Emory Center for Alternative Investments
Encyclopedia
The Emory Center for Alternative Investments is a part of the Goizueta Business School
at Emory University
. The Center seeks to provide independent research to the Alternative Investments Industry through papers, conferences, and education. The Center primarily focuses on the needs of Institutional Investors as they navigate the many options available in the Alternative Investment
Industry but also partners with asset managers to conduct research in an effort to remain objective. The Center for Alternative Investments focuses on Hedge Funds, Private Equity
, Venture Capital
, and Real Estate
.
The primary objective of the Center for Alternative Investments is to provide cutting edge research and thought leadership for the most important challenges faced by Institutional Investors who invest in Alternative Investments. Its research aims to advance a variety of problems ranging from best practices to a global understanding of issues as they relate to public policy and industry perception.
In addition to this focus, the Center was conceived as a meeting place for people interested and active in alternative investments. The Center also aims to engage students and practitioners alike through classes, executive education, seminars, and networking events. An open forum for discussions among the leaders in these fields will be critical to understanding and charting the future.
is a top ranked business school, offering programs for Undergraduates, Executive MBA, Evening MBA and Full-Time MBA, as well as a doctoral students. The faculty is renowned, having been recently ranked in the top 10 most influential in Marketing, Finance and Accounting by the Chronicle of Higher Education. In 2011, the Undergraduate BBA program was ranked third in the nation by Businessweek.
Goizueta Business School
Goizueta Business School is a private business school of Emory University located in Atlanta, Georgia, USA. It is named after Roberto Goizueta, a former president of The Coca-Cola Company.-Academics:...
at Emory University
Emory University
Emory University is a private research university in metropolitan Atlanta, located in the Druid Hills section of unincorporated DeKalb County, Georgia, United States. The university was founded as Emory College in 1836 in Oxford, Georgia by a small group of Methodists and was named in honor of...
. The Center seeks to provide independent research to the Alternative Investments Industry through papers, conferences, and education. The Center primarily focuses on the needs of Institutional Investors as they navigate the many options available in the Alternative Investment
Alternative investment
An alternative investment is an investment product other than the traditional investments of stocks, bonds, cash, or property. The term is a relatively loose one and includes tangible assets such as art, wine, antiques, coins, or stamps and some financial assets such as commodities, private equity,...
Industry but also partners with asset managers to conduct research in an effort to remain objective. The Center for Alternative Investments focuses on Hedge Funds, Private Equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
, Venture Capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
, and Real Estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
.
History
In 2007, Emory University’s Goizueta Business School received a $10 million gift to establish the Emory Center for Alternative Investments. In the Spring of the following year, Klaas Baks was appointed Executive Director of the Center.The primary objective of the Center for Alternative Investments is to provide cutting edge research and thought leadership for the most important challenges faced by Institutional Investors who invest in Alternative Investments. Its research aims to advance a variety of problems ranging from best practices to a global understanding of issues as they relate to public policy and industry perception.
In addition to this focus, the Center was conceived as a meeting place for people interested and active in alternative investments. The Center also aims to engage students and practitioners alike through classes, executive education, seminars, and networking events. An open forum for discussions among the leaders in these fields will be critical to understanding and charting the future.
Goizueta Business School
Emory University’s Goizueta Business SchoolGoizueta Business School
Goizueta Business School is a private business school of Emory University located in Atlanta, Georgia, USA. It is named after Roberto Goizueta, a former president of The Coca-Cola Company.-Academics:...
is a top ranked business school, offering programs for Undergraduates, Executive MBA, Evening MBA and Full-Time MBA, as well as a doctoral students. The faculty is renowned, having been recently ranked in the top 10 most influential in Marketing, Finance and Accounting by the Chronicle of Higher Education. In 2011, the Undergraduate BBA program was ranked third in the nation by Businessweek.
Course Offerings
- Venture Capital and Private Equity
- Distress Investing
- Doing Deals: Private Equity
- Illiquid frontiers in Alternative investments
- Applied investment management
- Investment Banking
- Corporate governance and restructuring
- Securities analysis and portfolio management
- Advanced managerial finance
- Fixed income securities
- Derivative asset analysis
Publications
- On the Valuation of Venture Capital and Private Equity Securities
- The Decision to go Private
- Constraint on the Control Benefits of Brokerage: Evidence from U.S. Venture Capital Fundraising
- Embedding inter-organizational relations in organizational members' prior education and employment networks
- Risk and Expected Returns on Private Equity Investments: Evidence Based on Market Prices
White Papers
- Interest alignment in the Private Equity Industry
- A research agenda for alternative investments: a Limited Partner’s perspective
Alternative Investments Group
The Center sponsors a student group on campus, the Alternative Investments Group, which facilitates student involvement with the center through sponsoring case competitions and by bringing industry speakers to campus. The group consists of juniors and seniors at the Goizueta Business School who want to expand their understanding of alternative investments and hope to pursue a career in alternative investments.Case Competitions
Each year the Alternative Investments Group hosts a number of case competitions open to graduate and undergraduate students. The competitions include a Hedge Fund Competition wherein competitors devise an investment strategy and execute it over a three-month trading period, a Venture Capital Competition that allows students to simulate making an investment with an entrepreneur, and a Private Equity competition where competitors construct a buyout of a public company and pitch their investment recommendation. All of the competitions are judged by professionals actively working in the respective industries, giving the participants the unique opportunity to receive feedback and advice from experts at hedge funds, venture capital shops, and private equity funds.AI Network
The Center’s extended alumni network, The Alternative Investments Network, serves Emory alumni, students, and their colleagues who work or are interested in alternative investments, including private equity, hedge funds, venture capital, and real estate. The organization connects and expands the Emory community in these fields, and offers an ongoing series of events and opportunities in support of this effort. The network has established a presence in both the New York and Atlanta areas, and allows members to become integrally involved with Center and expand their professional networks.Faculty
- Klaas Baks (Executive Director)
- Roy Black (Director of Real Estate Program)
- Mark Bell
- Jeffrey Busse
- Kevin Crowley
- Narasimhan Jegadeesh
- Kathryn Furman
- Roman Kraeussl
- J.B. Kurish
- Chris Rider
- Tina Stark
- Nicholas Valerio