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And the Winner of the Top Student-Run Investment Fund Is ...


And the Winner of the Top Student-Run Investment Fund Is ...

Photograph by Jin Lee/Bloomberg

Business students get a dose of real-world investing pressure each year in preparation for the University of Dayton’s investment competition. The contest pits student portfolio managers—some of whom are managing portions of their own universities’ endowments—against each other with the goal of honoring the year’s best-performing student-managed funds in six categories: alternative, balanced, core, fixed, growth, and value. Held in April, this year’s event featured such speakers as BlackRock (BLK) President Robert Kapito and Charles Evans, president of the Federal Reserve Bank of Chicago. Here are this year’s first, second, and third-place funds in each category.

Note: Portfolio values are as of Dec. 31, 2012. Risk-adjusted performance is based on the portfolio’s annual return and standard deviation.

ALTERNATIVE

First Place: University of Alabama at Birmingham

Fund: Green and Gold Fund

Value of Portfolio: $552,866

2012 Risk-Adjusted Performance: 6.31

Three Best Investments and 2012 Returns:

Bank of America (BAC), 100.71 percent

Altisource Portfolio Solutions (ASPS), 75.91 percent%

Sandstorm Gold (SAND), 64.23 percent

Three Worst Investments and 2012 Returns:

Occidental Petroleum (OXY), -20.72 percent

Market Vectors Gold Miners ETF (GDX), -18.98 percent

Amazon.com (AMZN), -5.15 percent

Second Place: University of Mount Union

Fund: Hillier Fund

Value of Portfolio: $97,234

2012 Risk-Adjusted Performance: 2.05

Three Best Investments and 2012 Returns:

MarkWest Energy Partners (MWE), 32.85 percent

Ford Motor (F), 31.54 percent

Qualcomm (QCOM), 24.23 percent

Three Worst Investments and 2012 Returns:

Hewlett-Packard (HPQ), -31.15 percent

Deere (DE), -6.66 percent

Illinois Tool Works (ITW), 5.86 percent

Third Place: University of Wisconsin, Milwaukee

Fund: UWM SIC Endowment

Value of Portfolio: $52,197

2012 Risk-Adjusted Performance: 1.7

Three Best Investments and 2012 Returns:

SodaStream (SODA), 40 percent

Oracle (ORCL), 31 percent

Apple (AAPL), 17 percent

Three Worst Investments and 2012 Returns:

Barrick Gold (ABX), -30 percent

Apache (APA), -14 percent

Silver ETF, -11 percent

BALANCED

First Place: Simon Fraser University

Fund: Student Investment Advisory Service

Value of Portfolio: $11,429,943

2012 Risk-Adjusted Performance: 5.67

Three Best Investments and 2012 Returns:

Agrium (AGU), 39 percent

Saputo (SAP), 31 percent

Onex  (OCX), 26 percent

Three Worst Investments and 2012 Returns:

Canadian Natural Resources (CNQ), -27 percent

Barrick Gold (ABX), -26 percent

Goldcorp (GG), -17 percent

Second Place: HEC Montréal

Fund: Standard Life-HEC Fund

Value of Portfolio: $4.6 million

2012 Risk-Adjusted Performance: 3.33

Three Best Investments and 2012 Returns:

Magna International (MG), 45.15 percent

Agrium (AGU), 43.05 percent

Dorel (DII/A), 40.35 percent

Three Worst Investments and 2012 Returns:

Thompson Creek Metals (TC), -40.73 percent

Barrick Gold (ABX), -26.59 percent

Cogeco Cable (CCA), -26.11 percent

Third Place: Michigan Technological University

Fund: Gold Fund

Value of Portfolio: $1.2 million

2012 Risk-Adjusted Performance: 3.11

Three Best Investments and 2012 Returns:

Pfizer (PFE), 15 percent

Diageo (DEO), 13 percent

American Greetings (AM), 12 percent

Three Worst Investments and 2012 Returns:

Gulf Island Fabrication (GIFI), -11 percent

Omega Protein (OME), -11 percent

IShares Barclays 1-3 Year Tr (SHY). 0 percent

CORE

First Place: Elizabethtown College

Fund: Trostle Investment Portfolio

Value of Portfolio: $255,256

2012 Risk-Adjusted Performance: 6.18

Three Best Investments and 2012 Returns:

Amgen (AMGN), 36.8 percent

General Electric (GE), 21.3 percent

Abbott Laboratories (ABT), 20.3 percent

Three Worst Investments and 2012 Returns:

Apple (AAPL), -11.6 percent

Procter & Gamble (PG), 5.3 percent

Coca-Cola (KO), 6.4 percent

Second Place: Ball State University

Fund: Ball State Foundation Large Cap Fund

Value of Portfolio: $589,391

2012 Risk-Adjusted Performance: 5.36

Three Best Investments and 2012 Returns:

Amazon.com (AMZN), 47.18 percent

Thermo Fisher Scientific (TMO), 41.83 percent

Travelers (TRV), 21.38 percent

Three Worst Investments and 2012 Returns:

Activision Blizzard (ATVI), -16.9 percent

Frontier Communications (FTR), -10.68 percent

Hewlett-Packard (HPQ), -7.93 percent

Third Place: Austin College

Fund: Todd A. Williams Student Managed Investment Fund

Value of Portfolio: $1.14 million

2012 Risk-Adjusted Performance: 5.22

Three Best Investments and 2012 Returns:

EBay (EBAY), 67.90 percent

NRG Energy (NRG), 26.79 percent

General Electric (GE), 17.15 percent

Three Worst Investments and 2012 Returns:

