Wednesday 24 September 2008

Stuff to sell

Hello all,

we are leaving Oxford... That's sad - but you can take advantage of the situation and cut a great deal by buying the following at fantastic prices:

Macroeconomics – David Miles and Andrew Scott – Second Edition - £25
Organizational Behavior – Stephen P. Robbins – Tenth Edition - £25
Trading & Exchanges Market Microstructure for Practitioners – Larry Harris – 2003 - £30
Options, Futures, and Other Derivates – John C. Hull – Sixth Edition - £30

Sub Fusc (I'm 1.76m - that's 5 feet 9.29 inch) complete with white bow tie and Mortar board £25

Ladies bike (incl. lock and basket on the carrier and battery lights) not new but in good condition £35


Send me an email - give me a call - whatever you like. Will leave Oxford on Friday morning. So you better be quick...



Best
Sebastian

Tuesday 2 September 2008

My Birthday

I took a day off for my birthday on Monday. I was looking forward to punting with

Sebastian and have a nice picnic somewhere when the rain came and we were forced indoors.



Not so easily dissuaded instead we decided to have the picnic in the living room. In the evening we had some beer with friends at Cape of Good Hope. Sebastian was a bit tipsy after the bottle of champagne that we both had in the afternoon and therefore he was surprised that the barman didn’t react to his order of “One Erdbeer Beer” please. Even when he repeated this twice ;)


Monday 18 August 2008

7th Anniversary


Liebe heißt Wärme auszustrahlen, ohne einander zu ersticken.
Liebe heißt Feuer zu sein, ohne einander zu verbrennen.
Liebe heißt einander nahe zu sein, ohne einander zu besitzen.
Liebe heißt viel von einander zu halten, ohne einander festzuhalten.
Liebe ist das große Abenteuer des menschlichen Herzens.
Spüren Menschen das Herz eines Menschen, dann kommen sie zum Leben.
Liebe ist der einzige Weg, auf dem Menschen menschlicher werden.
Allein die Liebe ist das Haus, in dem wir wohnen können.

-Phil Bosmans -

Picnic St James's Park

Tuesday 1 July 2008

Back in Europe - Oxford

Just to let you know that I arrived last Wednesday with a 6 hours delay back home - Just in time to see the second half of the EM half final.

Wednesday 25 June 2008

Typhoon

There is a Chinese phrase saying „If nice and lovely people leave their house the weather will celebrate this with rain and thunder”. If this is true I am an amazing person because Hong Kong welcomed me with a black thunderstorm and says Goodbye with a Typhoon and as I saw 5 minutes ago again with a thunderstorm. I would prefer sunshine for celebration ;) The warning came up yesterday evening so that we had to leave the Uni really abrupt to get home save. From a warning 3 it went rapidly to 8 (the highest one). Since this happened yesterday night time I was sure that it won’t affect my flight this morning – but …..

I took around 1.5 hours to get a taxi to the airport – horrible drive.

Now I am sitting in a café because my flight will be at least 4 hours delayed – you can’t see anything outside. After checking the Hong Kong Observatory website I was shocked by all the signs: Red Thunderstorm warning, Typhoon 8, flooding and additional Thunderstorm sign …. GREAT!

My husband’s answer was: I hope you can make it to the half final ;)

Tuesday 24 June 2008

Finished - again

After Trading and Market Microstructure yesterday afternoon - which was ok but for sure not great... - I sat for my last exam this morning in Derivatives.
I think it was fair and hope that what I wrote makes some sense :-) In Oxford you actually never now up to the point when you finally receive your grade. This is due to the fact, that all exams are "curved" which means that after grading them - something like a normal distribution curve with a mean of 63 is used to adjust the results in a way that the results fit the curve. That makes the personal outcome of an exam dependent on the performance of the rest of the class. We will see ;-)

Now I'm back to the library to work on the last two papers for this term. They are due on Monday but I want to finish them as soon as possible to be able to spend some time with Klaudia. We have barely seen each other this term and I'm really looking forward to having her home again tomorrow.

