Two years ago, the Amrhein Investment Club went to a conference at the University of Dayton called RISE (Redefining Investment Strategy Education), for student stock-portfolio managers in clubs and classrooms. Though Amrhein was founded in 1962 with a $20,000 seed grant from trustee Irving S. Amrhein, it had never been to a gathering of similar groups. Advisor Linda Ravelle, associate professor of economics and business, encouraged her students to enter a couple of the competitive events at RISE, and to everyone’s surprise, Moravian came in third and fifth in the categories it entered—against portfolios managed by graduate finance students at institutions such as Purdue University.
The club went to RISE again this year, and this time it was one of eight first-place winners. Their fund management results over the previous year were judged superior to those of some 900 other students representing 100 colleges and universities. The other winners were all much larger, including the University of Kansas and Rice University.Purdue University and Stetson University, both of which had won in 2002, joined Moravian as repeat winners this year.
“Many schools manage their funds as part of an investments class and limit participation in fund management,” said Linda. “Amrhein allows all Moravian students to participate.”
The Amrhein endowment now tops $1 million. Proceeds go to Moravian scholarships and to support the work of the club.