Apache (APA), -15.42 percent

UnitedHealth Group (UNH), -2.52 percent

AbbVie (ABBV), -2.39 percent

FIXED INCOME

First Place: Stetson University

Fund: Roland George Fixed Income

Value of Portfolio: $1.39 million

2012 Risk-Adjusted Performance: 8.81

Three Best Investments and 2012 Returns:

Telecom Italia 7.175% notes (TIT), 10.91 percent

Morgan Stanley 5.45% notes (MS), 8.37 percent

Genworth Financial 8.625% notes (GNW), 7.81 percent

Three Worst Investments and 2012 Returns:

Pimco Corporate ETF, 2.53 percent

Owens Corning 6.5% notes (OC), 2 percent

Icahn Enterprises 8% notes (IEP), 1.52 percent

Second Place: University of North Dakota

Fund: Stenehjm Bond Fund

Value of Portfolio: $176,075

2012 Risk-Adjusted Performance: 8.75

Three Best Investments and 2012 Returns:

Pimco High Yield Fund (PHDAX), 13.09 percent

Pimco Emerging Local Bond Fund (PELBX), 13.05 percent

Franklin High Yield Tax-Free Income Fund (FHYVX), 6.31 percent

Three Worst Investments and 2012 Returns:

Vanguard Intermediate-Term Investment Grade Fund (VFICX), 6.20 percent

Tax-Exempt Bond Fund of America (AFTFX), 5.93 percent

Northern Institutional Prime Obligations Portfolio (NPAXX), 0.10 percent

Third Place: University of North Dakota

Fund: Foley Bond Fund

Value of Portfolio: $178,655

2012 Risk-Adjusted Performance: 8.35

Three Best Investments and 2012 Returns:

Pimco High Yield Fund (PHDAX), 13.09 percent

Pimco Emerging Local Bond Fund (PELBX), 13.05 percent

Franklin High Yield Tax-Free Income Fund (FHYVX), 6.31 percent

Three Worst Investments and 2012 Returns:

Vanguard Intermediate-Term Investment Grade Fund (VFICX), 6.20 percent

Tax-Exempt Bond Fund of America (AFTFX), 5.93 percent

Northern Institutional Prime Obligations Portfolio (NPAXX), 0.10 percent

GROWTH

First Place: New Jersey City University

Fund: Student Investment Management Group

Value of Portfolio: $163,000

2012 Risk-Adjusted Performance: 6.52

Three Best Investments and 2012 Returns:

Lululemon Athletica (LLL), 63.37 percent

Genworth Financial (GNW), 37.30 percent

Apple (AAPL), 31.40 percent

Three Worst Investments and 2012 Returns:

Herbalife (HLF), -47.45 percent

Tronox (TROX), -21.94 percent

Coinstar (CSTR), -16.43 percent

Second Place: Stephen F. Austin State University

Fund: Mast Student Investment Roundtable Fund

Value of Portfolio: $420,062

2012 Risk-Adjusted Performance: 6.23

Three Best Investments and 2012 Returns:

Eastman Chemical (EMN), 52.9 percent

Discover Financial Services (DFS), 46.1 percent

MetroPCS (DTE), 44.27 percent

Three Worst Investments and 2012 Returns:

Cliffs Natural Resources (CLF), -36.32 percent

Wynn Resorts (WYNN), -7.3 percent

Microsoft (MSFT), -7.2 percent

Third Place: Eastern Illinois University

Fund: Student Managed Fund (FIN4220)

Value of Portfolio: $101,862

2012 Risk-Adjusted Performance: 5.40

Three Best Investments and 2012 Returns:

Gildan Activewear (GIL), 80.5 percent

Walt Disney (DIS), 34.8 percent

Apple (AAPL), 32.7 percent

Three Worst Investments and 2012 Returns:

Kohlberg Kravis Roberts (KKR), -21.4 percent

Buffalo Wild Wings (BWLD), -21.0 percent

Chesapeake Energy (CHK), -20.2 percent

VALUE

First Place: California State University, Northridge

Fund: Undergraduate Student Portfolio

Value of Portfolio: $1.86 million

2012 Risk-Adjusted Performance: 7.10

Three Best Investments and 2012 Returns:

Tata Motors (TTM), 72.63 percent

Monsanto (MON), 37.20 percent

JPMorgan Chase (JPM), 36.18 percent

Three Worst Investments and 2012 Returns:

Unitil (UTL), -3.88 percent

Bristol-Myers Squibb (BMY), -3.81 percent

SED International Holdings (SED), -2.45 percent

Second Place: James Madison University

Fund: Madison Investment Fund

Value of Portfolio: $168,500

2012 Risk-Adjusted Performance: 5.49

Three Best Investments and 2012 Returns:

Phillips 66 (PSX), 63.91 percent

Thermo Fisher Scientific (TMO), 43.16 percent

Walt Disney (DIS), 34.80 percent

Three Worst Investments and 2012 Returns:

Kohl’s (KSS), -10.50 percent

Amgen (AMGN), -4.26 percent

Hewlett-Packard (HPQ), -3.48 percent

Third Place: Belmont University

Fund: Belmont Equity Club Fund

Value of Portfolio: $409,796

2012 Risk-Adjusted Performance: 4.92

Three Best Investments and 2012 Returns:

Healthways (HWAY), 105.8 percent

RockTenn (RKT), 75.1 percent

Bank of America (BAC), 63.0 percent

Three Worst Investments and 2012 Returns:

Orthofix International (OFIX), -33.4 percent

Fortinet (FTNT), -28.2 percent

Logitech International (LOGI), -27.9 percent

Zlomek is a reporter for Bloomberg News in New York.

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