with Hawaii economy

High income, high tax-base industry

Quick to market

Large multiplier effect

Clean & green

Financially Self-Sustaining

AKAMAI Asset Management Center

Revenues

• Rents

• Incubator fees

• Performance fees

Business Operations Education Operations

Value Proposition for Managers

Reduced Risk

Reduced Time to Market

Convenience and Quality of Life

Reduced Cost

Manager Program

Reduced Risk

Operations, Execution, Financing:

Triple redundancy clean-power backup generators

Super high-speed fiber connectivity

Satellite link backup

Disaster Recovery Plan / Business Continuity Plan

Key Partner leading marketer/seeder worldwide

On-site Conferencing facility

Reduced Cost

Suite of Discounted Services and Incentives:

Lease in customized high-tech finance facility

Seeding, Marketing

Prime Broker, Admin, P&L

Risk Management, Audit, Legal

Data, Connectivity, BCP

Tax Incentives, VISA Allotment, Other Infra

Reduced Time to Market

Streamlined Startup / Standup Process:

Convenient, all-in-one online Manager Application

Manager Program Kit

Prequalify State regulatory review

Assistance with other regulatory bodies

Broad array of Manager Program packages

Preferred Vendor Partners

Convenience and Quality of Life

Facility, Program, Life-Style:

State-of-the-Art Facility ~ leading edge efficiency

Manager Program ~ let surgeons focus on surgery

Easily trade Asia and New York in same day

Family-friendly Asia market hours

Ranked for cost of living, health, and climate

Social & cultural affinity toward Asia

Phase III Study

Funding Plan

How will it be funded?

Taxpayer dollars?

SPRB?

Private Funding?

Beneficiaries?

PHASE III

$ $ $

Phase IV: Implementation

The Takedown

Location, location, location

Architect & Engineering

Smart Design

Staffing

Marketing

Integration with Education

Now 1+1 = 3

PHASE IV

Build & Operate

Phase V: Data Collection/Reporting

Staying the Course:

Transparency

Single data collection point

Accurate and real-time measurement & management of tactical and strategic action

Financial & Operating Metrics reporting to parties

AKAMAI Asset Management Center

andManager Recruitment Program

Financial & Operating Metrics Report for Month of January 2012

Long-term Plan, Steady Progress

Long-term Plan; Steady Progress

Long-term Plan, Steady Progress


Develop world-class education program for growing human capital needs of the industryGOAL 2


AKAMAI Capital, LLC

The AKAMAI Finance Academy October 2008 www.AKAMAICapital.com

Smart Money.

Uphill battle…Want a job at a hedge fund, bulge-bracket investment bank or private equity firm?

Why?

What’s the big deal?

Why IB, PE & HF?The Rewards:

The epitome of career options within the Finance field

Rewarding and challenging work environment, with high compensation

Very high profile deal execution

Career Trajectory…The typical career path:

Investment Banking Analyst Programs (2 yrs)

Private Equity Firms (3 yrs)

Hedge Funds

35 slots 3K to 5K applicants

2009 HF Compensation ReportValidates AKAMAI Initiative Thesis:

Validates the link between Investment Banking, Private Equity, and Hedge Funds

Validates the Asia focus due to growing demand for Analysts with Asia expertise

Validates Equity Long/Short as the dominant fund strategy

Why Asia-focused?Asia is the place to be:

Asia-based funds stepped up hiring of research analysts and portfolio managers

China, Korea, Japan and India coverage needed

The majority of the hiring has come from US-based funds with a physical presence in Asia

Why Long/Short Equity?By far the largest number of firms

Among the top in terms of performance

Why Long/Short Equity?By far the largest number of firms

Among the largest in terms of size…

Demand for Talent…Poaching:

Over the last several years, increasing demand for talent forced PE shops to accelerate recruiting efforts one year into investment banking programs

To ensure access to this talent pool, HF’s have begun approaching Analysts mid-way through the first year of their investment banking programs

