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KHS grads attend investment competition in New York City

KINGSFORD – Kingsford High School graduates Derek Menard and Cory Sullivan attended a investment competition in New York City.

It’s been said the only thing more difficult than winning a championship, is repeating. That is exactly what an Applied Portfolio Management Program team from Michigan Technological University has done.

For the second year in a row, the School of Business and Economics’ APMP team won the global investment competition at the Global Asset Management Education (GAME) Forum V, hosted by Quinnipiac University in New York City. The event, held March 19-21, attracted more than 1,200 students from 140 colleges in 40 countries and 39 states.

The APMP sent three students to the competition, Cory Sullivan, who participated in the NASDAQ closing ceremony, Heath Johnson and Derek Menard.

The results of the team’s investments were impressive, according to Dean Johnson who is the James and Dolores Tretheway professor in the School of Business and Economics and the APMP’s founding director.

He added that what sets the competition apart is the fact the students are investing real money – a lot of real money.

“The team manages $1 million through the Michigan Tech Fund,” Johnson said. “These funds were explicitly donated to be managed by the students.”