UNCW Cameron School of Business Announces Student Managed Investment Fund
11/1/2005 1:44:30 PM
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Wilmington, N.C. – The University of North Carolina Wilmington Cameron School of Business launched the first stage of a Student Managed Investment Fund (SMIF) on Nov. 1. Provost Paul Hosier and Liz Hosier, manager of Application Services at UNCW, presented stock certificates to William Sackley, chair of the Department of Economics and Finance, to initiate the fund.
Prospective donors are encouraged to “spring clean” their investment portfolios, with the goal of donating odd-lot positions of stock that may have come about because of mergers, spin-offs, or stock dividends. Sackley explains, “These small holdings are often frustrating to investors from a record-keeping perspective. However, these odd-lots will be ideal for our students to learn fundamentals of investment analysis and portfolio construction. Donors also may receive a tax break for the full, appreciated value of the securities. The last two months of the year are excellent to implement tax strategies.”
The second and more formal stage of the SMIF is scheduled to begin spring semester 2007. The Computer Information Systems building, currently under construction on the UNCW campus, will house the CSB’s Department of Information Systems and Operations Management and also the Department of Computer Science in the College of Arts and Sciences. Among the synergies expected from the close association of the two departments is the jointly offered master’s degree in Computer Information Systems. Also housed in the CIS building will be a financial markets room. The room is designed for students to emulate or actually perform the trading of financial assets. Seating will accommodate 45 students, with dual plasma monitors on each desk and overhead information boards tracking the current market conditions.
“Other universities that have developed similar financial rooms have witnessed increased enthusiasm among students, combined with heightened interest from prospective employers who appreciate the combination of theoretical material and practical application. We expect the financial markets room to be a popular tool with which to better serve the needs of our students and regional business community,” says Sackley.
Larry Clark, dean of the Cameron School of Business, states, “Donors are currently being approached who, in return for providing financial assistance to fulfill our goals, will receive permanent naming rights for the financial markets room, as well as other forms of joint involvement with the business school.”
A portion of the funds associated with naming of the financial markets room will go toward the creation of a more formal SMIF. Whereas the goal of the first fund are to provide personal training in investment analysis, the second and probably larger fund will be managed by selected business students under the guidance of regular faculty members from the Department of Economics and Finance.
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In addition to donations of odd-lots of stock, donations to the SMIF can take the form of fixed-income securities or cash. For more information, please contact William Sackley at 910.962.3720 or via e-mail at sackleyw@uncw.edu. Donations should be made to the University Foundation, earmarked for the Student Managed Investment Fund.
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Paul Hosier, Liz Hosier and William Sackley
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