2009.04.09 > For Immediate Release
contact: Wendy Townley - University Relations
phone: 402.554.2762 - email: email@example.com
Student Investors Take Top Honors at National Competition
Omaha - Graduate students representing the Maverick Investment Program at the University of Nebraska at Omaha (UNO) earned first-place honors at the University of Dayton's ninth annual student portfolio competition, held March 26-28 in Ohio.
UNO won first place in the graduate division for their fixed-income portfolio. The Maverick Investment Program, housed in the College of Business Administration (CBA), is led by David Volkman. Volkman is chair of the college’s Finance, Banking and Law Department.
Student team members Till Bargfrede, Arnie Ovalles, Micah Schmidt and Jesse Shumaker competed in the Fixed Income Portfolio division. UNO’s team achieved an annualized rate of return of 3.7 percent.
The students are members of CBA’s Fixed Income Portfolio class, which manages a $2 million account provided by First National Bank of Omaha. The course is taught by Dr. Wendy Guo, associate professor of Finance, and Stephen R. Franz, chief investment officer at First National Bank of Omaha.
More than 2,600 students, faculty and professionals attended the competition from 275 colleges and universities around the world. Winners were named in four divisions, based on the risk-adjusted performance of their portfolio for the 2008 calendar year.
The event was held in conjunction with the R.I.S.E. (Redefining Investment Strategy Education) IX Global Student Investment Forum, co-sponsored by the University of Dayton and the United Nations Global Compact.
The three-day event was organized around interactive panel discussions that give students opportunities to interact with leading thinkers in economics and finance. More than 100 speakers addressed the global economy and investments from a variety of perspectives. Speakers included Richard Fisher, president and CEO of the Federal Reserve Bank of Dallas; Steve Liesman of CNBC; and Edward Kerschner of Citigroup/Smith Barney.
UNO is celebrating its 100th anniversary. The celebration recognizes the partnership among the City of Omaha, its citizens and UNO to build a vibrant and dynamic community. The centennial theme is “UNO: Central To Our City Since 1908.” This theme acknowledges the past contributions of UNO to the community and sets the stage for great things to come.
UNO, inaugurated in 1968, emerged from the Municipal University of Omaha, established in 1931, which grew out of the University of Omaha founded in 1908. For Centennial information, go to http://www.unomaha.edu/100/.
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