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Money Club Receives $500,000 from Board of Trustees for Student Managed Investment Fund

money club adviser

Dr. Iqbal Mansur, co-adviser for the Widener University Money Club, looks over stock options with student Vy To, '14.

Members of the Widener University Money Club recently learned that its Student Managed Investment Fund will grow nearly eight times in size thanks to a generous move by the university’s Board of Trustees. The board has authorized the transfer of $500,000 from the university’s endowment portfolio managed by Commonfund to the Student Managed Investment Fund so that students can gain real-world experience investing the money.

While the details of the transfer are still being worked out, past and present Money Club members are overjoyed by the news.

“The fund is especially important for finance majors because they don’t have a finance-specific class until their junior year,” said Anthony Imbalzano, a 2014 Widener graduate and former portfolio manager for Widener’s Student Managed Investment Fund. “It allows them to make real investment decisions early on in their college careers and test the waters of the field.”

During his senior year at Widener, Imbalzano, classmate Ryan Paul, ’14, and Dr. Iqbal Mansur, a co-adviser for the Money Club, presented to the Board of Trustees about the revival of the Money Club, its Student Managed Investment Fund and the benefits of growing the fund. Current students will now reap the benefits of their successful pitch as the $500,000 will enable exploration into different investment vehicles.

“We currently only work with large cap stocks, but in our curriculum, we learn about small cap funds, bond funds and much more,” said Michael Bennett, a senior management major with a concentration in finance who serves as vice president of the Money Club. “With more money to work with, we will have a more complete learning experience that mimics that of the real world.”

The Student Managed Investment Fund at Widener started in the 1980s with a gift from Grace Servier Lincoln, who received her undergraduate degree from Widener’s predecessor institution PMC Colleges in 1969 and her MBA from Widener in 1973, and her late husband, John Servier, who served on the Widener School of Business Administration faculty.

The fund was initially administered as part of an in-class project in a portfolio management course. The Money Club assumed responsibility for managing it in 2012 to serve as an important learning tool for a broader group of business students and others interested in finance. Over the past three years, the fund has also grown with monetary and stock gifts made by members of the Widener Finance Advisory Board Steve Earhart, Carl Gordinier and Steve Wynne, in addition to Dr. Mansur.

Drs. Mansur and Babatunde O. Odusami serve as the two faculty advisers for the Widener Money Club and help oversee the fund with additional insight provided by the advisory board made up of 12 professionals from the world of finance – all but two of whom are Widener alumni.

Widener University is a metropolitan university that connects curricula to social issues through civic engagement. Dynamic teaching, active scholarship, personal attention, leadership development and experiential learning are key components of the Widener experience. A comprehensive doctorate-granting university, Widener is comprised of eight schools and colleges that offer liberal arts and sciences, professional and pre-professional curricula leading to associate, baccalaureate, master’s, and doctoral degrees. The university’s campuses in Chester, Exton and Harrisburg, Pa., and Wilmington, Del., serve some 6,000 students. Widener is proud to be a tobacco-free university. Visit the university’s website, www.widener.edu.