RIC gets $100,000 for student-managed fund

PROVIDENCE – A member of Rhode Island College’s Class of 1989, who wishes to remain anonymous, has donated $100,000 to establish a student-managed investment fund and class, the school said.

The donation, made in December, ultimately will benefit RIC’s School of Management. The money will establish a course in which a team of four to six students will learn short-term and long-term investment strategies, asset allocation and portfolio rebalancing, using U.S. and foreign securities and derivatives. The fund will start at about 65 percent U.S. equities, 20 percent bonds and 15 percent international stocks and derivatives.

“This is not a simulation exercise,” said Jeffrey Blais, a RIC professor of economics. “The students will be working with real dollars.” The fund’s income will be used for research materials, speaker fees, professional memberships and program announcements, he said.

Abbas Kazemi, a RIC finance professor who is to teach the course this fall, said the hands-on experience will better position students for the job market.

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The program is open to junior and senior finance majors, who will be selected by the faculty. Applicants are now being accepted for the fall semester. For more information, contact Jeffrey Blais at 456-8416 or jblais@ric.edu.

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