Storrs


1st Annual Risk Management Academic Conference

The Master of Science in Financial Risk Management (MSFRM) Program at the University of Connecticut will host the First Annual Academic Conference on Risk Management at Storrs, Connecticut on May 30, 2014.

Date & Time

  • May 30, 2014 (Friday)
  • 9am-5pm

Program Committee

  • Chinmoy Ghosh
  • Chanatip Kitwiwattanachai
  • Efdal Misirli

Purpose

The purpose of this conference is to bring together academic researchers at the frontier of risk management and investments. This year’s conference program includes empirical perspectives on credit contagion, hedge fund investment, fire sales, market efficiency, mutual fund investment and media visibility in financial markets, central bank borrowing and risk shifting by banks in Europe.

Invitation

The Finance Department at the UCONN School of Business organizes this conference for the first time this year, and we would like to make it an annual event where prominent scholars and active young researchers present their work and receive valuable feedback. We will be happy if you can join our conference in its inaugural run.

Presenters

1. Jean Helwege, J. Henry Fellers Professor of Business Administration at the University of South Carolina, “Do Hedge Fund Fire Sales Disrupt the Stock Market?”  (9:00 – 9:50 am)

Discussant: Namho Kang (University of Connecticut)   (9:50 – 10:05 am)

Audience Q&A. (10:05 – 10:15 am)

 

2. Jennie Bai, Assistant Professor of Finance at Georgetown University, “Non-committable Channel for Credit Contagion”.  (10:15 – 11:05 am)

Discussant: Chanatip Kitwiwattanachai (University of Connecticut).  (11:05 – 11:20 am)

Audience Q&A. (11:20 – 11:30 am)

 

Lunch & Remarks from Dean John Elliot (11:30 am – 1:00 pm)

 

3. Ron Kaniel, Professor of Finance, University of Rochester, “Making the list – the impact of WSJ fund rankings on consumer investment decisions”,  (1:00 – 1:50 pm)

Discussant: Jonathan Reuter (Boston College, NBER). (1:50 – 2:05 pm)

Audience Q&A. (2:05 – 2:15 pm)

 

4. Bing Liang, Professor of Finance, University of Massachusetts Amherst, “Hedge Fund Ownership and Stock Market Efficiency” (2:15 – 3:05 pm)

Discussant: Jean Helwege (University of South Carolina). (3:05 – 3:20 pm)

Audience Q&A. (3:20 – 3:30 pm)

 

Coffee Break (3:30 – 3:45 pm)

 

5. Phillip Schnabl, Assistant Professor of Finance, Leonard N. Stern School of Business, Kaufman Management Center, NYU “Who Borrows from the Lender of Last Resort?”. (3:45 – 4:35 pm)

Discussant: Jennie Bai (Georgetown University) (4:35 – 4:50 pm)

Audience Q&A. (4:50 – 5:00 pm)


Over 100 Participate in Business Career Center “Biz-Nite” Event

Group photo from the Business Career Center "Biz-Nite" Event.Storrs, Conn.– On the evening of February 19, more than 100 School of Business students participated in “Biz-Nite,” the Business Career Center’s spring career event. The program included 35 corporate professionals from 16 companies who engaged students in presentations about the job market as well as full-time and internship positions.

The presentations were held at the School of Business in Storrs, Connecticut where there was a palpable energy as employers’ marketing banners lined the hallways. Steve Wolfberg ’81 (CLAS), principal and chief creative officer at Cronin and Company Marketing Communications, had this to say about the event:

“Biz-Nite was a great experience. UConn School of Business students are smart, prepared and curious. Hopefully they learned as much from me as I did from them.”

In addition to top key corporate partners, the evening also welcomed new presenters from the Boston Celtics, CareCentrix, Bouvier Insurance, and Cronin and Company. “Biz-Nite had a variety of employers, and as a student, I was able to hear about companies and the opportunities at them as well as talk with recruiters and have an informal interview,” said Nicole Nonnenmacher ’16.

Before, during and after the information sessions, students were able to network with business professionals and to deepen relationships developed at the Fall Career Expo.

At the end of the evening all students who had attended two or more sessions were entered into a drawing for two tickets to a Celtics basketball game at the TD Garden in Boston, Massachusetts. A junior MIS student was the lucky winner of the tickets, which were generously donated by Jillian Paine, inside sales manager of the Boston Celtics.

Pictured: Steve Wolfberg and Lindsey Wolejko, Cronin & Company, with School of Business students.