Demand for Talent…Geography Doesn’t Matter:

Pay aligned with quality of candidate regardless of fund domicile

Investment professionals with bulge-bracket investment banking experience are typically paid at the higher end of the comp spectrum regardless of where the hiring firm is located

Demand for Talent…More Experienced Hires:

Although demand for more senior level hires has been outpaced by the need for junior level support, hedge funds continue to hire more seasoned candidates out of private equity funds

The shortage of IB modeling and valuation skills is so great that funds are relegated to hiring MBA’s and are starting to recruit on campus

Demand for Talent…Reasons for hiring MBA’s good news for us:

Need less training…

Experience…

The possibility of a history in a specific sector and related contacts…

five years experience

we train, five year program

program structure designed todevelop sector-specific expertise and contacts

Demand for Talent…Jr. Analysts, 1-2 Years Experience:

Small Med Large V Large

Bottom Performing 159K 178K 209K 224K

Middle Performing 175K 196K 252K 269K

Top Performing 200K 240K 280K 306K

Demand for Talent…Analysts, 2-4 Years Experience:




Top Performing 305K 380K 385K 437K

Demand for Talent…Sr. Analysts, 5-9 Years Experience:




Top Performing 499K 785K 865K 1.01M

Demand for Talent…Portfolio Manager, 10+ Years Experience:



Middle Performing 557K 700K 844K 1.46M

Top Performing 750K 1.2M 1.66M 3.37M

Uphill battle…Because compensation so great, competition very intense

Hard to get – Pedigree bias toward Ivy schools

People already working in the industry tend to hire the 3 F’s:

Family FriendsFellow Alum

Uphill battle…Ivy league students forming more clubs than ever, trying to prepare for application

Same students starting to prepare earlier and earlier

Uphill battle…So how do we compete?

Build world-class training program in niche with sustainable competitive advantage (Asia-focused)

Start earlier, work longer and harder to dominate that niche

Relationships – build a network in the industry by developing and maintaining longitudinal cohesive cohort

Value Proposition to StudentsWhat if you could:

Prepare for the actual recruitment and interview process

Prepare for the IB pre-testing and in-house training program

Become expert at the job you would be doing if you were already hired and working at it for five years

Rely on a Cohort member already in the indy to ensure your CV is reviewed by key decision makers

ALL BEFORE YOU APPLY

What if…What if we could build a program to do all that…

AND

Carve out and grow a niche asset management industry in Hawaii, that relies upon the above for labor needs:

Experienced ~ experienced ex-pats currently working out of state, looking to return home

Entry-Level ~ new hires just finished training

Interns ~ students still in the program

We’re Working On It…

The AKAMAI Finance Academy Financial Analyst Training Program

Educational Model Upside-Down

You pay us?

No…

Is it free?

No…

What’s better than free?

We pay you.

better

Educational Model Upside-Down We Pay You:

Senior PM $15K $15K $30K

Junior Asst. PM $12.5K $12.5K $25K

Sophomore Sr. Analyst $10K $10K $20K

Freshman Analyst $7.5K $7.5K $15K

HS Senior Jr. Analyst $5K $5K $10K

Above only .5 FTE, so $20K-$60K full-time equivalent range

Base Salary Bonus

TotalComp

Educational Model Upside-DownBenefit to Community:

Potential lifetime earnings millions to billions of dollars

More likely to return to Hawaii; help build Finance econ

More likely to hire local talent

Drastically increase odds of Ali’i Trust progeny

Benefit to AKAMAI Capital:

Training + Comp = attracting best talent

Best talent + program = best research & analysis

Best R&A hopefully translates to best performance

Which results in…

Reinforcing theoretical concepts through fully integrated work-based applications

Aligning positive incentives (base salary plus performance bonus tied to fund performance)

Eliminating the need for students to take unrelated jobs to finance their education and living expenses

Which results in…

Leveling the playing field for even the most disadvantaged students to participate

Building self-confidence and independence

Creating a transferable track record of experience and expertise in their sector of coverage during the 5 year program period

Hedge Fund Model Upside-DownUnlike traditional hedge fund models, both the AKAMAI Japan Long/Short Equity fund will be managed by an asset management company (AKAMAI Capital, LLC) that is 100% owned by an educational non-profit organization (The AKAMAI Foundation)

No multi-million dollar salaries for fund managers here...

