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STUDENT ANALYSTCOMPETITIONJeff Masse (MSF 2014) finished in thetop 100 out of more than 700 competitorsin the 2012-2013 Institutional InvestorAll-American Student Analyst Competition. Competitor portfolios were evaluatedon both return and risk measures over thethree-month duration of the competition.Jeff managed a long-short equity portfolioACG CUPIn March, MSF 2013 students Alex Mack, Rodrigo Calvo, Sam Kahn,and Brett Gasaway competed in the 2013 ACG Cup, a case competitionfocusing on corporate valuation and financial advisory. After advancingpast the first round at UF, they competed against the University of SouthFlorida, the University of Tampa and Rollins College in the final roundheld in Tampa. Students analyzed a sell-side M&A deal as investmentbanking analysts in the first round, and a buy-side leveraged buyout asprivate equity analysts in the final round, similar to the career path manyHH MSF students intern year-roundwith the University of FloridaInvestment Corporation. 2012-2013interns included Jeff Masse, MSF2014, Caroline Rawe and JosephJurbala, both MSF 2015.HH Sophomore students attended theFlorida Bankers Association’s 2013Women in Banking Conference.HH Drs. Jim Parrino and David Brown(center) on the trading floor at SunTrust Robinson Humphrey in Atlantawith Michael Andreas (left), MSF2007, and Stephen McCall, MSF 2012.HH Steve DeRose, MSF 2004, left, and UFalumnus Rich Highfield, center, bothwith Archetype Mortgage, offeringrésumé and interviewing advice.HH UF alumnus Dan Adan of PerryCapital, addressing MSF studentsincluding Olivia Walton, MSF 2014.HH Brenden Vickers (left), MSF 2011,coaching Michael Pappas, MSF2015, on CMO vs. IBD.MSF students pursue upon graduation.of industrial stocks. He will be an intern atEvercore Partners this summer.CFA COMPETITION“Over 650 teams from across the world competed in this year’s CFAHH ACG GroupInstitute Research Challenge, with each team creating an equity researchHH MSF seniors helping juniors preparefor internship nomination at aweekend workshop.HH Internship interview preparationand Sell Day advice came from MSFalumni at Wells Fargo Securities:From left, Noam Beno and JocelynRichardson, both MSF 2012, JesseAndrews and Yujin Cho, both MSF2011, and Dominic Aquilina, MSF 2008.report and presentation on a company chosen by their local CFA society.10and website design. The team won the local Florida competition in Jacksonville, and competed in the Americas regional competition in Toronto.”Within Four Years at the University of Florida— Andrew Amend, MSF 2013Typical MSF students participate in some MSF activities theirfirst year as an undergraduate at UF. They apply to the program intheir second year, and receive assistance with summer placement.HH CFA team, MSF 2013 students: Richard Butcher, Ryan Casserly,Marcus Leyva, Bobby Griffin, Andrew AmendSOPHOMORE SUMMER 2013 PLACEMENTSIndependent FinancialPartners (2) — TampaLockheed Martin — DallasThe Department ofTreasury — JacksonvilleStonegate Bank — Ft. LauderdaleNovumed LLC — TampaUBS — St. PetersburgBank of America MerrillLynch — New YorkIn their third year on campus, graduate finance coursework is takenUniversity of Florida InvestmentCorporation — GainesvilleRaymond James (2) — St. Petersburgin lieu of undergraduate level courses and they acquire summer in-CNL — OrlandoCrosstree Capital Partners (2) — Tampaternships at the firms they intend to place full-time. Students gradu ate with their master’s degree at the end of their four years at UF.JUNIOR SUMMER 2013 INTERNSHIPSJ.P. Morgan (2) — Palm Beach & OrlandoUBS — Weehawken, N.J.SunTrust Robinson Humphrey (2) — AtlantaOffice Depot — Boca RatonWells Fargo (5) — Charlotte & HoustonRBC — New YorkPwC — AtlantaBarclays Capital — New YorkRobert W. Baird — TampaJohnson & Johnson — JacksonvilleEvercore Partners — New YorkPFM — Palm Beach & OrlandoCitigroup — New YorkMesirow — ChicagoJefferies & Co. — New YorkFundamental REO — TampaWARRINGTON COLLEGE OF BUSINESS ADMINISTRATIONwas on Web.com, which does domain name registration, website hostingBACHELOR’S, MASTER’S& JOB PLACEMENTHOUGH GRADUATE SCHOOL OF BUSINESSCapital, and William Harrell, Capco Asset Management. The team’s report2012 — 2013 ANNUAL REPORTWILLIAM R. HOUGH MASTER OF SCIENCE IN FINANCE PROGRAMThis year’s UF team was mentored by Dr. Brown, Jason Lazarus, Intrepid11

December 7, 20122012-2013 FINANCE PROFESSIONALSPEAKER SERIESAugust 31, 2012October 26, 2012Jason Lazarus, CFAMSFUFVice President & Portfolio Manager, IntrepidCapital Management“Value Investing: Equities and HighYield Bonds”September 4, 2012Nicholas JansenMSFUFAnalyst, Raymond James & Associates“Gaining a Better Understanding ofthe Equity Research Field”Marta CottonTom Carlson MSF UF , Director,& Ken Novak, Managing Director,RBC Capital Markets“Fixed Income Capital Markets”January 11, 2013UFPrincipal & Director of Client Development,Matarin Capital ManagementChris GrizzardJason KliewerMSFUFRobert W. Baird & Co.,& Nick TroyerUF“A Current Look at the Hedge FundIndustry and Hedge Fund Strategies”“Cross-Border M&A”November 2, 2012February 1, 2013Saul GoodmanUFSenior Managing Director, Evercore Partners“Map of Wall Street, Different Typesof Jobs, and Job Search Advice”Dave SeleskiUFHH Eric Evans (foreground), Newt Porter, both MSF 2013A ROUNDTABLE DISCUSSION SPONSORED BY BB&T FOUNDATIONSOF FREE ENTERPRISE: CAPITALISM AND CAPITAL MARKETSUFThe annual centerpiece for Mr. Bruce Foerster’s Capitalism course isDirector, Stonegate Bank“Acquiring Distressed Banks”a case study. This spring, students Drew Cappello and Orlando Garcia,prepared the case.BB Home Ownership – the American Dream or a Pipe Dream?HH Moderator: Nela Richardson, Sr. Finance Analyst,Bloomberg Government12BlackRock, and James R. Follain, Ph.D., Sr. Fellow, NelsonNovember 16, 2012February 8, 2013Peter GylfeTerry JewellWilliam F. Bahl, CFA, CICUFSenior Vice President, PNC Financial Corp“Hedge Fund Long/Short InvestingStrategies & Advice From a Recent Grad”“Using Analytics to Make BetterBanking Decisions”October 5, 2012November 30, 2012Alfredo ChangUFManaging Member, Inception Partners, LLC“Emerging Markets Discussion”J. Ben Watkins, IIIA. Rockefeller Institute of GovernmentUFCo-Founder & Chairman, Bahl & GaynorInvestment CouncilApril 15, 2013UFDirector, State of Florida Division of Bond Finance“Municipal Bond Finance”Phong (Tony) VuUFUniversity Treasurer, Florida International University“Applying Modern Portfolio Theory toOperating Funds”HH Nela Richardson, Jim Follain, Randy AppleyardHOUGH GRADUATE SCHOOL OF BUSINESSMSFWARRINGTON COLLEGE OF BUSINESS ADMINISTRATIONSeptember 21, 2012Analyst, Millennium Partners LP2012 — 2013 ANNUAL REPORTWILLIAM R. HOUGH MASTER OF SCIENCE IN FINANCE PROGRAMHH Panelists: A. Randall Appleyard, Portfolio Manager,13

STUDENT SPOTLIGHTSCAROLINE RAWE, MSF 2015“During my senior year of high school, I was recruited to a few differentRODRIGO CALVO, MSF 2013“My sophomore year decision to pursue the MSF degree at the Univer-CONGRATULATIONSBB MSF Alumni that recently passed CFA exam level 3:William Gross, MSF 2010, Mike Noll, MSF 2009,and Michael Peerson, MSF 2007BB Betty W. Penter Memorial Scholarship 2012-2013:schools for rowing but I chose UF for the reason that most people do: In-sity of Florida was absolutely the right one. Throughout the program, Istate tuition and scholarships. Entering college, I knew I wanted to pursuehave been able to take advantage of