General Information
¿Donde/Where? STAR CAFE
¿Qué/What? BOTW
¿Quiénes/Who? Everyone is invited / todo el mundo…
¿Cuándo/When? FRIDAY, 30 NOVIEMBRE, 2007
¿Horario/Schedule? 00:00 till 06:00
¿Precio/Price? 5€
¿ Dirección/Address? Serrano Jover 5
¿Metro? Arguelles
(Español)
¿Oferta Especial? Por favor, dile al portero que eres un estudiante de IE para que puedas comprar copas en la puerta a 5 euros. Solo es válido hasta la 1:30.
¿Indumentaria? ¡Importante! Camisa y zapatos, son muy rigurosos con la vestimenta.
(English)
Special Offer?Just tell the staff at the door that you are from IE and so you can buy drinks at € 5. The offer is valid till 1:30.
Dress Code? Important! Dress smart, no trainers, they are very strict.
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1 Million € of virtual money per team, 22 teams, competing in real time for 8 weeks, with access to invest in Global Stocks, Currencies, Commodities, Derivatives and just about everything else there is to invest in.
The Stocktrack stock market simulator competition is a mandatory game played by those students enrolled in the courses of Portfolio Management, taught by Professors Juan Pedro Gómez (in English) and Laura Nuñez (in Spanish). The game was also open to the IE Finance Club Members.
We had heard that cash is king. However, after listening to the strategies of the top 3, we found out that information is king! Gardenia Fresneda Da Silva (MBA 07), Ricardo Degollado (EXCHANGE STUDENT) and Miroslav Toshkin (IMBA 07) were the contenders presenting their teams' strategies.
Ricardo’s team had made some money on investments in stocks and then lost it all when he moved his focus to commodities and invested in gold and oil. This together with his team’s investments in T-Bills put him on a pedestal in the Sharpe ratio rankings at a whopping ratio of 1.94. Ricardo and team kept a close watch on the news throughout the 8 weeks, meticulously checking the movements of their portfolio.
Gardenia, who belonged to the group brokered by Nicolás Tobón (MBA 07), was the top performer by absolute returns until week 7, after which Miroslav made some wise and high risk high return investments, putting him in first place for absolute returns. Gardenia mentioned that they too, like Ricardo, started with investments in stocks but moved to oil. There was no looking back after week 5, during which her team was close to 15% returns, leaving the closest contender at a mere 7%. Gardenia kept watching out for oil movements, $ exchange rates and the contemporary financial crises. She then diversified and gained brownie points for her team.
Miroslav, the “Black knight” of the competition, invested in ETFs, and since he had experience in agriculture, he kept track of the soya bean market and invested a good amount of his portfolio at the right time, coming out as the current winner at a 10.45% absolute return. – Bravo, Miroslav!Comments by Finance Club members:
Samarth Sheth: Initially the # 1 was someone whose strategy was to be highly leveraged; come week 4 and this portfolio was at a -55%. The positions were risky and unhedged. Huge leverage landed them up at the bottom of the pyramid. Learning for me – “Greed is good” (Wall Street - the movie) however a hedged one is better!
Joaquín Ruiz: The Portfolio Management Competition is another success event of the Finance Club and coordinated/sponsored by Instituto de Empresa and his Chair of Finance Prof. Juan Pedro Gómez. Students have had the chance to discover the intricacies of investing in all types of financial securities and compete among each other in real time basis.

This year, IE’s crew was sponsored by Ambilamp Association for recycling and conservation of the natural environment, and fought hard in a regatta with strong winds, rough seas and fierce competition.
At the end of September, the fourth edition of the MBA’s Cup regatta took place in Santa Margherita Ligure, Italy as in previous years. This event, which has become a classic, includes the participation of 21 of the world’s most important Business Schools and over 400 of their students.
The IE crew -formed by IMBA05 Johannes Tinsobin (Austria), Pablo Divasson (Spain), Carlos Vázquez (Spain), IMBA06 Karim Kreaa (Syria), Laura Fernández (Argentina), Wim Zwaenepoel (Belgium), Alberto Ordiales (Mexico)and IMBA07 Nicolas Dilger (Germany)- finished the first day’s sailing in an extraordinary 2nd place position, but due to an unfortunate incident with the Rotterdam BS yacht, ended up in 11th position by the event’s end.
