South Dakota State University’s student-managed investment fund team won national acclaim, earning first place in the student-managed portfolio competition at the Quinnipiac Global Asset Management Education (G.A.M.E.) VII Forum.
The forum took place over three days in New York City and brought together more than 1,500 students and faculty mentors representing 157 colleges and universities. The participants were from 41 countries, 46 states, Puerto Rico and Washington, D.C. SDSU was one of 18 teams selected to present to the judges and earned first place in the undergraduate competition.
Zhiguang (Gerald) Wang, associate professor of finance in the Department of Economics, served as the faculty adviser for the team. The team included 14 student analysts from the student-managed investment fund class majoring in economics, economics with a business specialization, entrepreneurial studies, agricultural and resource economics, agricultural business, advertising, and ecology and environmental science. Nine students traveled to the competition. South Dakota natives Justin Price (Brookings) and Chad Te Slaa (Sioux Falls) presented SDSU’s portfolio in front of three judges from Wall Street firms.
Wang’s role with the portfolio was to execute trades and serve as a risk manager. The investment experience was accomplished through the First Dakota National Bank e-Trading Education Lab, which was dedicated in October 2015. The lab was made possible through a financial gift from First Dakota National Bank in Yankton, South Dakota. Support from four cooperatives, CHS, CoBank, Farm Credit Services of America and Wheat Growers, covered the operating costs of the lab.
The annual forum hosts the largest student-managed investment fund competition in the world. It is the first time a team from SDSU has been eligible to compete. A group of 14 students analyzed, presented and voted for stocks on a weekly basis during the 2016 spring semester. The class invested in 23 stocks across nine different industrial sectors.