Tag Archives: Applied Portfolio Management Program

APMP Travels to NYC

Four students from the Applied Portfolio Management Program traveled to New York City for the Quinnipiac Global Asset Management Education Forum.  This two and a half day experience provided students and faculty from 47 states and 36 countries the opportunity to interact with industry leaders while learning the best practices in investment management. Zachary Bedell, Matthew Mateer, Kendra Rasner and Dallas Bond traveled by car from Houghton Michigan to attend this forum.

The forum included key note presentations, interactive sessions, and networking opportunities.  Kendra Rasner even had the opportunity to close the Nasdaq alongside other students attending the forum.

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Senior Dallas Bond shares his perspective on the experience:

We left Monday March 28th at 2:00 pm, it was the usual trip except we were headed to the big apple. We reminisced in the car and joked around like most college students would. First we had to get through Pure Michigan which takes forever in itself and then we crossed into Ohio and drove the turnpike all the way to Pennsylvania and through Pennsylvania to New Jersey onward to New York.  We had many stops throughout for the usual bathroom break and food. Once we arrived into New Jersey and into New York everything seems so crazy. You’re sitting in bumper to bumper traffic and everything is almost so overwhelming. It can be a bit frustrating but it is a really good learning experience. While in New Jersey and New York once we got settled at the Hotel we used public transportation which took us the first day to get the swing of things but by the end of the week we had it pretty down pat. While in New York we got to see the Statue of Liberty, the NYSE, the Nasdaq, Times Square, Central Park, the Brooklyn Bridge, the World Trade Center, the Empire State Building and just the crazy city that is packed with 8 million people all trying to do their daily routines. Traveling and experiencing a city so big can be tiring and stressful but it also teaches to many different things. It takes you out of your comfort zone and no matter where you travel you always learn something new. You learn more by traveling and doing then by staying exactly where you are. I think we all enjoyed New York but we were also at the end just happy to get back to our lives and be home here at Michigan Tech. Always take the opportunity to journey into a foreign land as it will teach you many lessons you may have not learned otherwise.

 

 


APMP Members ENGAGE in Investment Symposium

April 1, 2015 – With a GDP of over $17 trillion dollars, the U.S. is the largest economy in the world. Despite the 2008 financial meltdown, the US dollar has, and continues to be most trusted currency throughout the globe; helping to make the US financial markets the place where investors turn to for security. As APMP students look to enter the world’s largest and most trusted financialsystem it’s important to venture outside the classroom and learn from professionals first hand. This past week APMP seniors Joel Florek, Yi Yuan, and Yinan Chen when to Detroit, MI for Engage 2015 to do just that.

APMP JoelENGAGE is a two day international investment education symposium. The goal at Engage is to help provide a level of insight into our financial system that students can’t learn from sitting in classrooms. To accomplish this goal Engage brought in some of the top financial professionals in the industry to host Q&A discussions.

For example, Dennis P. Lockhart, President and CEO of the Federal Reserve Bank of Atlanta and a 2015 voting member of the Federal Open Market Committee spoke on the Fed’s economic policy decisions from the depths of the 2008 economic meltdown to today. Chaired by Janet Yellen, the FOMC decisions significantly impact not just the US economy, but the global economy. Ultimately Mr. Lockhart made the argument that the actions of the FOMC will be seen as vital to turning around the US economy. He added that within the next 6 to 12 months the FOMC will begin to ease out of its current actions which have been taken to prop up the US financial system. One unique comment from Mr. Lockhart was his cautioning of high US government debt. Due to low interest rates the US has had the ability to borrow high quantities of short term debt requiring small interest payments. As these debts mature, the US will be forced to refinance at higher interest rates hindering its ability to pay off debts.

Additional keynote speakers include Jeffrey Kleintop, the Chief Global Strategist for Charles Schwab and Co., Fred Tomczyk, the President and CEO of TD Ameritrade, and Scott Powers the President and CEO of State Street Global Advisors, which oversees $2.4 trillion in traded funds. Students learned their trading strategies, ideas on the direction of the economy, and career advice to help direct students into the right career paths.

The second day of conference allowed students to break up into smaller sessions that provided more Q&A opportunity. For example, students were able to learn about the CAN SLIM trading strategy, venture capital, hedge funds and received targeted career advice. Thinking back on the Engage experience, Joel Florek said he realized the field of finance is constantly evolving and there is no clear definition as to what one will be doing as a finance professional. Florek said “there is significant room to constantly be learning and changing within the profession. Ultimately, as a finance student ready to go into industry the Engage conference helped to make the lessons learned in the classroom more real, and gain exposure to the flexible ideology that exists amongst professionals.”

