I’m sure many of you have heard the news items on the Dow Jones, the nation’s financial crisis, WaMu, Wall Street and other miscellaneous stories on the the economy. OSU announced that it has entrusted its own student investment club to manage $1,000,000 (that’s one million!) after they did better than the professionals last year.
According to the Associated Press, the money will be presented to the Oregon State Investment Group during a banquet on Friday. The president of the student investment club is 21-year-old Adam Gulledge, a senior majoring in business finance. He says the club will be making long-term investments on behalf of the OSU Foundation, which has about $400 million in assets.
Adam Gulledge, Senior in Business Finance
Last year, the club did a lot better than the Wall Street average, getting a 23.5 percent return on its money. In its mission statement, the club is dedicated to giving students the opportunity to enhance education and career opportunities by providing experience in the operation of an investment management organization. Through valuing companies using various research and analysis techniques, actively managing portfolios, and taking several educational field trips throughout the year, the OSIG awards its members with an extremely valuable and unique experience.