2014 Alumni Hall of Fame Inductees Announced

Storrs, Conn.– Induction ceremony set for May 2nd at Hartford Marriott Downtown.

On May 2, 2014, a distinguished group of business leaders and alumni will be inducted into the University of Connecticut School of Business Alumni Hall of Fame.

The 2014 Hall of Fame Inductees are:

James V. Agonis ’71
Chief Executive Officer and President, Retired, AirKaman Cecil, Inc.
Jacksonville, FL

Kevin A. Bouley ’80
President and Chief Executive Officer, Nerac, Inc.
Tolland, CT

Brigadier General James S. Creedon ’53, USAF, Retired
President, Creedon Consulting, LLC
Litchfield Park, AZ

Joann L. DeBlasis ’76, ’83 MBA
President, Accident & Health Division, Navigators Re.
Ridgefield, CT

Amy J. Errett ’79
Chief Executive Officer and Co-Founder, Madison Reed
San Francisco, CA

Lisa R. Klauser ’90
President, Consumer & Shopper Marketing, Integrated Marketing Services
Upper Saddle River, NJ

The School of Business Hall of Fame recognizes alumni who have achieved outstanding success in their business careers, made significant impact on their industry or field of business and have been actively involved in their communities.

“We are pleased to honor and recognize this year’s inductees for their business excellence, professional achievements and extraordinary public service,” said John Elliott, dean of the UConn School of Business. “They are truly inspiring individuals and set a great example for the next generation of business leaders.”

The 2014 honorees join more than 100 individuals previously inducted into the Hall of Fame since its inception in 1993.

This year’s induction takes place on Friday, May 2nd at the Marriott Hartford Downtown at 200 Columbus Boulevard at 6:00 p.m.

Reservations and sponsorship information can be obtained by contacting the School of Business Office of Alumni Relations at frances.graham@business.uconn.edu or (860) 486-0315.



John Fodor Named 2012-13 Outstanding Alumnus

Portrait of John Fodor.Storrs, CT – John Fodor ’85, executive vice president, sales & distribution, The Capital Group/American Funds, has been named the 2012-2013 Outstanding Alumnus for his exceptional support of the Marketing Department, including the recent establishment of the Fodor Family Scholarship Fund. Fodor, an ’85 graduate of the College of Liberal Arts and Sciences and varsity-letter football player (receiver and safety) wanted to align his commitment to both academics and athletics through this endowment. The Fodor Family Scholarship will be awarded annually to varsity student-athletes pursuing a minor or certificate in Professional Sales through the Program of Sales Leadership, who have a demonstrated financial need, and who are engaged in a University community service or community outreach program.

In a recent conversation, John Fodor offered, “I wish they had this program when I was at UConn. In all my years in business, I have seen that those that have the ability to ‘sell’ themselves, which can present, motivate and persuade others, achieve the most success in their careers. This holds true across all vocations, not just professional salespeople. An accountant, marketer, really anyone who aspires to lead an organization needs to master these skills. The unique experiences and skills gained through the UConn Program for Sales Leadership will enable graduates to be more marketable in today’s competitive job market, and prove invaluable as they venture out in the business world. Who wouldn’t want to help support that?”

At American Funds, John is responsible for broad distribution efforts, including Non-U.S. Retail, Separately Managed Accounts, Insurance, and a host of other Capital Group solutions. Prior to joining American Funds in 1993, he was a senior account supervisor for CIGNA Group Pension. John is a member of the Financial Industry Regulatory Authority; he sits on the Board of several charitable organizations, including The Foundation for Financial Planning, an industry group committed to delivering pro bono financial planning to those in need.

John lives in Southborough, MA with his wife, Sally, and their two daughters, Sarah and Jessica.


Planning for Connecticut’s Economic Future: UConn goes to Israel to expand academic partnerships

“STORRS – A delegation of UConn’s top administrators visited Israel for 10 days in late October and early November, to explore ways to expand partnerships and collaborations with the country’s leading academic institutions.

The trip is especially timely as the state launches Next Generation Connecticut and Bioscience Connecticut, two collaborative initiatives with UConn aimed at building the state’s economy through educational opportunities, research, and innovation in the fields of science, technology, engineering, and math (STEM), and bioscience.”

View Article


From Food Delivery to Junk Removal: An Entrepreneur’s Journey to Success

Josh Cohen ’05 came to the School of Business to study real estate, but through his on- and off-campus activities, discovered an entrepreneurial drive that led him in another direction.

