Dayton, Ohio — The New Jersey City University Student Investment Management Team (SIM) was among six teams of finance students who distinguished themselves in the University of Dayton's 13th annual international student portfolio competition. NJCU’s SIM Team was awarded First Place for Growth Investment Style in the portfolio competition.The student-managed investment funds were honored in the competition, held in conjunction with the RISE 13 investment forum April 4-6, sponsored by the University of Dayton in association with the United Nations Global Compact. All of the student-managed teams learn by investing real money, Representatives of NJCU’s 30-member SIM Group traveled to Dayton with Dr. Bernard McSherry, SIM advisor and NJCU assistant professor of finance, and Dr. Rosilyn Overton, NJCU associate professor of finance. SIM members present at the competition were: Andrew Armanus, SIM Group President; Tykel Jackson, Group Vice President; and four Portfolio Managers, Joseph Hernandez, Raul Ligero, Ruth Ortiz, and Teko Teko-Agbo.Dr. McSherry congratulated the SIM Group following the award presentation in Dayton, saying, “RISE is the largest, and most prestigious international student finance conference and this year it attracted over 150 colleges and universities including groups from Harvard and Stanford. I’m so proud that our students competed with teams from the top schools in the country and won.”He commented, “Our student teams selected each and every stock in our portfolio, and their investment insights are the reason we were able to outperform the S&P 500 by 4%. Our portfolio earned 18% in 2012, a performance that many well-known professional money managers wish they could report as their own”
“We are thrilled that our students have succeeded in winning this competition and are grateful to the SIM Group, Dr. McSherry, and the faculty in our finance and business administration department for their outstanding work,” NJCU President Sue Henderson said. She continued, “Our students, who hail from all corners of the world, worked diligently with their peers and under the guidance of our faculty experts to win this prestigious honor.”Dr. Henderson noted that the achievement was made possible through the generosity of a visionary donor and friend of the University, Congressman Frank J. Guarini, who provided the SIM Group with a $100,000 start-up fund. RISE (Redefining Investment Strategy Education), is the world's largest and longest-running student investment forum. RISE brings internationally known leaders in the finance industry to the University of Dayton to share their perspectives on economic and market trends, forecasts and critical issues with students, faculty and professionals.Watch the newscast video HERE.