Tag Archives: Applied Portfilio Managment Program

APMP Students Attend Berkshire Hathaway Shareholder Event

Michael Morrison and Austin Kuttruff at the Century Center in Omaha, Nebraska.

Applied Portfolio Management Program members, Michael Morrison and Austin Kuttruff, gathered with thousands of stakeholders at the Century Center in Omaha, Nebraska over the weekend for the Annual Berkshire Hathaway Shareholder Event. The crowd in attendance was seeking an intimate exposure to Warren Buffet who is widely considered the most successful investor in the 20th century.

Michael said that one of the biggest takeaways from listening to Buffett was “you have to love something to do well at it.” Being Finance majors, the two Michigan Tech School of Business and Economics students jumped at the opportunity to attend the shareholder event and learned about the passion that is required to be successful. The opportunity to meet Warren Buffett, his company, and its subsidiaries is highly coveted in the world of finance. Their itinerary included watching a movie about Buffett’s company, and the opportunity to ask him questions in an open forum.


Given the Warren Buffet is 82 years old, some shareholders had concerns about the future of Berkshire after he eventually steps away. However, Buffett addressed these concerns with confidence in his company and the people who work there, saying:

The priority is that all of us continue to zealously guard Berkshire’s reputation. We can’t be perfect but we can try to be. As I’ve said in these memos for more than 25 years: We can afford to lose money – even a lot of money. But we can’t afford to lose reputation – even a shred of reputation.

Buffet told an Omaha news crew that he’s not going anywhere anytime soon, but there is a solid plan for when he does eventually step down. The people who will continue his legacy know the steps they must take to continue to be successful.

Overall, the trip was a great learning experience for the two students which was financially supported by Joe Dancy and the LSGI Advisors Inc.


Annual APMP Scholarships Awarded

APMP students hard at work.

The School of Business and Economics awards annual scholarships to students who participate in the Applied Portfolio Management Program (APMP).  The scholarships are made possible by generous donors who have setup funds to recognize specific skill sets and characteristics in the recipients.  Each scholarship is awarded in the Spring of the academic year. We are very grateful to the generous donors that provide excellent opportunities to stand-out APMP students at Michigan Tech.

2012 Scholarship Recipients

Clarence Fisher APMP Scholarship – Jessie Patrick

Chester Reault APMP Scholarship – Todd Storm

Norb Verville APMP Scholarship – Mike Harri

Joe Dancy LSGI Scholarship – Dan Eskola

Hugh Makens APMP Scholarship – Pat Carroll

Jeff Call Memorial APMP Scholarship – Rachael Ristau

Scholarship Descriptions

The Clarence Fisher, Chester Rheault, and Norb Verville APMP scholarships recognize the impact these three former Advisory Board members had in founding APMP.  Recipients of these scholarships this year were: Jesse Patrick, Todd Storm, and Mike Harri, respectively.

As an APMP Board member from origination through today, the Hugh Makens APMP scholarship honors Hugh’s continual support of the students and the program.  Pat Carroll is the 2012 recipient.

Dan Eskola was the recipient of the LSGI Fund Scholarship, also known as the Joe Dancy LSGI Scholarship.  This scholarship is awarded to the student who displays excellent academic achievement, expresses an interest in finance or applied mathematics, and demonstrates high moral and ethical characteristics.  The LSGI Fund is a hedge fund managed by Joe Dancy, a Michigan Tech alumnus from Dallas, TX.

Finally, the Jeff Call Memorial Scholarship was given to Rachael Ristau.  Jeff Call, a 2002 graduate of the School and the APMP, passed away unexpectedly in 2006.  To honor Jeff’s contributions to the School and the APMP Advisory Board, together with Jeff’s parents, the groups established the Jeff Call Memorial Scholarship.  It is awarded annually to the senior who demonstrates the highest degree of commitment to APMP—a commitment Jeff displayed every day during his time at Michigan Tech.


Finance Scholarship Recipients Announced

Theresa Laubrick and Danielle Linna
Scholarship recipients Theresa Laubrick and Danielle Linna

LSGI Advisors Inc., a Dallas based investment advisor and 10-year sponsor of the Applied Portfolio Management Program, has announced the recipients of the LSGI Mentoring Scholarship for the 2010-2011 academic year. This year, Danielle Linna and Theresa Laubrick were selected as scholarship recipients. The scholarship is awarded to students who display excellent academic achievement, expresses an interest in finance or applied mathematics, and demonstrates high moral and ethical characteristics.

