2008 Woodie Awards
OSU Investment Group granted $1 million to invest in stocks
Student group scored a 20 percent increase in their $50,000 portfolio last year
Anneke Tucker
Issue date: 10/6/08 Section: News
With the current economical situation, starving investors may just become even hungrier. But right now, the OSU Investment Group is having a full turkey dinner.
The Investment Group was recently selected by the OSU Foundation to be the recipient of one million dollars, with the intent to invest it in the stock market.
Looking at their portfolio from last year, it's clear to see why OSU would be interested in donating one million dollars in hard economic times to a group run by college students.
The Investment Group had a 20 percent increase in their $50,000 portfolio, money that was raised strictly by fund-raising during a ten year period. It was these impressive returns that led the Foundation to spend one million of their $400 million on essentially a club of pre-professional analysts.
The purpose of the OSU Foundation is to make the education and experience better for the students of the university. Adam Gulledge, a senior in business and finance and president of the Investment Group, says that the Foundation is actually killing two birds with one stone.
"They are investing - so not really spending - money for a club that is not only going to educate the students of the group, but also give them real life experience," Gulledge said.
With a large sum of money comes a large load of responsibility.
"We are expected to act and control the investment portfolio just the same as a professional portfolio manager would for the university," Gulledge said.
"Continuity in the group is a big issue, but that's why we have biannual recruiting."
Having just finished with their fall interview and selection process, the group, comprised of 23 undergraduate and graduate students, will have a good mix of new and seasoned analysts.
"Each member spends anywhere from 60 to 80 hours preparing their portfolios to the group, which we present each week in the meeting," Gulledge said.
The group then discusses the stock that was presented in a six-page Excel spreadsheet comparing and contrasting the stock, and then votes as whether or not to buy it.
The million dollars was presented on a six-foot by three-foot novelty check Friday morning, followed by their regular weekly meeting.
"It was exciting, nervous and just knowing that this was a very beneficial thing for students," Gulledge said of the presentation. The members of the Investment Group, while required to have certain technical skills, have a wide range of interests and career paths.
The mission of the group is to provide students with the opportunity for experiential learning in portfolio management and in-depth equities analysis. The OSU Investment Group is now a million dollars closer to their investment goals and to building their portfolios for the future.
The Investment Group was recently selected by the OSU Foundation to be the recipient of one million dollars, with the intent to invest it in the stock market.
Looking at their portfolio from last year, it's clear to see why OSU would be interested in donating one million dollars in hard economic times to a group run by college students.
The Investment Group had a 20 percent increase in their $50,000 portfolio, money that was raised strictly by fund-raising during a ten year period. It was these impressive returns that led the Foundation to spend one million of their $400 million on essentially a club of pre-professional analysts.
The purpose of the OSU Foundation is to make the education and experience better for the students of the university. Adam Gulledge, a senior in business and finance and president of the Investment Group, says that the Foundation is actually killing two birds with one stone.
"They are investing - so not really spending - money for a club that is not only going to educate the students of the group, but also give them real life experience," Gulledge said.
With a large sum of money comes a large load of responsibility.
"We are expected to act and control the investment portfolio just the same as a professional portfolio manager would for the university," Gulledge said.
"Continuity in the group is a big issue, but that's why we have biannual recruiting."
Having just finished with their fall interview and selection process, the group, comprised of 23 undergraduate and graduate students, will have a good mix of new and seasoned analysts.
"Each member spends anywhere from 60 to 80 hours preparing their portfolios to the group, which we present each week in the meeting," Gulledge said.
The group then discusses the stock that was presented in a six-page Excel spreadsheet comparing and contrasting the stock, and then votes as whether or not to buy it.
The million dollars was presented on a six-foot by three-foot novelty check Friday morning, followed by their regular weekly meeting.
"It was exciting, nervous and just knowing that this was a very beneficial thing for students," Gulledge said of the presentation. The members of the Investment Group, while required to have certain technical skills, have a wide range of interests and career paths.
The mission of the group is to provide students with the opportunity for experiential learning in portfolio management and in-depth equities analysis. The OSU Investment Group is now a million dollars closer to their investment goals and to building their portfolios for the future.
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