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Moravian College investment club wins 2004 RISE Competition

Amrhein Investment Club took first place in the undergraduate division for best blend style equity portfolio

(Bethlehem, Pennsylvania) – Moravian College’s Amrhein Investment Club took first place in the undergraduate division for best blend style equity portfolio at the 2004 Redefining Investment Strategy Education (RISE) symposium held April 1-3 at the University of Dayton (Ohio). Moravian was one of eight colleges and universities from the United States and Canada to take top honors in the largest North American student portfolio competition.

“The symposium was a really great experience for all of us,” said Dr. Linda Ravelle, associate professor of economics and business and club advisor. “Many schools manage their funds as part of an investments class and limit participation in fund management. Amrhein allows all Moravian students to participate. The students came away from the symposium realizing how lucky they are to be able to have this experience at Moravian.”

This event for both graduate and undergraduate students included more than 900 students from over 100 schools. Twelve well-known industry leaders within the investment community spoke about their opinions on the market and the economy. About one third of the participants entered the portfolio competition, in which students displayed their success in the areas of growth, value, blend, alternative, and fixed-income styles of management. The top teams were determined by the portfolio’s 12-month risk-adjusted returns.

The Amrhein Investment Club manages over $1 million of Moravian’s endowment. The endowment is broken down into four funds, and each is managed by a student fund manager. The four fund managers include Todd James (Nazareth, Pa.) – growth fund manager; Marty Miller (Bethlehem, Pa.) – balance fund manager; Greg Rarick (Drums, Pa.); and Muhammed Bendjilali (Hellertown, Pa.) – income fund manager. These four fund managers, along with club president Alex Yanko (Bethlehem, Pa.), traveled with Dr. Ravelle to the symposium.

The Amrhein Investment Fund was established in 1962 with a gift of $20,000 from Mr. and Mrs. Irving Amrhein. The donation was to establish an investment laboratory where students could learn about business and the world of investing by managing a portfolio of stocks and bonds. Today, the Amrhein Investment Fund is one of the largest student-run funds in the country, with over $1 million invested. Students learn to manage portfolios, research and report on stocks and bonds, and revise and expand the funds quarterly. “Ours is one of the oldest student-managed investment funds in the United States,” said Dr. Ravelle. “Our fund is large, particularly for a school as small as ours.”