Ensures tuition is always free and students can get paid to work and learn

AKAMAI Capital, LLC serves as both the "school" and asset manager, managing a portion of the non-profit parent's endowment while providing students hands-on training and pay

Where do the profits go?

Any profits generated by the operation of the funds:

Are circulated back to the educational mission to improve the training program

Provide students with equipment, materials and supplies

Provide the best trainers

Pay for all costs involved in field studies and internships in Asia, etc.

What Are You Smokin’?That’s not smoke, it’s steam ‘cause I’m upset:

The giggle-factor…Hawaii? Surfing? Hula?

Not invited to the party - Dunno the secret handshakeLet’s start our own partyNo dog in the fight? Afraid to try? Get in the canoe and paddle or stay home and cook riceWe’re just as capable…we can do itGive it away - do well by doing good

StructureStructure –

Non-profit & For-profit hybrid

Benchmarked against actual fund structure

Real World Training & Experience

Why Asia?

Why Long/Short Equity?

Why The Fund Structure?

Approach Benchmarked to Market Best Practices

Real World Training

Yr PositionJob

DescriptionFall

SemesterSpring

SemesterSummerSession

1Junior Analyst

Research, EPS Modeling, and Trade Recon

Foundations of Investments I

Foundations of Investments II

Asia Field Study

2 AnalystValuation

modeling and pitch books

Valuation of Companies

Financial Markets and Institutions

Internship in Hawaii

3Senior Analyst

Trade idea generation,

testing, validation

Intro to the Hedge Fund Indy I

Intro to the Hedge Fund Indy II IB Internship

4Portfolio Manager

Portfolio Management

Portfolio Construction &

Asset Allocation I


Asset Allocation II

Internship in Asia & HF

Conference

5Fund

Manager Fund

ManagementRisk Management

& MonitoringFund

AdministrationCareer

Placement

Robert C. Howe Chief Executive Officer

S E N I O R A N A L Y S T S ‐ I N D U S T R Y G R O U P S

J U N I O R A N A L Y S T S ‐ S U B I N D U S T R I E S

A N A L Y S T S ‐ I N D U S T R I E S

Year 3

Year 2

Year 1

Chief Operations Officer

Risk Management Officer

Portfolio Manager

Year 5

Asst. Chief Operations Officer

Asst Risk Management Officer

Asst. Portfolio Manager

Year 4

Consumer Discretionary Sector Portfolio Manager

Consumer Staples Sector Portfolio Manager

Energy Sector Portfolio Manager

Financials Sector Portfolio Manager

Health Care Sector Portfolio Manager

Consumer Discr. Sector Asst. Portfolio Manager

Consumer Staples Sector Asst. Portfolio Manager

Energy Sector Asst. Portfolio Manager

Financials Sector Asst. Portfolio Manager

Health Care Sector Asst. Portfolio Manager

Year 4

Year 5

Industrials Sector Portfolio Manager

Information Technology Sector Portfolio Manager

Materials Sector Portfolio Manager

Telecom Sector Portfolio Manager

Utilities Sector Portfolio Manager

Year 4 Industrials Sector Asst. Portfolio Manager

Information Technology Sector Asst. Portfolio Manager

Materials Sector Asst. Portfolio Manager

Telecom Sector Asst. Portfolio Manager

Utilities Sector Asst. Portfolio Manager

Year 5

Fund Manager

Asst. Fund Manager

Year 5

Year 4

Real World Experience

Real World Training – Year 1

Yr PositionJob

DescriptionFall

SemesterSpring


1Junior Analyst




Asia Field Study

2 AnalystValuation





3Senior Analyst


testing, validation



4Portfolio Manager



Asset Allocation I


Asset Allocation II


Conference

5Fund

Manager Fund


& MonitoringFund


Placement

Jr. Analyst - S1Semester 1 (S1): Foundation of Investments I

Training during S1 includes five tracks:

