Fall 2013 Outlook

Michael Hudson (SFD), Jon LeBoutillier (SMD)

GTSF Investments Committee2

The Portfolio Total assets (August 19): $951,742 Total assets (January 1): $854,910 Year to date performance: +12.18% S&P 500 performance: +15.19%

GTSF Investments Committee3

Commentary of Portfolio Performance Performance is about in line with

expectations We actively carry about a 70% correlation to

the S&P 500, so performance is broadly in line

Alpha performance came mostly from industrials and services, exposure to gold hurt performance

GTSF Investments Committee4

Market News All eyes on the federal reserve Equity prices have risen on lower volumes

this year; mixed over the sumer Corporate earnings mostly beat expectations Treasury yields increased as fears of Federal

Reserve tapering its Quantitative Easing ($85bn/mo bond buying program) increased and are beginning to solidify

GTSF Investments Committee5

Organizational Changes Organizational turning point

Weekly IDG meetings Stronger analysis

Increased use of industry-standard tools Focus on the process of investing

Open and collaborative environment Use of T-Square, website, etc. Bi-weekly newsletter

Constant mentoring Professional Development Technical Skill Seminars

GTSF Investments Committee6

IDG Meetings Discuss market news Discuss portfolio positioning and strategy

Sector & industry shifts Round-table discussion over

pitches/presentations Discuss buy/sell and allocation

Blind voting

GTSF Investments Committee7

Directors Senior Financial Director – Michael Hudson Senior Managing Director – Jon LeBoutillier Director of the Portfolio – Marino Liauw Director of Mentorship – Abhijan Khosla Director of Marketing/Alumni Relations – Kevin

Hopkins Director of Macroeconomics – Tanveer

Chandok Director of Professional Development – Andrew

Currie Director of Financial Programming – Jarrod

Stein Director of Information Technology – Rohan

Verma

GTSF Investments Committee8

Sector Analysts Financials – Arjun Gopinath Energy – Corey Nettles Industrials – David Langley Services – Ray DeCuir Technology – Saxon Bartsch Health Care – Andrew Reed Consumer Staples – Michael Schmit Consumer Cyclicals – Brandon Bane REITs – David Barr Fixed Income – Eric Keener Alternative Investments – Brandon Danzig

GTSF Investments Committee9

Going Forward Every sector will be required to pitch on or

before September 5 Tuesday, 9/3: Energy, Tech, Health Care, REITs,

Industrials, Fixed Income Thursday 9/5: Services, Financials, Staples,

Cyclicals, Alternatives Sectors will be required to present at least

once a month (can be for watchlist) Presentations should have a target allocation for

a position

GTSF Investments Committee10

Concluding points Plans for marketing the mentorship program Plans for mentorship program Analyst placement