This article was written by APMP members Yinan Chen, Joel Florek, and Yinan Chen.


APMP Scores Big… Twice!

The Applied Portfolio Management Program is one of the most unique student organizations on campus.  Every year, two teams each comprised of six students are selected to create stock market portfolios using $1.3 million of real money.  These students have the opportunity to use one of two Bloomberg Terminals in the Upper Peninsula, right in their very own LSGI Trading Lab.

Senior APMP team member, Mason McGrew, utilizes the Bloomberg Terminal in the School of Business and Economics

APMP has always been considered successful, but 2013 was a banner year for the team.  Director Dean Johnson described a return of 29.66%, with a standard deviation (aka risk) of around 1.7%.  Senior Brett Ludwig reminisced about the teams’ investments in 2013, stating, “It was really cool to watch the stocks go up, and tough at times not to sell others.”  With a portfolio that grew in one year from $397,000 to $515,000, the Gold Team recently participated in two global investment competitions.  It may come as no surprise that they walked away with not one, but two victories.

After APMP member Heath Johnson appeared on the Market Site display in Times Square and closed the NASDAQ on Wednesday, March 19, it was announced that the team had won the 2014 Quinnipiac G.A.M.E. IV Forum investment competition in the value category.  This achievement was particularly impressive considering that there were over 1,000 participants from 118 colleges and universities!

Most recently at the 14th Annual Redefining Investment Strategy Education (RISE) competition on March 28 at the University of Dayton in Ohio, team members Ludwig, Nathan Sturos, and Judy Isaacson were on hand to snag the first place title of Gold Portfolio in the Value Investment Style category.

Competing at RISE in Dayton was the icing on the cake after APMP’s successful year.  Their dedication won them the ultimate Gold Portfolio, and Sturos remarked, “It was a humbling experience to be recognized at such a distinguished conference.”  Isaacson was proud of her team and grateful for the “great opportunity to see many different perspectives on the world of finance… and it was a fun experience!”

Are you a current student interested in joining a future APMP team?  The APMP application is available online!  Interested in becoming a student in the School of Business and Economics?  Apply for free today!


Johnson Conquers NASDAQ

Members from the Applied Portfolio Management Program (APMP) were in New York City last week for Quinnipiac University’s Global Asset Management Education (G.A.M.E.) IV Forum, co-sponsored by NASDAQ OMX.  The event allowed 1,000+ participants from 118 colleges/universities a chance to network while gaining insight into the opportunities and challenges experienced by investment professionals.

Photo courtesy of Heath Johnson
Photo courtesy of Heath Johnson

Current SBE students and members of APMP, Heath Johnson and Claire Johnson, were on site at G.A.M.E. for the student-managed portfolio competition, which is open to students nationwide who have successfully managed their own actual portfolios.  Dr. Dean Johnson, Founding Director of the Applied Portfolio Management Program, stated, “By providing the opportunity to attend this investment conference in NYC, APMP continues to offer Tech students with direct educational experiences.”

Photo courtesy of Heath Johnson

Not only did current SBE student Heath Johnson gain the educational experience of competing at G.A.M.E., he was also able to close the NASDAQ and appeared on the NASDAQ Market Site display in Times Square!  Heath remarked, “Attending an investment conference with current Wall Street professionals and participating in the NASDAQ closing ceremony was a great experience.  Having my photo up on the NASDAQ Market Site in Times Square was a motivating taste of where my business education could take me.”

Would you like to see where your business education could take you?  Apply today to begin your undergraduate studies at Michigan Tech’s School of Business and Economics!


What happened this semester? Fall 2012 Student Project Round-up.

It seemed like just yesterday that campus was green and the sun was shining–wait, that was yesterday. Even with a relatively mild fall as a distraction, the students in the School of Business and Economics have been busy making significant advances in their own professional development, marketing savvy, and knowledge conquests. Reflect back with us as we review a few of the best class projects from the Fall 2012 semester at Michigan Tech.

APMP students, Anna Paul, Jessica Zaiki, Mike Harry, and Justin Wilson met with Perrigo's CFO to discuss corporate financial decision making.

On-Site Company Research for Finance Competition at Perrigo

In late November, four students in the Applied Portfolio Management Program traveled to Perrigo, the largest manufacturer of over-the-counter pharmaceuticals in the United States, located in Grand Rapids, Michigan as part of the CFA Institute Research Challenge. This competition brings students, publicly traded companies, and industry investment professionals together to promote hands-on mentoring and intensive training in company analysis and presentation skills.