Bloomberg Pro Analyst Research Financial Statement AnalysisExcel Speed Training (no mouse) Financial Modeling (Earnings Projection)

M. Maka Alves, Jr. AnalystSemester 1 (S1): Foundation of Investments I

Training during S1 includes five tracks:


M. Maka Alves, Jr. AnalystBloomberg Pro

The #1 Financial Data Service Platform in the WorldUsed by all major IB’s, PE’s and HF’s

Bloomberg Track consists of five sections:Analyst RecommendationsBroker ResearchCompany FilingsCompany NewsFinancial Analysis

M. Maka Alves, Jr. AnalystBloomberg Pro - Analyst Recommendations <ANR>

Breadth of coverageQuality of Coverage12M Consensus Price TargetDrives our search for research

M. Maka Alves, Jr. AnalystBloomberg Pro - Broker Research <BRC>

Now that we know who’s covering the target company, we can find and pull the best research

What does the street consider the company’s value drivers

Who does the street consider the company’s comps to be?

What is the street’s opinion on the company’s management team and their operating plans?

M. Maka Alves, Jr. AnalystBloomberg Pro - Company Filings

<CF>

Once we know the streets opinions on the company’s drivers, comps and plans, we can use this lens to drill into the company’s filings

Yuho (annual filing with the FSA, similar to the 10K in US)Annual Report

We can now begin to form our own opinions about the company and its ability to execute against its plans

M. Maka Alves, Jr. AnalystBloomberg Pro - Company News <CN>

We know the company’s operating plansWe know what the street thinks the company’s plansWe’ve begun formulating our opinion about the company’s ability to execute against its plansWe now begin to monitor real-time reports (news) of how the company is actually executing against their plan

M. Maka Alves, Jr. AnalystBloomberg Pro - Financial Analysis <FA>

We can now pull company financial data and begin building the model


Training during S1 includes:


M. Maka Alves, Jr. AnalystAnalyst Research

What are the company driversWho are their compsCompany’s ability to execute against their plan

M. Maka Alves, Jr. AnalystFinancial Statement Analysis (FSA)

Disecting the target company’s financial statements from an Analyst’s perspective

M. Maka Alves, Jr. AnalystExcel Speed Training – Kill Your Mouse!

Excel & Windows Shortcuts:CTRLAltShiftF-keys

Timed tests

M. Maka Alves, Jr. AnalystFinancial Modeling (Fin Mod)

Earnings Per Share Model12 Schedules“Pricing in” catalysts via DriversEnd-product = Forward EPS TargetApply Forward Consensus P/E MultiplePrice Target for company stockDifference between current stock price and forward price target forms basis for long or short trade recommendationTrade recommendation presented to Investment Committee via Pitchbook

Jonathan Fung, Jr. Analyst The Deliverables of S1:

EPS Model Demo

Pitchbook Demo

Jr. Analyst - S2Semester 2 (S2): Foundation of Investments II

Introduction to Microeconomics Introduction to Macroeconomics Overview of US Financial SystemOverview of Global Financial System Introduction to Financial Economics (investments and corporate finance)

Asia Field Study – Summer 1Summer Tour of Asia:

Tokyo Stock ExchangeShanghai Stock ExchangeShenzhen Stock ExchangeHong Kong Stock ExchangeIB, PE, HF Visits in the regionCovered Company VisitsCultural SitesReport Due





