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The GW Investment Institute

With its combination of world-class instruction, industry outreach and networking, the GW Investment Institute is a global leader in applied research and investment education.

The institute provides students with critical real-world investment experience and invaluable professional networking opportunities. The foundation of the institute is GW’s Student Investment Funds, which provide students the opportunity to manage real capital, interact with industry practitioners in the classroom, and connect with investment leaders.

Connect With Us

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Spring 2018 Investment Institute Report

Our program has grown dramatically. We have big plans for the near future as we seek to transform the institute into the largest investment education program of its kind.

Read the Report

 


Student Resources

Access Financial Times articles using a GWSB group subscription

Set up Google Alerts for companies you follow

Are you interested in pursuing a career on Wall Street? The new GW Wall Street Drive, created by those who have made it from GW to Wall Street banks, provides a comprehensive guide to navigating the competitive recruiting process from start to finish. This resource will equip you with the tools you need to kickstart your career in one of the most competitive industries in the world.

Access the GW Wall Street Drive (via Handshake)

Applied Portfolio Management - GW Ramsey Student Investment Fund and Applied Financial Security Analysis - GW Phillips Student Investment Fund

Applied Financial Security Analysis: Real Estate - GW Real Estate Student Investment Fund

Investment Analysis: Venture Capital - GW Venture Capital Student Investment Fund

Applied Financial Security Analysis: Fixed Income - GW Fixed Income Student Investment Fund

 


Student Investment Fund Pitch Day

image - GW Investment Institute Stock Pitch Days logo

Save the dates! Join us on April 26 and 27, 2019 for the next GW Stock Pitch Days, which feature students bringing their A-game to pitch investment ideas to GW board members and local investors.

Register Here

View highlights from our inaugural 2018 Stock Pitch Day.


Student Investment Funds

 

image - GW Ramsey student investment fund logo

GW Ramsey Student Investment Fund

  • RSIF was Established in 2005 with a $1 Million Gift from W. Russell & Norma Ramsey
  • MBA Students: 15 to 20 Each Semester; +300 to Date
  • Portfolio Monitored & Managed by Students Through Sector Teams & Stock Pitch Sessions
  • Value Investing Philosophy & Approach: Graham-Buffett-Munger
  • Fundamental Security Analysis Techniques Taught & Employed
  • Guest Lecturers from the Investment Industry for Learning & Networking
  • Assets Under Management: Over $2 Million
  • Instructor: Rodney Lake

 

image - GW Phillips student investment fund logo

GW Phillips Student Investment Fund

  • Established in 2008 with Capital Provided by a Diverse Group of Donors
  • Named in Honor of Former GWSB Dean Susan Phillips
  • Undergraduate Students: 30 Each Semester; +400 to Date
  • Portfolio Monitored & Managed by Students
  • Value Investing Philosophy & Approach: Graham-Buffett-Munger
  • Fundamental Security Analysis Techniques Taught & Employed
  • Guest Lecturers from the Investment Industry for Learning & Networking
  • Assets Under Management: Over $1 Million
  • Instructors: Rodney Lake, Matt Miller, Arun Muralidhar

 

image - GW Venture Capital student investment fund logo

 

GW Venture Capital Student Investment Fund

  • Applied Investment Analysis: Venture Capital (Launched Spring 2017)
  • MBA & Undergraduate Students: 15 to 20 Each Semester
  • Examine & Participate in Venture Capital Business Cycle: Raising Capital, Generating Deal-Flow, Evaluating Business, Exit Strategies
  • Fundamentals of Evaluating Business & Markets
  • Partner with GW Office of Innovation & Entrepreneurship & New Venture Competition

 

image - GW Real Estate student investment fund logo

 

GW Real Estate Student Investment Fund

  • Applied Security Analysis: Real Estate (Launched Spring 2018)
  • MBA & Undergraduate Students: 15 to 20 Each Semester
  • Value Investing Philosophy & Approach: Graham-Buffett-Munger
  • Fundamental Security Analysis

 

image - GW Fixed Income student investment fund logo

 

GW Fixed Income Student Investment Fund

  • Applied Security Analysis: Fixed Income (Target Launch: Fall 2018)
  • MBA & Undergraduate Students: 15 to 20 Each Semester
  • Conservative & Defensive Approach
  • Fundamental Security Analysis

Advisory Board and Team

Management

photo - Rodney LakeRodney Lake


Mr. Lake is a Teaching Instructor of Finance, the Deputy Chair of the Department of Finance, the Director of the GW Investment Institute, and a GW Faculty Member in Residence at the George Washington University School of Business.

