Disciplined. Fundamental. The Alpha of Ross.
Michigan's hedge fund club. The book is live.
“We believe that when stakes are high, people perform and learn better.”
Sequoia. a16z. Millennium. Bain.
The firm, tab by tab.
Trading
Six desks. One live book.
ExploreQuant
Systematic and code-first. Four desks.
ExploreSpeaker Series
Senior practitioners, every semester.
ExploreThe Fund
Live capital, tracked quarterly.
ExploreLeadership
Executive board, directors, analysts.
ExploreEvents
One ticker. $1,000. Firms in the room.
ExploreApply
Five events in September. Applications close on the 23rd.
See the timelineOn the calendar. On the resumes.
Balyasny
Goldman Sachs
Morgan Stanley
JPMorgan
UBS
Bank of America
PJT Partners
Moelis
Guggenheim
RBC
William Blair
BGO
Walbridge
Tigbourne
Rockbridge
Ducera
SMBC Group
Six desks. One live book.
Value
Cash-flow quality, balance-sheet strength, margin of safety. Buys businesses the market has mispriced and is willing to wait to be right.
Special Situations
M&A arbitrage, spin-offs, earnings setups, activist shadows. Catalyst-driven mispricings, found and sized.
Alternative
Private credit, secondaries, real assets and digital assets. Where the payoff is uncorrelated and the diligence is the edge.
Commodities
Energy, metals and agriculture. Curve structure, inventories, and the macro that moves them.
Long / Short
Long high-conviction names, short broken ones. Bottom-up, with sector rotation on the macro backdrop.
Strategic Partnerships
Hedge funds, quantitative firms and emerging managers hand the desk a defined problem. We scope it, staff it and deliver to the standard a fund holds its own analysts to.
Sets desk mandates with the Presidents, chairs the investment process, owns the live book.
VaR and drawdown across the five trading desks. Sizing, leverage limits, crowded-factor flags.
Aggregates every desk view into one fund-level book. Capital allocation with the CIO, and alpha attribution.
Owns the research process behind every desk view. Sourcing, diligence standards, and the bar a memo clears before it reaches the book.
The model rules.
Statistical Arbitrage
Pairs trading, basket mean-reversion, cointegration signals. Market-neutral by construction.
ML / AI Alpha
Alternative data, NLP on transcripts and filings, gradient boosting and neural signals. Code is the edge.
Systematic Macro
Trend, carry, and momentum across equities, rates, FX, commodities. No discretionary overlay.
Options & Volatility
Implied versus realized vol, tail hedging, structured payoffs. Prices risk while everyone else guesses.
Appointed by the Presidents. Owns the systematic book, the research agenda, and the build-out.
Shared data, backtesting, execution, code standards. Every desk runs on their rails.
Factor exposure, drawdown attribution, regime detection. The division's conscience.
Senior practitioners. Unfiltered.
Hernán Sáenz
Global Head of Bain's Strategy and Transformation practice, appointed in 2026 after tripling the firm's Performance Improvement practice into its largest capability. Walks our analysts through how the world's best operators think about strategy when the macro picture is fogged in.
Reserve your seat ↗
James Root
Bain partner based in Hong Kong and author of The Archetype Effect. Presents the global research behind the six worker archetypes, and what actually unlocks motivation, productivity, and engagement at work.
Reserve your seat ↗
Maria Jesus Ramirez
Leads MGI's research on generative AI and the future of work, and co-wrote the Agents, robots, and us series on skills in the age of AI. Formerly an associate partner in McKinsey's Financial Services Practice. On which skills hold their value as AI moves through the labor market.
Reserve your seat ↗
Alex Taussig
Public and private company director and former Co-Head of Consumer Practice at Lightspeed Venture Partners. Backed Faire, Vinted, and Whatnot. Serves on boards of United Rentals (NYSE: URI) and Mobility Global (NYSE: MBGL).
Reserve your seat ↗
Fred Reichheld
Creator of the Net Promoter Score. Author of The Ultimate Question and Winning on Purpose. In conversation with Ari Weinzweig at ZingTrain on referrals, loyalty and what actually drives sustainable growth. New Wave Capital members are attending; tickets are $40 through ZingTrain, breakfast included.
Tickets & details ↗
Shaun Maguire
Partner at Sequoia focused on seed and early stage deep tech and defense. Early backer of SpaceX, X, and Bridge. Will share how Sequoia underwrites bets where the market doesn't yet exist.
Reserve your seat ↗
Michael Mankins
Leader in Bain's Strategy & Transformation and Organization practices. Author of Time, Talent, Energy. 35+ years advising on execution and organizational design.
Reserve your seat ↗
Christian Keil
Investing Partner on a16z's American Dynamism team, which backs founders building in the national interest across aerospace, defense, and advanced manufacturing.
