Simon Business School
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Stephen Fraum

'12S (MBA), Executive MBA

Principal
Sidecar Capital Management, LLC
Sidecar Management Logo

Stephen Fraum entered the Simon Executive MBA program after a successful 25-year career in the food distribution business. His initial intention was to learn some new skills and continue in the food business as a consultant. But a whole new path opened up for him during a conversation with then Dean of the Simon School, Mark Zupan. “Mark knew I had worked briefly at Dean Witter at the beginning of my career,” says Stephen “And he said ‘Why don’t you get back into finance?’”

Stephen took that advice and today he is the principal of a startup he created called Sidecar Capital Management. The business started with an idea about volatility hedging which Stephen thought had potential. Simon connections helped Stephen gain confidence in the concept. “The Dean introduced me to a member of a Simon advisory board who has decades of Wall Street experience. He thought the idea had merit and helped me decide to make a business out of it. And he’s still an advisor to the firm.”

Stephen focused his Simon studies on developing the business idea. “I began researching it, took electives in finance and economics and then became friendly with PhD students with more quantitative programming knowledge than I have. They helped me vet out a strategy.”

Simon helped Stephen round out the skills he had developed over the course of his career. “Simon gave me a lot of the quantitative tools I needed,” he says. “It filled in a lot of the gaps where I felt somewhat lacking as a business owner. More than anything, it gives you a solid base – the background and depth you need continue to teach yourself new things.”

Stephen thinks his Simon education will serve him well as he continues to build his new firm. “The University has been helpful by encouraging me in this dramatic career change later in life,” he says. “The faculty and students at Simon have all been welcoming and the network of people available to connect with and learn from has been invaluable.”

Stephen Fraum Fraum

“Simon gave me a lot of the quantitative tools I needed. More than anything, it gives you a solid base – the background and depth you need continue to teach yourself new things.”

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