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Investment Team Wins Portfolio Competition

April 5, 2012

DAYTON — The University of Mount Union’s Investment Team placed first in an investment portfolio competition held March 28-31 at the Redefining Investment Strategy Education (RISE) Forum at the University of Dayton.

As part of the event, which featured panels and workshops with investment professionals, students had the opportunity to submit an investment portfolio to be judged. Students submitted their Hillier portfolio (which consists of part of Mount Union’s endowment fund) to be judged in the core category based on risk adjusted rate of return. The team’s score was 2.56, the highest in that category.

“We were overjoyed to see that we were considered in the top three, let alone win the competition,” said Mount Union junior finance major Joey Forchoine of Canton, president of the team.

According to Forchione, typically, core companies are stable in growth, have predictable earnings and rate of growth and are profitable, consistently earning returns on the capital shareholders have invested. The team’s broker is Ryan Miller of NewMarket Financial Advisors in Canton.

Along with Forchione, Mount Union students attending the conference to represent the investment team were Blake Rhein, senior finance major of Poland; Tyler Hickerson, senior finance major of Malta; David Smeiles, senior finance major of Kent; Noah Hobrath, junior business administration major of Strongsville; and Matt Stahl, sophomore finance major of Sandusky. Dr. Patricia (Foley ’73) Matthews, professor economics, accounting and business administration and division dean of professional studies at Mount Union, went as the team advisor.

“I think the success at the conference attests to the dedication of all the members of the investment team,” Matthews said. “That goes beyond the students that attended the conference. The investment team is a huge learning experience for the students who are a part of it.”

RISE is the largest student investment conference in the world and is attended by more than 70 schools. This is the second year the Mount Union team has attended the conference, and the first year the team submitted a portfolio.

“It’s definitely the most worthwhile conference I’ve ever been to,” Forchione said. “The experience beyond the classroom that it gives is incredible — it’s great to be in that environment with professionals and other students and people who have the same passion for this future career.”

The opportunity for college students at Mount Union to manage real money is beneficial and practical, as it provides a valuable learning experience. Students not only learn the skills necessary to invest money, but they also learn what it is like to work in a fast-paced business environment.

According to dayton.edu/business/rise, The R.I.S.E. Forum — now in its 12th year — is an investment conference sponsored by the University of Dayton in association with the United Nations Global Compact. 

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