ORANGE VALUE FUND

Class of 2015 Analysts

Benjamin Basson

Joe Chan

Andres Diz

Eric Fitzgerald

Elmer Luke III

Joseph P. Morgan

Benjamin Uhing

Benjamin N. Basson bnbasson@syr.edu / 206-919-6220

Current Address: Permanent Address:

514 Walnut Ave, Syracuse, NY 13210 7035 38th

Ave NE, Seattle, WA 98115

EDUCATION

LinkedIn Profile: www.linkedIn.com/in/bassonbenjamin

Syracuse University Syracuse, New York Martin J. Whitman School of Management Expected May 2015

Bachelor of Science, Finance Major, Cumulative/Major GPA: 3.2/3.6 and Dean’s List Spring Semester 2014

PROFESSIONAL EXPERIENCE

The Orange Value Fund, LLC Syracuse, New York Senior Analyst Fall 2013 – Present

Participating in a two year money management program that trains students to become investment analysts by running a $1.8mm

unregistered hedge fund using a deep value investing methodology pioneered by Martin J. Whitman.

Completing the following customized course modules: Value Investing, Introduction to Financial Modeling for Investment

Banking, Introduction to Derivatives, Activist and Distress Investing.

Leading portfolio company projects, including researching and writing reports on AVX, WCL and FCX.

Lazard Asset Management New York City, New York

U.S. Large Cap Equity Research Analyst Intern Summer 2014

Rotated between the Emerging Markets, International/Global and U.S. Equities groups within Lazard Asset Management.

Developed recommendations of investments for portfolio managers in collaboration with experienced research analysts utilizing

advanced financial modeling techniques including DCF, LBO, Multiples and Comps analysis.

Presented investment ideas analyzed by the equity research team to Lazard’s senior management.

Eastern: A Xerox Company Syracuse, New York

Business Development and Consulting Intern Summer 2013

Successfully implemented business development projects by attaining net new business opportunities using customized

prospecting techniques and by building sustainable client relationships.

Exceeded monthly development goals (cold calls by 120%, appointments by 200% and FM-A by almost 350%) while effectively

communicating project results to upper management and sales representatives via daily, weekly and monthly reports.

CAA Tactical Ashdod, Israel

Business Development and Marketing Intern Summer 2012

Led a CAA Tactical high capacity magazine sales project and was in charge of directing and facilitating operations.

Improved communication in the Israeli office, the U.S. office, and with international clients by categorizing thousands of existing

contacts, facilitating English language communication among all parties and improving personal client relations.

WORK EXPERIENCE

Best Buy Syracuse, New York Computers and Tablets Sales Consultant Summer 2013

Assessed customer needs and developed complete technological solutions including software, hardware and service plans.

Established excellent customer relations that led to multiple high margin sales and customer requests for my expertise.

Syracuse University Syracuse, New York University Medical Transportation Services Driver Fall 2011 – Present

Transport patients in an SU medical van to health clinics and hospitals in the Syracuse metropolitan area.

PROFESSIONAL ORGANIZATIONS

Delta Sigma Pi: 2013 National Grand Chapter Congress Delegate and Xi Tau chapter brother since fall of 2012. Senior member

of the finance and investments board responsible for overseeing fraternity expenditures and creating annual budgets.

Syracuse University Investment Club: Active member of the investment club managing a portfolio of over $200,000 since 2011.

Whitman School of Management Alumni Mentor Program: Mentored by a SU Alum business professional, 2012-2013.

SKILLS

Computer: Excel, PowerPoint and Word, Bloomberg Certified in equity, fixed income and FX and S&P’s Capital IQ.

Financial: Financial document analysis, fundamental and value investing, technical analysis and investment report development.

Languages: Fluent in speaking, reading and writing in Hebrew and English.

Communication: Excellent skills in communicating with people from varied cultural, national and generational backgrounds.

Benjamin N. Basson

Benjamin was introduced to finance when his father helped him open his first savings

account at the age of six. He has actively pursued his interest in finance and investment ever

since. Benjamin grew up in Israel and moved to Seattle, Washington at the age of 15. Upon his

arrival in the United States, he worked tirelessly to accustom himself to life in this country.

Benjamin started a friendly financial competition with his new high school friends using market

simulation software, an activity that helped him make the cross-cultural adjustment. The

competition also increased Benjamin’s understanding of the stock market, investing and

research.