Anna Paul, Jessica Zaiki, Mike Harry, and Justin Wilson took part in the investor relations meeting and talked to Perrigo’s CFO, Judy Brown, about financial decision making and analysis within the company. The students will now take the information and compile financial forecasting to present at a competition against five other schools at Western Michigan in February.

“This trip made learning about the actual company so much easier than pulling information from the website,” said Paul. “It’s nice to see that a world leader in the pharmaceutical industry cares about the local community and not about cutting corners.”

This is the first year that Michigan Tech was able to take part in this competition thanks to the support given to APMP by Jim and Dolores Trethewey.

Management Information Systems Students Team Up with Blue Terra Energy

Dave Camps, CEO of Blue Terra Energy, LLC, pictured with Emily Jensen, Rachel Plafchan, and Seth Stever, students in MIS 4100.

Emily Jensen, Rachel Plafchan, and Seth Stever worked closely with Blue Terra Energy LLC, a local energy company in Hancock, to develop a usable database system as part of an upper-division management and information systems class. Assistant Professor in Management Information Systems (MIS), Haiyan Huang, orchestrated the curriculum to include this experiential learning opportunity.

“The goal was to streamline the data collection, organization, updating, reporting, and analysis processes for the company,” she added.

Working closely with client Dave Camps, CEO of Blue Terra Energy and ’93 Mechanical Engineering alum, students were able to create a workable database with customized customer fields, inputs, and sorting that will keep projects running smoothly.

“I have been very uneasy about our data and the cost to maintain it. I am very excited about the system the students developed and it has great potential,” said Camps. “This system is really going to help us a lot to track customers, schedules and orders. It will allow us to move forward more aggressively. I am eager to get this implemented on our server.”

Finance U: Educates Michigan Tech Students about Financial Literacy

First FinanceU Event hosted at Michigan Tech. A partnership between the Finance Club and the Office of Financial Aid.

During December, the Michigan Tech Finance Club, in partnership with the Michigan Tech Office of Financial Aid, held the first FinanceU educational event at the J.R. Van Pelt and John and Ruanne Opie Library. Aimed at fostering financial literacy on campus, the event was specifically tailored to students, regardless of class and major. Finance Club members offered personal consultations and information related to personal finance, financial aid opportunities, the upcoming FAFSA for 2013-14, and useful tips on how to benefit from CashCourse – a free online personal finance program sponsored by the Alumni Association.

“Since last May, this fantastic group of students and financial aid representatives have been working together on organizing and developing content to make FinanceU as effective and fun as possible for everyone, regardless of class and major,” said Finance Club Advisor, Dr. Emanuel Oliveira. “Now it is time to learn from this first experience and the 69 questionnaires we were able to collect from students concerning their demographics and financial habits. Ultimately, the goal is to make FinanceU an annual financial literacy event on campus though we are also seriously considering the feasibility of holding it every semester. We sincerely believe that all participants have something to win from this.”

A Leaner Meaner Brand: Students Report on Subway’s Marketing

Amber Campbell, Michael Bennet, Joel Vertin, and Qin Xu developed a marketing plan to improve the brand of Subway in both America and China.  As part of the MBA Marketing, Technology, and Globalization course taught by Assistant Professor of Marketing Soonkwan Hong, the team worked together to present a compelling case for change. The final presentation is available on the School of Business and Economics YouTube channel.

Marketing for Local Businesses: Gitzen Company

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Students in Assistant Professor of Marketing Jun Min’s Business-to-Business marketing course provide marketing consulting for local companies. This student consulting project was designed to apply knowledge of marketing theories in a real business context, evaluate the practices of the client company, and develop an advertising strategy for potential customers.

A team of students including Angela Barr, Kaylee Betzinger, Chyanne Knudsen, Samantha Robbins, Christina Ruth, and Sarah Vadnais put together a strategy that included a commercial (above) for Gitzens Company that provides food products such as candy and snacks and operates out of Houghton, Michigan.

Digital Marketing for ShareBliss.com

ShareBliss.com is a new website that combines features from popular social sites, such as Pinterest and Sharethis, and integrates online advertising by using Googles Ad Sense. While ShareBliss.com is a live site, the founders are completing beta testing and needed digital marketing advice for their formal launch.  Instructor Cindy McColley’s Digital Marketing class completed projects and sent them to the ShareBliss.com founders who were thrilled to obtain thoughts and insights from the Michigan Tech students; and they were impressed with the quality and detail of the work.

View the ShareBliss.com digital marketing projects from Lindsee Willis and Alexander Alsobrooks.