On the money
Providing a foundation for learning about the world of finance is what happens inside the classrooms of the Quick Center, home of Widener’s School of Business Administration.
Business students take that foundation to the next level by participating in the Money Club and the Student Managed Investment Fund.
Anthony Imbalzano, ’14, served as a portfolio manager for the Student Managed Investment Fund, a university-supported fund managed by students in the Money Club. “This is great experience, doing the same stuff that financial analysts do,” said Imbalzano, who majored in business management with a concentration in finance.
The students make long-term investment decisions as part of managing the portfolio, while also engaging in field trips, such as a recent visit to the NASDAQ OMX PHLX trading floor, and networking opportunities with alumni and business professionals. Most of the fund’s 12-member advisory board members are Widener alumni.
Dr. Iqbal (Monty) Mansur, who leads this effort along with Dr. Babatunde O. Odusami, said the eventual goal is to build up the fund to beyond $100,000, an accomplishment that would go hand-in-hand with donor support, which could include the naming of funds after donors. With future support, Mansur said the goal is to expand the fund beyond one portfolio, to include mutual funds and other investment vehicles to provide a broader experience for students.
“For a finance major, this is an integral part of their experience,” Mansur said.
Under the fund management process, students who serve as portfolio managers monitor performance and make buy-and-sell recommendations to members of an investment committee. That committee approves portfolio decisions. The portfolio managers prepare reports on performance and maintain records, and students in the role of security analyst monitor the performance of investments that are currently held.
Students of all majors are encouraged to join the Money Club, which had more than 70 members this spring. It’s especially important that freshman and sophomore finance majors get involved with the Money Club and Student Managed Investment Fund, Mansur said, since they don’t have classes dedicated specifically to finance until their junior year.