Upon Benjamin’s arrival at Syracuse University in 2011, he joined the Syracuse

University Investment Fund, a student run organization that manages over $150,000. Benjamin

is also a member of the Delta Sigma Pi professional fraternity. He is currently responsible for

allocating the fraternity’s funds as a member of its finance and investment boards. In addition,

Benjamin has held professional internships in business development and marketing, consulting

and equity research in both the United States and Israel. These internships have contributed to

his wide array of interpersonal, communication and cross-cultural skills.

As a Senior Analyst with the Orange Value Fund, Benjamin will use the valuable

experience he has acquired through his professional internships and international life

experiences to bring innovative perspectives to the team. He looks forward to a valuable

educational experience that will enable him to achieve his lifelong goal of a career in finance.

Joe C. Chan joe.chan@orangevaluefund.com | (917) 558-1393

Current Address: Permanent Address: 711 Comstock Avenue 42-55 Colden Street Apt 16A Syracuse, NY 13210 Flushing, NY 11355 EDUCATION SYRACUSE UNIVERSITY Syracuse, NY Martin J. Whitman School of Management May 2015 Majors: Finance & Accounting (B.S.) GPA: 3.44 / 4.0 Honors: Dean’s List (Fall 2011, Fall 2012, Spring 2013, Fall, 2013) | National Society of Collegiate Scholars (Spring 2012) EXPERIENCE The Orange Value Fund, LLC Syracuse, NY Senior Analyst August 2013 – Present The Orange Value Fund is a two-year investment banking and money management program within Syracuse University that seeks to train a carefully selected cadre of Finance students. Participating students manage The Orange Value Fund, LLC’s $1.7M portfolio utilizing deep value investment methodologies.

• Perform in-depth research and write investment reports on at least two portfolio companies • Track periodic developments for at least two portfolio companies by reading company press release, SEC filings,

listening in to quarterly conference calls, and update research reports accordingly • Propose at least two new investment ideas to the Fund and participate in the creation of a “watch list” • Mentor junior Orange Value Fund analysts • Serve as a Teaching Assistant for courses such as Value Investing and Control Investing • Built a standalone operating model and discounted cash flow analysis for The Wendy’s Company • Prepared presentations and pitched Lai Sun Garment to select money managers in New York City

William Blair & Company, LLC New York, NY Equity Research Summer Associate June 2014 – August 2014

• Worked within the Global Industrials and Infrastructure coverage group with a primary focus in Engineering, Construction and Capital Goods securities

• Conduct research, build and/or update financial models and other statistical data for use in the formulation of security analysis

• Prepare internal and external written reports, notes, and other documents to communicate investment ideas, research, news events and opinions regarding security analysis

Diversified Wealth Strategies, LLC Syracuse, NY Intern March 2013 – June 2013

• Constructed scorecard models for the advisors of the firm to facilitate investment decisions • Categorized mutual funds with respect to their sectors and screened out underperforming funds utilizing Morningstar

Direct • Presented scorecard models to the Investment Committee of the firm and analyzed top performing mutual funds

LEADERSHIP Theta Chi Fraternity, Alpha Chi Chapter Syracuse, NY Treasurer May 2013 – August 2014

• Develop financial reports and spreadsheets for the fraternity to ensure financial transparency within the brotherhood • Budgeted and monitored approximately $30,000 of chapter dues towards the chapter’s operations each semester • Participate in weekly Executive Board meetings to discuss internal affairs, social and philanthropic events

SKILLS

• Bloomberg Certification (Equities, Fixed Income, FX, Commodities) • Fluent in Cantonese, Mandarin Chinese, and Business Proficient in Fuzhou Dialect • Microsoft Excel Intermediate Level Certified by Microsoft • Proficient in FactSet, Morningstar Direct, Microsoft Office Suite, Adobe Photoshop and Adobe InDesign

Joe Chan

Joe originally grew up in Cincinnati, Ohio and moved to Hong Kong at the age of

7. Upon graduating high school he moved to New York City where he currently resides.

Joe’s first exposure to finance was when his grandfather gave him his first allowance and

encouraged him to save a portion of it and invest his savings in the future. His intellectual

curiosity for finance grew as he grew older and led him to wonder what he could invest

his savings into. This led Joe to discover the world of financial markets and the

importance of the role that finance plays not just in businesses but also the world

economy as well.