The MBA’s Cup is a unique opportunity for business students, brought together by their passion for sailing, to make contacts and to exchange ideas amongst themselves, with business leaders and with those who push forward major changes at the international level. In today’s world, sustainability is one of the most important issues in business, and for this it is especially pertinent that our sponsor this year was AMBILAMP, a non profit-making company, whose aim is to promote the protection of the natural environment, through the creation of an integrated management system for the treatment of wastes produced by used lamp-bulbs.
IE is ranked amongst the world’s top 10 business schools and comes Europe’s 1st in the sustainability ranking published by The Aspen Institute. This ranking evaluates the integration of social and environment issues in the curricula of MBA programs. The link between Ambilamp and IE is Juan Carlos Enrique Moreno, General Manager of Ambilamp and alumnus of IE’s Executive MBA program (1990).
Reinforcing the continuous successes and high-profile business events organized by students, The IE Consulting Club organized and hosted the fourth edition of the Consulting Day on the 13th of June. At the full-day event, students and alumni had the opportunity to meet top executives from first-tier consulting firms such as Bain & Company, Oliver Wyman and Accenture.
Over 100 participants from IE joined the panel discussion and the subsequent workshops held by participating firms.
Members of the Consulting Club welcoming the speakers before the panel discussion. From left to right: Luis Ceniga, Accenture; Cesare Valenti, Consulting Club VP; Pedro Trinite, Consulting Club VP; Mathieu Frison, Consulting Club President, Lorenzo Milans Del Bosch, Oliver Wyman, Manuel Becerra, IE strategy Professor, Oksana Avdeeva, Consulting Club and Ricardo Damborenea, Bain & Company.
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Ricardo Damborenea, Lorenzo Milans Del Bosch, Luis Ceniga and Manuel Becerra (from left to right) during the panel discussion. (right) Attentive students studying from different IE masters.
Santiago Iñiguez, Dean of Instituto de Empresa, opened the event and welcomed the distinguished speakers: Ricardo Damborenea, Senior Partner at Bain & Company, Lorenzo Milans Del Bosch, Director of Oliver Wyman and Luis Ceniga, Lead for SPAI at Accenture. Professor Manuel Becerra, the IE Accenture Chair, introduced and moderated the panel discussion.
This year’s theme at the discussion panel was “Strategies for sustainable growth in the era of globalization”, which is one of the hottest topics in the industry nowadays – for both entrepreneurs and multinational companies. The discussion included both models drawn from professional consulting best-practices and real-life cases.
The theme encouraged an active debate between the students and speakers, which was indeed insightful and stimulating.
The workshops session started after a 30 minute coffee-break that was kindly sponsored by the invited firms. Students had the opportunity to discuss the specific cases presented by each firm’s manager, as well as network with the invited guests.
Eduardo Avendano and Javier Roa, of Accenture, conducted the workshop "Geographic expansion in Financial Services: How to suceed".
The third workshop was handled by Nicolás López, of Bain & Company, and students were called to discuss issues of "Strategic consultancy in the private equity sector: learn to think like them".
This event was organized by Mathieu Frison, Pedro Trinite, Cesare Valenti, Alessio Rugeri, Oksana Avdeeva and Eduardo Martinez, all IE 2007 students, with the support and help of the Careers Management Centre. The event was sponsored by participating consulting firms.
The C-Club team thanks all IE students that gave feedback on the 4th edition of the C-Day.
Key learning of the event:
Sustainable growth is a valuable outcome that follows the implementation of an effective, and unique strategy. All speakers gave precious insights on how the consulting industry can offer companies to manage this process effectively and efficiently. Today’s clients are becoming more sophisticated and are demanding a real transfer of skills and know-how, instead of the classical one-off engagement. Strategy consulting firms are responding to this need by offering more sophisticated and integrated solutions. Different strategies in this regard were illustrated by the speakers. And while short term results are always important, the primary focus is the long term relationship aimed to provide clients’ shareholders outstanding returns on their investments. Some topics discussed were: diversification, business process analysis, competitive advantages, organic and buy-out growth strategies, and many others.
