Sophomore Scholar Caroline Blatt '18 went from the Altman study abroad program in Costa Rica this summer straight to a ten-week internship at Dodge & Cox, an investment management firm in San Francisco. She tells us about her amazing experience below:
This past summer I was very fortunate to intern at Dodge & Cox, a highly-regarded value investment manager. As part of my 10-week Operations internship, I was placed in the Treasury Department. I had the opportunity to support critical fund accounting initiatives. My main project was the publication of Semi-Annual Reports for the six Dodge & Cox U.S. mutual funds, whose assets total $200 billion. This work included the calculation and compilation of constituent data, interfacing with Dodge & Cox’s Treasury, Communications, and Legal departments, and external financial printers for document drafting through to printing and SEC filing. I was also involved in the preparation and analysis of second quarter ordinary income dividend distributions from the U.S. Funds as well as the filing of all 2014 federal, state, and foreign tax returns for the Funds, which included preparing review comments for the public accounting firm. I proofed Semi-Annual Reports for Dodge & Cox’s non-U.S. UCITS funds, and performed special income allocations for senior management and Dodge & Cox Inc.’s seed investments in those Funds. Finally, I was responsible for completion of Errors and Omissions/Directors and Officers (E&O/D&O) and Fidelity Bond insurance applications, including over 120 exhibits, pitch books for underwriters, and U.S. Funds’ Board of Trustee’s materials. Outside of my regular projects, I participated, along with the 12 other interns, in a six-week valuation course taught by the Director of Research at Dodge & Cox. We also had the opportunity to attend Bloomberg Intern Training Seminars and sit in on various research and policy committee meetings. It was an amazing experience to not only participate in real-world financial and accounting projects, but also to work with a fascinating and driven group of interns and Dodge & Cox employees.
Caroline, on the left, working hard with her fellow interns in their office overlooking San Francisco Bay.