During the spring semester and summer of his sophomore year, Joe interned at

Diversified Wealth Strategies, a wealth management firm located in Syracuse. Joe

worked with various partners and financial advisors across the firm to discuss screening

criteria for the scorecard models that he built. He applied the appropriate values for each

scoring criteria to each sector that was included in Morningstar Direct and exported

spreadsheets through the program to build the scorecard models that were eventually used

by partners and financial advisors of the firm to facilitate investment decisions made by

the firm’s Investment Committee.

This summer Joe interned at William Blair & Company’s New York office with

the Equity Research division. He worked extensively with the Global Industrial and

Infrastructure coverage group and focused primarily on analyzing Engineering,

Construction and Capital Goods public companies. Joe believes that his experience

within a fast-paced, markets-driven environment that promoted teamwork,

communication, and accountability was a vital step forward in his future career in

finance. His experience in Equity Research has helped him develop the necessary skills to

succeed in the financial services industry, especially in areas of accounting, security

analysis, valuation, and financial modeling.

As a Senior Analyst in the Orange Value Fund, Joe has prepared presentations

and pitched a fund holding to select bankers in New York City within his first semester in

the program. As Joe progresses through the program, Joe hopes to continually be a strong

contributor to the Orange Value Fund and further hone his skillsets to prepare him for a

successful career within the financial services industry.

Andres Emmett Diz 145 Hathaway, DeWitt NY

315-447-3745 | emmett.diz@orangevaluefund.com EDUCATION Syracuse University, Martin J. Whitman School of Management Syracuse, New York Bachelor of Science in Finance and Accounting May 2015 Cumulative GPA: 3.6 / 4.0 SUNY College of Environmental Science and Forestry Renewable Energy (Minor) Syracuse University Madrid Madrid, Spain Summer Session Student May 2013-July 2013 WORK EXPERIENCE The Orange Value Fund, LLC Syracuse, New York Junior Analyst August 2013-Present The Orange Value Fund is a two-year money management and investment banking program, where students are trained to become both investment analysts and money managers while managing a $1.7 M portfolio using a deep value investment methodology similar in nature to Martin J. Whitman's "safe and cheap" approach. • One out of seven junior analysts selected to manage $1.7 million of actual cash • Perform due diligence on investment ideas that would positively affect the portfolio • Analyze companies within energy industry by completing a simplified DCF or Net Asset Value approach • Utilize Bloomberg and Capital IQ for the analysis of income statements, multiples, capital structure and company filings • Creating a DCF model within Excel to value the future cash flows of potential investments • Assisted a Senior Analyst on a J.C Penney (JCP) fixed income report by reading covenants and aiding in data analysis • Prepared a report on Renewable Energy Group (REGI) analyzing why the REGI common would be a value investment • Monitor price volatility to sell puts on REGI and buy puts on JCP shares SunEdison, Inc. Saint Peters, Missouri Internal Audit Intern May 2014-August 2014 • Provided the distributed generation business segment recommendations on how to improve their operational processes

and make installations more of a flow business • Gained a comprehensive understanding of installing a distributed generation system by creating a flowchart and narrative

starting from the origination stage of the process to the operations of the system. • Performed a compliance audit on the financial reporting of the Singaporean office • Gained hands on knowledge of energy systems by visiting sites and learning the technical side of the solar industry Aurora’s Lawn Mowing Aurora, New York Entrepreneur/Owner May 2006-October 2011 • Scheduled lawn mowing for 14 clients on a regular basis • Solicited prospective clients by posting flyers and walking door to door • Doubled average yearly income every three years, due to high client satisfaction LEADERSHIP EXPERIENCE SU Investment Club Syracuse, New York Vice President`, Renewable Energy Research Officer August 2012-Present • Assist in managing a $145,000 portfolio by pitching investment ideas and voting on potential holdings • Research the renewable energy industry by analyzing markets and current events • Presented my investment thesis on IAMGOLD and Renewable Energy Group in front of 30 members and defended my

idea against criticism OrangeSeeds Syracuse, New York Seed September 2012-May 2013 • Chosen out 125 freshmen applicants to be in a one year, leadership and empowerment program of 28 • Organized “The Big Event,” the largest community service project at Syracuse University by planning bus routes,

food donations, and movement of volunteers throughout the event as a member of the logistics committee SKILLS • Bloomberg Terminal Certified (Equity, Fixed Income, Commodities), Capital IQ • Microsoft Excel proficient in an Intermediate level ACTIVIES & INTERESTS • Manage personal investment portfolio through Charles Schwab & Co., Inc. • Creative writing. Recently finished a two-hundred-page manuscript • Member of Kappa Sigma (Gamma-Iota Colony)

