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.
- Chris Burns
Chartered Financial Analyst, Certified Public Accountant, Fixed Income Analyst
- Focuses on developing and implementing fixed income portfolio strategies.
- Responsible for establishing and implementing fixed income strategy for client portfolios.
- Generate economic and capital markets research.
- Trade investment grade fixed income securities including taxable and tax-exempt instruments utilizing Bloomberg, ECNs, and negotiated trading.
- 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 instructor.
- Decisions to buy, sell or hold are made by a vote of the students.
- Students report investment results to the WMU Foundation Investment Committee.