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Description of Case: It is your first day on the job as an intern at the Venture Capital Fund Stone Henge Ventures [VC). They have hired you for your impressive grades in Finance, Accounting and Strategy at the University of Sydney, and will test you out with this task. If your manager Alexandra, an experienced founder herself, likes what you suggest, they will let you present your case to the investment board, if Alexandra thinks you need further training you will just be assigned to another partner Linda, an expert on Chinese venture capital, to work with her on some of their projects - no harm done! This is your chance to show what you are made of! You have two days to complete this task so do not rush it! Situation and Context: Stone Henge is planning to set up a new fund for sophisticated accredited investors targeting high net worth individuals that would like to invest in both Australian and Chinese Startups and early stage ventures. Hence the new fund will target high net worth individuals as potential investors in the fund. You are asked to first suggest a suitable strategy, industry focus, and a set of companies the fund should consider for their first investment round. You will later work out the target investor categories, size and cost structure for this fund with your managers. TASK 2: Select an industry from the alternatives in Table 2. You will base this decision on the following screening criteria: Market attractiveness, Potential size, Technology, Threat resistance. TABLE 2. Chief Strategist Mike recommends the following industries in order of highest to lowest expected return 1. Financial Companies, Expected Annual Return > 60% 2. Oil Companies, Expected Annual Return > 50% 3. Technology, Expected Annual Return > 40% 4. Utilities, Expected Annual Return > 30% 5. Mining, Expected Annual Return > 20% 6. Energy, Expected Annual Return > 17% 7. Healthcare, Expected Annual Return > 15% Select the most correct industry for Stone Henge's new fund and justify why. Description of Case: It is your first day on the job as an intern at the Venture Capital Fund Stone Henge Ventures [VC). They have hired you for your impressive grades in Finance, Accounting and Strategy at the University of Sydney, and will test you out with this task. If your manager Alexandra, an experienced founder herself, likes what you suggest, they will let you present your case to the investment board, if Alexandra thinks you need further training you will just be assigned to another partner Linda, an expert on Chinese venture capital, to work with her on some of their projects - no harm done! This is your chance to show what you are made of! You have two days to complete this task so do not rush it! Situation and Context: Stone Henge is planning to set up a new fund for sophisticated accredited investors targeting high net worth individuals that would like to invest in both Australian and Chinese Startups and early stage ventures. Hence the new fund will target high net worth individuals as potential investors in the fund. You are asked to first suggest a suitable strategy, industry focus, and a set of companies the fund should consider for their first investment round. You will later work out the target investor categories, size and cost structure for this fund with your managers. TASK 2: Select an industry from the alternatives in Table 2. You will base this decision on the following screening criteria: Market attractiveness, Potential size, Technology, Threat resistance. TABLE 2. Chief Strategist Mike recommends the following industries in order of highest to lowest expected return 1. Financial Companies, Expected Annual Return > 60% 2. Oil Companies, Expected Annual Return > 50% 3. Technology, Expected Annual Return > 40% 4. Utilities, Expected Annual Return > 30% 5. Mining, Expected Annual Return > 20% 6. Energy, Expected Annual Return > 17% 7. Healthcare, Expected Annual Return > 15% Select the most correct industry for Stone Henge's new fund and justify why