NNU Business Blog » PRESTON O’MALLEY http://nnu.edu/blogs/business Just another NNU Blogs weblog Tue, 09 Mar 2010 19:17:59 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Student Managed Fund http://nnu.edu/blogs/business/2008/11/14/student-managed-fund/ http://nnu.edu/blogs/business/2008/11/14/student-managed-fund/#comments Fri, 14 Nov 2008 23:53:07 +0000 RG http://nnu.edu/blogs/business/?p=128 NNU students are investing University funds and learning to manage a stock portfolio in a quest to learn the ups and downs of the stock market and outperform fund managers.  Members of the Student Managed Fund have been stewards of $100,000 of the University’s endowment since 2004 under the direction of Dr. Peter Crabb, economics professor.

The students have generated an income of $13,800 since 2005, and all funds go directly toward student scholarships.  Student Preston O’Malley notes, “The Student Managed Fund’s number one goal has been to outperform the benchmark, which is the Russell 2000.  This has been our main objective that has been set with our client, the NNU Foundation Board.  Because we now have two funds to oversee, each one has set a goal to outperform the other fund.

Members of the Student Managed Fund as well as Dr. Peter Crabb participated with students from Boise State University at the Idaho Society of Chartered Financial Analysts meeting in Boise on Tuesday, November 11. Mr. Jay Taparia of the Chicago Investment firm Sanskar discussed “ACCOUNTING TOMFOOLERY: Potential Financial Reporting Abuses & How to Spot Them”.

Student Ryan Manley observes, “The Student Managed Fund is more than just a club. It provides resume building experience for students interested in careers in finance as well as practical learning for any student on campus interested in investing.

Additional information about the Student Managed Fund may be found in the current edition of the NNU Messenger.

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