Press release from GlobeNewswire (a Nasdaq OMX company)
The New Jersey City University Student Investment Management Team (SIM) to Ring The NASDAQ Stock Market Closing Bell
Thursday, May 16, 2013
The New Jersey City University Student Investment Management Team (SIM) to Ring The NASDAQ Stock Market Closing Bell13:27 EDT Thursday, May 16, 2013
ADVISORY, May 16, 2013 (GLOBE NEWSWIRE) --
The New Jersey City University Student Investment Management Team (SIM) will visit the NASDAQ MarketSite in Times Square. 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 held on April 4-6. NJCU's SIM Team was awarded First Place for Growth Investment Style in the portfolio competition.
In honor of the occasion, NJCU President Sue Henderson, Faculty Advisory Dr. Bernard McSherry, and SIM Group President Andrew Armanus will ring the Closing Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Friday, May 17, 2013 – 3:45 p.m. to 4:00 p.m. ET
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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About The New Jersey City University Student Investment Management Team (SIM):
The New Jersey City University Student Investment Management Team is comprised of approximately 30 members of the Student Investment Management Group (SIM Group). Many of them are immigrants, hailing from places like Egypt, Mexico, Togo, India, and China. Most live in Hudson and Essex counties. We currently manage about $160,000 of real money and we have beaten the S&P 500 each year since inception (4 yrs). Last year our portfolio returned 18%.
Our group is organized into four investment teams, each headed by a portfolio manager supported by several analysts. Stocks are selected by the teams and presented to the larger group for approval prior to investment. Twice a year, our President and Vice-President prepare an economic outlook, and the Portfolio Managers adjust their sector weightings to match the expectations for the upcoming two quarters. It is a fairly simple approach to investing, one that is believed to be well-suited to our students skill set. We hold about 40 stocks in our portfolio. 100% equity, long only, benchmarked to the S&P 500.
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