Reserve your seat ↗
Christopher Caron
Spent more than two decades running finance and operations inside manufacturers, rising from assistant controller to CFO at Hitec Sensor Solutions and steering it through the automotive downturn, before crossing to the deal side. Now leads industrials and manufacturing at G2 Capital Advisors out of metro Detroit, advising founder-owned businesses on middle market M&A. On what an operator sees in a company that a banker does not.
Reserve your seat ↗
Matt Cronin
Michigan Law graduate who prosecuted cybercrime at the Justice Department, ran national cybersecurity at the White House, then led investigations for the House Select Committee on China. Now advises a16z's American Dynamism portfolio where technology and national security meet.
Reserve your seat ↗
Jason Scheller
Ross BBA who invests in enterprise software and defense tech out of Bessemer's New York office, and co-author of the firm's Defense Tech roadmap. Before Bessemer he was one of the first hires at Patch, a Series B startup, on the growth side. On how a venture firm underwrites a company whose first customer is the Department of Defense.
Reserve your seat ↗
Jeff Verschleiser
Senior Advisor at Millennium and former Co-Head of Mortgage Trading at Bear Stearns and Head of Global Mortgages at Goldman Sachs. A firsthand account of 2008 from the center of the storm, on leverage, risk, and what really happens when markets seize.
Reserve your seat ↗
Rob Markey
Founder of Bain's Customer Strategy and Marketing practice and co-author, with Fred Reichheld, of The Ultimate Question 2.0. On building businesses that compound through customer loyalty rather than churn.
Reserve your seat ↗
David Abrams
One of the most respected value investors of his generation, running Abrams Capital's concentrated book with famously little fanfare. On patience, conviction, and finding asymmetric value where others look away.
Reserve your seat ↗
Greg Lewis
Fifteen years a partner in McKinsey's healthcare practice, on payment model design and the reality of implementing the Affordable Care Act, and latterly the firm's global dean of faculty. Now teaches strategy at Ross.
Reserve your seat ↗
Martin Reeves
Former chairman of the BCG Institute and author of Your Strategy Needs a Strategy and The Imagination Machine. On matching your strategy to your environment, and building companies that keep imagining.
Reserve your seat ↗
One name. One conviction. $1,000.
Members learn the craft.
Modeling, valuation frameworks, sector analysis, and how to build a defensible thesis.
Each desk picks a single name.
Every desk commits to one ticker. No backups, no hedges.
Two weeks to build the pitch.
Three-statement models, valuation, scenario analysis. Written in the desk's own voice.
Live pitch · judges decide.
Ten minutes, then twenty of Q&A. Alumni and practitioners judge. Winners split $1,000.
“The Private Markets team showed up with a thesis that would've held up in a Monday morning meeting.”
“The Carlyle pitch stood out because they understood the capital structure, not just the headline multiple.”
Put your name on a desk.
- Resume book of ranked analysts
- Logo placement and recognition
- Ranking ballot at the Pitch Competition
- Everything in Network
- Hosted recruiting event on campus
- Coffee chats with top members
- Everything in Corporate
- Guaranteed fireside chat
- Judging seat at the Pitch Competition
- Branded workshop or tech talk
- Everything in Premier
- Your named desk
- Title sponsor of the Pitch Competition
- Industry exclusivity
Grade analyst pitches alongside desk directors at the semester-end panel.
Tell your story at a Wednesday mass meeting. 100+ members, any background. We handle everything.
One-on-one with an assigned analyst. Two check-ins a semester, matched by desk and track.
Strategic advisors to fund leadership. Six seats.
Live capital. Real consequences.
| Quarter | Index | QoQ |
|---|---|---|
| Fall 2025 · Inception | 100.0 | · |
| Winter 2026 | 112.0 | +12.0% |
| Spring 2026 | 121.0 | +8.0% |
| Summer 2026 · through July | 119.0 | −1.7% |
| Strategy | Division | Mandate |
|---|---|---|
Long / Short Equity |
Trading | Fundamental long-short equity across large-cap and mid-cap names. Thesis-driven with a 6–12 month horizon. Primary strategy for the Trading Division. |
Global Macro |
Trading | Top-down macro trades expressed through equities, rates, and FX proxies. FOMC, geopolitical, and commodity-driven. |
Event-Driven |
Trading | Earnings, M&A, regulatory catalysts. Short-duration, catalyst-specific position sizing. |
Systematic / Quant |
Quant | Alpha signals sourced from price action, cross-sectional momentum, and factor models. Backtested in Python. Live signals monitored weekly. |
Event Contracts |
Quant | Binary event markets on Kalshi and Polymarket. FOMC outcomes, elections, macro releases. Quantitative edge applied to regulated prediction markets. |
Leadership.
Apply.
Five chances to meet the club before anything is due. Nothing here is required, and none of it is an application.
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Festifall
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BBA Meet the Clubs
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Mass Meeting
The application opens here -
Coffee Chats
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Office Hours