Mr. Lake teaches graduate and undergraduate investment courses, where students manage real capital. To date, the Assets Under Management (AUM) across the GW Investment Institute’s student funds are approximately $5.2 million.

As the deputy chair of the Department of Finance, Mr. Lake assist the chair of the Department of Finance with administrative tasks on classes and ways to enhance the student experience.

Additionally, Mr. Lake is the director of the GW Investment Institute, where he raises capital for the GW student investment funds portfolio and manages employees of the institute on a daily basis.

Mr. Lake has also served as a mentor-in-residence supported by the GW Office of Innovation and Entrepreneurship. Instructor Lake provides guidance, coaching, support and connections to students with a goal to enhance entrepreneurship at GW.

Prior to Mr. Lake’s current appointment in the GWSB Department of Finance and the GW Investment Institute, Mr. Lake worked as a senior investment officer in the George Washington University Investment Office. The GW Investment Office was responsible for managing the university’s then $1.5 billion endowment fund.

Prior to that, Mr. Lake was a senior financial analyst in the Executive Vice President and Treasurer’s Office at GW, where he served as an internal consultant for projects ranging from financial and optimization modeling to developing spin-out strategies and valuations for internal businesses. Prior to joining GW, he was a financial analyst in portfolio management at a mortgage banking subsidiary of California Federal Bank (now part of Citi).

Mr. Lake graduated cum laude from West Virginia Wesleyan College with a Bachelor of Science degree in business. He received his MBA from the George Washington University.

Email Mr. Lake
 

Matthew MillerMatthew Miller


Matt is a Senior Financial Associate with RBC Wealth Management and joined the Ross Group in 2015. He serves as a member of the portfolio team working on client portfolio construction, management, and allocation. Prior to joining RBC Wealth Management, he worked at FBR Capital Markets in its Institutional Equity Sales & Trading group and then at Fannie Mae as part of its Fixed Income Securities Marketing group. Matt holds his Series 7 and 66 security licenses.

Born and raised in the D.C. area, Matt is from Laytonsville, MD, and graduated from Good Counsel High School.  He attended Cornell University where he graduated in 2005 with a B.S. in communication, concentrating in applied economics and management. While attending Cornell, Matt was a four year member of the Varsity Baseball team, and served as captain of the team his senior year. 

Matt earned his MBA in finance and investments from The George Washington University in 2012 and is currently an Adjunct Professor of Finance at GW.  He teaches a Phillips Student Investment Fund class, which allows students to analyze companies and manage a real-money equity investment portfolio.


Advisory Board

Rhoda PeritzRhoda Peritz


Ms. Peritz was previously the managing director and chief operating officer for BlackRock’s America’s Fixed Income investment business.

From 1991-2014, Rhoda was with Barclays and its predecessor, Lehman Brothers, where she served in a variety of senior management roles. At Barclays she was the Global Chief Operating Officer for Distribution and Head of Client Strategy across the Fixed Income, Equity and Prime Services businesses for all regions. While at Lehman, Rhoda was Head of Fixed Income Institutional Middle Market and Corporate Cash sales.

For many years, Rhoda was also the global chief operating officer and head of Client Strategy for Fixed Income. Earlier on, she was an institutional product marketer for preferred stock and investment grade corporate bonds. Throughout her career, Rhoda has also led a number of global firm-wide initiatives. She began her career at Andersen Consulting (Accenture predecessor) in the financial markets practice.

Steven RossSteven S. Ross


Steve is a senior vice president at RBC Wealth Management. He began his career with Ferris, Baker, Watts (FBW), acquired by RBC Wealth Management in 2008, as a $3.65 an hour intern on September 19, 1979 and is proud to say he has never moved desks.

Over his 36-year career, Steve has managed portfolios for a wide range of individuals and institutions striving to meet their investment and financial goals.

