Business students successfully control a portion of Samford endowment
Katharine Weaver
Issue date: 5/6/09 Section: News
Students participate in the investment fund as part of a three-hour business school course.
After completing a number of prerequisite courses including finance, accounting and investments and submitting an application, students are interviewed for admittance into the class.
This semester seven students from the Brock School of Business were chosen to manage the investments.
"We began the semester by allocating various sectors and fund positions to each student, and each of us are responsible for analyzing and maintaining up-to-date knowledge on those specific areas," Johnson said.
Management of the fund requires great dedication and precision with student members meeting weekly to discuss and approve future investments, as well as carefully examining current stock holdings.
Proficient managing of the investment portfolio requires not only in-depth knowledge of the business sector but also of current events and international affairs.
"Outside of our meetings, we are constantly reading any and everything we can get our hands on. Our decisions are influenced by economic, industry and political environments, so we read a great deal about those topics. Additionally, we closely follow the companies whose stock the fund holds within our sector, monitoring earnings projections and what professional analyst reports say," Krombach said. The fund has prospered over the past two years as a result of the diligence and dedication of the team members.
"Since the Fund's inception in February of 2008 we have ranked in the 96th percentile of similarly positioned professionally managed funds and in the most recent quarter, we out-performed 97 percent of professionally managed funds," Krombach said.
"The fund not only provides economic growth to the university endowment, but it also allows for invaluable firsthand experience for members of the business school. It would be a great honor to be part of the Bulldog Investment Fund and it is considered a huge asset of the Brock School of Business," sophomore international business major Jes Shields said.
After completing a number of prerequisite courses including finance, accounting and investments and submitting an application, students are interviewed for admittance into the class.
This semester seven students from the Brock School of Business were chosen to manage the investments.
"We began the semester by allocating various sectors and fund positions to each student, and each of us are responsible for analyzing and maintaining up-to-date knowledge on those specific areas," Johnson said.
Management of the fund requires great dedication and precision with student members meeting weekly to discuss and approve future investments, as well as carefully examining current stock holdings.
Proficient managing of the investment portfolio requires not only in-depth knowledge of the business sector but also of current events and international affairs.
"Outside of our meetings, we are constantly reading any and everything we can get our hands on. Our decisions are influenced by economic, industry and political environments, so we read a great deal about those topics. Additionally, we closely follow the companies whose stock the fund holds within our sector, monitoring earnings projections and what professional analyst reports say," Krombach said. The fund has prospered over the past two years as a result of the diligence and dedication of the team members.
"Since the Fund's inception in February of 2008 we have ranked in the 96th percentile of similarly positioned professionally managed funds and in the most recent quarter, we out-performed 97 percent of professionally managed funds," Krombach said.
"The fund not only provides economic growth to the university endowment, but it also allows for invaluable firsthand experience for members of the business school. It would be a great honor to be part of the Bulldog Investment Fund and it is considered a huge asset of the Brock School of Business," sophomore international business major Jes Shields said.
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