Tag: Dean Johnson

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!

APMP Holds Junior Day

Director of APMP, Dean Johnson, prepares another group of students for APMP participation during their senior year.

On April 22nd, the Applied Portfolio Management Program (APMP) held the sixth Annual “Junior Day”. This special event serves to kick start the incoming juniors, as they take over as the new portfolio managers of the APMP portfolio. The juniors began their morning by attending the Spring APMP Advisory Board and watching the graduating APMP senior student portfolio managers present their year-end performance results.  After being introduced to the APMP Advisory Board, the juniors attended a series of guest lectures. This year’s guest speakers included: Ryan Layton, Tim Bailey, Larry Durland, and Paul Kasriel.

Ryan Layton and Tim Bailey are both APMP alumni and introduce the juniors to the program that led them to the careers they have today.  Ryan currently works as a portfolio manager with Main Street Investment Advisors in Chicago. Mr. Layton discussed the importance of asset allocation and the process used by Main Street Investment Advisors to determine a portfolio’s optimal asset allocation. Mr. Bailey works at Fortress Investment Group in San Francisco, which is a $44 billion Private Equity/Hedge fund. He discussed alternative asset investing strategies employed in the hedge fund industry with the new APMP students.

APMP Advisory Board Chairman Larry Durland, discussed the thoughtful development of an investment philosophy and strategy, during his time with the APMP teams. In addition to talking to the APMP teams, Mr. Kasriel also opened his presentation to the entire School of Business and Economics.  Over 60 students attended his guest lecture on the current macroeconomic decisions facing the Federal Reserve and investors. A resident of Door County, Wisconsin, Mr. Kasriel serves as the President of Econtrarian, LLC and is a senior economics and investment advisor with Legacy Private Trust Company of Neenah, Wisconsin.

Junior Day give the students exposure and experience talking with professionals working in the world of finance. As APMP team members, they will be responsible to the APMP Advisory Board as they manage over $1 million during their senior year at Michigan Tech.

Financial support for Junior Day was provided by James and Dolores Trethewey.

Business and Economics students compete in Global CFA Institute Research Challenge

In 2013, Michigan Tech students qualified and competed in the CFA Institute Research Challenge for the first time.

Students in the Applied Portfolio Management Program are expanding their resumes by competing in another investment competition and gaining valuable real world experience.

The CFA Institute Research Challenge was introduced to a global audience in 2006 and is considered, “the investment Olympics” for university students.  The event which hosted more than 3,000 students from over 650 universities, 89 businesses, and 106 societies in 55 countries and territories.  This challenge is an annual global competition which provides hands-on mentoring and intensive training in financial analysis and professional ethics.  Despite 2013 being the first year they competed in this challenge, our finance and economics students were able to advance to the global final of the event.

By compiling the highest combined report and presentation score and winning the regional competition, Michigan Tech qualified for global final.  “As a team we set aside many hours of our time to research, compile, analyze, prepare, rehearse, and finally present our findings to a panel of judges. The true amount of work this project entailed is staggering, however we are thankful for the opportunity afforded to us,” said senior Finance major, Justin Wilson.   Joining Justin to represent Michigan Tech was fellow Finance major Jessica Zaiki as well as economics majors Eli Karttunen and Anna Paul.

Each student was tested on their analytic, valuation, report writing and presentation skills and gained real-world experience as they assumed the role of a research analyst.   Upon the team’s return, Jessica Zaiki noted that having the exposure to the CFA institute, investment professionals, and the high caliber of competition at the Americas competition expanded her knowledge of stock analysis and furthered my interest in pursuing a CFA in the future.

The experience was valuable for our students and it is a competition we look forward to having continued participation and success at in the future.  Financial support for the student participation was provided via the James and Dolores Trethewey APMP Professorship.

Celebrating a Special Teacher, His Students, and Alumni

Dean Johnson with Dee and Jim Trethewey.

A packed MUB Ballroom was a testament to Dean Johnson, the James ’67 and Delores Trethewey APMP Professor in the School of Business and Economics, his students, and the couple who have endowed his professorship.

At the reception, it was a family affair, too, as Johnson’s home life was acknowledged, first by President Glenn Mroz. Johnson’s family was present, and they were given credit for helping Johnson establish the program twelve years ago. The endowed professorship was a great reflection on all of Michigan Tech, Mroz added.

Dean Darrell Radson agreed, stating that as great as the Applied Portfolio Management Program was in terms of marketing and public knowledge of the School and University, it was the impact on the students that truly mattered.

“Great business schools are always part of great universities,” Radson said. “And endowing the professorship is an important step toward greatness.”

James Trethewey said, as he thought about the day, he thought about honoring our heroes like Johnson, and authenticity.

“I looked up ‘authentic,’” he said. “And it talked about being original, trustworthy, and sincere, and that is certainly Dean. This greatness at Tech comes from everyone, too. Great leadership like Glenn, great staff, great people, including everyone in this room.”

Thus, we salute our hero, Trethewey said.

Johnson spoke on the history of the APMP: from three volunteers to more than 300 students overall; from an excursion of a golf outing to NASDAQ and Chicago Mercantile visits; from a “scholarship” of a pizza dinner to all the APMP students operating on real scholarships; from a little room in the basement to a sparkling new LSGI Trading Room with a $25,000 per year Bloomberg terminal.

“It’s really about coming full circle,” Johnson said. “Sam Tidwell changed Jim’s life, and now he and Delores are changing the lives of students.”

The ceremony continued with a plethora of student testimonials, read by Ted Simonsen ’07, who works for Ameriprise Financial locally and was representing his APMP brothers and sisters and all the students touched by Johnson.

“As much as I appreciate his teachings about investments,” Simonsen said, in his own testimonial, “it was his way of connecting with students on a personal level that meant even more. He takes the time to get to know all of his students, and I use that great example every day.”

Graduating APMP students Ann Dancy and Todd Storm, fittingly, were the last to speak. They reinforced impact that this teacher, alumnus, and program have had them, as the ceremony ended and the family of Tech celebrated heroes past, present, and future.