Band Of Harvard Students Plan To Shame UBS By Asking Tough Questions At An Information Session About The One Thing UBS Isn’t Ashamed Of, Thinking Twice About Going To Work For The Bank That Hasn’t Yet Offered Them Jobs


A bunch of Harvard students who think UBS is pro-genocide because it underwrote PetroChina’s listing on the Shanghai stock exchange this past month are taking a stand. They’re going to show up at a recruiting event being held by the Swiss bank tomorrow night at the Faculty Club and “get as much information as possible regarding UBS’s complicity in PetroChina’s ties to Sudan” and “rigorously question representatives [on the firm’s] role in securing the Sudanese government’s greatest benefactor such a lucrative deal.” While we encourage subversive demonstrations of any kind, and have in fact been told by sources from within UBS that they plan on giving the kids detailed information, including pie charts, on the various ways in which it is complicit with, nay, in favor of, funding murder, we at DealBreaker can’t help ask—are Harvard students really that dumb?

First of all, if you’re going to go after a bank for being pro-population restructuring, expose one nobody knows about, like Lehman Brothers, not the one that has a well-documented predilection for genocide (I’m referring to the Holocaust, of course, but also the employee suicides the bank has indirectly encouraged with its salary cap). B. Let’s assume for a second, that UBS is a little embarrassed by its role in the crisis in Darfur—in the grand scheme of the many, many things it has to be self-conscious about, of late, including multi-billion dollar writedowns, shitty bonuses, 1,500 layoffs, Dillon Read, etc., this is low on the list. Finally, the directive that students ought to “think twice about working for a company that underwrites genocide”? That’s a bit rich, not to mention presumptuous, considering that UBS isn’t even allowing its current class of first years to “get too comfortable.” And, okay, let’s say some of the Crimsons have already been offered positions—no one’s going to take a job at a bank that asks for money back in December, genocide or not. You don’t see any Harvard students refusing offers from $16.9 billion Goldman, despite its flagrant disregard for plant life in the outer reaches of Long Island, do you? The answer is no, you don’t. UBS was the safe, "we'd never work here anyway," move. But maybe that was part of their plan all along? It would be pretty sick and twisted, but that's a Harvard student for you. [Disclosure: John Carney attended Harvard for one semester in the early 90s.]
Shame On UBS [Harvard Crimson]


Hardcore Harvard Investment Group Soliciting Student Partners Who Aren't Afraid To Take Some Risks With Their Parents' Money

You're a Harvard undergrad and you want to beef up your resume so that in a couple years, top hedge funds will be begging you to take meetings with them. You figure joining some sort of on-campus investor group might do the trick, but there are so many to choose from it's difficult to figure out which one is going to be your ticket to the big leagues. Except it's not actually that difficult at all. In fact, the answer is quite simple. There are student investment clubs and there is Black Diamond Capital Investors. The former, piddling little after-school programs for, when it comes down to it, amateurs. The latter, an opportunity to put your balls on the table and make some real money. If that sounds like something you'd be interested, please have a check or money order for at least $1,000 ready,* which is the minimum investment members/partners must make, so that management can ensure everyone's got skin in the game. “Black Diamond is all about taking investments to the next level,” said Patrick M. Colangelo ’14, who founded the club last semester. He said that the mandatory minimum investment exists to ensure member engagement in the group, which is limited to 25 participants. "We select experienced finance students who are willing to put up the minimum capital contribution because we seek partners who will be vested in the operations and performance of the fund," Colangelo said. "It really gets the most out of our partners.” Member Arash Alidoust ’13 said he believes the buy-in is critical to the success of Black Diamond, which claims to be Harvard’s largest private growth fund. “It makes you much more concerned and much more innovative,” Alidoust said. “Black Diamond becomes part of your life.” And while the initial outlay be difficult for some college kids to swing, rest assured you're going to make it back many times over. Members said that Black Diamond’s investment strategy differs significantly from that of other financial groups on campus. Like the hedge funds it emulates, Black Diamond is a riskier investment than some of its peer groups, a risk which members hope will be rewarded. Colangelo said that the organization is aiming for a 30 percent return on its investment...“What Black Diamond has been created for is for investors who have a little bit of experience, joining a group of other experienced individuals who really want to do something different,” Colangelo said. Alidoust said that the strength and diversity of Black Diamond’s team of investors allows the club to break out of the typical “framework” of investing. “We encourage innovation and new ideas about investing, rather than just sticking with the old ideas,” he said. Exclusive Investment Club Asks Student Members for $1,000 [Crimson] *Though feel free to invest up to $20,000.