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Texas Business School Starts Hedge Fund Associatio

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AUSTIN, Texas (–Through the University of Texas’ McCombs School of Business, MBA student Holly Goodrich founded a hedge fund group for students preparing to work in or be associated with the hedge fund industry after getting their degree.

The goal is for students to enhance their education by getting “real world” experiences of hedge fund managers and to conduct in-depth analysis of the hedge fund industry. The McCombs MBA Hedge Fund Association currently has 65 members and that number will likely grow to 80 shortly, Ms. Goodrich said.

She founded the group this semester after receiving a number of responses from students interested in the idea she posted in a Yahoo! chatroom. At the organization’s first official meeting on Sept. 30, MBA students will get a basic primer from a hedge fund manager on what a hedge fund is, the strategies employed and the kinds of jobs available in the industry.

A series of meetings and conferences are in the works. On Nov. 8, a conference in Dallas will be held with a number of hedge fund managers based in that city. A conference on campus is planned for March 2003 will offer some ‘real world’ knowledge from University of Texas Alumni.

For most of the MBA students at McCombs, finding a career in Texas is important and the group’s goal is to work with various funds and investment banks in the state. The organization also plans to work with the Texas Hedge Fund Association and 100 Women in Hedge Funds.