Center for Investment Research and Management

On June 2, 2003 Charles E. Babin, Executive Director of The Center for Investment Research and Management named the graduate student team, Baruch Associates, as the 2003 Center For Investment Research And Management Award recipient.

Infusing precious capital into a turbulent stock market is hazardous business, even in the best of times. Certainly the extraordinary events and market volatility surrounding the nation’s war with Iraq provided a challenging environment. Against this backdrop, Baruch Associate’s highly disciplined, opportunistic approach to funding the equity component of their balanced portfolio proved to be the distinguishing factor.

Indeed, Baruch’s dynamic funding approach earned an extraordinary return while controlling the risk of achieving it. Measured over the three-month interval ended April 30, the Baruch portfolio posted an impressive 8.3 percent total return versus 4.7 percent for its blended benchmark. What’s more, if exceptional tests prove the rule, the Baruch portfolio never suffered a monthly decline even though the February benchmark return was –1.6 percent. In short, cautious risk-taking succeeded in its mission.

Congratulations to Baruch’s investment team: Jordan A. Alexiev; Arthur J. Dembro; Daniel A. O’Neill; Swarna P. Parasuraman; Cory D. Perry and Maureen E. Quigley.