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U of M Students Finish First in Regional TVA Investment Challenge
For release: Feb. 23, 2007
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A team of students from the University of Memphis won the 2006 Tennessee Valley Authority Investment Challenge, an innovative partnership between TVA and 25 universities in its service territory that provides a real world learning experience in portfolio management.

Only four teams beat the Standard & Poor’s 500 Index, which had a return rate of 15.79 percent. The U of M finished first (20.5 percent), followed by East Tennessee State (17.96 percent), the University of Mississippi (16.99 percent) and Alabama A&M (16.42 percent). The portfolio is worth more than $750,000 in real money.

The U of M also won the Challenge in 2003, said Dr. Phillip Kolbe, the team’s adviser and an associate professor of finance, insurance and real estate at the U of M. University teams have beaten the S&P 500 Index seven of the past eight years.

Students actively manage TVA funds by designing long-term investment strategies, placing trades, and providing performance reports to TVA, all under the guidance of a faculty member. Students learn how to manage real money and all the requirements that come along with it. They are held to guidelines similar to those of TVA’s professional money managers. Teams are ranked according to how well their portfolios perform.

Some of the other participating schools were Austin Peay, Christian Brothers, Middle Tennessee, Mississippi State, Kentucky, Tennessee, and Vanderbilt.

For more details on the competition, contact Kolbe at 901/678-4090 or pkolbe@memphis.edu

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Last updated: 03/19/2008 16:30:14
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