Category: APMP

APMP takes Second at RISE X in Dayton, Ohio

APMP students competed at Rise X in Dayton, Ohio with over
APMP students competed at Rise X in Dayton, Ohio against 50 teams.

Michigan Technological University’s Applied Portfolio Management Program (APMP) took runner-up honors at the University of Dayton’s Redefining Investment Strategy Education (RISE X) conference and competition recently. View photos from the competition.

Michigan Tech’s Gold Team portfolio had a 31 percent return this year and was narrowly defeated by the College of New Jersey in the value-style portfolio category. Fifty teams entered that category.

Investing proved to be challenging this year, given the state of the economy. “A lot of the schools didn’t beat the market, but we did and that was a big accomplishment,” said Ed Drouillard, a fourth-year finance major.

“I was shocked at the amount of money that schools are able to manage,” noted Eric Tangko, fourth-year finance major. “Most managed between $100,000 and $250,000, where we had over 1 million dollars to invest.”

RISE X includes student workshops geared toward learning investment strategies and the annual student-managed investment portfolio competition. Modeled after the World Economic Forum, RISE is the world’s largest student investment forum. This was the tenth year of the competition, and Tech has won the value category three of those years.

“The student-managed portfolios remain competitive in a very difficult market, which reflects the tremendous learning opportunities these students are receiving,” said David Sauer, director of the University of Dayton’s Davis Center for Portfolio Management and managing director of the RISE forum.

A Learning Experience

This year RISE X hosted twenty-three keynote panelists from companies such as Hewlett-Packard, Moody’s Investors Service, Merrill Lynch, Wells Fargo and many more.

Students attend a full day of workshops and presentations that cover popular topics in the field of investment strategy, such as alternative investments, ethics, fixed income, hedge funds, international markets, portfolio management perspectives and risk management.

“The equity research workshop demonstrated the amount of knowledge needed to analyze a specific sector,” said Amanda Vogt, a fourth-year finance major. “The presenters complete a year’s worth of research and then become experts in their individual fields and products, making it easier to identify investment strategies in that area.”

The RISE Forum enables students to talk about their own experiences in addition to hearing the experiences of the keynote panel. Students also had the opportunity to discuss their applied investment programs.

Representing the Michigan Tech School of Business and Economics at RISE X this year: Eric Tangko, Ed Drouillard, Amanda Vogt, Roy Manninen, Zeng Jie, Mindy Becker, Efrain Munoz, Kyle Thornton and David Clapp. Associate Professor Dean Johnson is the founding director of the APMP.

About APMP

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. Learn more about the Applied Portfolio Management Program.


APMP: Call for 2010-2011 Portfolio Managers

APMP seeks new Portfolio Managers
APMP seeks new Portfolio Managers

Did you know that the Applied Portfolio Management Program (APMP) manages over $1 million of actual money? Are you ready to improve your aptitude and leadership skills in the area of finance and financial economic theory, to manage the portfolio over the next academic year? That’s right, now through the end of March, APMP is seeking new portfolio managers.

As a member of APMP, be ready to:

  • Apply your knowledge of investment strategies
  • Gain in-depth knowledge of the investing world
  • Enhance your ability to value stocks and bonds
  • Strengthen your resume by gaining valuable experience
  • Improve your business report writing skills
  • Work as an integral part of a portfolio management team
  • Interact with business professionals

Students interested in a position on the Portfolio Management Team are urged to visit the Prospective Students link on the APMP website. For additional information, contact Professor Dean Johnson at 108 Academic Office Building or via e-mail (dean@mtu.edu).

Application procedures and material is available online and is due by March 30th, 2010.

Check out the Financial Trading Lab, home to APMP, on Facebook.


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 Students Present to Advisory Board

Last Thursday, the Applied Portfolio Management Program presented their outlook and investment strategy to the advisory board for approval of fund management for the school year. Students presented their prediction of the economic situation over the course of the next year and their specific approach on portfolio management and received approval from the board.

“The students had the opportunity to practice their presentation and information delivery skills,” stated APMP advisor, Dean Johnson.

For more information on the program or to join, visit the APMP website.

About APMP

The Applied Portfolio Management Program provides the unique opportunity for senior students to manage an investment portfolio comprised of funds provided by the Michigan Tech Endowment fund as well as other generous donors. APMP was initiated in 1998 through generous contributions of alumni and friends of Michigan Technological University. APMP enjoys the gracious support of many firms, the University, The School of Business and Economics, and the School of Business and Economics National Advisory Board.


APMP: 2008 Back-to-Back National Champs!!!

apmpwinsl

From left to right:Joel Pergolski, Brad Harry, Tony Hellenbrand, Mark Malekoff, Korey Capello, Lorn Randell, Kayla McCormick. Missing from photo: Kartikeya Srivastava

The Michigan Tech Applied Portfolio Management Program (APMP) team returns from Dayton with its third first place finish. They were crowned Back-To-Back National Champions at the Eighth Annual RISE (Redefining Investment Strategy Education) Conference, the largest student investment conference in North America. The APMP won the “value” category with the highest risk-adjusted return for 2007 in the undergraduate division at the national investment competition.

Over 2300 participants, 267 universities and 69 countries were represented at this year’s competition. 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.

Representing the School of Business and Economics were Joel Pergolski, Brad Harry, Tony Hellenbrand, Mark Malekoff, Korey Capello, Lorn Randell, Kayla McCormick, and Kartikeya Srivastava. Associate Professor Dean Johnson is the Founding Director of the APMP.

At the formal dinner announcing them as the winner, the presenter commented “You have to respect Michigan Tech – 3 for 8!” Two of the students were selected to be on stage for the first ever remote Nasdaq Stock Market closing as well.

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

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