In only its second year of operation, the Student Investment Project at Georgetown College has again achieved excellent results. In order to give business students a unique opportunity for practical experience to complement theory, the college selects a group of students each year to invest a small portion of its endowment in equities of their own choosing.
Dr. Mary Ann Robinson, assistant professor of business administration and economics and project adviser, said that from Oct. 1, 1997, through May 4, 1998, the market value of the equity portfolio increased by 18 percent. The initial funding for the project in 1996 was $50,000 and the market price of the portfolio is now $73,525.
"This year's team has done an outstanding job of accessing and assessing company data," Robinson said. "The members worked diligently to build and manage a portfolio that took some hits during volatile market periods but still outperformed the market. This would not have been possible without the team's choices of some stellar performers."
One of the student investors, Goran Bajramovic, a senior from Georgetown, Ky., said the project was a valuable and interesting experience. "It enabled us to gain new insights into how to invest, work as a team, meet important people in business and intelligently track the market." A native of Croatia, Bajramovic redesigned the Georgetown College Web page, and is working on a Web page for the Student Investment Project. He also started his own individual equity portfolio in 1997.
Other members of the investment team for the 1997-98 academic year were seniors Heather Barger of Richmond, Ky., Shellie Dube of Florence, Ky., Ryan Pearson of Greenville, Ky., Lorane Roberts of Mayfield, Ky., Andrew Shrout of Sharpsburg, Ky., Julie Marra and Allison Martin, both of Louisville, Ky., and junior Robyn Keim of Delaware, Ohio.
To provide continuity, Martin and Keim have been selected to assist the 1998-99 team, Martin for the fall semester and Keim for the spring semester.
Students selected for the 1998-99 investment team are senior Shannon Ott of Louisville, Ky.; juniors Tamara Emery of Madisonville, Ky., Joe Guillory of Bowling Green, Ky., Emily May of Waynesburg, Ky., Tamara Page of Nortonville, Ky., and Ed Wimmer of Ft. Mitchell, Ky.; and sophomores Stephen Gardner of Cave City, Ky., and Jason Keith of London, Ky.
Before taking control of the portfolio for 1998-99, the new team will have a week-long orientation before school starts in the fall. It will be conducted by Sharon Bird, vice president-investments for the Lexington Investment Company of Lexington, Ky. Bird helped establish the investment program at Georgetown College. She is also a member of the Georgetown College Foundation Board, a group of business and professional leaders who have pledged to support the college's fundraising efforts.