|Message From the Director
If the recent global financial crisis has taught us anything, it is the importance of understanding how global capital markets operate on both a macro and micro level, and just how interconnected Wall Street and Main Street really are. In addition, as hundreds of millions of people globally emerge from poverty to middle class status, and as defined benefit plans (traditional pensions) give way to defined contribution plans (IRAs, etc.), making good investment decisions has become even more critical. As governments rack up more and more debt, funding it can be increasingly costly. Making poor investment and finance decisions can cost society dearly.
Founded in March 2000, the Stephen D. Cutler Center for Investments and Finance advances the understanding and practice of investments and finance in our global economy. The center supports the finance faculty and its valuable research, which allows both individuals and executives to make better decisions. Through the "live money" Babson College Fund (BCF), we help train future investment managers. We help develop student leaders in investments and finance by sponsoring student-led organizations, such as the Babson Investment Management Association (BIMA) and Babson Corporate Finance Association (BCFA). The Cutler Center promotes thought leadership through hosting leading speakers from academia to government to investment management who present and interact with our faculty, students, alumni, and business leaders.
Please let us know how we can include you in our Cutler Center programs and activities.
Cutler Center Events
Bruce T. Herring '87
Chief Investment Officer
Fidelity Management and Research Company
Topic: Research and Portfolio Management
European Debt Crisis Panel
Professors: Neal Harris, Stephen Deets, and Frederic Chartier
Raising Capital Panel (collaboration with the Blank Center)
Moderator: Professor Richard Bliss
Neil Smith M'02
Founder, Equity Metrics
Topic: Value Creation in Business
March 25, 2011
Save the Date
Fourth Annual BIMA Conference
Please see our website for additional Cutler Center events.
Cutler Center News
In Memory of Rajeev Vijayan
During the summer, we experienced a sudden passing of one of our part-time MBA students, Rajeev Vijayan. Rajeev was co-president of BIMA, and had been accepted to the Babson College Fund. He will be missed.
Babson College Ranked #2 in the U.S. in Financial Management by Bloomberg Businessweek among undergraduate business schools!
MBA Finance Concentrations
The finance division is happy to announce two finance concentrations for MBA students: investments and corporate finance. See the full details of the concentrations.
The Cutler Center has been collaborating with the CFO RoundTable, a professional organization of approximately 200 CFOs, since late spring. They have hosted select networking and speaker events at Babson, including Professor James Hoopes on ethical challenges in June, and a half-day conference, Law School for the CFO, in September.
Faculty News and Research
Professor Gang Hu recently published, "Is Dividend Smoothing Universal? New Insights from a Comparative Study of Dividend Policies in Hong Kong and the U.S.," with Thomas Chemmanur, Jie He, and Helen Liu, in the Journal of Corporate Finance 16, 2010, 413-430.
"OLIVE: A Simple Method for Estimating Betas When Factors Are Measured with Error," with J. Ginger Meng and Jushan Bai, in the Journal of Financial Research, 2010, forthcoming.
List of Professor Hu's publications.
Also, congratulations to Professor Hu for receiving the Babson College Faculty Scholarship Award.
Senior Lecturer, Craig Stephenson, published a case with Harvard Business Publishing. The case is titled "Flash Memory, Inc." It's a corporate finance case involving financial forecasting, capital budgeting, cost of capital, and evaluating financing alternatives. Read the case at the Harvard Business Publishing's website.
The Cutler Center and Finance Division would like to welcome three new finance adjunct lecturers:
Spencer Adams, Gregg Beloff and Ed Chazen
Babson College Fund News
The fall semester has started and we would like to welcome twelve undergraduates and nine MBA students as managers of the Babson College Fund (BCF) for the 2010-2011 academic year:
Heidi Bachman, MBA candidate, Kelly Clement M'11, Megan Cyr '11, Nick Dager '11, Bryan Eger '11, Kyle Fitzpatrick '12, Jeff Fritz M'11, Natalia Grigoras '11, Talal Iliya '11, Scott Kern '13, Larina Kleynerman '11, Richard Morse M'11, Khanh Ngo '12, Andrew O'Brien '11, Matt Ristuccia, MBA candidate, Samuel Soria-Santos M'11, Gordon Stead M'11, Jeff Theobald M'11, Karan Vazirani '11, Sam Wear '11, Brad Weafer M'11, and Zhuang Zhao '11.
The BCF has also added two new executives-in-residence, Charles Mangum and Rick Mace, both former Fidelity Fund managers..
Library Resources News
Let's welcome an all-star group of Cutler Center student workers for the 2010-2011 academic year:
Larina Kleynerman '11, BCF member
Khanh Ngo '12, BCF member
Zhuang Zhao '11, Senior, BCF member
Nick Dager '11, BCF member
Kyle Klempner '12
Jose Gaigbe-Togbe '12
Student Organization News
We welcome Matt Ristuccia, MBA candidate, as the 2010-2011 BIMA President
Fourth Annual BIMA Conference
Save the Date - March 25, 2011
See the calendar of events for the BIMA 2010-2011 academic year.
The Finance Immersion Program (FIP) has transitioned into the Babson College Corporate Finance Association (BCFA). The BCFA is a student-run organization that provides students interested in careers in corporate finance with the resources and guidance to achieve their professional goals. The organization presents opportunities to learn about the range of careers in corporate finance and to develop their professional networks, as well as facilitates relationships with alumni and faculty, and fosters a sense of community among students.