As a delivery guy at Wings Over Storrs, Cohen learned quickly that the faster he was able to deliver wings—and communicate accurate delivery times to customers—the better tips he would receive. This knowledge stayed with him as he seized every business opportunity that came his way as a student, remembering timeliness and communication as key guidelines for providing excellent customer service.

Partnering with his roommate, his first entrepreneurial venture was to develop themed t-shirts for UConn’s annual Spring Weekend, which they then sold to students and around town. Cohen also served on the UConn Co-op Board of Directors.

“I had a great experience at UConn,” says Cohen. “I made great friends and picked up quite a few entrepreneurial skills.”

Those skills have served him well; the ability to identify and capture opportunity has taken Cohen on a path he had never imagined.

Junkluggers: The Idea

During a semester abroad in Wollongong, Australia, a new friend mentioned to Cohen that he had made $100 hauling away a neighbor’s refrigerator. Cohen immediately saw an opportunity waiting to be seized back at home. Though he already had a real estate internship lined up upon his return to the States, Cohen used his spare time to make some extra cash by removing unwanted items from people’s homes. Advertising his removal services by handing out flyers, Cohen started receiving phone calls and service requests.

Upon graduation, he moved on to a corporate career in commercial real estate sales and development, but chose to continue the removal service on the side. Over time, Cohen came to realize that there was a bigger demand than he was able to service in the “junk-lugging” business. Taking a leap of faith (and a significant cut in pay), he left the real estate industry to pursue his entrepreneurial passion and grow his own business: Junkluggers.

Starting in a small location in Fairfield, Connecticut, Cohen quickly started to hire friends to help with the manual labor needed to run the business, and the company began to expand.

“The foundational knowledge I received from the UConn School of Business really helped,” says Cohen. “I knew that differentiation would be important, and that we would have to clearly communicate our key selling points to customers.”

So what is unique about Junkluggers? It’s green, eco-friendly focus.

“We don’t just take items to dumps,” says Cohen. “We donate whatever we can, recycle, and then trash what is left. For donated items, we mail customers the receipts so they can use them for their tax returns,” he adds.

From his work experience in real estate and even at Wings Over Storrs, Cohen knows that communication and timeliness are of the essence in any customer-facing business.

“I [also] knew from my IT classes how helpful technology can be for communication and for managing a business. Using that knowledge, we built our proprietary software to help us communicate and identify where to allocate resources,” says Cohen.

Junkluggers Today

Today, Cohen has grown his one-man side job into a full-fledged business, with approximately 65 employees servicing three company-owned locations and five franchises. One of the franchise owners is his brother, Zach Cohen ’09. An accounting major, Zach worked on Junkluggers’ bookkeeping while he was a student at the School of Business. Now he’s also honing his entrepreneurial skills as a business owner.

Junkluggers has grown to service the New York tri-state area, from south of Hartford, Connecticut to Philadelphia, Pennsylvania. The company expects sales for this year to reach three million dollars, and doesn’t plan to stop there. Junkluggers has big plans for expansion, aiming to add ten more franchises between Boston and Virginia in 2014.


Colloquium Announcement: Bridging the Gap between Business and Human Rights

Multinational corporations can deeply influence human rights. Inspired by the United Nations Guiding Principles of Business and Human Rights, the UConn School of Business, together with the Indiana University Kelley School of Business, the UConn Human Rights Institute, and the Northeast Utilities Chair in Business Ethics, bring you the following events to facilitate participation of business in the human rights dialogue:

Workshop: Converging Interests of Business and Human Rights*

May 15, 2013 1:15 – 2:45 pm
Student Union, Room 304B
Executives in Residence: John Sherman, General Counsel Senior Advisor and Secretary of Shift Project;
Kate Emery, CEO The Walker Group and reSET (Social Enterprise Trust)

How can business entities incorporate the principles of human rights into their organizational practices? This workshop will explore the barriers and opportunities for civil society groups to embed human rights values within the internal structure of organization. Participants will examine the impact of linguistic barriers, organizational culture, and the profit-making motive of corporations as factors that impact the understanding of human rights in business practice.

*Sponsored by the World Affairs Council of Connecticut

Book Discussion: An Analysis of “Just Business: Multinational Corporations and Human Rights” by John Ruggie, Ph.D.

May 15, 2013 3:00 – 5:00 pm
Student Union, Room 304B

John G. Ruggie is the Berthold Beitz Professor in Human Rights and International Affair at Harvard’s Kennedy School of Government and the United Nations Secretary General’s Special Representative on Business and Human Rights. His new book “Just Business: Multinational Corporations and Human Rights” tells of how the UN Guiding Principles were developed and discusses how firms can operationalize those principles in a competitive marketplace. This session will discuss Professor Ruggie’s new book and explore its implications for advancing respect for human rights in business enterprises.