Cara a cara con el headhunter. Un caso real
Objetivos: La sesión girará en torno al análisis de dos entrevistas reales grabadas con anterioridad. Dichas entrevistas serán la base del debate entre el Director de Recursos Humanos, el Headhunter y el Director de Carreras Profesionales del IE. Nuestros expertos diseccionarán las entrevistas con el objetivo de resaltar los aspectos positivos y negativos que se producen en el desarrollo de las mismas. Es una oportunidad única de asistir como espectador y no como protagonista a uno de los momentos más decisivos en la Gestión del Cambio en la Carrera Profesional.
Ponentes : D. Francisco Cerdá, Director de Carreras Profesionales del IE Business School. Contaremos, asimismo, con directores de recursos humanos de algunas de las empresas más relevantes en nuestro país. Introducirá y moderará la sesión Dª Lucía Crespo, MBAP 2005 por el IE Business School, coordinadora del IE Women in Business (IEWIB) de la Asociación de Antiguos Alumnos del IE.
Lugar: IE Business School. Aula Magna. María de Molina, 11 Madrid
Fecha: Martes, 27 de noviembre de 2007. 19:30 horas.
Fecha límite inscripción: Martes, 27 de noviembre de 2007. Para inscribirte envía un mail a:met@ie.edu
Con esta quinta sesión el IE Women in Business (IEWIB) da continuidad al ciclo de encuentros para la reflexión y el debate sobre la Gestión del Cambio Profesional. Estos encuentros recorren todo el "ciclo de vida" del proceso de cambio desde la decisión, hasta la consecución del objetivo profesional. El ciclo de conferencias combina talleres prácticos con experiencias de primera mano de directivas y directivos del máximo nivel, profesionales de diferentes sectores.
Después de la sesión, se servirá un cocktail.
Puedes encontrar más información sobre este ciclo de conferencias en:http://alumni.ie.edu/usr/aulas/aula.asp?aula=Mujeres&seccion=ACTIVIDADES&pastilla=clubes
¿Donde/Where? MOMA
¿Qué/What? BOTW
¿Quiénes/Who? Everyone is invited / todo el mundo…
¿Cuándo/When? SATURDAY, 24 NOVIEMBRE, 2007
¿Horario/Schedule? 00:00 till 06:00
¿Precio/Price? 8€
¿ Dirección/Address? Jose Abascal, 56
¿Metro? Gregorio Marañon
(Español)
>¿Oferta Especial? Por favor, dile al portero que eres un estudiante de IE para que puedas comprar copas en la puerta a 8 euros. Solo es valido hasta la 1:30.
¿Indumentaria? ¡Importante! Camisa y zapatos, son muy rigurosos con la vestimenta (no trainers).
(English)
Special Offer? Just tell the staff at the door that you are from IE and so you can buy drinks at € 8. The offer is valid till 1:30.
Dress Code? Important! Dress smart, no trainers, they are very strict.
¿Donde/Where? ARCHY’s
¿Qué/What? Bar of the week
¿Quiénes/Who? Everyone is invited / todo el mundo…
¿Cuándo/When? TODAY FRIDAY 16 NOV 2007
¿Horario/Schedule? 00:00 till dawn (Come early /venid pronto)
¿Precio/Price? FREE ENTRANCE TILL 1:00, THEN 10 euros Drink
¿ Dirección/Address? Calle Marqués de Riscal 11 MAP
¿Metro? Ruben Dario
¿Dress Code / Indumentaria? Please dress smart (no trainers). Camisa y zapatos. They are very very strict.
Professor Dr. Peter Gómez was at the Instituto de Empresa Business School to talk about turbulent times in stock markets on October 15, 2007. The speech was attended by Finance Club members and finance enthusiasts alike.
Prof. Gómez went from the macro to micro scenario, first discussing the current situation with the NYSE/Euronext merging, and then focusing on the Dubai Stock Exchange; and their ambition to have a stake in the LSE. He also mentioned turquoise, which will be an exchanged formed by the leading investment banks, etc. Spending very little time on the pros of the consolidations, he focused primarily on the negative points; something which no one has done as of yet.
After about 10-15 minutes, he moved on to talk about the strategy followed by the Swiss stock exchange .
To continue reading, click on More...
"15% of the Swiss economy depends on the financial sector employing 200,000 people, contributing 16% of the total tax collection towards the state" said Prof Gómez. However the global competition and the consolidation spree have forced the rankings of the Swiss Exchange down from 2nd in the 80’s to 6th currently.
