NEW YORK, May 2, 2017 /PRNewswire/ -- In conjunction with Columbia Business School's Applied Value Investing Program, Scott Hendrickson and Alex Duran of Permian Investment Partners are pleased to award Cara Goldenberg Columbia's first annual Investment Management Mentorship Award ("IMMA"). The IMMA annually recognizes an investment management professional who has exhibited outstanding investment acumen and strong mentorship within the investment management industry.
Through leading us as analysts at Brahman Capital and bringing us on as equal partners post-founding Permian Investment Partners, Cara exhibited generosity and outstanding mentorship throughout the years that we worked together. She is a talented investor with tremendous vision and unique contrarian idea sourcing capabilities. Cara thinks big and independently, and she has the capacity to scout and distill a complex, misunderstood investing opportunity into its simplest terms. Cara is direct and decisive and, in an industry often characterized by dogmatism, Cara has shown refreshing intellectual honesty.
Cara was recruited and tasked to expand Brahman Capital's multi-decade US-centric approach to include Europe. Rather than initially focus on "safe" ideas with limited upside, Cara successfully championed a very large investment in Fiat S.p.A under the new leadership of Sergio Marchionne. Cara's early investment analysis of Fiat's explosive path to a multi-fold market capitalization re-rating, entitled "Fiat – The Last Great European Restructuring" was awarded the "Best Idea" by Value Investing Club's member voting contest, a forum created by Joel Greenblatt, renowned investor and Professor at Columbia University. Fittingly, Columbia University later acknowledged Marchionne's achievements in honoring him with the Deming Cup award, which recognizes world leaders and business practitioners who have made outstanding contributions in the area of operational excellence and who have fostered a culture of continuous improvement in an organization.
Sergio Marchionne offered the following regarding Columbia's decision to honor Cara with this most recent award: "This recognition of Cara's outstanding investment talent and leadership is extremely well-deserved. I met Cara at the beginning of my tenure at Fiat, more than a decade ago, during the darkest moments of Fiat's history, when skepticism among the investment community was at its highest. I was immediately struck by her preparedness, unusual acumen and intuition. At a time when nearly everyone was divining the aftermath of Fiat's demise, Cara stood alone in her ability to see in Fiat the opportunity that I, too, saw; her contrarian perspective supported by her tireless diligence underpinned a rather 'lonely' affirmation of our ability to achieve and surpass those goals that, at the time, were universally rejected by her peers and industry experts. Never losing sight of the complex challenges with which management was faced, Cara was unique in her steadfast conviction in our bold objectives. Companies undergoing meaningful change are fortunate to gain Cara's credible backing and strong advocacy."
At Permian, Cara continued to uncover numerous "Fiats", institutionally shunned investment opportunities that then went on to implement major transformations under relatively unheralded management teams that have since become recognized for their tremendous accomplishments. Several of these managers later became investors in Permian, a testament to the appreciation that these leaders had for Cara's unusual skill and industry expertise.
We greatly appreciate having learned from her, both in terms of sourcing opportunities and evaluating opportunities, as well as having been exposed to her creative analytical skills. We feel tremendously fortunate to have aligned our careers with her. Beyond us, Cara has been a wonderful mentor to many others, including Columbia Business School students, in her role as guest lecturer at Columbia's Value Investor Program. Her leadership, integrity, and approach to investing have molded her colleagues and industry peers who have been fortunate enough to work with her. We appreciate the opportunity to honor Cara for her accomplishments and express our most sincere appreciation for the positive impact she has had on our careers and the many others so fortunate to work with her. We are forever grateful for the opportunity to have been mentored by and to have partnered with her.
Meredith Trivedi, Director, Center for Graham and Dodd Value Investing at Columbia Business School
Scott Hendrickson, Adjunct Professor Columbia Business School & Co-Founder, Permian Investment Partners
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SOURCE Permian Investment Partners; Columbia Business School’s Applied Value Investing Program