This program is an opportunity for finance, business management, and accounting majors to have an international investing internship and to experience life as an international financial analyst focused on companies headquartered in Europe. The internship provides real-world experience to participants by allowing students to act as members of a portfolio management company by investing assets of a real-world investment fund (GFA Fund). Students are organized into country and industry analyst teams and are assigned companies to analyze. Core skills gained go beyond mere analysis of companies and how to manage investments; students learn distinctive business leadership skills by managing money and running an asset management firm under two instructors who have or currently manage money for a living.
Prior to on-site company visits in Europe, student analysts perform country, industry, and company analysis, using cutting edge hedge fund and asset management tools and frameworks. Students build financial models, forecast earnings and financial statements, and perform valuations. The entire “management company” of student interns then visits each company in their respective countries, interviews management, visits specific manufacturing facilities, finalizes the earnings forecasts, company valuations, industry analyses, and management presentations, culminating in recommending a company as a “buy, sell, or hold” for the GFA portfolio. Upon return to the U.S., student teams present investment recommendations to local asset management firms’ portfolio managers, including Goldman Sachs, Wasatch Advisors, and Grandeur Peak Advisors, among others. This program can be included on a resume as a three-month international internship.