Student Managed Investment Fund Takes 1st Place in International Competition
As Student Managed Investment Fund President (S.M.I.F.), Logan Stepan, walked into our office to tell us a little bit about the competition he and his team had just taken first place in two categories at, the first thing he said was, “When we found out we won it was just kind of awkward. We were in a big conference room with a bunch of other students from schools all over the world, even some Ivy League schools, and when they announced that the University of North Dakota had won, there was just kind of a slow clap and you could tell everyone was wondering, ‘who are they?’” While that may have been the reaction for the first award the team won, it certainly wasn’t the reaction when they were awarded first place in a second category.
This year’s international Global Asset Management Education (G.A.M.E.) competition was held in New York City (March 31 to April 2, 2016). The group ended up placing first in two categories: bond portfolio and alternative funds. While they have placed first in bond portfolio once before, it was their first time winning in the alternatives category.
S.M.I.F. is a group that invests real money into a variety of portfolios. This year, they were allotted $1.3 million for investments. It is one of the only fully student-run investment fund groups in the nation and is an opportunity only available to business students. Right now, Stepan says the group has somewhere between 30 and 35 members.
147 schools attended the GA.M.E. competition, from 47 different states and 39 countries. Winning not only enhances the reputation of UND, it also provides the group access to additional competitions in the future.
2016 Hultberg Lectureship Series
Just last week we held our twenty-ninth annual Hultberg Lectureship Series. For those who have never attended, the Hultberg Series gives students, faculty/staff and members of the Grand Forks community an opportunity to hear and seek advice from four successful alumnae of the CoBPA. This year our panelists were the following: Catherine Eagan-Spicer, Regional Sales Manager of KapStone Container; Kayla Effertz Kleven, Senior Policy Advisor for the Office of Governor Dalrymple; Sally Miskavige, Vice President of Opp Construction; and Dawn Dexter, Senior Director of Accounts Payable for Target Corporation. We had a great turnout at the event and were pleased by the Q&A session between the panelists and the audience. One piece of advice given by Dawn Dexter, seemed to really hit home for a lot of the students, “There is no normal, standard, to be expected, career path. Your career path can change very wildly– mine has. I’ve done things I never thought I would do, and never thought I could do. And all of that has been extremely valuable for me from kind of a learning, growth, kind of professional development perspective. So I would say take some risks, take on new challenges, and don’t feel like you have to have a specific career path pre-designated.”
Erik Gilje: Assistant Professor of Finance at The Wharton School at the University of Pennsylvania
Republican candidates are gaining votes after shale booms, says Erik Gilje as he addressed nearly thirty students, faculty and staff at a seminar last Monday. Through research, Gilje concluded shale booms have changed voter preferences and politics. An abstract co-authored by Gilje states, “support for conservative interests rise after shale booms and Republican candidates gain votes, nearly doubling the probability of incumbency changes.” When asked why he chose to come speak at the University of North Dakota in Grand Forks, hundreds of miles away from the nearest oil well, Gilje said people need, “to understand how voter preference shifts representative democracy. When you change your representative, you’re getting a whole package of other things.”
Margaret Williams, Dean
College of Business and Public Administration