General Information
Promotional Video
Not Available
Instructor Bio
Frank is the Senior Managing Director and Global Head of Active Equities and Investment Science at CPP Investments. Frank joined CPP Investments in 2007 and has held various senior leadership roles, including Head of Active Fundamental Equities and Head of Research and Portfolio Strategy. Prior to joining CPP Investments, Frank was a Portfolio Manager responsible for public equity investments in the Media & Communications industry for Ontario Teachers’ Pension Plan. Prior to that, he was an investment banker for BMO in the M&A group. Frank holds a BA in Economics and Management Science from Toronto Metropolitan University, and a Masters in Financial Economics from the University of Toronto. He is a CFA charterholder and holds an ICD.D Director designation from the Institute of Corporate Directors.
Target Audience
Students interested in a rigorous course on fundamental company evaluation using the Value Investing approach. RSM2312 is supplemental course under the Finance emphasis.
Format
Full year, half-credit course meets in 13 bi-weekly sessions, held between September and April. Classes include a combination of lectures and guest speakers, all of whom are high profile value investors who generously share their insight and experience. Students work in groups to identify attractively priced stocks and present their recommendations to a panel of industry judges.
Course Mission
The mission of this course is to provide students with the skills needed to practically apply the value-based investment philosophy to investment decision-making.
Course Scope
This course provides a practical examination of the fundamental investment process with a specific focus on the value-based approach to investing pioneered by Benjamin Graham and developed by Graham and David Dodd. During the course, student groups will assess securities and will execute a series of assignments that ultimately culminate in a final presentation of a stock pitch which is presented and evaluated by industry judges. This project will provide students with the opportunity to apply the core value-based principles of “Intrinsic Value” and “Margin of Safety”. In-class sessions leverage industry experts to deliver key content and provide students with a unique opportunity to hear how top practitioners have contributed to the value-investing philosophy and learned lessons along that journey.
Evaluation and Grade Breakdown
Grades are a measure of the performance of a student in individual courses. Each student shall be judged based on how well they have commanded of the course materials.
| Component | Weight |
|---|---|
| Class Participation | 15% |
| Group Reports and Presentations | 40% |
| Final Exam – April Exam Period | 45% |
Required Resources
Selected industry readings, to be posted on Quercus throughout the duration of the course.