Year 3

Year 2

Year 1



Portfolio Manager

Year 5




Year 4











Year 4

Year 5











Year 5

Fund Manager

Asst. Fund Manager

Year 5

Year 4

Real World Experience – Year 1

Year 1: Jr. Analyst Job DescriptionJr. Analyst

Coverage Area: Sub-Industry

Reports To: Industry-level 2nd Year Analyst

Supervises: N/A

Primary Duties: EPS modeling, company-level research, sub-industry-level research EPS pitchbooks at direction of 2nd Year Analysts


Yr PositionJob

DescriptionFall

SemesterSpring


1Junior Analyst




Asia Field Study

2 AnalystValuation





3Senior Analyst


testing, validation



4Jr.Portfolio Manager



Asset Allocation I


Asset Allocation II


Conference

5Portfolio Manager

Fund Management

Risk Management & Monitoring

Fund Administration

Career Placement

Analyst - S3Semester 3 (S3): Valuation of Companies

Training during S3 includes: Introduction to Valuation Comparable Company Analysis Comparable Transaction Analysis Discounted Cash Flow Analysis Leveraged Buyout (LBO) AnalysisSummary Valuation Report - The “Football Field” Accretion / Dilution (Merger Consequences) Modeling of Analyst Coverage Area Companies Final Presentation Before Panel of Industry Experts

Analyst - S4Semester 4 (S4): Financial Markets & Institutions

How financial markets and institutions function as well as their primary roles The intricacies of market mechanisms and the microstructure of markets Case studies involving how companies are able to influence their stock price An in-depth understanding of the trading process How the use of derivatives can affect a company’s valuation

Local Internship – Summer 2Semester 2 (S2): Local Internship

Already two years training and experience

Just completed Freshman year in college

Local private equity, hedge fund or long-asset mgr

Local Internship

Website facilitates Internship process





Year 3

Year 2

Year 1



Portfolio Manager

Year 5




Year 4











Year 4

Year 5











Year 5

Fund Manager

Asst. Fund Manager

Year 5

Year 4


Year 2: Analyst Job DescriptionAnalyst

Coverage Area: Industry-level

Reports To: IndustryGroup 3rd Year Sr.Analysts

Supervises: Sub-Industry-level Jr. Analysts

Primary Duties: Valuation modeling, industry-level reports, assisting Sr. Analyst backtesting trade idea, VBA programming to Bloomberg API in advanced models, allocates capital among sub-industries in coverage area


Yr PositionJob

DescriptionFall

SemesterSpring


1Junior Analyst




Asia Field Study

2 AnalystValuation





3Senior Analyst


testing, validation



4Portfolio Manager



Asset Allocation I


Asset Allocation II


Conference

5Fund

Manager Fund


& MonitoringFund


Placement

Sr. Analyst - S5Semester 5 (S5): Intro to the HF Industry I

Benefits of Alternative InvestmentsStructure of Hedge Fund IndustrySources of DataArbitrageRelative value and directional strategies Funds of FundsSources of Return

Sr. Analyst - S6Semester 6 (S6): Intro to the HF Industry II

Emerging strategiesDetailed analysis of Equity Long/Short strategies Detailed analysis of Global Macro strategies Performance evaluation of hedge funds

IB Internship – Summer 3Summer Analyst Program at most Investment Banks

Typically takes college juniors

Will not take college seniors

THE BEST gateway into the Investment Banking world





Year 3

Year 2

Year 1



Portfolio Manager

Year 5




Year 4











Year 4

Year 5











Year 5

Fund Manager

Asst. Fund Manager

Year 5

Year 4


Year 3 Sr. Analyst Job DescriptionSr. Analyst

Coverage Area: Industry Group

Reports To: Sector-level 4th Year Asst.PM’s

Supervises: Industry-level 2nd Year Analysts

Primary Duties: Advanced modeling, Industry Group-level reports, assisting Sr. Analysts backtesting trade idea, advanced programming, allocates capital among Industries in coverage area