Therefore I better stop blogging for the moment and go back to my work on Negotiations...

Monday 23 June 2008

Examinations again

This morning I sat for my Capital Raising Techniques 2 hours exam.
I think it was fair and the form of the exam (4 compulsory questions in part A (short answers) and 2 out of 7 questions (essay form) in part B) provides the possibility to pick essay topics one is comfortable with.
I'm not sure whether my choice to write about the differences between mezzanine and high yield bonds both from an issuer and arranging bank perspective was clever... I'm afraid I might have mixed some things up and did not elaborate enough on the bank's side. But we will see ;-)

At 2:30 I'll sit for the second but last exam in my course: Trading and Market Microstructure.
But before that I'll have lunch, a quick nap and a bit of last minute revision ;-)

Sunday 15 June 2008

Rebus

What's this? I took this picture last Thursday in the Kowloon Walled City Park after a rain.





The history of the Walled City (known as Kowloon then) can be traced back to the Song Dynasty (960–1279), where it served as a watchpost defending the area against pirates and managing the production of salt. It was rebuilt as a fort in the mid-1800s on the same site on the Kowloon Peninsula of Hong Kong. After the ceding of Hong Kong Island to Britain in 1842 in accordance to the Treaty of Nanjing, the Qing (Chinese) authorities felt it necessary for them to establish a military/administrative post to rule the area and to check further British influence in the area.

The area where the monolith once stood is now a park located in today's Kowloon City District. Completed in August 1995, the park is known as the Kowloon Walled City Park (九龍寨城公園), preserving the heritage of the fabled Walled City and is part of the adjacent Carpenter Road Park.

Tuesday 10 June 2008

BBQ at RAC

You might not believe it, but we really had nice weather for a couple of days.
Brent was kind enough to take the opportunity arranging a BBQ at Templeton's Rewley Abbey Court where quite a number of our classmates live. He is a great chef and we had chicken, ribs, salad and to top it all apple pie with ice cream.
Given my workload this week and the fact, that I was a little drunk on Monday night after hanging out with some of the Germans I stayed away from the beer and left early to get some work done...

Here are some pictures of the BBQ...

I am still alive

Le Ho (means Hello) from Hong Kong!

I am still alive and ok. The thunderstorm was here for nearly the whole Saturday and he caused some big damage in some regions from Hong Kong but Kowloon where I am based hasn’t suffered from the rain a lot. Since Sunday we have actually some sunny hours and the rain stopped!

Saturday 7 June 2008

Black Thunderstorm

After a 13 hours flight I arrived on Thursday in Hong Kong to run a campaign at the City University and train 2 new persons for the HK market. It is raining season at the moment.

Today should have been my first day of training BUT ….

It happens that a training day can’t take place because we do not have enough students or the technique is not working BUT here in Hong Kong we had to cancel at least the morning (we will decide at midday if we can do the training) due to a black thunderstorm warning which means that we are not allowed to leave the secure apartment.

You can’t see anything outside ….

Rainstorm Warning System

The rainy season in Hong Kong is normally between April and September. Rain could be particularly heavy and persistent during May and June, causing severe traffic disruption and on occasions major floods and landslips resulting in casualties.

The rainstorm warning system is designed to alert the public about the occurrence of heavy rain which is likely to bring about major disruptions, and to ensure a state of readiness within the essential services to deal with emergencies. It is independent of other severe weather warnings such as tropical cyclone warning and landslip warning, which will be issued separately where necessary.

There are three levels of warning: AMBER, RED and BLACK.

The AMBER signal gives alert about potential heavy rain that may develop into RED or BLACK signal situations. There will be flooding in some low-lying and poorly drained areas. Key Government departments and major transport and utility operators are put on alert.

The RED and BLACK signals warn the public of heavy rain which is likely to bring about serious road flooding and traffic congestion. They will trigger response actions by Government departments and major transport and utility operators. The public will be given clear advice on the appropriate actions to take.