Steve graduated with honors from George Washington University in 1981 and he holds the Series 7, 63, and 66 securities licenses as well as the Certified Financial Planner designation.

Steve was elected to the George Washington University’s board of trustees in 2006 and also served as a Board Member for the Kennedy Institute in Washington, D.C.

Prior to FBW’s merger with RBC Wealth Management, Steve served on FBW’s Board of Directors and Chaired its Retail Advisory Board.  Currently, Steve is a member of RBC Wealth Management’s Chairman’s Council, which recognizes the firm’s top 120 financial advisors, and serves on RBC Wealth Management’s Equity Leader Advisory Council.

Mark Anfang


Mark Anfang is a portfolio manager at Scopus Asset Management. Prior joining Scopus Asset Management, Mark co-founded Tide Point in 2012 and built the firm into a hedge fund focused on global cyclical equities for institutional investors.

Mark has over 15 years of industry experience and has spent most of his career as a sector specialist analyzing and investing in global chemical, material, and industrial companies. 
Prior to founding Tide Point, Mark was a Senior Analyst and Portfolio Manager at Harbor Watch Capital Management, a $2billion hedge fund, and was responsible for chemicals, metals & mining, automotive, commodities and agricultural companies.

From 2005 to 2008, Mark was a senior analyst at Amaranth Advisors and Diamondback Capital. Mark started his career at SAC Capital where he was a trading assistant working directly with portfolio managers and sector investment teams. Throughout his career, Mark has maintained strong industry relationships with over 200 global companies and management teams, and has developed proprietary financial models that help analyze and identify differentiated, non-consensus investment opportunities.

Mark graduated from the George Washington University with a Bachelor of Business Administration in Finance in 2002. He currently lives in Scarsdale New York with his wife Jessica and two children Taylor and Jay.

photo - Samuel EisnerSamuel Eisner


Samuel Eisner is a vice president in the Investment Banking Division (IBD) at Goldman Sachs, where he is responsible for managing client relationships in the Industrial sector.

Prior to transitioning to IBD, Samuel was a member of Global Investment Research (GIR) where he lead coverage of the Americas Building Products and Small and Mid-Capitalization Industrial sectors. Prior to joining Goldman Sachs in 2013, Samuel was a research analyst at William Blair and began his career at Sterne, Agee, & Leach, Inc.

Samuel graduated from the George Washington University School of Business with a BBA and dual concentrations in Finance and International Business.

Marcus KristinKristin Marcus


Kristin Marcus is a managing director at Highfields Capital Management LP, a Boston based value-oriented investment management firm managing over $12 billion in assets for endowments, foundations, pension funds and other institutional and private investors. She has been with the firm since its founding in 1998 and in her current role since 2007.

Prior to joining Highfields Capital, Ms. Marcus was employed at Evare L.L.C. as a project manager and at Harvard Management Company where she worked as a senior trading analyst and as a foreign operations supervisor. Ms. Marcus received a B.B.A. from GW in 1990 and an M.B.A. from Suffolk University.

Jared GolubJared Golub


Jared Golub is a founding member and Partner with Marblegate Asset Management where he is responsible for generating, evaluating, executing and managing investments in a portfolio of distressed and special situation assets across a variety of industry sectors.

Mr. Golub has sat on a variety of official and ad-hoc creditor committees, and has been deeply involved in a number of corporate restructurings in both the United States and abroad.

Prior to joining Marblegate, Mr. Golub was a Director and Partner at Miller Buckfire & Co., where he was responsible for advising and executing restructuring, financing, mergers and acquisitions, and strategic advisory transactions. Throughout the course of his career at Miller Buckfire, Mr. Golub raised approximately $3 billion in capital and restructured approximately $15 billion worth of liabilities. In addition, he coordinated the firm’s analyst and associate recruiting program. Mr. Golub was a founding member of Miller Buckfire in 2002 and previously was part of the financial restructuring group at Wasserstein Perella & Co., which he joined in 2000.

Mr. Golub has a B.B.A. in finance, summa cum laude, from the George Washington University and was a member of the varsity crew team. He has over fifteen years of distressed experience and lives in Rye, NY, with his wife and two children.

James Carruthers Jr.


