Michael Buckley – Fordham Now https://now.fordham.edu The official news site for Fordham University. Tue, 19 Nov 2024 23:37:16 +0000 en-US hourly 1 https://now.fordham.edu/wp-content/uploads/2015/01/favicon.png Michael Buckley – Fordham Now https://now.fordham.edu 32 32 232360065 Thinking Outside the Box Puts Alumnus on Top https://now.fordham.edu/business-and-economics/thinking-outside-the-box-puts-alumnus-on-top/ Fri, 01 Feb 2013 18:14:53 +0000 http://news.fordham.sitecare.pro/?p=40958 At last fall’s Value Investing Congress in New York City, Ryan Fusaro, FCLC ’07, made a name for himself alongside billionaire hedge-fund heavyweights Bill Ackman and David Einhorn, who were among the speakers at the event CNBC has dubbed the “Super Bowl of Value Investing.”

Fusaro’s presentation on the national hamburger chain Jack in the Box earned him first place in the Value Investing Challenge Contest and a chance to share the stage with some of the world’s most respected investors.

“It was almost surreal to present among these luminaries. It’s a cool experience,” said Fusaro, an analyst at LionEye Capital Management. “It was kind of like American Idol for investing.”

The Value Investing Challenge, an investment idea contest hosted by the Value Investing Congress and SumZero, was created in July 2012 to encourage high-quality investment research and to give lesser-known investors the chance to present their ideas to a big and influential audience.

“[The contest] gives you the opportunity to be heard. The challenge is an inspiring idea because it’s very merit-based, no pedigree required,” said Fusaro, a native New Yorker. “An average guy can present here and if you have a good idea, you could win.”

From more than a 100 contest applicants, a panel of anonymous money managers selected three finalists, and then 4,000 value investors voted for a winner at the conference. In his winning presentation, “Thinking Outside the Box,” Fusaro talked about the value of investing in Jack in the Box. The company, he said, has “substantial hidden assets,” including its franchise Qdoba Mexican Grill and rent-generating real estate assets, which are not currently factored into its share price. If factored in, he said, the company’s “shares could conceivably be worth $57 by 2015, significantly more than where it was trading given all those attributes.”

After his Value Investing Challenge victory, Fusaro was named to Forbes’ 30 Under 30 in Finance, a list of young men and women who are making their mark at investment firms, hedge funds, and other financial firms.

“It’s an honor. I try not to take it to heart, but it does feel incredible to get credit for things I’ve been working on for a long time,” he said. “It’s a stamp of approval.”

It was at his first job after Fordham, at Ramius Capital, where he realized he liked value investing. He started to learn investors’ thought processes and what makes for a good investment idea. With that inspiration, Fusaro started putting together his own investment presentations after work and on weekends. He personally invested in the companies he recommended and shared the presentations with people in the industry whom he admires. “Some replied and some didn’t, but it was a great way to learn and get feedback on my work. That was a real honor,” he said. “I developed a little network and made new friends in the business.”

While an economics major at Fordham College at Lincoln Center, Fusaro particularly enjoyed courses in corporate finance and financial markets taught by Michael Buckley, Ph.D., clinical associate professor of economics and a former managing director at JP Morgan Chase.

“A lot of the topics could be taught in a way that was dull, but he presented them in a way to keep you interested,” said Fusaro. “His course textbooks were one of the few textbooks that I kept after Fordham. That’s a testament to him and his courses.”

After graduating from Fordham, Fusaro looked for a way to stay connected to the University. About three years ago, he joined the Young Alumni Committee, which promotes the University’s young alumni-focused programs and services, and he now serves as the committee’s secretary.

“It’s a unique committee in that you’re trusted with a particular level of confidence and license to build up Fordham,” he said. “Fordham embeds certain traits in you. It makes you curious; it makes you want to understand the world.”

Read Fusaro’s winning presentation here.

— Rachel Buttner

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Psyching Out Student Financial Stress https://now.fordham.edu/university-news/psyching-out-student-financial-stress/ Mon, 22 Feb 2010 21:45:15 +0000 http://news.fordham.sitecare.pro/?p=42810

To prepare students for the implications of the new law governing credit cards that takes effect today, Psychology Professor Harold Takooshian presented a public forum on the law’s provisions on Wednesday, Feb. 17.

The forum, “The U.S. CARD Act: Coping with students’ financial $tress,” was months in the making. It was prompted by statistics showing that half of all college students report financial stress. What is worse, seven percent of college students drop out as a result of this stress.

Seven experts, representing private industry, nonprofits and academia, each briefly described different facets of the problem. Among the presenters was Amanda Vardi (FCLC ‘10), who developed a one-hour workshop in “healthy financial habits for students” in September 2009 in collaboration with Takooshian and Economics Professor Michael Buckley. Based on the workshop, Psi Chi, the international honor society in psychology, awarded Vardi a grant to design a model workshop to circulate to honors students at the Society’s 1,100 U.S. campuses. The workshop includes a 25-minute DVD that includes information on aspects of credit and financial literacy for students.

“Our Fordham research finds too many U.S. students suffer alone with the problem of debt while trying to succeed in school,” said Takooshian. “There is now help available to our students in the CARD Act, our free Fordham DVD and workshop, and other new resources.”

Additional public workshops on these issues will be conducted by Carol O’Rourke at Fordham School of Law’s Center for Debtor Education.

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