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Wealth Management Program

Program Dates: August 8 - 13, 2010
Program Tuition: $9,800 USD

Administrative Faculty

pfleiderer
  Paul Pfleiderer, Faculty Director
C.O.G. Miller Distinguished Professor of Finance; Professor of Law (by courtesy), School of Law; Graduate School of Business Trust Faculty Fellow for 2009-2010; Codirector of the Financial Management Executive Program

Paul Pfleiderer’s research is primarily focused on issues arising in financial markets when traders are asymmetrically informed. He has developed theoretical models to analyze how information is incorporated in prices through trading and how information flows determine trading volume. He has also analyzed how information is sold to investors when the value of the information is reduced the more widely it is disseminated. In addition he has studied problems in measuring active funds’ performance, contracting concerns in venture financing, policy issues related to disclosure requirements, and explanations for the stock market crash of 1987. His current research concerns corporate governance.[View Profile]

Kristi Kuechler
Senior Managing Director, Institute for Private Investors

Kristi Kuechler oversees membership and strategy for IPI and also directs content and curriculum for the firm, developing topics and reaching out to speakers for IPI programs around the country. Prior to joining IPI, Ms. Kuechler served as Director of Research for a commercial real estate firm, was Portfolio Manager for a real estate investment management firm, and taught high school history for four years. She is a 1993 graduate of Stanford University’s School of Education, where she received a Master’s degree in
Administration and Policy Analysis.


Program Faculty

sharpe

William F. Sharpe
The STANCO 25 Professor of Finance, Emeritus, Stanford Graduate School of Business

Professor William F. Sharpe is the winner of the 1990 Nobel Memorial Prize in Economic Sciences and a widely-recognized expert in the areas of macro-investment analysis and equilibrium in capital markets.
[View Profile]



Anat R Admati
  Anat R Admati
George G.C. Parker Professor of Finance and Economics, Professor of Management Science and Engineering (by Courtesy), School of Engineering; Professor of Economics (by Courtesy), School of Humanities and Sciences

Anat Admati is primarily a financial economics theorist. Her research focuses on issues related to the dissemination of information in financial markets. She has written, in particular, on trading patterns in markets where some investors may have private information, and on markets where information is sold, e.g., through newsletters or active mutual funds. She also has studied portfolio performance measurement, venture capital contracting, and the desirability of setting disclosure standards for firms. Most recently, her research interests focus on corporate governance, and she has written particularly on the role of large shareholders.
[View Profile]


Charles Jones
  Charles I. Jones
STANCO 25 Professor of Economics

Charles I. Jones is an economist noted for his research on long-run economic growth. In particular, he has examined theoretically and empirically the fundamental sources of growth in incomes over time and the reasons underlying the enormous differences in standards of living across countries. In recent years, he has used his expertise in macroeconomic methods to study the economic causes behind the rise in health spending and longevity. [View Profile]


statman Meir Statman
Glenn Klimek Professor of Finance, Leavey School of Business, Santa Clara University

Meir Statman is the Glenn Klimek Professor of Finance at the Leavey School of Business, Santa Clara University. His research focuses on behavioral finance; he attempts to understand how investors and managers make financial decisions and how these decisions are reflected in financial markets. The questions he addresses include: What is the nature of risk? How do investors form portfolios? What determines expected returns? What is the effect of sentiment? Why are investors reluctant to realize losses? Why do investors have different rules for spending from capital and income? What kinds of securities do investors like? What forces shape financial regulation?

Professor Statman’s research has been published in The Journal of Finance, The Journal of Financial Economics, Financial Analysts Journal, and The Journal of Financial and Quantitative Analysis, among others. Professor Statman is a member of the Advisory Board of the Journal of Portfolio Management and the Journal of Investment Consulting. He is a recipient of a Batterymarch Fellowship and a Graham and Dodd Award. He received his Ph.D. fromColumbia University and his B.A. andM.B.A. fromthe Hebrew University of Jerusalem.


Eric J. Schoenberg, Ph.D.
Adjunct Assistant Professor, Columbia Business School

Eric J. Schoenberg, Ph.D. is Adjunct Assistant Professor at Columbia Business School. Professor Schoenberg studies the psychology of money, with a particular emphasis on intergenerational wealth transfers and behavior in financial markets. His career has encompassed both practical experience and theoretical study in business, as Managing Director and Chief Knowledge Officer of Broadview International, a boutique investment bank; in government, as a Foreign Service Officer in the U.S. State Department; and in academia, having received a Ph.D. in Psychology from Columbia University, an M.B.A. in Decision Science from The Wharton School, an M.S.E. in Computer and Information Science from the University of Pennsylvania, and an A.B. in Biology from Harvard. Dr. Schoenberg teaches a course in Behavioral Economics and Decision Making at Columbia.