Andres Diz

If someone ever asked Andres what his passions were in life he would quickly respond two

answers: finance and renewable energy. The desire to learn more about each area started at a young age

and has led him to the Martin J. Whitman School of Management at Syracuse University to study finance

and managerial accounting, while working for a minor in renewable energy at the prestigious SUNY

College of Environmental Science and Forestry.

Andres just finished up his junior year of school and gained an extensive amount of knowledge

within his desired fields. As a junior within the Orange Value Fund, LLC, Andres has worked on several

investment ideas that follow his expertise. He single-handedly wrote a report on Renewable Energy

Group Inc., a biodiesel production company and a report on SunEdison Inc., a solar system installer. He

utilized his modeling skills to find proper valuations for each company including a DCF model and a net

asset value approach, increased his knowledge of both industry areas by reading financial reports and

being current with sector news, and pitched his ideas to the director of the fund as potential investment

opportunities. He is excited to continue this work in the coming school year.

Andres has also had the privileged to work within the internal audit team at SunEdison in St.

Peters. He spent the majority of his twelve-week internship working on an operational audit for the

distributed generation segment of the business. Him, along with two others, interviewed everyone

involved in a solar project to gain a full understanding of how a system gets acquired by the sales team

and is closed by the construction team. After assessing the risks and the inefficiencies of the project, the

team provided head management with proposed changes. Along with his work on the distributed

generation side, Andres assisted in a financial audit of the Singaporean office. While there, he increased

his knowledge of solar accounting. He also got a chance to learn the more mechanical and technical side

of the solar systems when the internal audit visited one of their many sights.

Andres hopes to leverage his many qualities and experiences to continue down a path that

combines his passion for renewable energy and finance.

ERIC M. FITZGERALD 8 Twyndom Terrace, New Hartford, NY 13413

eric.fitzgerald@orangevaluefund.com 315-725-8997

EDUCATION Syracuse University Martin J. Whitman School of Management Syracuse, NY Bachelor of Science in Finance & Accounting Expected May 2015 • GPA: 3.7/4.0 • Honors: Dean’s list, Robert E. & Grace Reed Scholarship WORK & LEADERSHIP EXPERIENCE The Orange Value Fund, LLC Syracuse, NY Senior Analyst August 2013-Present The Orange Value Fund is a two-year money management and investment banking program, where students are trained to become both investment analysts and money managers while managing a $1.7 M portfolio using a deep value investment methodology similar in nature to Martin J. Whitman's "safe and cheap" approach. • Bloomberg certified in equity, fixed income, and FX • Completed the following course modules:

o Value Investing o Introduction to Financial Modeling for Investment Banking o Control Investing o Distress Investing

• Research and write reports on a portfolio companies under the supervision of a Senior Orange Value Fund Analyst • Assisting Senior Orange Value Fund Analysts in their work Ascent Wealth Partners Utica, NY Equity Research Summer Associate May 2014-August 2014 • Initiated coverage on potential investments (Ex: Under Armour & Perrigo); pitched investment reports to the Portfolio Manager, which lead to new positions. • Worked extensively in the Health Care sector GELRAD, Lean Six Sigma Consulting Clinton, NY Manager of Business Development May 2013-August 2013 • Consulted with executive team on business strategy decisions including projects to pursue to increase clientele • Organized Lean Six Sigma simulations and classes, researched and contacted companies using data on Hoovers • Researched potential clients in the pharmaceutical and oil/gas industries for Six Sigma deployment or augmentation Bloomberg Summer 2013 Analytics Boot Camp New York, NY Participant May 2013 • Received comprehensive training in Bloomberg Terminal functions, as well as asset classes such as equities, fixed income, commodities and derivatives • Conducted group presentations in front of multiple Bloomberg employees to demonstrate affluence in the stated asset classes using research obtained through the Bloomberg Terminal Syracuse University Men’s Ice Hockey (Division 1 ACHA) Syracuse, NY Assistant Captain January 2013-Present • Practice/games six days per week - 30+ game season with extensive travel • 2013-2014 NECHL Regular Season Champions

