The New Jersey City University Student Investment Management Team (SIM) to Ring The NASDAQ Stock Market Closing Bell
ADVISORY, May 16, 2013 (GLOBE NEWSWIRE) --
The New Jersey City University Student Investment Management Team (SIM) will visit the NASDAQ MarketSite in Times Square. The New Jersey City University Student Investment Management Team (SIM) was among six teams of finance students who distinguished themselves in the University of Dayton's 13th annual international student portfolio competition held on April 4-6. NJCU's SIM Team was awarded First Place for Growth Investment Style in the portfolio competition.
In honor of the occasion, NJCU President Sue Henderson, Faculty Advisory Dr. Bernard McSherry, and SIM Group President Andrew Armanus will ring the Closing Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Friday, May 17, 2013 – 3:45 p.m. to 4:00 p.m. ET
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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About The New Jersey City University Student Investment Management Team (SIM):
The New Jersey City University Student Investment Management Team is comprised of approximately 30 members of the Student Investment Management Group (SIM Group). Many of them are immigrants, hailing from places like Egypt, Mexico, Togo, India, and China. Most live in Hudson and Essex counties. We currently manage about $160,000 of real money and we have beaten the S&P 500 each year since inception (4 yrs). Last year our portfolio returned 18%.
Our group is organized into four investment teams, each headed by a portfolio manager supported by several analysts. Stocks are selected by the teams and presented to the larger group for approval prior to investment. Twice a year, our President and Vice-President prepare an economic outlook, and the Portfolio Managers adjust their sector weightings to match the expectations for the upcoming two quarters. It is a fairly simple approach to investing, one that is believed to be well-suited to our students skill set. We hold about 40 stocks in our portfolio. 100% equity, long only, benchmarked to the S&P 500.
About NASDAQ OMX Group:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond average speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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