Mr. Carruthers served as Portfolio Manager of Third Point LLC from 2005 to 2013. At Third Point, Mr. Carruthers specialized in shorting small-company stocks. Prior to this, he was a Founding Partner and Analyst at Eastbourne Capital Management, L.L.C. Mr. Carruthers joined Eastbourne Capital in April 1999.

Prior to that, he was an Analyst at RSIM from September 1996 to March 1999, where he was a Principal. For the five years prior to joining RSIM, Mr. Carruthers was an independent Securities Analyst providing security specific research to the investment community and other related professionals, including RSIM.

From 1988 to 1990, he was an Analyst and Portfolio Adviser with the Feshbach Brothers in Dallas, Texas. Prior to his work in the investment industry, Mr. Carruthers was employed in various senior management roles in the information systems business including positions with Martin Marietta Data Systems and American Management Systems. He serves as a Director of Advanced BioNutrition Corp.

Mr. Carruthers received his M.B.A. from the George Washington University and B.S. degree in Business from the University of Maryland.

David AsperDavid Asper


David Asper, through Asper Group, works with venture founders/teams in investing, fund raising, advisory, and governance activities.

Asper Group investment thesis focuses on seed /early-stage venture developments addressing e-commerce and marketplace platforms, mobile, and technology-enabled content businesses. Interesting sectors are consumer, retail, financial services, telecom, high-tech, and life sciences/wellness-health... in the U.S. and in transatlantic/pacific developments.

David, now a Senior Partner Emeritus, is in the process of withdrawing from A.T. Kearney after 30+ years as an equity partner. As a client partner, his focus areas included large-scale restructuring actions, organization and operating model transformation, performance turnaround/improvement initiatives, M&A/PMI, and growth strategies. David served multinational clients extensively throughout Americas, Europe/Middle East, and Asia-Pacific. Client service focused on telecom, high-tech, financial services, PE, and automotive sectors.

Throughout his partner years, David served A.T. Kearney in numerous Firm leadership and Board roles, including: lead partner for the global Financial Services practice and for the Economics Consulting group; NA practice head for the High-tech practice; Finance Committee Chair and Partner Chair of the Firm’s Board of Directors; and as a co-head of the Firm’s Ventures fund.

David received his M.S. in Business from the George Washington University and B.S. degrees in both Engineering and Business from the University of Colorado at Boulder. David was a Commissioned Officer in the U.S. Public Health Service.

Mark LevineMark Levine


Mark Levine joined Core Capital in 2000 from GCI Venture Partners, an early stage technology venture capital fund that he founded and that was an early investor in webMethods, one of the most successful software IPOs in NASDAQ history.

Prior to Core, Mark served as an officer, responsible for corporate development and strategy, of GEO-CENTERS, a technology firm with more than $200 million in revenue when it was acquired by SAIC. Previously, Mark was Subcommittee Staff Director for the Small Business Committee in the U.S. House of Representatives.

Mark serves on the Board of Trustees of the Mid-Atlantic Venture Association (MAVA), the Board of Advisors of both the George Washington University School of Business and the Dingman Center for Entrepreneurship at the University of Maryland, and the Advisory Board of Marshfield Associates.

Mark received his MBA from the George Washington University.

George WelldeGeorge Wellde


George W. Wellde, Jr. has been a member of the Board of Directors of Fortress Investment Group LLC since August 2009. Mr. Wellde served as Vice Chairman of the Securities Division at Goldman, Sachs & Co. from 2005 until his retirement in 2008.

Prior to that, he was head of North America Sales for the Fixed Income, Currency and Commodities division. Mr. Wellde joined Goldman Sachs in 1979, became a partner in 1992. In addition, he was branch manager of the Goldman Sachs Tokyo office and head of its Fixed Income Division from 1994 to 1999.

Prior to joining Goldman Sachs, he worked for the Federal Reserve Board of Governors in Washington from 1976 to 1979. Mr. Wellde is currently on the Board of Trustees of George Washington University and is a member of the Investment, Audit and Finance and Executive committees.

Additionally, he is a member of the Investment Committee of the University of Richmond where he previously served on the Board from 2000 to 2010 and as the Chair of the Board from 2006 to 2010. He currently serves on the Board of the Partnership for Public Service in Washington, D.C. and is a member of the Council on Foreign Relations. Mr Wellde also served on the Board of the Gavi Alliance from 2001 to 2014 on the Executive, Governance and Investment committees.

