Tag: apmp

Joe Dancy, APMP Supporter, Featured in Wall Street Journal

Joe Dancy featured with the 2010-2011 Applied Portfolio Management Program students

Joe Dancy, an avid supporter of Michigan Tech and the Applied Portfolio Management Program, has been featured in the Wall Street Journal discussing the benefits of teaching and establishing relationships.

His message, focused on getting involved, is important:

There are plenty of opportunities in high schools, community colleges and universities for advisers to become involved in academia. Working with a school at any level says to clients and other parties: “People are interested in hearing what I have to say.” It’s also a great opportunity to hear feedback on your work. You find out whether the issues you’re addressing are engaging and whether or not you’re able to effectively communicate them. And advisers are not limited to addressing business programs. You could speak to the members of a math department or law school or you could coach a stock market team.

Thanks Joe, for all of your support and many words of wisdom!

Read the full article here.


LSGI 2011 Scholarship Award Recipient

This article is republished from the LSGI April 2011 Advisors Report. Visit the LSGI Fund website.

Annette Felton, 2011 LSGI Fund Scholarship Recipient

We are pleased to announce that Michigan Technological University senior Annette Felton is the 2011 LSGI Scholarship award winner. The scholarship is awarded to a student who displays excellent academic achievement, expresses an interest in finance or applied mathematics, and demonstrates high moral and ethical characteristics.

Ms. Felton is from Chesterton, Indiana, and attended Michigan Technological University because of its unique Applied Portfolio Management Program (APMP). The undergraduate APMP students actively manage, under guidance, $1.5 million of the school’s endowment fund.

This unique program is comprised of Michigan Tech finance students from various countries around the globe. Historical returns of the student managed APMP portfolio have exceeded the S&P 500 index. While the program is small (14 students this year), graduates of the program are
working across the globe for various financial institutions, money management firms, and hedge funds.

From a statistical standpoint, the students in the program have provided the portfolio with positive ‘alpha’ (excess returns) for the level of risk they have incurred. The students’ portfolio is managed as an ‘enhanced index’ portfolio, split between student selected exchange traded
funds, stocks, and bonds. This year, students have also developed strategies to effectively trade options which has enhanced the learning experience.

APMP students were recently interviewed by a local television station on the impact of global unrest on investment strategy and the markets, and were interviewed live by Bloomberg radio at the recent University of Dayton investment symposium.

Annette is the co-founder and Vice President of the MTU Finance Club and is an active member of the Dean’s Student Advisory Council. Last year as part of the APMP team she attended the Berkshire Hathaway annual shareholders meeting in Omaha and met Warren Buffett and Charles Munger. Graduating in Finance with a minor in International Business and the German language, she has an interest in foreign currency and cash management. She has been offered a position as a financial analyst from the global mining powerhouse ArcelorMittal.

In her free time she enjoys backpacking, volunteering at the humane society, water sports, and traveling both domestically and abroad. We are proud to have Annette Felton as the 2011 recipient of the LSGI Scholarship.

To learn more about the LSGI Fund, please visit their website.


APMP Finishes 3rd and 4th at RISE Competition

The Applied Portfolio Management Program (APMP) Gold and Black teams took 3rd in the value category and 4th in the balanced investment category at the 11th Redefining Investment Strategy Education (RISE) forum early April. The two teams traveled down to Dayton University in Ohio for the educational workshop and announcement of winners in the year-long portfolio competition.

This year RISE drew over 1,500 students, faculty and professionals from around the world to gather for insights on economic trends, market opportunities and developments in the investment world during the three-day forum.

Michigan Tech sent 11 APMP students to Ohio. Students representing Michigan Tech this year included Jacob Carlson,  Zhouli Yuan, Gengyang Pan, Jacob Vehring, Mengjiao Zhou, Wei He, Yihong Yao, Simin Chen, Annette Felton, Nathan Johnson,  and Jessica Pakonen.

From the RISE website: In the 10-year history of R.I.S.E., the forum has attracted nearly 13,000 total participants from the financial industry and colleges and universities from around the globe. Known as the largest student investment conference in the world, each year R.I.S.E. extends an invitation to business professionals to share in the first day of this two and one-half day event.  And for good reason.  The keynote panelists and speakers, who are the best and the brightest from Wall Street, corporate America, the financial media, and the international community, hold equal appeal for students, professors and practitioners alike.

About APMP

The Applied Portfolio Management Program, a course within Michigan Tech’s School of Business and Economics, manages over $1.2 million in the equity and fixed income markets. The fund is supported by donations from alumni and friends, and investment revenues support student travel and scholarships. Established in 1998, APMP has placed first at the Redefining Investment Strategy Education (RISE) forum three times since the competition began.


APMP Speaks on International Investment

Jake Calrson, interviewed on TV6 Monday, March 28, 2011.Republished from TV6 News.

HOUGHTON — Buy?  Sell?  Do nothing at all?

The stock market, at times, can seem like a bit of gamble, especially when events around the world rattle markets.  It’s certainly been an interesting few months for students participating in Michigan Tech’s Applied Portfolio Management Program (APMP).

Each year the group oversees the investment of a $1.3 million university endowment fund.  And this year they’ve seen a lot of activity in the market.

“We are down since March 11th when the earthquake happened, but we expect that to come back quickly,” says senior Jacob Carlson.  “Right now is actually one of the best opportunities to earn money.  There’s a lot of potential.”

The students say they’ve hedged their risk by holding a diversified portfolio.  They’ve got about 35 securities and are always considering new investments.  In fact, they’ve been eyeing a few Japanese companies for several months and say the disaster’s financial impact isn’t all bad.

“Japan has kind of become a pretty big opportunity for investors that are looking for something that’s slow right now and will increase in the future,” Carlson says.

Edward Jones financial adviser Bob Nelson agrees that global thinking is a great way to survive inevitable sell-offs.  He encourages his clients to stay calm, pointing out that uncertainty is sometimes worse than actual bad news.

“Be careful of what the crowds do because they’re typically wrong,” says Nelson.  “The answer is don’t guess on any one play, be diversified.”

Nelson also cautions people to pay attention to the decline of the U.S. dollar.

He says his firm recommends people invest 30 percent of their portfolio in non-U.S. holdings.

Other tips include:  talk to a friend or adviser who can be objective about your money, and consider all aspects of a company (long-term performance, dividends, etc.) before deciding to buy or sell.


Impact Magazine: Spring 2011

The spring 2011 issue of Impact is here! Impact is the School of Business and Economics semi-annual publication that illustrates how our students, alumni, faculty, and staff are changing our School, University, and the world.

In This Issue

The spring 2011 publication features the growth of the Applied Portfolio Management Program over the last 13 years, research on gender inequalities in academia, three alums who are leaving their mark on their companies and Michigan Tech, and much, much more. Read Impact now!

Please take a look and let us know what you think by filling out our contact form or emailing business@mtu.edu.