Yr PositionJob

DescriptionFall

SemesterSpring


1Junior Analyst




Asia Field Study

2 AnalystValuation





3Senior Analyst


testing, validation



4Portfolio Manager



Asset Allocation I


Asset Allocation II


Conference

5Fund

Manager Fund


& MonitoringFund


Placement

Jr. Portfolio Manager - S7Semester 7 (S7): Portfolio Construction and Asset

Allocation I

Introduction to linear modelsMultivariate techniquesPortfolio optimizationFactor models

Jr. Portfolio Manager – S8Semester 8 (S8): Portfolio Construction and Asset

Allocation II

CFOs and other structured investment productsCredit DerivativesCredit and volatility based hedge fund strategiesFunds of hedge funds

Asia Internship – Summer 4Internship in Japan at a:

Hedge Fund

PE Fund

Investment Bank





Year 3

Year 2

Year 1



Portfolio Manager

Year 5




Year 4











Year 4

Year 5











Year 5

Fund Manager

Asst. Fund Manager

Year 5

Year 4


Year 4 Asst. PM Job DescriptionAsst. Portfolio Manager

Coverage Area: GICS Sector as Assigned

Reports To: Sector-level 5th Year PM’s

Supervises: Industry Group-level 3rd Year Analysts

Primary Duties: Advanced modeling, Sector-level reports, assisting Asst. PM backtesting trade ideas, advanced programming, allocates capital among Industry Groups within coverage area


Yr PositionJob

DescriptionFall

SemesterSpring


1Junior Analyst




Asia Field Study

2 AnalystValuation





3Senior Analyst


testing, validation



4Portfolio Manager



Asset Allocation I


Asset Allocation II


Conference

5Fund

Manager Fund


& MonitoringFund


Placement

Portfolio Manager – S9Semester 9 (S9): Risk Management & Monitoring

Risk management tools (VaR, CaR, etc.)Due diligence process (AIMA DDQ)Performance MonitoringUnderstanding leverage and liquidity

Portfolio Manager – S10Semester 10 (S10): Fund Administration

Hedge funds business modelsAccounting for hedge fundsLegal environment of hedge fundsCompliance and the Patriot ActOperational risks of hedge funds

Job Placement – Summer 5Career Launch

The Career Placement process begins on the heels of the Year 4 Internship so that job offers are already secured before the end of Year 5





Year 3

Year 2

Year 1



Portfolio Manager

Year 5




Year 4











Year 4

Year 5











Year 5

Fund Manager

Asst. Fund Manager

Year 5

Year 4


Year 5 PM Job DescriptionPortfolio Manager

Coverage Area: All ten GICS Sectors

Reports To: Fund-level 5th Year PM and CEO

Supervises: All Sector-level PM’s and APM’s

Primary Duties: Overall portfolio P&L performance, allocation, Sector-level and Fund-level reports, allocates capital among all Sectors

Longitudinal CohesivenessCohort Database

Cultivate and maintain relationships within and between cohorts

Longitudinal CohesivenessProfile

Self-update contact details and photo means self-maintained, low cost, and real-time updates to Cohort profiles

Longitudinal CohesivenessSearching…

Quick & easy search function means never losing touch no matter where they are in the world

The Vision

Recruiting / Enrollment:Estimated at one candidate per high school (on average) = roughly 30 per class, 150 totalFocused efforts to recruit from rural, socio-economically disadvantaged areasMarketing the program to 9th graders to plant seeds for recruiting both public and private school juniors to start the program their senior year

The Vision

Candidates must have already finished:StatisticsAccountingEconomics1 year of JapaneseAlgebra 2Concurrently taking Japanese throughout ProgramMust enroll in BBA Finance degree program in Hawaii, upon graduation from high school

Running Start and Gear Up

The plan is for high school seniors to receive college credit for participation in the program by getting Year 1 curriculum (including Asia Field Study) approved by the Running Start program

Training hours for Y1 Jr. Analysts in line with Asia market days/hrs – minimal interference with high school

HIDOE Senior Project Requirements

Exceeds newHIDOESenior Project Requirements

PTPe-PortfolioSenior Project

Show Me How; Let Me Try

Guiding Principle:

Ma Ka Hana Ka Ike

“From the doing, comes the knowledge.”

