Wrap Up

Today begins a very short last full week at my internship with CalPERS AIM group. It's been a full ten weeks of immersion in private equity and investment management. I'll miss some aspects of the job, but I'm looking forward to a second year of classes with renewed interest and a deeper perspective on this industry.

I've enjoyed how my learnings from the first year helped me understand and interpret what I experienced here: financial statements, regulations, and investment portfolios. The experience at CalPERS AIM has also generated questions and I hope/expect to delve into these further over the next three quarters:

How do tax policies effect decision-making by executive teams and investment managers?

What can I learn from financial statements, and how do companies shape that "offering" to the public?

Is investment analysis an art or a science, or where does one end and the other begin?

How does one construct an incentives system to maximize the alignment of interests in a business relationship?

and on and on... Fortunately I've got a class picked out for each of those questions.

And besides all that, there are the classmates I'm looking forward to seeing again. It's a good crew at the GSM.