For more information about these events, or to RSVP, please contact Michele Metcalf, Program Manager, at michele.metcalf@business.uconn.edu


20th Anniversary Hall of Fame Induction & Awards Celebration 2013

On Friday, May 3, 2013 the UConn School of Business celebrated the 20th Anniversary of its annual Hall of Fame Induction and Award Celebration. Around 200 guests gathered in the Rome Ballroom on the Storrs, Connecticut campus to celebrate the occasion.

The annual School of Business Hall of Fame celebration recognizes UConn alumni who have achieved outstanding success in a business career while at the same time making significant contributions to their profession and community.
This year’s alumni inductees are Mark P. Coville ’79, Managing Director, Trading & Liquidity Strategy, BlackRock; Myron Dickstein ’61, Owner, Myron Dickstein LLC; Craig A. Douglas ’77, Vice President and Treasurer, Stanley Black & Decker, Inc.; and S. Brian Simons ’60, Owner and Chief Executive Officer, OEM Controls, Inc.

Twelve School of Business students were honored as Hall of Fame Student Fellows. The student fellows are selected by their programs based on academic excellence as well as school and community involvement. The Student Fellow awardees are: Undergraduate Program: Travis J. Bloom ’13, Emily M. Finn ’13, Brian Laureano ’13; Full-time MBA Program: Dawei Zheng ’13 MBA; Hartford Part-time MBA Program: Maria A. Falvo ’12 MBA; Stamford Part-time MBA program: Elizabeth P. Lowe ’13 MBA; Waterbury Part-time MBA Program: Donald Rogers ’12 MBA; Hartford EMBA Program: Julian S. Gross ’13 MBA; MS in Accounting Program: Kristina K. Allen ’09, ’13 MSA; MS in Financial Risk Management Program: Rodrigo A. Toledo ’13 MSFRM; MS in Business Analytics and Project Management Program: John R. Wilson ’13 MSBAPM; and Ph.D. Program: Hang Thu Nguyen.

UConn School of Business Ackerman Scholars and 2013 Faculty Award recipients were also recognized.

Pictured (L-R): Myron Dickstein ’61, School of Business Dean John Elliott, Craig A. Douglas ’77, and Mark P. Coville ’79


Bridging the Distance between UConn and Asia

This article first appeared in the UConn Business magazine, Volume 3, Issue 2 (Spring 2013)

Alumnus David Jou supports students with scholarship

jou

For David Jou ’89 CLAS, ’92 Bus, and his family, bridging the distance between UConn and Asia has become a tradition they’d like to share with other students. The Jou Family Scholarship fund will support that goal, providing financial support for international students accepted to UConn and for American students at UConn who study in Asia.

The scholarship fund, established by Jou with a pledge of $25K every year for five years, will also help students with their
travel costs.

“Our training at UConn had a significant impact on our lives and our careers,” says Jou, who received his master’s degree in mathematics in 1989 and his Ph.D. from the School of Business in 1992, while his wife Frances received her master’s degree in mathematics in 1990. Their son graduated with honors from the College of Liberal arts and Sciences with a degree in actuarial science in 2011.

“Time went by almost too quickly for us,” say Jou of his time in Storrs. He returned in 2011 to Ph.D. at the School of Business commencement ceremony when his son graduated.

After receiving his degree from UConn, Jou returned to Taiwan where he taught finance and risk management at National Taiwan University. He also served as chairman of the Taiwan Insurance Institute, a professional think tank, and served as a CEO for a major life insurance company in Taiwan. He is currently the chief financial officer of Taikang Life, one of China’s largest life insurance companies, which is currently preparing for an initial public offering on the Shanghai and Hong Kong stock exchanges.

Frances Jou is an associate of the Society of Actuaries and currently serves as an associate professor and head of the Department of Risk Management and Insurance at Ming Chiuan University in Taipei. Both encouraged their son to attend UConn and continue the tradition.

“We would like to see more students from Taiwan going to the University of Connecticut,” says Jou. “And we would like to see UConn students learning more about Taiwan and the rest of Asia, which is an important market in the global economy.”

Jou has fond memories of his mentor, Gene Sellers, who was the assistant dean of the Graduate School of Business. “He was so helpful and supportive of us. I remember telling him that, if I were successful, I would try to give back to the school so it could help develop other talented men and women. I am happy my family is able to make that wish come true.”