Once issued, the signals are broadcast over radio and television. For your own safety, listen to radio or television announcements for the latest information.


GUIDE TO THE RAINSTORM SIGNALS

 Amber Rainstorm Signal Logo AMBER RAINSTORM SIGNAL

Heavy rain has fallen or is expected to fall generally over Hong Kong, exceeding 30 millimetres in an hour, and is likely to continue.

ACTION

  • Members of the public should take necessary precautions to reduce their exposure to risk posed by heavy rain, such as flooding.
  • Parents, students, school authorities and school-bus drivers should listen to radio or television announcements on the weather, road and traffic conditions.
  • Candidates for public examinations should attend the examination as normal, but should listen to radio or watch television in case the weather deteriorates suddenly.
  • Farmers and fish pond owners, particularly those in low lying or flood frequented areas, should take the necessary precautions to minimise losses, which include checking and clearing the drainage system within and around the farm/fish ponds to ensure that all the drains are not blocked. Where possible, fish pond operators should reduce the water level of ponds which are likely to be flooded.

 Red Rainstorm Signal Logo RED RAINSTORM SIGNAL

Heavy rain has fallen or is expected to fall generally over Hong Kong, exceeding 50 millimetres in an hour, and is likely to continue.

ACTION

  • Employees working outdoors in areas exposed to rain should suspend outdoor duties if weather conditions in those areas so warrant.
  • People who have to travel should carefully consider weather and road conditions.
  • If the RED signal is issued before working hours, employees should report for duty as usual, provided that transport services are available. Supervisors are encouraged to adopt a flexible attitude in case their staff have genuine difficulties in arriving at work on time.
  • If the RED signal is issued during office hours, employees working indoors should remain on duty as usual unless it is dangerous to do so. Employees in areas where transport services are about to be suspended can be exceptionally released at the discretion of the supervisor. In exercising their discretion, supervisors should take into account the weather and road conditions.

 Black Rainstorm Signal Logo BLACK RAINSTORM SIGNAL

Very heavy rain has fallen or is expected to fall generally over Hong Kong, exceeding 70 millimetres in an hour, and is likely to continue.

ACTION

  • Stay indoors or take shelter in a safe place until the heavy rain has passed.
  • Employees working outdoors in exposed areas should stop work and take shelter.
  • People having no safe place to go may take temporary refuge in any of the special temporary shelters opened by the Home Affairs Department.
  • Employers are advised not to require their employees to go to work unless prior agreement on work arrangements during rainstorms has been made.
  • People who are already at work should stay where they are unless it is dangerous to do so.

SPECIAL ACTIONS TO BE TAKEN FOR RED/BLACK SIGNAL

Students should stay home or, if already at school, should remain there until the end of school hours and conditions are safe for them to return home.

If the RED/BLACK signal is issued when some students have set out for school -

  • School-bound students should normally proceed to school unless the road or traffic conditions ahead are not safe.
  • School-bus drivers should listen to radio broadcasts on the latest development of the rainstorm and ensure that students are taken to a safe place, normally the school, unless road or traffic conditions ahead warrant otherwise.
  • Schools should arrange to be open and appropriately staffed to look after any students arriving until it is safe for them to return home.

Candidates for public examinations should listen to radio or watch television for an announcement to be made by the Hong Kong Examinations Authority.

Drivers should beware that there are likely to be serious road flooding and traffic congestion.

People should avoid going near easily flooded watercourses or passing through flooded areas. People whose home may be seriously flooded should consider evacuating their home until the rain has eased and flood water subsided.

Thursday 5 June 2008

Changing perception of private equity in Germany - finally!

As you might know I have been an investment manager for small and medium sized companies in the time before the MBA.
The environment for this industry was difficult since Franz Müntefering accused private equity firms in 2005 of being "locusts", chewing up good companies before spitting them out again.
Numerous industry professionals draw the funniest pictures of other animals to prove the opposite (especially that of a honeybee :-)) and were more or less successful in changing the perception.