Mr. Wellde holds a B.S. from the University of Richmond and an MBA from the George Washington University.


Alumni Advisors

Steven KeatingSteven Keating


Steven Keating is the Director of Investments at St. John’s University in New York, where he oversees the University’s $650 million endowment under the direction of the Investment Committee.

Prior to joining St. Johns’s University, Steve was an Investment Officer in GW’s Investment Office where his responsibilities included identifying investment opportunities across all regions, sectors, and asset classes; recommending investment implementation strategies; new investment manager sourcing, selection, due diligence; ongoing investment manager monitoring and analysis; and in-depth, fundamental research.

Steve’s involvement with the Ramsey Student Investment Fund (RSIF) spans nearly 7 years. Steve is a RSIF alumnus and before becoming an Advisor, Steve was a co-instructor. Additionally, Steve is a co-chair of the annual Ramsey Student Investment Fund Conference.

Steve holds a Master of Business Administration in Finance and Investments and a Bachelor of Business Administration in International Business and Marketing, both from GW. He was a Presidential Administrative Fellow where he worked in GW’s Office of the President and Office of the President Emeritus.

Francisco CastilloFrancisco Castillo


Mr. Castillo has over 11 years of experience focused on performing fundamental analysis, modeling, forecasting, and communicating financial information in both the private and public international sector. He currently works for the IDB as a Senior Associate. Prior to the IDB, Mr. Castillo was a Financial Credit Analyst in Banca Afirme Mexico. Mr. Castillo holds a bachelor’s degree in accounting from the UANL and received his MBA from the George Washington University. He is an alumnus of the Ramsey Student Investment Program.

Evan VandeveerEvan Vanderveer


Vanshap Capital is a deep value, globally oriented investment management firm, minority owned by Markel Corporation. Vanshap employs a research-intensive process to identify businesses run by disciplined management teams trading at low multiples of tangible book value or cash earnings. Prior to launching Vanshap, Mr. Vanderveer was an analyst at deep value manager, Aegis Financial Corporation. Mr. Vanderveer is a graduate of The George Washington University, where he earned a Bachelor of Business Administration degree, with a concentration in finance.


Teaching Assistants 

photo - Xiaonan ZhanXiaonan Zhan


Xiaonan Zhan is currently a graduate student at the GW School of Business pursuing a Master's degree in Business Analytics. She holds a BSc in Finance Accounting and Management from the University of Nottingham.

During her studies, Ms. Zhan was an analyst for L'Oréal consulting program and won the Nottingham Advantage Award. She also worked with China Mobile on financial analytics and business development projects. Xiaonan plays the piano for over 15 years and performed Mozart on Nottingham Christmas Concert.

After graduation, Xiaonan plans on seeking job opportunities that will utilize her analytical, interpersonal, and communicative skills.

photo - Steven McAuleySteven McAuley


Steven McAuley is currently a senior at the GW School of Business, majoring in Finance with a minor in Economics. He is the Vice President of Fundraising for GW Relay for Life and a young entrepreneur having started a convertible Hardtop business in high school.

Steve has had a variety of internships in corporate finance departments, federal government agencies and law firms. The variety of his internships reflect his diverse array of interests but to the surprise of everyone he talks to, he is very interested in Insurance. Two of his favorite activities are grabbing a chai latte with business men and women of any organization or chatting about cars.

After graduation, Steve will be joining Deloitte Consulting in their Government and Public Services division in Rosslyn, VA.

photo - Michael ReadyMichael Ready


Michael Ready is a Senior double majoring in International Affairs & Economics. He has been with the Investment Institute since October of 2018, and is now the Teaching Assistant for the Venture Capital Student Investment Fund.

Before joining the Investment Institute, Michael worked in the GW Innovation Center, Startup Chile, and most notably, he co-founded George Hacks,  a student-led hackathon at GW. Mr. Ready is working hard to integrate engineers with business students through George Hacks, in order to foster a culture of entrepreneurship among his classmates.

He is currently seeking opportunities for after college, hoping to gain experience in international affairs, economic development, venture capitalism, or entrepreneurship.


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