Tag: Applied Portfolio Management Program

New LSGI Trading Room Dedicated

“A great program finally has an appropriate and wonderful home,” said Darrell Radson, dean of the School of Business and Economics. He was talking about the new LSGI Trading Room, which was dedicated Oct. 7. It will house the Applied Portfolio Management Program (APMP), and was made possible by the generosity of Joe ’76 and Vickey Dancy. Joe is president of LSGI Advisors Inc., a venture fund organization.

APMP, mostly comprised of finance majors, is the School’s long-time success story: winning three national competitions in just over a decade while allowing students to invest more than $1 million of real money in the stock market.

For Joe Dancy, the choice was easy.

“The unique thing about APMP is that the students have more responsibilities and decision-making than other similar programs,” he said. “They go to the national competitions and do so well against many other teams. The students are making all the decisions, and I love the diversity. We’ve had students from different countries, female members, and there have been volleyball, hockey, basketball, and football players.”

One such football player this year is Pat Carroll, wide receiver for the Huskies.

“The room is awesome,” he says. “We are lucky to have this place and get this great experience.”

Carroll transferred from Purdue because they didn’t have an APMP program. Besides being at the dedication, he had been busy prepping for his first Advisory Board meeting with Dancy and others later Thursday night.

“We have to pitch our idea,” he says. “We have to say why they should trust us with this money to manage, just like real life. We have to justify our strategy.” (“It was a little nerve-racking,” Carroll said the next day. “But we did pretty well and received a whole bunch of great criticism from the board members.”)

So, what’s new with the new room?

“The addition of Bloomberg TV gives our students the same advantages as industry professionals,” says Dean Johnson, associate professor of finance and the founder and advisor to APMP. “We are the only educational institution in the UP with these improved trading capabilities. In addition to investing, students can also use its job line. It is a job-matching feature on a private line.”

Johnson said the students also appreciate the bright, window-walled room, which features more space, privacy and elbow room.

Student Anne Dancy (Joe and Vickey’s daughter and APMP member) especially appreciates the increase in space.

“We’ll be able to do more teamwork and use all our resources to become even more successful,” she said.

By Dennis Walikainen, senior editor. Posted in Tech Today on October 10, 2011.

LSGI Trading Room Dedication October 6th at 4pm

Through the generous efforts of Joe and Vickey Dancy and LSGI Advisors, Inc., the School of Business and Economics is proud to announce the dedication of the redesigned and updated LSGI Trading Room home to the Applied Portfolio Management Program. Please join university administration, the Tech Fund Board, the Applied Portfolio Management Program Advisory Board, School of Business and Economics faculty, staff, and students for the LSGI Trading Room Dedication in the Academic Office Building at 4pm on October 6, 2011.

The dedication will include a ceremony to be followed by refreshments and facility tours.

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 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!!!


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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