SKILLS • Bloomberg Certified (equity, fixed income, FX) • Computer: Microsoft Excel, Word, and Power Point, Hoovers • Proficient in Spanish ACTIVITIES & INTERESTS • Syracuse University Investment Club • USA Ice Hockey Referee (10 seasons) • Seven-year participant in the annual Ride For Missing Children • Hiking Adirondack high peaks, wakeboarding, mountain biking, travel

Eric Fitzgerald

Eric is a senior pursuing a double major in finance and accounting at the Martin J.

Whitman School of Management at Syracuse University. After attending Siena College for three

semesters where Eric earned placement on the President’s and Dean’s List, he transferred to

Syracuse University to fulfill his academic aspirations in financial studies. The Orange Value

Fund and Ballentine Investment Institute were primary factors in Eric’s school choice, as he

understood the value of the educational opportunities they provide.

Since the age of 3, Eric has played for several competitive ice hockey teams in multiple

cities, including an Assistant Captain role on the Syracuse University Men’s Ice Hockey team,

where his leadership skills and strong work ethic have flourished in the fast paced, high-pressure

environment. Lessons learned form the discipline and commitment of a team are seen in the

classroom as Eric’s drive for excellence consistently prevails. His passion for finance is a product

of his ability to work tirelessly in a field where his talents will be demanded. Regularly taking

advantage of learning opportunities outside of the classroom, Eric proactively strives for

continuous academic improvement. With a 2.8% rate of acceptance, Eric was admitted to attend

Bloomberg’s 2013 Analytics Summer Boot Camp in New York City, where he received

comprehensive training on Bloomberg terminals from Bloomberg’s financial sales and analytics

professionals.

During the summer of 2014, Eric worked as an Equity Research Associate for Ascent

Wealth Partners, an investment/financial advisory firm located in Utica, NY. He worked under a

partner and portfolio manager initiating coverage on potential investments to later pitch his

research to superiors. Throughout the summer, Eric’s aptitude in equity research was

unmistakable, as many of his ideas and reports lead to profitable positions.

With an accounting background and a strong understanding of business processes

packaged together with unmatched work ethic and attention to detail, Eric is confident that his

experiences have positioned him to excel in the financial industry. Upon graduation, Eric hopes to

pursue a career in investment banking or equity research.

Current Address Elmer Luke III Permanent Address

809 Walnut Ave. 330-881-3002 5230 Logan Arms Drive

Syracuse, NY elmer.luke@orangevaluefund.com Girard, OH

Education

Syracuse University

Whitman School of Management, Bachelor of Science in Finance

Maxwell School of Citizenship, Bachelor of Arts in Economics May 2015

Overall GPA: 3.61 / 4.00

Dean’s List (all semesters)

Work Experience

Orange Value Fund, LLC Aug. 2013 - Present

The Orange Value Fund is a two-year money management and investment banking program, where students are

trained to become both investment analysts and money managers while managing a $1.7 M portfolio using a deep

value investment methodology similar in nature to Martin J. Whitman’s “safe and cheap” approach.

Analyzed JCPenney Credit Agreements and Covenants, projected financial statements to analyze cashflow,

and initiated a position for the fund

Achieve Bloomberg certification in equity, fixed income and FX

Assisting senior analysts, seeking to use equity valuation techniques to provide sound investment ideas for

the fund, while gaining returns superior to the market

Credit Suisse (USA), LLC New York, New York

Equity Research Summer Analyst, Securities Division June 2014 – Aug. 2014

Initiated coverage on a company, wrote a report, and delivered a stock pitch for future client reference

Constructed a dynamic financial model that can be used to estimate earnings and growth patterns of the

initiated company

Updated corporate earnings models and assisted team in earnings calls

Researched, summarized, and reported news events daily to Senior Analyst

Credit Suisse (USA), LLC New York, New York Equity Research Summer Analyst, Securities Division June 2013 – Aug .2013

