WMU students manage portfolio of real money
Beginning in 2009, the Western Michigan University Foundation selected the class as a large cap manager of $500,000 of WMU Foundation Funds. With hands-on training, initial project has evolved into a great opportunity for students to gain real-world experience.
To participate students must submit an application for this class. All applications are reviewed by a committee for consideration.
- Manage a portfolio of approximately $700,000 of WMU Foundation money.
- Get hands-on experience in fundamental research and money management.
- Past participants are enthusiastic about their experience and employers are impressed.
- Available to undergraduate and graduate students for credit (three credit hours).
- Undergrad prerequisite is FIN 3510. Students are encouraged to take FIN 4530.
- Graduate student prerequisite is FIN 6120 along with a finance concentration.
- Enrollment limited to 10 to 15 students.
- Students encouraged to take class for two or more semesters.
- Admission to the course is by application only.
- Performance in previous coursework and statement of professional goals are considered for admission.
- David Mange
CFA, vice president and senior research analyst
- Mange joined Greenleaf Trust in 2001.
- Director of fixed income strategy since 2005.
- Current lead equity analyst for energy, utility and health care sectors, multi-cap with S&P1500 benchmark.
- Chartered Financial Analyst.
- More than 20 years of experience in the financial industry.
- Students conduct fundamental analysis and write research reports on various investments, making recommendations to buy, sell or hold.
- Students present their research to their classmates and their professor.
- Decisions to buy, sell or hold are made by a vote of the students.
- Students report investment results to the WMU Foundation Investment Committee.