CurriculaOn the Educational side of the Initiative, our primary concern is:

Develop the world’s best program of its kind

The efficient delivery of program content

The ability of haumana (students) to develop, retain, and apply expertise in the area of study

Marked-to-Market Training…Make the learning process challenging, relevant, interesting and fun

Not bound by traditional collegiate course content and performance guidelines

Free to explore a panoply of creative ideas and proven market-based training methods

Our guidelines are:What does the industry say it wants from its candidates?How can we build our brand to overcome pedigree bias and get our Cohort into the industry?

CurriculaTo the extent possible, all curricula will be:

Real and fully integrated

Benchmarked to actual market-based best practices

Complementary to job description duties

Longitudinally cumulative

Curriculum Committee

Robert Howe, CFAChief Executive OfficerGeomatrix Ltd.Chief Executive OfficerAKAMAI Capital, LLC

Hossein Kazemi, PhD, CFAProfessor of FinanceUniversity of Massachusetts-AmherstAssociate Director, Center for International Security and Derivative Markets (CISDM)Principal, Alternative Investment Analytics Inc.


Jason BellamyChief Executive OfficerBellamy Fund Management, LLC

Stephen Bryan, PhDProfessor of AccountingFordham University


Judy ChristensenAssistant Director, Non-Degree ProgramsUniversity of Hawaii, Shidler College of Business

Dennis Gaughan, Esq.PresidentAON Risk Services Hawaii


William Goetzmann, PhDEdwin J. Beinecke Professor of Finance & Management StudiesDirector, International Center for FinanceYale University

Raj Gupta, PhDDirector of ResearchCenter for International Security and Derivative Markets (CISDM)


Shantaram Hegde, PhDProfessor of FinanceAssociate Dean, Graduate StudiesUniversity of Connecticut

Bing Liang, PhDAssociate Professor of FinanceUniversity of MassachusettsAssociate DirectorCenter for International Security and Derivative Markets (CISDM)


Kaohua LucasChief Executive OfficerManu Iwa, Inc.

Mahnaz Mahdavi, PhDProfessor of EconomicsFounding Director, Women and Financial Independence (WFI) ProgramSmith College


Ferenc SandersonSr. AnalystLipper – A Reuters CompanyResearch FellowColumbia University Center on the Japanese Economy & Alternative Investments

Jot Yau, PhDProfessor of FinanceRobert O’Brien Endowed Chair of Business AdministrationChair, The Department of Finance and MSF ProgramSeattle UniversityCo-Founder, Strategic Options Investment Advisors Ltd. (Hong Kong)

Yeah, just what the world needs…

More Investment Bankers?!

No, more of OUR kind of Investment Bankers:

Beneficiaries of a socially motivated programServant Leadership Community Service

Community Service and Servant Leadership incorporated into EVERY DAY of training for the entire five-year program

Culture-based Universal Values

Community Service Servant Leadership

Yes. Just what the world needs…

Your Kuleana Too…

This is our “ohana” – our Cohort; our family, and we must take care of our own

You are “hanai” - accepted into the family as family w/o blood relation

It is OUR “kuleana” - our responsibility, to develop the program for ourselves and future members

Your Kuleana Too…

It’s a giving thing…

It’s not enough to become great at what you do; you have to give something back; make it better for the next guy; leave it better than you found it

If you’re only thinking “what’s in it for me” this is not the program for you

From Waianae to Wall Street…Will require us to cut new trail:

We need to get ma’a to this field

The only way we can truly be in control of our own destiny

Preserve the way of life: kalo to kala to kalo

Mahalo!

Questions?

akamai initiative presentation

Economy & Finance

analyst bloomberg pro

eps junior foundations

educational model upside

asia field modeling

analyst coverage area

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finance university

financial modeling