Saturday, February 13, 2010

2010 February Luncheon - Jamey Stoner '05

Jamey Stoner '05
Jamey kept everyone asking questions long past our usual ending time.  It’s a credit to his engaging presentation.  First he shared “Hedge Fund 101” which was an introduction to the hedge fund business.  How they work, what they charge, and why the recession created a double-big hole for the hedge funds.  With his three years of experience with hedge fund, Tremblant Capital, this alone was worth attending the luncheon.  Then Jamey moved on to “Non profit 202” to explain the motivation and process that drove him and his cohorts to create “Construction for Change”.  With a bunch of bright young guys volunteering their time (like Jamey) the contributions flow nearly 100% to the end projects.  What’s not to like about a bunch of committed, earnest young guys doing good in highly leveraged situations to maximize the impact of every contributed dollar?  The back story was very interesting, and the description of the schools they’ve built in Africa was quite interesting.  The need for school facilities is high, and Construction for Change has taken on projects in Brazil (Orphanage), Zambia (School), Kenya (Housing), Cambodia (School) and India (Hospital). 

The Sigma Tau chapter’s 2009 fundraising effort generously funded a second school for the Zambia project.  And, more importantly, four current fraternity undergraduate members (Brad Bissell ‘10, Nate Thramer ‘11, Pete Montgomery ’12, and Sam Barnes ‘12) were able to travel to the project site and assist with the school construction.

The presentation give and take included recommendations that Jamey’s group approach the national fraternity to expand their efforts to partner with local chapters.  You can find more information on Construction for Change at this web site  www.constructionforchange.org     We appreciate Jamey’s flying in from New York to speak to the luncheon group.  You might enjoy reading the latest newsletter update about Construction for Change.  Click here to view the news letter.    And by all means, we encourage you to contact Jamey at this e-mail:  James Stoner jstoner@tremblantcapital.com