B-School Life

And the Winner of the Top Student-Run Investment Fund Is ...


And the Winner of the Top Student-Run Investment Fund Is ...

Photograph by Jin Lee/Bloomberg

Business students get a dose of real-world investing pressure each year in preparation for the University of Dayton’s investment competition. The contest pits student portfolio managers—some of whom are managing portions of their own universities’ endowments—against each other with the goal of honoring the year’s best-performing student-managed funds in six categories: alternative, balanced, core, fixed, growth, and value. Held in April, this year’s event featured such speakers as BlackRock (BLK) President Robert Kapito and Charles Evans, president of the Federal Reserve Bank of Chicago. Here are this year’s first, second, and third-place funds in each category.

Note: Portfolio values are as of Dec. 31, 2012. Risk-adjusted performance is based on the portfolio’s annual return and standard deviation.

ALTERNATIVE

First Place: University of Alabama at Birmingham

Fund: Green and Gold Fund
Value of Portfolio: $552,866
2012 Risk-Adjusted Performance: 6.31

Three Best Investments and 2012 Returns:

Bank of America (BAC), 100.71 percent
Altisource Portfolio Solutions (ASPS), 75.91 percent%
Sandstorm Gold (SAND), 64.23 percent

Three Worst Investments and 2012 Returns:

Occidental Petroleum (OXY), -20.72 percent
Market Vectors Gold Miners ETF (GDX), -18.98 percent
Amazon.com (AMZN), -5.15 percent

Second Place: University of Mount Union

Fund: Hillier Fund
Value of Portfolio: $97,234
2012 Risk-Adjusted Performance: 2.05

Three Best Investments and 2012 Returns:

MarkWest Energy Partners (MWE), 32.85 percent
Ford Motor (F), 31.54 percent
Qualcomm (QCOM), 24.23 percent

Three Worst Investments and 2012 Returns:

Hewlett-Packard (HPQ), -31.15 percent
Deere (DE), -6.66 percent
Illinois Tool Works (ITW), 5.86 percent

Third Place: University of Wisconsin, Milwaukee

Fund: UWM SIC Endowment
Value of Portfolio: $52,197
2012 Risk-Adjusted Performance: 1.7

Three Best Investments and 2012 Returns:

SodaStream (SODA), 40 percent
Oracle (ORCL), 31 percent
Apple (AAPL), 17 percent

Three Worst Investments and 2012 Returns:

Barrick Gold (ABX), -30 percent
Apache (APA), -14 percent
Silver ETF, -11 percent

BALANCED

First Place: Simon Fraser University

Fund: Student Investment Advisory Service
Value of Portfolio: $11,429,943
2012 Risk-Adjusted Performance: 5.67

Three Best Investments and 2012 Returns:

Agrium (AGU), 39 percent
Saputo (SAP), 31 percent
Onex  (OCX), 26 percent

Three Worst Investments and 2012 Returns:

Canadian Natural Resources (CNQ), -27 percent
Barrick Gold (ABX), -26 percent
Goldcorp (GG), -17 percent

Second Place: HEC Montréal

Fund: Standard Life-HEC Fund
Value of Portfolio: $4.6 million
2012 Risk-Adjusted Performance: 3.33

Three Best Investments and 2012 Returns:

Magna International (MG), 45.15 percent
Agrium (AGU), 43.05 percent
Dorel (DII/A), 40.35 percent

Three Worst Investments and 2012 Returns:

Thompson Creek Metals (TC), -40.73 percent
Barrick Gold (ABX), -26.59 percent
Cogeco Cable (CCA), -26.11 percent

Third Place: Michigan Technological University

Fund: Gold Fund
Value of Portfolio: $1.2 million
2012 Risk-Adjusted Performance: 3.11

Three Best Investments and 2012 Returns:

Pfizer (PFE), 15 percent
Diageo (DEO), 13 percent
American Greetings (AM), 12 percent

Three Worst Investments and 2012 Returns:

Gulf Island Fabrication (GIFI), -11 percent
Omega Protein (OME), -11 percent
IShares Barclays 1-3 Year Tr (SHY). 0 percent

CORE

First Place: Elizabethtown College

Fund: Trostle Investment Portfolio
Value of Portfolio: $255,256
2012 Risk-Adjusted Performance: 6.18

Three Best Investments and 2012 Returns:

Amgen (AMGN), 36.8 percent
General Electric (GE), 21.3 percent
Abbott Laboratories (ABT), 20.3 percent

Three Worst Investments and 2012 Returns:

Apple (AAPL), -11.6 percent
Procter & Gamble (PG), 5.3 percent
Coca-Cola (KO), 6.4 percent

Second Place: Ball State University

Fund: Ball State Foundation Large Cap Fund
Value of Portfolio: $589,391
2012 Risk-Adjusted Performance: 5.36

Three Best Investments and 2012 Returns:

Amazon.com (AMZN), 47.18 percent
Thermo Fisher Scientific (TMO), 41.83 percent
Travelers (TRV), 21.38 percent

Three Worst Investments and 2012 Returns:

Activision Blizzard (ATVI), -16.9 percent
Frontier Communications (FTR), -10.68 percent
Hewlett-Packard (HPQ), -7.93 percent

Third Place: Austin College

Fund: Todd A. Williams Student Managed Investment Fund
Value of Portfolio: $1.14 million
2012 Risk-Adjusted Performance: 5.22

Three Best Investments and 2012 Returns:

EBay (EBAY), 67.90 percent
NRG Energy (NRG), 26.79 percent
General Electric (GE), 17.15 percent

Three Worst Investments and 2012 Returns:

Apache (APA), -15.42 percent
UnitedHealth Group (UNH), -2.52 percent
AbbVie (ABBV), -2.39 percent

FIXED INCOME

First Place: Stetson University

Fund: Roland George Fixed Income
Value of Portfolio: $1.39 million
2012 Risk-Adjusted Performance: 8.81

Three Best Investments and 2012 Returns:

Telecom Italia 7.175% notes (TIT), 10.91 percent
Morgan Stanley 5.45% notes (MS), 8.37 percent
Genworth Financial 8.625% notes (GNW), 7.81 percent

Three Worst Investments and 2012 Returns:

Pimco Corporate ETF, 2.53 percent
Owens Corning 6.5% notes (OC), 2 percent
Icahn Enterprises 8% notes (IEP), 1.52 percent

Second Place: University of North Dakota

Fund: Stenehjm Bond Fund
Value of Portfolio: $176,075
2012 Risk-Adjusted Performance: 8.75

Three Best Investments and 2012 Returns:

Pimco High Yield Fund (PHDAX), 13.09 percent
Pimco Emerging Local Bond Fund (PELBX), 13.05 percent
Franklin High Yield Tax-Free Income Fund (FHYVX), 6.31 percent

Three Worst Investments and 2012 Returns:

Vanguard Intermediate-Term Investment Grade Fund (VFICX), 6.20 percent
Tax-Exempt Bond Fund of America (AFTFX), 5.93 percent
Northern Institutional Prime Obligations Portfolio (NPAXX), 0.10 percent

Third Place: University of North Dakota

Fund: Foley Bond Fund
Value of Portfolio: $178,655
2012 Risk-Adjusted Performance: 8.35

Three Best Investments and 2012 Returns:

Pimco High Yield Fund (PHDAX), 13.09 percent
Pimco Emerging Local Bond Fund (PELBX), 13.05 percent
Franklin High Yield Tax-Free Income Fund (FHYVX), 6.31 percent

Three Worst Investments and 2012 Returns:

Vanguard Intermediate-Term Investment Grade Fund (VFICX), 6.20 percent
Tax-Exempt Bond Fund of America (AFTFX), 5.93 percent
Northern Institutional Prime Obligations Portfolio (NPAXX), 0.10 percent

GROWTH

First Place: New Jersey City University

Fund: Student Investment Management Group
Value of Portfolio: $163,000
2012 Risk-Adjusted Performance: 6.52

Three Best Investments and 2012 Returns:

Lululemon Athletica (LLL), 63.37 percent
Genworth Financial (GNW), 37.30 percent
Apple (AAPL), 31.40 percent

Three Worst Investments and 2012 Returns:

Herbalife (HLF), -47.45 percent
Tronox (TROX), -21.94 percent
Coinstar (CSTR), -16.43 percent

Second Place: Stephen F. Austin State University

Fund: Mast Student Investment Roundtable Fund
Value of Portfolio: $420,062
2012 Risk-Adjusted Performance: 6.23

Three Best Investments and 2012 Returns:

Eastman Chemical (EMN), 52.9 percent
Discover Financial Services (DFS), 46.1 percent
MetroPCS (DTE), 44.27 percent

Three Worst Investments and 2012 Returns:

Cliffs Natural Resources (CLF), -36.32 percent
Wynn Resorts (WYNN), -7.3 percent
Microsoft (MSFT), -7.2 percent

Third Place: Eastern Illinois University

Fund: Student Managed Fund (FIN4220)
Value of Portfolio: $101,862
2012 Risk-Adjusted Performance: 5.40

Three Best Investments and 2012 Returns:

Gildan Activewear (GIL), 80.5 percent
Walt Disney (DIS), 34.8 percent
Apple (AAPL), 32.7 percent

Three Worst Investments and 2012 Returns:

Kohlberg Kravis Roberts (KKR), -21.4 percent
Buffalo Wild Wings (BWLD), -21.0 percent
Chesapeake Energy (CHK), -20.2 percent

VALUE

First Place: California State University, Northridge

Fund: Undergraduate Student Portfolio
Value of Portfolio: $1.86 million
2012 Risk-Adjusted Performance: 7.10

Three Best Investments and 2012 Returns:

Tata Motors (TTM), 72.63 percent
Monsanto (MON), 37.20 percent
JPMorgan Chase (JPM), 36.18 percent

Three Worst Investments and 2012 Returns:

Unitil (UTL), -3.88 percent
Bristol-Myers Squibb (BMY), -3.81 percent
SED International Holdings (SED), -2.45 percent

Second Place: James Madison University

Fund: Madison Investment Fund
Value of Portfolio: $168,500
2012 Risk-Adjusted Performance: 5.49

Three Best Investments and 2012 Returns:

Phillips 66 (PSX), 63.91 percent
Thermo Fisher Scientific (TMO), 43.16 percent
Walt Disney (DIS), 34.80 percent

Three Worst Investments and 2012 Returns:

Kohl’s (KSS), -10.50 percent
Amgen (AMGN), -4.26 percent
Hewlett-Packard (HPQ), -3.48 percent

Third Place: Belmont University

Fund: Belmont Equity Club Fund
Value of Portfolio: $409,796
2012 Risk-Adjusted Performance: 4.92

Three Best Investments and 2012 Returns:

Healthways (HWAY), 105.8 percent
RockTenn (RKT), 75.1 percent
Bank of America (BAC), 63.0 percent

Three Worst Investments and 2012 Returns:

Orthofix International (OFIX), -33.4 percent
Fortinet (FTNT), -28.2 percent
Logitech International (LOGI), -27.9 percent

Zlomek is a reporter for Bloomberg News in New York.

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