June 18, 2013
Vol. 19, No. 21
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Investing in Summer

Making decisions; making money. Left to right: Judy Isaacson, Mason McGrew, Troy Hecht, and Huihan Li.

While the campus was basking under a sunny 70 degree June day, many students, faculty, and staff were taking their time on their errands around campus. We've waited a long time for these days.

Not everyone was out for a stroll, however, a group of students was in their lab, doing research, planning for fall semester.

They were members of the Applied Portfolio Management Program and they had just divided their duties and began their plans for future presentations and competitions. And, they had a great new lab to work in: the LSGI Trading Room, courtesy of Joe '76 and Vickey Dancy.

They have a great reputation to live up to.

APMP teams have been champions in an international investment competition, in the value category, three times and have faired well many other times. This year they finished third.

This day, they were also learning their new roles. Mason McGrew was one of the team's accountants, and the fourth-year student from Houghton was ready to "keep the books, report the transactions, collect the data needed, and help decide what to work with."

Judy Isaacson, a fourth-year accounting major from Mohawk was the new advancement officer, developing and categorizing their potential resources, among other duties, while be her marching orders.

IT officer Troy Hecht, a fourth-year finance and accounting major from Vassar, was responsible for learning the ins and outs of the Bloomberg Machine, the $25,000 per year investment tool, that has helped propel the program, and the School, ahead of most other university investment programs.

Finally, trader Huihan Li, from Wuhan, China, was starting his fourth year in finance. He'll be scanning the trading information and informing advisor Dean Johnson, James '67 and Delores Trethewey APMP Professor.

"Summer is a key period of time for APMP students," says Johnson. "The money doesn't take the summer off, so neither can the students. They need to quickly master their roles within the program, manage the portfolio, and, most importantly, develop a new investment policy."

The Black Team (there is also a Gold Team) had just received some interesting news, too. Pfizer, which owned 80 per cent of an animal vaccine company, Zoetis, was going to offer shareholders a discount exchange: $100 worth of Pfizer for every $107 worth of Zoetis.

The Black Team was weighing its options, according to McGrew.

"We have to decide by June 19," Hecht says. "We don't think it fits our portfolio."

That portfolio is made up of seventeen stocks and one fund.

"The fund chooses the top 500 of what is doing well, holding their equity," McGrew adds.

Their next steps, before the fall, are many.

"We have to come up with an investment philosophy, strategies, and asset allocations," Hecht says. "We are revising the portfolio or modifying the existing one."

And as for the philosophy, they are reading books, contrasting philosophies, and coming up with a presentation later this summer.

They'll continue in the value category, Hecht says. "It's more of a long-term approach, not as much speculating."

As for their futures: Isaacson would like to be an auditor, maybe look for fraud; McGrew is thinking MBA, here or elsewhere; Hecht wants to do the master's in natural resource economics and work on the family farm, and Li also wants a master's degree, but in finance, "if my math and GPA are good enough."

Dennis '92 '09

At Tech

Blocking the Scent, Enjoying the Good Life: Hunting for a Living

Greg Sesselmann had an epiphany but was afraid to tell anyone. “I was the black sheep of the family,” he explains. “If somebody had spilled the milk, they’d all close their eyes and say, odds are, it was me.” His family of six Tech graduates (all with better GPAs) never heard this particular hare-brained idea, but when a co-worker did, she refused to leave him alone until he worked on it. “She pressured me to push that rock uphill,” Sesselmann said. More

Tech Students Help Patients in India Get a Leg Up

artificial leg
Taking another step toward making affordable and durable prosthetics available to India’s low-income population, a team of Michigan Tech senior design students have redesigned and cost-optimized a prosthetic knee. This year’s project advances the work of two previous senior design teams who have worked on the prosthetic knee. Each year, the teams have redesigned the prosthetic to make it cheaper and more functional. More

Fish Oil Lowers Stress Response

fish oil
Jason Carter, a researcher at Michigan Tech, conducted the study with 67 healthy volunteers who were either given nine grams of fish oil pills or nine grams of olive oil as a placebo, over a two-month period. They were screened for heart rate, blood pressure and other related metrics before and after the study. More

White-tailed Deer may be Ruining their own Winter Havens

New research from wildlife ecologists at Michigan Tech indicates that white-tailed deer may be making the soil in their preferred winter homes unfit to grow the very trees that protect them there. Bryan Murray, a PhD candidate at Michigan Tech, and two faculty members, Professor Christopher Webster and Assistant Professor Joseph Bump, studied the effects on soil of the nitrogen-rich waste that white-tailed deer leave among stands of eastern hemlock. . . More

Alumni Around the World

East Coast Happenings

AlexandriaAlexandria, VA
Nearly thirty alumni and friends ranging from the class of 1943 to the class of 2008 shared their Tech memories and their love for microbrew at the Port City Brewery tour and tasting on May 29.  Many thanks to Judy Swann ’83 and Pat Kilroy ’83 for helping with the event.

RalieighRaleigh, NC
On May 30, alumni and friends came out to enjoy the summer weather and learn more about brewing beer at the Lonerider Brewery tour and tasting.  Long lost classmates were connected and new friends were made during this fun event.

WilliamsburgWilliamsburg, VA
More than twenty alumni and friends gathered at the picturesque Williamsburg Winery on June 1 for a winery tour and tasting. Attendees at this popular event learned about the history of the vineyard and winemaking before a guided wine sampling.

DC/Baltimore Chapter Tigers Outing

alumniOn June 1, alumni and friends from the Washington DC/Baltimore Chapter enjoyed an afternoon at the ballpark. The group met for a pre-game social then cheered as the Detroit Tigers played the Baltimore Orioles. Many thanks to Chapter Leader Pat Kilroy ’83 for planning the event!

