BC Students Best Big East Foes in Stock Market Game

BC Students Best Big East Foes in Stock Market Game

A team of five Carroll School of Management seniors has won the 2001 Tucker Anthony Big East Investment Challenge, topping groups of fledgling investors from the 13 other conference schools in the annual stock market competition.

The winning BC team included Rachel Byars, an accounting major; Katherine Flynn, finance and marketing; Michael Naylor, finance; Robert Pease, finance and economics; and Shane Smith, finance and marketing.

In recognition of the team's victory in the competition, which ran from Oct. 26 through Feb.15, Boston College will receive a $30,000 scholarship grant from Tucker Anthony, the Wall Street investment firm that sponsors the annual event. Team members have been invited to receive the award at the Big East Basketball Championship Tournament finals in New York City on March 10.

Each team was given a hypothetical cash account of $250,000 to invest in a minimum of five stocks. Portfolios could be updated throughout the competition, but no more than 20 per cent of the holdings could be traded at any one time.

The Boston College team's market strategy produced a 3 percent "profit" for the student investors. No other team was able to show a gain in the four-month competition, including one group that lost more than 50 per cent of its start-up funds.

-Reid Oslin

 

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