Derived correlations of 32 stock prices and trends in Senior Management and a Board of Directors

compensation from the past 10 years by using the 10K and Proxy statements to form an investment thesis

to be used in portfolio management

Wrote a report after analyzing and valuing a stock, that be used to pitch the stock to clients

Read through the 10k, 10Q, proxy statements, and used macroeconomic indicators, and commodity and

interest rate spreads to value, forecast, and find an investment opportunity and a catalyst to propel the value

of the stock higher

Leadership Experience

Investment Club Syracuse, New York President, Executive Board Dec. 2013 - Present

Manage and execute trades for the $150,000 in the brokerage account for the club

Initiated a campaign that established a 100% increase in membership, trained 20 research analysts that

present on industries and investment opportunities, created a website that was lean and useful for members

Provide advisory to the club on positions, capital funds, and investment ideas by monitoring news,

economic events, and forecasting how they will affect our current positions

Previously served as the as the Secretary and Portfolio Manager on the Executive Board, as well as the

financial sector and currency market analyst

Syracuse University Syracuse, New York Resident Advisor, Ernie Davis Hall Aug. 2013 - May 2014

Organized, planed, and executed over 20 programs throughout the academic year to actively engage over

250 residents

Collaborate with other resident advisors to ensure success of programs, and to build community amongst

residents

Skills, Activities, & Interests

Achievements: Eagle Scout Award (Boy Scouts), Order of the Arrow

Activities: Omicron Delta Epsilon, Economics Club, Students in Free Enterprise, Personal Portfolio

Technical Skills: Microsoft Excel, Microsoft PowerPoint

Elmer Luke III

Elmer, an Ohio native, studying finance and economics at Syracuse University, became interested

in finance at a young age. His interest in the financial markets was sparked by a merit badge requirement

in Boy Scouts. Curiosity led to Elmer to read and learn more on this topic. Whether it was a sleepless

night at his computer or reserving and searching through 30 to 50 books at a time from the local libraries

he was determined to understand more about the movement of stock prices.

Passionately, Elmer proceeded to read more not only on stocks but also on stock options,

currencies and commodities. A product of learning financial markets in a recession era, Elmer has

developed an interest in macroeconomics, and has analyzed investment ideas from both a top down and

bottom up approach. In markets becoming ever more globalized, macroeconomic events have become

salient in any investment analysis idea. Aside from the fundamentals of the company or industry, Elmer

has used technical analysis to confirm his idea, using this in his personal portfolio of stocks.

Upon arriving at Syracuse University Elmer used his gained knowledge and joined the Syracuse

University Investment Club, immediately becoming involved as a financial sector and currency market

analyst. As a freshman, Elmer contributed to the conversation often looking at macroeconomic headwinds

that he believed would be overlooked and recommend his ideas to the investment club. Currently, Elmer

serves as the clubs’ President, after previously holding positions the Portfolio Manager and research

analyst.

Recently, Elmer has been researching futures spreads and pairs trading. He has analyzed energy

commodities, interest rate, and agricultural commodity spreads looking primarily at seasonal data,

business cycles, and global demand and supply for goods and how it affects future prices. As well as how

interest rates effect currencies exchange rates, and economic demand in countries contributing to growth

or contraction. All the while, looking to see how these actions affect business and stock prices. After

graduation Elmer aspires to work in investment banking. His long term goal is to work in the hedge fund

industry.

Joseph P. Morgan 4229 Gates Road, Jamesville, NY 13078 | jpmorg01@syr.edu | (315) 506-9669

Education Syracuse University Syracuse, New York Martin J. Whitman School of Management Bachelor of Science May 2015 Majors: Finance and Accounting GPA: 3.91/4.0 Work Experience The Orange Value Fund LLC Syracuse, New York Senior Analyst August 2013 – Present

• Selected to work as an analyst on a $1.8mil portfolio managed solely by students underneath the direction of a Whitman professor using a value investing methodology

• 1 of 8 students hired from over 40 applicants • Leading a team of two other analysts to perform detailed financial analysis on possible equity investments, create

research reports, offer a buy or sell opinion, and present findings at roadshow presentations • Screening for potential new equity investments and monitoring the existing holdings of the portfolio • Relevant course work includes Financial Modeling, Value Investing, Activist Investing, and Distressed Investing

