{"id":80046,"date":"2019-12-23T09:02:15","date_gmt":"2019-12-23T14:02:15","guid":{"rendered":"http:\/\/webapp2.wright.edu\/web1\/newsroom\/?p=80046"},"modified":"2024-01-04T14:50:11","modified_gmt":"2024-01-04T19:50:11","slug":"ddn-wright-state-student-run-portfolio-exceeds-sp-500-benchmark","status":"publish","type":"post","link":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2019\/12\/23\/ddn-wright-state-student-run-portfolio-exceeds-sp-500-benchmark\/","title":{"rendered":"Dayton Daily News: Wright State student-run portfolio exceeds S&P 500 benchmark"},"content":{"rendered":"

Excerpt<\/strong><\/em><\/p>\n

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The Soin Trading Center at Wright State University features an actual stock ticker tape, computer software programs from leading investment information providers like Bloomberg, Ibbotson and Baseline, and real-time coverage of financial markets from CNBC, CNN and others.<\/p><\/div>\n

Wright State University students have grown an investment portfolio nearly four times since an initial allocation by the school in 2007.<\/p>\n

Students in Wright State\u2019s Raj Soin College of Business are given an opportunity to get real-world portfolio management experience through a semester-long course.<\/p>\n

Through the course, Real Money, students are able to manage and invest in stocks with a university fund account.<\/p>\n

According to Matt Ingram, WSU Board of Trustees in 2007 allocated $500,000 to the Raider Asset Management account.<\/p>\n

\u201cThe students manage the portfolio, they make all of the decisions,\u201d Ingram said. \u201cThey decide what to buy and what to sell. They can only work with the stocks and cash in the portfolio.\u201d<\/p>\n

The class size is typically less than 10 and students interested go through an application process. Ingram hopes to expand the class to more students in the future.<\/p>\n

The fall 2019 semester had seven students managing the account.<\/p>\n

\u201cIn other courses, you use theoretical dollars, but this course taught me a lot about how to value a company,\u201d WSU senior Ben Inzitari said.<\/p>\n

Students have helped the portfolio to flourish into a nearly $2 million fund. According to Ingram, that\u2019s an average growth of 13% each year depending on the year.<\/p>\n

\"\"

The Soin Trading Center has been named one of the top 10 academic school trading rooms in the country by Bloomberg BusinessWeek<\/p><\/div>\n

\u201cIt\u2019s a really great opportunity for students to learn about managing real money. They get to actually get their hands dirty doing research, picking stocks, figuring out what makes a good company, and what makes a good investment,\u201d Ingram said.<\/p>\n

The S&P 500 index is the benchmark for all stock market investors, which are the prices of 500 of the companies in the United States.<\/p>\n

\u201cOver time only 25% of mutual fund managers can beat this benchmark in any form of consistent basis,\u201d said Ingram. \u201cAnd for the semester, our students beat the benchmark.\u201d<\/p>\n

The rate of return was greater than the S&P 500, Wright State\u2019s Raider Asset Management earned around 9.75% return while the S&P was 8%.<\/p>\n

\u201cI think what\u2019s interesting about this fund, it gives students a real-world experience while they are in college,\u201d said Ingram. \u201cThey can see what portfolio managers actually do, because they become one.\u201d<\/p>\n

At the end of each semester the board of trustees, representatives of Foundation, and university finance are invited to a presentation about the account by the students.<\/p>\n

\u201cWe couldn\u2019t be prouder of how this is run, we have this award-winning trading room that they are working in and the Bloomberg Terminals they\u2019re able to use for better analysis. The students end up with these really good skills,\u201d said chair of department of finance and financial services, Marlena Akhbari<\/p>\n

The trading room is located in the Soin Trading Center, which has a computer lab with a stock ticker tape that runs across the ceiling.<\/p>\n

\u201cBeing able to participate in an actively managed fund has also reinforced many of the concepts that we have been taught here at Wright State as well; which was helpful when the answers were not always clear when we made decisions,\u201d senior Shawn Greaf said.<\/p>\n

Students that are involved in the class learn how to utilize tools such as Bloomberg, Ibbotson, and Baseline.<\/p>\n

\u201cIt was beneficial to do the same type of work an equities analyst and portfolio manager would do on a daily basis; things like keeping up with market news, updating the other analysts on changes and consistently valuing companies trying to find good opportunities,\u201d Greaf said.<\/p>\n

During the summer, students who managed the account in prior semesters help monitor and manage the portfolio on a volunteer basis.<\/p>\n

View the original story at daytondailynews.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Excerpt Wright State University students have grown an investment portfolio nearly four times since an initial allocation by the school in 2007. Students in Wright State\u2019s Raj Soin College of Business are given an opportunity to get real-world portfolio management … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":21,"featured_media":16286,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[730],"tags":[],"class_list":["post-80046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wright-state-in-the-news"],"_links":{"self":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/80046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/comments?post=80046"}],"version-history":[{"count":4,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/80046\/revisions"}],"predecessor-version":[{"id":145371,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/80046\/revisions\/145371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media\/16286"}],"wp:attachment":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media?parent=80046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/categories?post=80046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/tags?post=80046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}