The Greenville College Management Department has won the First Annual St. Louis Collegiate Investment Management Contest. By winning this contest they received a check for $10,000, which is to be used for purposes selected by the Management Department.

The portfolio of stocks selected by Greenville College was up just over 40% during the 28 month contest. During this time the S&P 500 increased 26%, and the portfolios of the other contestants increased an average of just 17%.

The contest began December 1, 2004 and concluded March 31, 2007. Each college and university in the St. Louis area was invited to participate. Each school was asked to select a portfolio of 20 "value" stocks and was given one million hypothetical dollars to invest. An equal amount had to be invested in each stock and the portfolio could not be changed once the contest started. During the contest Greenville College's one million dollars grew to $1,404,000.

Dr. Ivan Filby, the head of the Management Department, stated, "We are so pleased. We have said repeatedly that the quality of the education that Greenville College offers rivals that of any school in this area. This win is just one more demonstration of that."

Dr. Larry Sayler teaches Greenville College's investment class and oversaw the selection of the winning portfolio. He said, "When this contest started I firmly believed we had a better than average chance of winning. We were up against some strong competition and we are were very fortunate to have won. Participating in this contest has been an excellent learning experience for our students."

Professor Sayler will be teaching Investments again this fall, on Tuesdays and Thursdays from 9:30 to 10:45. Non-traditional students are welcome to enroll in any GC course, and may do so by contacting the Registrar's Office. Professor Sayler said, "Anyone who successfully completes this course will have a thorough understanding of the stock market. I can't promise that every graduate of the course will do this well, but all students in the course should come away with the tools they need to help them construct a winning investment portfolio." The students in the class will also be involved in selecting the stocks for the next investment contest.

Two more contests are already under way. The Second Annual Collegiate Investment Management Contest began December 1, 2005 and will conclude March 31, 2008. The third contest began December 1, 2006 and will finish March 31, 2009. The fourth contest will begin December 1, 2007. The St. Louis Collegiate Investment Management Contest was organized by Principia College. UMB Bank, St. Louis, supervised the contest and determined the results.

CONTACT:
Dr. Larry Sayler
Associate Professor of Management
Tel: +1 (618)-664-6818
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