BNP Paribas New York, New York Summer Analyst, Equity Derivatives Flow Sales June 2014 – August 2014

• Hired as 1 of 84 summer analysts from over 10,000 applicants • Supported the sales desk by creating morning market commentary to be sent to clients, running volatility swap

pricing models, and monitoring Instant Bloomberg message boards for client trade requests • Streamlined client prospecting by scanning 70 client’s 13F filings for equity derivatives holdings and creating an

Excel database to collect and summarize over 4,500 data points • Worked with complex equity derivative products such as vanilla options, exotic options, forwards, and swaps

Diversified Wealth Strategies, LLC East Syracuse, New York Intern May 2013 – August 2013

• Participated in meetings between advisors of the firm and wholesalers from mutual funds and insurance companies to discuss potential investment products for clients of the firm

• Created a mutual fund screener using Excel to sort through approximately 26,000 funds and rank them based on a weighted valuation system

Leadership Experience Syracuse University Investment Club Syracuse, New York Member January 2013 – Present

• Providing assistance in managing a portfolio valued at approximately $165,000 by assessing investment options that the club can pursue in order to maximize gains

• Discussing and analyzing the state of various securities industries and financial markets • Applying expertise using knowledge and ability gained from the Orange Value Fund to help newer club members

Deloitte FanTAXtic Competition New York, New York Consultant November 2012

• Selected by a Syracuse University faculty advisor to participate in a Deloitte sponsored team-based simulation in which competing teams prepared and presented solutions to a tax-related issue to a client

• Assisted the team by researching tax law, determining client’s liability, and presenting opinions in a conference • Exercised communicative, critical thinking, presentational, and financial skills in a competitive setting

Technology Proficiency

• Bloomberg certified in the areas of equity, fixed income, commodities, and foreign exchange • Certified Microsoft Excel Specialist at the Intermediate level through Certiport

Other Interests

• Skiing, fishing, travel, and football

Joseph “Joe” Morgan

From a modest beginning in Jamesville, a small suburb of Syracuse, New York, Joe Morgan has

never been afraid to do what is necessary to achieve his goal of gaining a career in finance. After

two years of schooling at Le Moyne College, a smaller school in Central New York, Joe learned

that if he were to chase his dream of making it to Wall Street, it would require hard work, active

engagement with the financial world, and transferring to the Martin J. Whitman School of

Management at Syracuse University in order to study finance and accounting.

Since transferring to Whitman, Joe has come to greatly appreciate the concept of risk and reward,

which strengthened his interest in the application of that concept in the financial markets. After

risking extra time to complete his bachelor’s degree, thousands of dollars in tuition to make up

for lost credits, and possibility of failure in attaining a position in financial services in New York

City, Joe has reaped the rewards of scholarly excellence as well as involvement with crucial work

and extracurricular opportunities such as the Orange Value Fund. His passion for the financial

world coupled with his strong work ethic has helped him to maintain a 3.9 GPA while working as

both an Analyst for the Orange Value Fund, LLC and a Sales Associate at Sears. These

opportunities have taught him the invaluable skill of time management; bolstered his abilities to

work both alongside others on team projects as well as individually; and given him confidence,

poise, and integrity in managing client relationships.

The comfort and enjoyment that Joe experiences while working face-to-face with clients has

given him a strong desire to pursue a position in sales once he begins his career in New York

after graduating, and in the meantime he has eagerly accepted any opportunity to hone his skills

there. For the summer of 2014 Joe will be interning at BNP Paribas, working at the equity

derivatives sales desk covering hedge funds.

BENJAMIN UHING benjamin.uhing@orangevaluefund.com

402.649.3038 Current Address: Permanent Address: 515 Walnut Ave. Apt #1 1500 N. 43rd St. Syracuse, NY 13210 Norfolk, NE 68701 EDUCATION Syracuse University May 2015 Martin J. Whitman School of Management Syracuse, NY Bachelor of Science Majors: Finance, Management GPA: 3.75 / 4.00

• Dean’s List every semester Fall 2011-Present • Beta Gamma Sigma Honor Society Spring 2014-Present

Relevant Coursework: Financial Modeling for Investment Banking I, Introduction to Financial Derivatives, Corporate Finance, Value Investing, Distress Investing, Control Investing, Financial Accounting, Managerial Accounting, Micro and Macro Economics, The World Economy, Managerial Statistics, Presentational Speaking, Advanced Financial Modeling for Investment Banking II (Fall 2014)

EXPERIENCE Orange Value Fund, LLC Syracuse, NY Senior Analyst August 2013-Present The Orange Value Fund is a two-year money management and portfolio management program, where students are trained to become both investment banking analysts and money managers.

