Friday, January 29, 2010

Kelley students win National Collegiate Investment Competition

Representing the Kelley School of Business and the Undergraduate Investment Club, Chi Hoong Ng and Cham Lun Cheung won the National Collegiate Investment Competition. This is the second semester in a row that a Kelley team has won the national competition.

The contest is organized by Texas Christian University's Financial Management Association twice a year. Each semester, about 10 schools compete to see who can produce the best performance managing a virtual stock portfolio over the course of a semester using Investopedia.com.

"The objective of the competition is to find out which team is able to gain the most risk-adjusted return within a three-month period. Each team starts with $100,000. Our team managed to get first prize, which consists a $400 check to the club and a plaque," said team member Chi Hoong Ng.

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