On Feb. 25 and 26, seven UD students traveled to Austin with Director of Undergraduate Admissions and Enrollment Michael Probus, BA '12 MBA '15, to advocate for continuing and/or increasing Tuition Equalization Grant (TEG) money.+ Read More
In a conversation peppered with "debt-to-asset ratios," "betas" and "numerators," four undergraduate members of the newly formed Student Managed Investment Fund (SMIF) presented the results of their portfolio's performance during its first quarter in operation to their advisory board.
The board, which includes University of Dallas professors and financial analysts, quizzed students on the past performance, liability and competitive advantage of different companies and industries in the SMIF's portfolio. A full list of advisory board members is available here.
"In the last three months, student fund managers have researched stock selections extensively and followed conservative management strategies, such as avoiding some excessively risky technology stocks," said Jenny Gu (right), a Certified Financial Analyst, assistant professor in the Satish & Yasmin Gupta College of Business and SMIF faculty advisor.
Return on equity for the SMIF's first quarter of trading as of Dec. 31, 2013 was 5.5 percent. A portion of the proceeds from the fund will go to a scholarship program for prospective and current students with a demonstrated interest in finance. The SMIF itself was made possible by a $100,000 gift in early 2013 from a donor who wishes to remain anonymous.
"Analyzing various companies creates exposure to many aspects of the business world, and that has been useful as I try to determine what I should do in my future," said SMIF member Will Chavey, BA '15. "I definitely continue to develop an interest in finance, but also in strategy, management and sales processes--all factors in helping to determine whether or not a company presents a buying opportunity."
The SMIF members are now preparing for a brief presentation to be made to the Board of Trustees at their February meeting.
Mike Kiegerl's youngest daughter, Christine, would have graduated from UD in the Class of 1994, but just before her graduation, she was struck by an impaired truck driver and died instantly. Kiegerl and his wife, Peggy, established the Christine S. Kiegerl Memorial Scholarship in their girl's memory in 1997.+ Read More
UD students not only read St. Augustine's "Confessions" in Rome, traveling to Ostia to marvel at the place in which, according to Book IX, St. Augustine and his mother, St. Monica, had a joint mystical vision of God — they also travel 4.4 miles from the Irving campus to read the text with residents of South Irving.+ Read More