Understanding how to be a good investor makes you a better business manager and vice versa. —Charlie Munger
Fast Facts
- Students manage over $1 million of actual money, which is one of the largest undergraduate investment funds in the nation.
- Michigan Tech teams have won the R.I.S.E. global investment competition 3 out of last 9 years in Dayton, Ohio.
- The NASDAQ Stock Exchange was opened and closed remotely from Dayton, OH during one of the R.I.S.E. competitions by APMP students
- The program has been featured on CNBC four times and BusinessWeek twice.
Applied Portfolio Management Program Description
The Applied Portfolio Management Program (APMP) provides the opportunity for students to manage an investment portfolio comprised of funds provided by the Michigan Tech Endowment fund as well as other generous donors. Started in 1998, APMP enjoys the support of many firms, the University, The School of Business and Economics, and the School of Business and Economics Dean's Advisory Council.
APMP annually selects students with demonstrated aptitude and leadership skills in the area of finance and financial economic theory, to manage the portfolio over the next academic year.
During the first month of the academic year, these students form an investment team, develop an investment philosophy and strategy, and prepare a presentation to the APMP Advisory Board. After gaining approval, the students implement their strategy in the financial markets. The students generate buy reports on securities, and distribute monthly reports to the Advisory Board.