Now it seems as if the general picture of private equity comes back at least to "neutral" as today's FT.com article implies.

A lot of work

Before we started with the course someone said: "when you made it through Hillary - everything else is a walk in the park" - unfortunately I can't remember who it was but it is absolutely not true. This term is really hard. I was lucky that it started pretty ok, but right now it is really on the edge to getting difficult to stand.

Without complaining - here is my list of work for this term:



looks pretty busy, doesn't it. :-)

Well, anyhow: I better stop blogging and go back to the Private Equity assignment which is due on Monday.

Just a quick note on what else is going on:

On Saturday we had the Sylvester awards which is something like the Oscar's but for MBAs. There were awards in categories like:

most loved lecturer
best pub crawler (for the person hanging out at pubs most of the time)
schmoozing (best networker)

and many more.

I was nominated for "best all around / nicest person"



but couldn't win against Gareth who obviously is even nicer than me ;-) I think he well deserves the award, so: congratulations!

Dress code was "spicy black tie" and there were so many people with wigs around that I couldn't resist to have a picture of me wearing one of the best ones:



The evening carried on with karaoke in the common room,



dancing at Bar Risa, more dancing at Anuba, kebab on St. Giles (my first one in Oxford) and finally Tequilla Fanta at Brent's place.



Puh, what a night. I came home at six in the morning but managed to be at school for meetings from 12:30. We worked till the school closed at midnight, when I went home to proceed till six. After 90 minutes sleep the alarm rang, I handed in my Private Equity assignment at the examination school and went to school to finish the Derivatives assignment which was due at 5 pm that day. Well deserved I spent the evening doing nothing but eating and watching movies :-)

On Tuesday I was invited for dinner at Katy's, Francois' and Christie's house where Nick cooked a fantastic pasta sauce. It was a very nice evening in great company and I feel really sad when I get remembered that we have only a couple of days to go in this term and only weeks till the program is over.


On anther note: I finally figured out what I'm going to do over the summer. I will do a Summer Consulting Project with a London based Hedge fund. In a team of four we will spend eight weeks in London exploring future business opportunities for the fund. I'm really curious to see how a Hedge fund actually works but at the same time I'm a bit scared by the amount of math that will be involved in the project. I will write more about the project once we figured out how strict the confidentiality is...

Wednesday 28 May 2008

Home Sweet Home ... BUT

Finally I arrived at home yesterday after 5 weeks away. BUT it is only a short visit to see my lovely husband, do the washing and pack again. I am going to leave for Germany tomorrow. There will be a conference in Darmstadt from Friday to Sunday. After a stop over to see my family in Bochum on Monday and Tuesday I will head off for a campaign in Hong Kong on Wednesday for 3 weeks.

Monday 26 May 2008

Oxbridge

Another tradition in Oxford is to play all kinds of sports against Cambridge. This happens on every level of the University and so there is a MBA competition as well. Every year one of the two schools hosts a whole day full of sport and party activities for the respective other school.

This year it was Cambridge to host us and they did a great job.

We left early on Saturday morning (5.30am) and sports started at 11.00. I participated in squash and ultimate frisbee. Whilst our victory in squash was by only one point, the triumph in ultimate frisbee was slightly clearer (17:2). The Oxford crew managed to win in more sports over all and was therefore declared the winner of the competition. Sports we won include touch rugby, 100m sprint, punting and basketball whilst we lost in football, table tennis and cricket.

--- part of the successful squash team ---

But sports were not the only important things during the day. Meeting with the people from Judge Business School and making new friends was at least as important as the rest. I found it very interesting to see how comparable and yet different the programs are. Overall I was impressed how friendly the atmosphere during the whole day was. Everyone was full of good sportsmanship and the competition was never too fierce. We were treated as welcome guests and got an amazing insight into some parts of Cambridge’s history as well.

