Ilitch School announces winners of fall 2020 SMIF Stock Pitch Competition
Teams of finance students from the Wayne State University Mike Ilitch School of Business competed for the coveted Kresge Foundation Investment Award at the school’s fall 2020 Student-Managed Investment Fund (SMIF) Stock Pitch Competition. This semester’s competition was conducted virtually via Microsoft Teams on December 9.
The team of Kyle Burley and Christopher Housel took top honors for their winning presentation of Digital Realty Trust to the SMIF Advisory Board. Additional honors also go to the team of Devin Cragin, Nabeel Rivzi and Wolfgang Lohrer for their presentation on Texas Instruments, which was the student choice to add to the portfolio this semester.
The competition culminated student participation in a finance course designed to teach the essentials of portfolio management and stock evaluation and selection. The course (FIN 5220 and FIN 7990) was created in 2015 with seed funding from Fifth Third Bank and complements a $2 million student-managed investment fund that was established by Kresge’s Investment Office in 2018. The fund has since grown to approximately $2.8 million.
The online event was hosted by course instructor Sam Levine and attended by members of the SMIF Advisory Board and additional Kresge Foundation staff.