BLK Capital Management, Corp
Santiago Richard has a diverse work experience in various industries. In 2023, they worked as an Incoming 2024 Investment Banking Summer Analyst at Bank of America and participated in the Careers Launchpad & Inclusion Forum. Santiago also served as an Investment Banking Summer Analyst at Vermilion Rock Advisors and as a Private Equity Fall Analyst at Enhanced Healthcare Partners. Additionally, Santiago worked at BlackGen Capital as a Vice President of Education and an Analyst, and at BLK Capital Management, Corp as a Community Member. In 2022, they were involved in the Trojan Investing Society, where they completed the Leaders Program, Capstone Program, and General Program. Santiago also held the position of Career Prep Fellow at The Diversity Accelerator Program and participated in the SEO Edge Fellow program at SEO (Sponsors for Educational Opportunity). In 2023, Santiago additionally took part in the Fellowship Insights Program at Sixth Street.
Santiago Richard earned a High School Diploma in High School/Secondary Diplomas and Certificates from Belen Jesuit Preparatory School, attending from 2015 to 2022. Santiago then pursued a Bachelors degree in Business Administration from the University of Southern California, studying from 2022 to 2026.
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BLK Capital Management, Corp
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♣ BLK Capital Management, LLC is a 100% black owned and student run hedge fund that focuses on educating our members by exposing them to the field of active investment management. We are a long/short equity fund that employs our capital across the globe delivering absolute returns seeking to outperform industry standards. ♣ BLK Capital actively recruits and selects intelligent and motivated students from the Ivy League, MIT, and Stanford to craft a small team of elite investors. As a prerequisite for selection, each member must go through a three-round, case-study interview process that highlights their passion for knowledge and ability to display leadership capabilities. ♣ On the long side, we teach and believe in a bottom-up, fundamental analysis value philosophy. We seek to gain a competitive advantage through focusing on small cap companies with less analyst coverage and more opportunities for deep mispricing with a significant margin of safety. ♣ On the short side, we look to take a contrarian position and look for companies that meet several of our specific requirements: - Significant exposure to technological obsolescence - High amounts of debt and risk of default - Hard catalyst that will occur within 12 months of our initial investment - Accounting fraud or significant deception in accounting techniques With these disciplines, we hope to find investments with a favorable risk/reward profile so that we may preserve our capital and diversify our portfolio. Our short positions never make up more than 1-2% of our portfolio and no position makes up more than 7-8% of the fund. Our members are divided into industry sectors and become experts through focusing on industry trends and the underlying business models within their sector.