ATHENS, Ohio (June 5, 2006) -- At the Annual Finance Banquet this month, four members of the Ohio University Student Equity Management Group (OUSEMG) received high recognition and special awards for outstanding academic activities, service to fellow students and other significant achievements.
"The difference between the members of this group and other students is that these students truly want to learn everything they can about the professional aspects of investment analysis," said OUSEMG Advisor Natalie Chieffe. "These students find time to read numerous material including graduate level investment books, they take turns presenting new information to each other and have tried to take as many finances courses as they can."
Board Member Tyson Vines received The Undergraduate Finance Student of the Year Award recognizing his three year service to OUSEMG, 4.0 grade point average, activeness in multiple organizations, willingness to help other students and participation in his classes throughout school.
Senior Head Analyst for OUSEMG and President of the Finance Management Association Joseph Allio received the Chairmen's Distinguished Service Award given by Finance Associate Dean and Chair Nanda Rangan. Allio's dedication and service to both organizations illustrates his excellence within the finance major and also in professional relations and alumni donation promotion.
Head Analyst Arlene Terbrack was given The Holden Risk Management Award, an award that recognizes a College of Business student who displays academic achievement and who wishes to pursue a career in actuarial science. She has two majors, one is Finance and the other is Actuarial Science.
Junior Analyst Dawn Wojnarowski was one of five juniors honored by the Financial Executive Institute (FEI) Academic Recognition Award. Her nomination was based on her academic achievement, community service and faculty recommendations. She received this award for her high grade point average and her service to OUSEMG for two years. The 30 students in OUSEMG have proven their intelligence and are at the top of their classes. They also display a distinct financial investing expertise.
"The best experience I have received has been from mentoring the younger members and learning from others in the group these past years since it is student run. I have been taught different perspectives of the financial markets that are not provided during classes," Allio said.
The students of OUSEMG balance their outstanding academic standings with time spent researching investments. They do not receive credit or compensation for their work with the group.
"We all get paid with professional experience," Vines said. "We have all gotten jobs from the experience we have received in this group, great friendships have formed as a result and the leadership skills obtained is enough payment."
Graduates from the group are recruited by top financial firms in Cleveland, Chicago, Charlotte, New York and more. They successfully compete against students from some of the top universities and business schools in the nation.
Students apply to OUSEMG by completing a research task for the group, submitting several mandatory essays and providing a list of their academic performance. Based on the completed applications, the OUSEMG board members invite candidates to participate in interviews. Once initiated, students seek benefits of learning advanced equity research methodologies and obtaining access to high-end investment tools for their future careers.
OUSEMG has been responsible for managing and investing endowment funds since March of 2002. Its goal is to provide the university strong returns to fund scholarships, chairs and professorships, building renovations and other special projects. The success of this program and the profit the group has generated for the foundation is an estimated $1.2 million. This is directly attributable to the quality of work put out by each member and they have outperformed the broader equity market by 31.40 percent to-date.
OUSEMG received an increased allocation of $1 million last spring from its initial $100,000 in seed capital. The Ohio University Foundation has approved another $1 million to establish a second student investment group called Ohio University Student Fixed-Income Management Group.
"The current group analyzes a company's earnings and growth prospects before they buy its stock," said Chieffe. "The new group will only invest in fixed income securities and study a company's debt and credit worthiness, along with expected changes in interest rates before they buy its bonds."
The two groups will not compete with each other because they are different types of securities. Analysts either work with stocks or bonds.
Ohio University Student Fixed Income Management Group started investing fall quarter of this year. Finance professor Andrew Prevost will be advising this new group.
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Media Contact: Head Analyst Ohio University Equity Management Group Joseph Allio, (330) 310-5258 or firstname.lastname@example.org, or Communication and Marketing Assistant Nicole Glazer, (740) 597-2938, or email@example.com