Guest Lecturers

Alexander Klikoff
Managing Partner, Fintan Partners, LLC

Alex Klikoff is the managing partner of Fintan Partners, a fund of specialized hedge funds. Fintan Partners was established in 2005 with a founding investment from Stanford University and is a continuation of Mr. Klikoff's work as managing director of Absolute Return for Stanford Management Company. At Stanford, he was responsible for all aspects of the $2 billion of Stanford University's endowment dedicated to absolute return investments. Mr. Klikoff holds an M.B.A. from the Peter F. Drucker School of Management, Claremont Graduate School, and a B.A. from the University of Pennsylvania.


Lee Hausner, Ph.D.

Lee Hausner served nineteen years as the senior psychologist for the Beverly Hills Unified School District and today serves as a clinical psychologist, business consultant and family wealth advisor to families around the world. She is the co-author of a leading treatise on business succession planning, Hats Off to You: Balancing Roles and Creating Success in Family Business Succession. Dr. Hausner and Mr. Freeman co-authored The Founder's Guide to Family Foundations published by the Council on Foundations. Author of many articles and books on the topic of wealth and family, she wrote the definitive work: Children of Paradise: Successful Parenting for Prosperous Families. Dr. Hausner is a graduate of Northwestern University (Bachelor of Arts, Psychology), San Francisco State University (Master of Arts, Psychology) and Kensington University (Doctorate, Psychology).


Rick Hayes
Managing Partner, Oak Hill Investment Management

Rick Hayes is a Managing Partner of Oak Hill Investment Management (OHIM). Prior to joining OHIM, Rick was the Senior Investment Officer for the CalPERS Alternative Investment Management (AIM) Program. With the assistance of his team, he built one of the largest, most successful portfolios of private equity and hedge fund investments in the world ($20+ billion). In addition, Rick was a member of the 5-person Senior Team managing the entire $200+ billion CalPERS portfolio. From 2000-2004, Rick served as the elected Chairman of the Institutional Limited Partners Association (ILPA), the global private equity association whose members control $1 trillion in global private equity investments. Prior to joining CalPERS, Rick had both operating and investment experience. Rick is a member of the Investment Committee of The San Francisco Community Foundation, a community foundation with over $800 million of assets. In addition, he is a member of the Golden Gate Chapter of The Young Presidents Organization. Rick earned a B.A. in Economics from Stanford University and an M.B.A. from Harvard Business School, both with honors.


Ravi Karra
Managing Director, Cambridge Associates

Ravi is a Managing Director at Cambridge Associates and joined the firm in 1994. He provides investment advisory services to a number of foundations, colleges and universities, private clients, and public funds. In addition to his client work, Ravi serves as a resource to firm-wide research on marketable securities managers including traditional common stock and bond managers as well as alternative marketable securities managers such as hedged equity funds and absolute return funds. He has also been a presenter at several firm conferences.

Before Ravi joined Cambridge Associates, he worked at Cornerstone Research, Inc., where he directed and managed complex financial and economic analyses to support business litigation on antitrust, partnership, bankruptcy, and other issues. Prior to this, he worked with Zacks Investment Research, a securities research and consulting firm, where he worked on their earnings estimates databases. He was also an accountant at Tata Engineering and Locomotive Co., Ltd. where he oversaw capital budgeting, management accounting, and inventory control. Ravi is a former trustee of Channing House and the Gunn Foundation. He graduated from Bangalore University. He also attended the Indian Institute of Management, the University of Illinois, and the University of Chicago, where he received an MBA.




Program dates, fees, and faculty are subject to change. If a program is cancelled, Stanford will refund the program tuition in full but is not responsible for travel, accommodations or other expenses incurred by the participant.

SU Seal Lin Ng
Director, Programs and Marketing
Office of Executive Education
Stanford Graduate School of Business
Phone: 650.724.7409
Toll Free: 866.542.2205 (US and Canada)
Fax: 650.723.3950
Email: ng_lin@gsb.stanford.edu