--- fooling around in St. John's courtyard before the squash game ---

I hope our successors will host the Judge crew on the same high standard next year!

Sunday 25 May 2008

Stop Over in Singapore

With amazing sunshine but a bit sad I had to leave Melbourne after one month.

With nearly 4 hours delay and after the worst flight I had so far I arrived at 1 am local time on Saturday morning in Singapore where I am going to stay for the next 3 days.


30 degrees and 75% humidity.

Saturday 17 May 2008

Melbourne weather

I was really lucky the last week. It was sunny and we had around 25 degrees – amazing weather and I enjoyed it.

Tonight it started with a storm and rain – it is raining cats and dogs – unbelievable. The rain was so loud that I could hardly sleep.

Sunday 11 May 2008

Italy in Melbourne

I went for a coffee and with a good book to Lygon Street, yesterday after calling, which is only a 5 minute walk from my apartment. Italian feeling in the middle of Melbourne



Lygon Street is one of the great food precincts of Melbourne. It has its origins in the early immigration of Italian migrants to Melbourne and, in particular, to Carlton. It also owes much of its growth and popularity as a eating out destination to the students from Melbourne University, who frequented the street long before it became fashionable with business people.

Lygon Street has the biggest selection of Italian restaurants and cafes of anywhere in Australia, and was the first suburb in Melbourne to promote eating outdoors and tables and chairs on footpaths. Lygon Street is a great place to spend a warm summer's evening with a group of friends, especially if you're sitting in the garden cafe of one of the terraces that line the street. – It is also nice for a “single” person with a book ;)

Saturday 10 May 2008

Melbourne at night

After a daytrip to a National Park with Bianca and Kim I took the possibility to have a walk through the City of Melbourne at Night.

Thursday 8 May 2008

On the way to Paris

A group of round 150 of us met this morning at 5:00 to start our journey to Paris. Although it was pretty early and quite a number of us had a heavy workload over the last days to get assignments done before the tournament, it seemed as if everyone made it on the buses.

We are now on our way to Dover where we will enter the ferry. Our expected arrival time in Paris is 4 pm. I keep my fingers crossed we make it without major delays.

The weather in France is expected to be great and while I write this I recognize, that I forgot my sunglasses :-(

During the tournament I will compete in "Cross Country" and "Ultimate Frisbee".
Cross Country is basically a team marathon with teams of six running 7 km each. We have some pretty strong runners on the program and I'm curious what their times will be. I didn't have the chance to practice a lot for running, so I don't expect anything ;-)

Ultimate Frisbee is a teamsport and should be fun. We practiced regularly over the last weeks and I hope we can achieve a good placement in the end for all the hard work to pay off :-)

Maybe I have the chance to blog from France...

Wednesday 7 May 2008

Mornington Peninsula and Philipp Island (2nd May)

I’ll break again a bit the chronology but I think that’s not so crucial.

Last Friday we went with 3 RBA project managers, John our boss and Verena who is our International Marketing Director on a daytrip to Mornington Peninsula and Philipp Island in the South of Melbourne (2h drive). We started with the visit of some wineries and some tastings before we went for lunch to a place called “Ten Minutes by tractor” – lovely food, amazing view and wonderful wine.

We finished our day a bit freezing at the beach of Philipp Island to see the smallest Penguins of the World coming home for the night. They are so cude – only 30 cm and the weight is 1kg. They come out of the sea to form an “army” on the beach before crossing to get to their nest for the night. We were not allowed to take pictures but I can tell you they are sweet.



Tuesday 6 May 2008

Visitors from all over the world

Another thing I have to quickly share with you...




Isn't it amazing from which parts of the world the visitors of our blog come?!

Spring in Oxford

Given the great weather these days (21°) and the MBAT coming up very fast, I decided to swap future performance in my derivatives exam against enjoying a run in the afternoon sun. I hope Celine will understand that her cute french accent could not keep up with spending some time outside :-)