• Manage a $1.7M portfolio using a deep value investment strategy similar to Martin J. Whitman’s “safe and cheap” approach • Research and write reports on portfolio companies to pitch to the managing director, investment professionals and other

members of the fund • Prepare presentations on new investment ideas to be presented to selected money managers in New York City • Complete the following undergraduate and graduate course modules including: Financial Modeling for Investment Banking I,

Advanced Financial Modeling for Investment Banking II, Value Investing, Control Investing, and Distress Investing • Mentor junior Orange Value Fund Analysts and supervise their work

J.P. Morgan Chase & Co. New York, NY Summer Analyst June 2014-August 2014

• Worked and learned as a summer analyst in Private Equity and Real Estate Services on the Waterfall Development Team • Assisted in developing waterfall models for private equity funds for the purpose of allocating proceeds to investors and the

General Partner • Performed quality assurance tests on the models to ensure proceeds were being allocated correctly • Read through limited partnership agreements and drafted requirements documentation that the client would agree to and the team

would base the model on LEADERSHIP Whitman School of Management Syracuse, NY Peer Facilitator August 2012-Present

• Assist first year management students in adjusting to college by serving as a liaison between students and faculty • Aid a group of six students with their industry analysis project for their introductory business course

Syracuse University Men’s Club Volleyball Syracuse, NY President & Team Captain August 2011-Present

• Team captain since 2013 and President of club since Spring 2014 • Manage the annual team budget of over $20,000 and allocate funds to best serve the club • Serve as the team’s starting middle blocker, which finished fifth and ninth out of 48 teams at the National Tournament in 2013

and 2014 respectively SKILLS, ACTIVITIES & INTERESTS Skills: Proficient in Microsoft Excel, PowerPoint, Bloomberg Terminals and Capital IQ Activities: Financial Management Association, Delta Sigma Pi Professional Business Fraternity, Whitman Mentor Program, Central New York SPCA Volunteer, Beta Gamma Sigma Honor Society Interests: Running, intramural basketball, beach volleyball, hiking and reading

Benjamin Uhing

Benjamin Uhing is a junior enrolled in the Martin J. Whitman School of Management at Syracuse

University. His passion for finance and investing came from discussions with his father about the market

and deciding together which securities they should invest in for his college fund. Ben ventured from the

Midwest to Syracuse University to ultimately transition to a future career in finance on the East Coast.

Ben has been on the Dean’s List every semester while maintaining a strong 3.75 GPA. While at

Syracuse University, Ben has developed multiple tools including teamwork, communication, and analytic

skills, which will be beneficial for his career in business. Ben has been awarded the Chancellor’s

Scholarship for his continued academic achievement. He was chosen to be a member of the Beta Gamma

Sigma Business Honor’s Society, which handpicks students out of the top 10% of their schools accredited

business program to become members.

Beyond the classroom, Ben is involved in many other activities at Syracuse University. He

demonstrates his leadership skills by being a peer facilitator for six first year management students by

serving as a liaison between students and faculty. He is also President, Team Captain and starting middle

blocker of the Syracuse Men’s Club Volleyball team, which finished ninth out of 48 teams at the National

Club Volleyball Tournament in 2014. He manages the team’s annual budget of over $20,000 and

allocates the funds to best serve the club. Ben’s competitive drive was exposed in high school where he

was the varsity team captain of state championship winning cross country and basketball teams. He plans

to take the love of competition he learned through sports into his professional life.

In addition to the skills attained through academics, extracurricular activities, and athletics, Ben’s

work history has provided him with valuable experience. In the summer 2014, Ben was a summer analyst

for J.P. Morgan Chase & Co. in New York City where he covered private equity services. He assisted in

developing waterfall models for various private equity funds.

Upon graduation from Syracuse University, Ben plans to pursue a career in either asset

management or investment banking where he can put his competitive drive and strong work ethic to use

in a fast paced work environment.