At this point in time we were left flummoxed as to why wouldn`t the Swiss Exchange merge with another biggie to improve its stature in the market? The answer came when Prof. Gómez mentioned the fact that they want to focus on domestic markets and have merged with the German derivatives market for exactly that reason. He mentioned that the stock exchanges merging would not reach a sustained growth rate. Initially the growth would be aggressive, however, it would reach a point in time where problems such as no further synergies would surface, and growth would stagnate. "SWX’s core mandate consists in the strengthening of the Swiss financial centre by providing internationally competitive exchange services and maintaining regulatory authority for Swiss securities", mentioned Prof. Gómez towards the end.
Comments from the Club coordinators and event organizers:
Samarth Sheth: "Prof. Gomez was the first person in my opinion who actually brought out the negative aspects of the merging stock exchanges. With his brief presentation we got to know of the flip side of the coin!"
Miroslav Toshkin: "Prof. Gomez presented a thorough and well-thought concept about the future objectives of the Swiss Stock Exchange in the context of the turbulences of the finance sector. We had a unique opportunity to question one of today’s stock markets strategist".
Dear IE students and IE community,
The Finance Club is proud to present the “PRIVATE EQUITY DAY” on Monday, November 19th.
The objective is to provide the attendees with an understanding of the latest hot topics about Private Equity & Venture Capital, together with a practical emphasis thanks to a Private Equity Workshop.
The Finance Club proposes the following agenda:
(PLEASE READ THE INSTRUCTIONS FOR REGISTERING CAREFULLY!)
· Workshop => from 16h30 to 17h30
The Workshop will take place in A-301 AULA MAGNA.
Topic: "Private Equity Investment in a Target: Turnaround, Roll-up vs. Roll-over Strategies, Corporate Development and Capital Efficiency"
Conducted by Mr. Gorka Briones, CFO ODECO Group / Quercusequity
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· Round Tables=> from 18h00 to 20h15
The Round Tables will take place in Aula Magna.
- Private Equity Round Table => from 18h00 to 19h00
Topics: “Opportunities and Threats of Private Equity after the Market Turmoil” & “Investments in Emerging Countries (e.g. China/India)”
Participants:
Fortis, Mr. Andrés Núñez Lagos (Head of Acquisition & Leveraged Finance Iberia)
Nazca Private Equity, Mr. Álvaro Mariátegui (Managing Partner)
Candover, Mr. Javier Abad (Director of the Madrid Office)
Moderator: ASCRI/Advent International: Mr. Juan Díaz Laviada (Managing-Director of the Madrid Office and Member of the Board of the Spanish Association of Private Equity)
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- Venture Capital Round Table => from 19h15 to 20h15
Topic: “Raising Capital for a Technological Company”
Participants:
Agnitio, Mr. Emilio Martínez (Co-Founder, Entrepreneur)
Netspira, Mr. José López (Founder, Entrepreneur)
Berggi, Mr. Jorge Mata (Founder of MyAlert.com and Berg Networks, Entrepreneur)
Moderator: Bullnet Capital: Mr. Javier Ulecia (Co-founder, Venture Capitalist)
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· Closing
· Networking cocktail => from 20h15 to 21h00
HOW TO REGISTER: (Click on More...)
If you ONLY wish to participate in the Workshop, please send a “confirmation e-mail” to finance.club@ie.edu with YES WORKSHOP.
If you ONLY wish to participate in the Round Tables, please send a “confirmation e-mail” to finance.club@ie.edu with YES ROUND TABLES.
If you wish to participate in BOTH Workshop and Round Tables, please send a “confirmation e-mail” to finance.club@ie.edu with YES WORKSHOP & ROUND TABLES.
Places will be exclusively assigned on a first-come first-serve basis!
BUSINESS ATTIRE IS COMPULSORY!
WARNING!!!
We kindly remind you that once registered, attendance is mandatory! Please refrain from registering if you believe you will not be able to attend! Other students will benefit from your seat!
We also remind you that this is not a recruiting event. Please do not bring any resumes.
FINANCE CLUB
On Wednesday 31 was held the last class of the intensive Spanish course. A group of Guiris did homage to Javier Alonso, their professor. Pepi also was paid tribute!
Some IEOuts and friends met in their social meeting at Baco y Beto to network and to celebrate Halloween.