Home

Assets Under Management

Responsible for managing over $700,000 on behalf of the University of Michigan’s endowment

Action-Based Learning

Our platform allows MBA and BBA students to apply the concepts of asset valuation, equity research and portfolio management in the real world

Pathway to Wall Street

Our alumni remain actively engaged with the Fund, connecting members with successful financial service professionals

Our Process
Fund membership is highly selective, enabling members to work with other talented and highly-motivated students in an environment similar to an investment firm.

Upon admission into the Fund, new members will partake in a series of training sessions on key concepts in equity research, financial modeling and valuation, and portfolio management. Fund members will become fluent in technical tools such as FactSet and Bloomberg.

The Fund is organized in to 3-4 person pitch teams led by a Senior Analyst. These teams will be responsible for sourcing and pitching equity investment opportunities and monitoring ongoing investments.

Investment Style
The Fund focuses its efforts on identifying undervalued US equity securities for long-term investment by leveraging industry research, financial statement analysis and valuation analyses, including discounted cash flow modeling, comparable companies and precedent transactions. The Fund uses the S&P MidCap 400 Index as a performance benchmark, giving the Fund an inherent bias towards investment in public companies with a market capitalization between $2 and $10 billion.

Faculty Advisors

Pedram Nezafat

Pedram Nezafat

LEO Lecturer

Pedram Nezafat is a Finance lecturer at the Ross School of Business. He received his PhD in Electrical Engineering and his PhD in Finance from the University of Minnesota. His areas of expertise are empirical and theoretical asset pricing. He has presented at annual meetings of the American Finance Association, the Western Finance Association, and the European Finance Association. His research has been published in the Review of Financial Studies, Journal of Economic Theory, and Journal of Corporate Finance. He teaches both undergraduate and MBA courses at University of Michigan and has been awarded several teaching awards.

Kai Petainen

Kai Petainen

Adjunct Finance Lecturer, Trading Floor Manager

Kai Petainen is the Tozzi Trading Floor manager and an adjunct finance lecturer at the Ross School of Business. He teaches Finance 334, “Applied Quant/Value Portfolio Management”, a class that uses ‘action-based learning’, to evaluate stocks and funds from a quant/value perspective. Petainen is featured in Matthew Schifrin’s book, “The Warren Buffetts Next Door: The World’s Greatest Investors You’ve Never Heard Of and What You Can Learn From Them”. He’s also a contributing blogger at Forbes. Petainen had articles in Forbes, MoneyShow.com, Welt Am Sonntag, the San Francisco Chronicle, Santa Cruz Sentinel, MSN Money, Financial Post, the Globe and Mail, and many others.

Executive Board
Sujay Kulkarni

Sujay Kulkarni

Co-President

Sujay is a senior studying finance at the University of Michigan. Last summer, Sujay interned as an Investment Analyst at Maranon Capital in Chicago. Over the previous summers, he interned in Private Equity at OpenGate Capital in Los Angeles and as an analyst for a remote search fund. In his spare time, he enjoys running, writing short skits and stories, and watching the Boston Celtics. Please reach out to Sujay at kulkarns@umich.edu with any questions you may have about the Maize & Blue Endowment Fund.

Shrey Dalal

Shrey Dalal

Co-President

Shrey is a senior from Mumbai, India. He is currently pursuing a BBA degree with a minor in economics. This past summer he worked at a boutique investment bank in New York as an investment banking summer analyst. He has previously also interned at LineLeap and Phillip Capital. On campus, he serves as the President of the Maize and Blue Endowment Fund and the Managing Director of the Zell Early Stage Fund. He is also the VP of Education for Michigan Interactive Investments. In his free time he likes to watch any and all sports, enjoys the outdoors or reading up on trivia. Please reach out to Shrey at shreyd@umich.edu with any questions you may have about the Maize & Blue Endowment Fund.

Eric Brand

Eric Brand

CIO

Eric Brand is a senior at the University of Michigan studying business with concentrations in finance and management. This past summer, he interned as an Investment Banking Summer Analyst at Evercore in New York City, where he plans to return post-graduation. After his sophomore year, Eric worked as a high-yield credit analyst at MSD Partners, the private investment firm of Michael Dell. Previously, he spent time in private equity and venture capital in New York and Tel Aviv. Outside of the classroom and office, Eric enjoys reading, playing golf, exploring Ann Arbor, and cheering on the Michigan Wolverines. Please reach out to Eric at erbrand@umich.edu with any questions you may have about the Maize & Blue Endowment Fund.