Crain's, WXYZ: Wayne State students to manage $2 million in investments
The Kresge Foundation and Wayne State University officials announced a $2 million student-managed investment fund that complements a course designed to teach students the essentials of portfolio management and stock evaluation and selection. The fund is intended to provide real-world investment experience to Wayne State business school undergraduates while exposing them to local career opportunities in investment management. Students will manage the fund out of the new building for the Mike Ilitch School of Business when it opens for classes in the fall. The fund will be run by undergraduate students in the school's "Portfolio Management" course under the direction of Brandon Tasco, an investment professional at DTE Energy and an adjunct faculty member in the Ilitch School's Department of Finance. Students will monitor the portfolio throughout the semester and make buy, sell and hold recommendations to Kresge based on the performance of their selected stocks. “This collaboration with Kresge will allow us to provide our students with an outstanding real-world experience. The challenging curriculum will combine the very best blend of investment and portfolio management theory with the experience of working as a member of an investment team,” said Robert Forsythe, dean of the Mike Ilitch School of Business.