Baylor Business Team Wins 1st Place in the Portfolio Management Competition, Bringing Trophy Back to Waco After 3-Year HiatusFeb. 22, 2011
By Nina McAllister
On Sunday February 19, a team of Baylor business students beat out four other finalist teams to win first place in the Portfolio Management Competition at the 2011 Texas Investment Portfolio Symposium (TIPS). The other finalists included teams from University of Houston, North Texas, Trinity University and Rice.
Susan Etheredge, TIPS program coordinator for Baylor, describes the annual symposium as a forum for students and faculty at universities in Texas and surrounding states with Investment Management curriculum. This conference provides participants with a platform to interact with investment industry professionals and to advance their learning about industry trends, issues and current hot topics.
Lance Myers and Andrew Gill, students in the financial class Practicum in Portfolio Management, gave a ten-minute presentation on Baylor's student managed fund to a panel of judges, followed by a brief question and answer period. The judges, who are CFOs and other practicing investment professionals, are asked to choose a winner based on the criteria that would be used to judge a professional money manager.
Baylor has placed first three times (2007, 2008, 2011) since the competition began in 2006, more than any other school that has been in the competition.
Andrew Gill said, "We have won in years past but not in a few years, and it's good to have [the trophy] back. Student managed funds have become more popular at schools across Texas and we have demonstrated that Baylor's offers the best return."
Students enrolled in Practicum in Portfolio Management manage an investment portfolio valued at $4.6 million. Through this, "hands-on" course, students learn the tools and techniques used by professionals to analyze and select individual stocks. The course, taught by Mr. Bruce Troegle and Mr. Brian Bruce, meets once a week in the Southwest Securities Financial Markets Center. The center is a state-of-the-art class and resource room, designed in part to mimic a securities "trading room."