many opportunities for personal andInvestment Banking, but I didn’t realize how competitive it was. Whenprofessional growth. I took advanced finance courses, including Corpo-I learned about the MSF program during my freshman orientation, Irate Financial Modeling with Dr. Parrino and Fixed Income SecurityFunds 2012-2013: Sam Kahn, Marcus Leyvaimmediately pursued it. As a freshman, I was able to network with currentValuation with Dr. Brown, as well as participated in several competitions.and Alexander Mack, MSF 2013and previous MSF students at the Finance Professional Speaker Series,Additionally, I was involved as Portfolio Manager of the Gator Studentand begin to learn about career opportunities. By my sophomore year, IInvestment Fund, an entirely student-run fund that manages real money.had established connections with MSF alumni and had a definite careerI was fortunate enough to secure two summer internships. My sophomoregoal. I interned at the University of Florida Investment Corporation andsummer was spent as a summer analyst with Goldman Sachs Asset Man-attended the Bank of America Merrill Lynch Women’s Finance Leadershipagement in New York, working with their Private Equity Fund-of-Funds.Summit. I would not have had these opportunities if it were not for the MSFMy junior internship was with Bank of America Merrill Lynch Sales &program. This summer I will be interning at Bank of America Merrill LynchTrading division in New York, where I returned full-time upon graduation.in New York, rotating between Sales & Trading and Investment Banking.”During both summers, it became very apparent to me how valuable theRodrigo Calvo and Ryan Casserly, MSF 2013BB Jack D. & Betty L. Lampros Graduate FellowshipBB CFA scholarship recipients: Bilal Yehia, Ryan CasserlyHH Members of MSF 2013and Brett Gasaway, MSF 2013THANK YOU14to hone my technical and soft skills far beyond my expectations, allowingWe would like to thank each alumnus and friend of the MSFme to make a strong impression during my summer internships. WithProgram who offered their time, wisdom, encouragement,resources such as the Capital Markets Lab, Finance Professional Speakerpartnerships and financial contributions within the past year.Series, top flight faculty, and the most driven students I met on campus,the MSF program provides an education on par with the top businessschools across the country—at a fraction of the price. The MSF program2012 — 2013 ANNUAL REPORTWILLIAM R. HOUGH MASTER OF SCIENCE IN FINANCE PROGRAMMSF program really was. Throughout my time in the program, I was ablehas truly been an amazing experience. I’ve become a part of an extremelysupportive network of professionals, taken classes with renowned faculty,and made many life-long friends in the process. I am incredibly proud tohave graduated from the MSF program, and I look forward to remaining aHH Caroline RaweHH Rodrigo Calvopart of the MSF family going forward.”HH David T. Brown, Ph.D.MSF Program DirectorBB&T Professor of Free Enterprise2012-2013 Graduate TeachingAward Recipient, WarringtonCollege of Business AdministrationHH Kelly HerringMSF Associate Director2012-2013 Graduate StudentSupport Staff of the YearAward Recipient, GraduateStudent Council

warrington.ufl.edu/msfUniversity of FloridaWarrington College of Business AdministrationDepartment of Finance, Insurance & Real Estate208 Hough HallPO Box 117168Gainesville, FL 32611(352) 392-9249warrington.ufl.edu/social

H Jason Lazarus, MSF 2008, and Dr. Carolyn Takeda-Brown The MSF Program is grateful to Bloomberg L.P. for its generous gift to support the Capital Markets Lab. ENDOWMENTS CORPORATE / MATCHING Bank of America Foundation Bank of Tokyo-Mitsubishi, Ltd. BlackRock, Inc. Bloomberg L.P. CCFIN, Inc.