With these scholarships, Linna and Laubrick will provide mentoring and tutoring support for students in advanced finance classes. “Student-to-student learning creates a positive environment and experience for both the mentor and mentored,” said Dean Johnson, Director of the Applied Portfolio Management Program. “We are very grateful to LSGI for providing continued support to Michigan Tech students and our programs.”

Theresa Laubrick added, “I am honored to be recognized for sharing my knowledge and experience with students and assisting them in enhancing their learning.”

LSGI Advisors Inc. is a Texas corporation that acts as general partner for the LSGI Technology Venture Fund L.P., a private mutual fund for SEC accredited investors. LSGI serves as an advisor to the Michigan Tech Applied Portfolio Management Program, overseeing finance students responsible for managing $1 million of the University’s endowment. They also instruct oil & gas and environmental law programs at Southern Methodist University School of Law in Dallas, Texas.

Learn more about the Applied Portfolio Management Program.

Learn more about LSGI Advisors Inc.


Finance Experts Speak on Investment Trends

Dean Johnson
Dean Johnson

Dean Johnson, Associate Professor of Finance in the School of Business and Economics, and students in the Applied Portfolio Management Program (APMP) were featured on TV6 news regarding investment practices during and after an economic recession.

Business students at Michigan Tech are learning about the ups and downs of the stock market firsthand as they manage a million dollars of endowment money this year.

The most important lesson Professor Dean Johnson has taught them is also one that applies to investors currently in or considering reentering the market.

“It’s all about the asset percentage you can tolerate,” said Johnson. “The person that missed out the most is one who invested too much, more than they could tolerate, sold at the bottom and missed out on the gain.”

Despite the recent rebound, Johnson says it could still be a good time to reinvest your money.

“If you wait until the economy fully recovers…it’s too late,” Johnson said. “The bottom line is that the market is a leading indicator of the economy.”

Check out TV6 News for the full story and the video.


APMP Wins Value Category at RISE Competition

apmpwinsl1

The Applied Portfolio Management Program’s Gold Team won the seventh annual RISE (Redefining Investment Strategy Education) conference, the largest North American student investment conference. The APMP won the “value” category with the highest risk-adjusted return for 2006 in the undergraduate division at the national investment competition.

Held in Dayton, Ohio, the competition and conference was March 29-31, 2007. This is the second year that the APMP has won top honors at RISE and continues the APMP’s record of superior placement at the conference.

At this year’s conference, the APMP reported a 2006 annual return of 20.96% with only a 2.31% standard deviation in monthly returns.

Representing the School of Business and Economics at RISE were Kelly Guzzardo-Plewa, Adam Michaud, Josh Vehring, Devin Magnuson, Mark Malekoff, Lorn Randell, Molly Bush, Lee Warlin, Tyler Skworchinski, Shawn Granlund, Ted Simonson, Cody Meier. Associate Professor Dean Johnson is the Founding Director of the APMP.

RISE is a student investment strategy symposium hosted by the University of Dayton. Modeled after the World Economic Forum, RISE connects investment students and faculty with Wall Street professionals in interactive discussions.

More than 1,700 participants from 218 colleges and universities, representing every state and continent, attended this year’s RISE symposium.

RISE included presentations by some of the biggest names on Wall Street and business, including Ralph Alvarez, President and COO of McDonald’s Corp; Paul Atkins, Commissioner of the U.S. Securities and Exchange Commission; Peter Coors, Chairman Molson Coors Brewing Company; Dr. Hatzius, Chief U.S. Economist Goldman Sachs; Knight Kiplinger, Editor in Chief of Kiplinger’s Personal Finance; and Dr. Ortiz the Governor of the Bank of Mexico.

The conference also included portfolio management workshops; career strategy sessions; and networking opportunities.

The New York Stock Exchange, The Wall Street Journal, CNBC, TIAA-CREF, the United Nations and Deutsche Asset Management sponsored the event.

The APMP manages over $1 million in the equity and fixed income markets. APMP designated donations to the Michigan Tech Fund from alumni and friends provide support for student travel and scholarships. For more information on the Applied Portfolio Management Program please visit: http://www.apmp.mtu.edu