West Michigan Golf Outing

On Saturday, June 1, alumni and friends from the West Michigan Chapter participated in their Annual Scholarship Golf Outing! Many thanks to Brian Bueche ’79 for organizing the event and to Schmohz Brewing Co for providing samples of their crafted beers throughout the day. The photo is clickable.

Still Time to Give to the Tech Fund

As we near end of the 2012-13 fiscal year, we want to take a moment to remind our alumni and friends that there is still time to make an annual contribution in support of Michigan Tech – and place your name on the annual Honor Roll of Donors.

You can phone the Michigan Tech Fund at 906-487-2310 or toll-free at 877-386-3688 no later than 3:00 pm (EST) on June 28 to make your gift with a credit card.

You also have the option of making a credit card gift via Michigan Tech’s secure online gift page by going to www.mtu.edu/giving/. These online gifts can be made up until 11:55 (EST) on June 30 to ensure a 2012-13 contribution.

Save the Date for Alumni Reunion 2013, August 1–3!

2012 Pasty Picnic
Make plans to catch up with fellow alumni and rediscover campus during Alumni Reunion 2013. The featured groups for Reunion 2013 include the Class of 1963, 1973, 1983, 1988, 1993, 2003, the Golden M's (those who graduated fifty-plus years ago), and the Women of Michigan Tech.

A variety of activities for all ages will be offered including family activities, campus tours, seminars, pasty picnics, and much more!

For a preliminary schedule, lodging information, and to RSVP, please visit www.mtu.edu/reunion

Fill in the Blanks


Women in Engineering in DHH, 2006.

Recognize anyone?

It's clickable.

Email me.


1962 Ore Work

Don't know the professor or the students from this one.

Email me.

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Tech Sports

Han Joins Volleyball Staff

rec site
Michigan Tech head volleyball coach Matt Jennings announced the hiring of Douglas Han as an assistant coach. Han replaces Nicasio Paquiz Jr., who recently took the top assistant position at NCAA Div. I and Mid-America Athletic Conference member Eastern Michigan. More

Around the Keweenaw

Daily Mining Gazette | WLUC TV-6 | Marquette Mining Journal

From the Email Bag

The Saddest News

Marie Catrib
Marie received a thank-you gift from the West Michigan chapter in January.

We'll always remember Marie's smile, at the restaurant in Houghton and the one in Grand Rapids.

From MLive website:

Marie Catrib, the affable restaurateur whose popular eatery is a Grand Rapids mainstay, passed away Wednesday, a person close to the business confirmed. She was 65.

Known for her warm, inviting demeanor, Catrib had been battling cancer since being initially diagnosed in 2008. She had surgery and chemotherapy, but the cancer recurred.

Catrib, a native of Lebanon, owned and operated her eponymous restaurant in the city's East Hills neighborhood with her two sons, Fouad and Moussa.

She often could be seen milling around the crowded restaurant with a tray of baked good samples, chatting with customers and hugging friends. More

Photo ID, or Not

Blue Marble Security

Are you kidding! Those are women. We didn't see any of those (at least single) unless we went to NMU.

T. Duvendack, Forestry "72"


Left is Roy Thompson.

Best regards,
Matthew Baumann


Alumni Golf Outing

Football Alumni
We heard from the football alumni pictured here, attending an alumni golf outing in Green Bay in May.

We believe Coach Tom Kearly was also in attendance, but there were no scores posted. . .

From left to right: Alex Kowalski '01, Dave Paananen '01, Rob Scheel '01, Andy Storm '01, and Jeremy O'Connor '00.

Keweenaw Agate Shop

My folks owned the Agate Shop from 1956 to '72 or '73. Don Pearce from Eagle River then had it for a very brief time before Doc Berry bought it. We lived in Ahmeek during the winter and in the Harbor during the summer. I earned a good part of my Tech tuition working there.

Pat (Luoma) Ochodnicky '64

Harbor Run Review

Gay smokestack

Hi Dennis,
I really enjoyed your account of your recent Harbor “run”. I have to admit however, that for the first couple of paragraphs, I thought you were leaving Lake Linden for Gay on foot. My mistake. I forgot that run, as in a Broemer’s run (spelling?) meant something involving someone with a car making a quick trip for food or beverage. In any event, your article brought back fond memories of the Memorial Day Sig Ep outings held at Bete Grise, with kite flying, hot dogs and a quick dip in the "big lake." Thanks for the memories.

Mike Werner ‘68

Thanks, Mike. It's always a great day, when you get to go up the Keweenaw.

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License plate
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Don’t live in Michigan? Then you need a collector Michigan Tech license plate!

Whether you purchase a regular plate or collector plate, a portion of the purchase fee is given to the university.
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Job Opportunities

On Campus

Department of Humanities, Visiting Assistant Professor of Spanish and Portuguese

School of Business and Economics
Assistant or Associate Professor in Accounting
Assistant or Associate Professor in Finance
Assistant/Associate or Full Professor in Management Information Systems
Associate or Full Professor in Accounting

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Director, NCAA Compliance and Student-Athlete Services, General Athletics
Apply online at https://www.jobs.mtu.edu/postings/1023

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Apply online at https://www.jobs.mtu.edu/postings/1011

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Apply online at https://www.jobs.mtu.edu/postings/1016

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Complete Descriptions are available on the Human Resources website.

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Check out the Linked in group exclusively for Michigan Tech Alumni.

Also, visit the Career Tools web page for more options.