Green and Gold Fund is looking for Collat students to help manage their quotas. No market experience or courses are required to participate. Students interested in participating in the TVA Investment Challenge should contact Daniel Sanabria at dsanabria@uab.edu.
Author: Mia Watkins
Media contact: Savannah Coplon
The UAB Green and Gold Fund, an award-winning, student-managed investment portfolio of the University of Alabama at Birmingham Korat School of Business, received $500,000 from the Tennessee Valley Authority through the TVA Investment Challenge Program. This gift from TVA provides a real-world experience for Korat students who invest their funds on TVA’s behalf using long-term strategies learned in the classroom.
“This is a testament to the resources UAB and the Korat School of Business have provided to students,” said Daniel Sanabria, Green and Gold Fund Advisor and Financial Instructor. “When the TVA visited, they were very impressed not only with the resources available to students, but also with the students representing the Green and Gold Fund.”
Anthony Marino, chief investment officer of the Green and Gold Fund, explains that students will invest in the Challenge Fund using a top-down approach. From there, they invest their quota in domestic large-cap stocks, look at the economy, gauge the attractiveness of different sectors, and decide which companies in attractive sectors are worth investing in. The goal is for a student to determine which stocks outperform others and create a portfolio that outperforms his benchmark, the S&P 500 Total Return Index.
“This is a really great way for students to add value and hone their security analytics skills,” says Marino.
UAB is one of 25 universities participating in the TVA Investment Challenge Program. Since 1998, the student team has managed funds from TVA’s Asset Retirement Trust Fund as part of the organization’s larger mission to keep customer fees low. It is one of the largest student-managed investment programs in the United States.
Tammy Wilson, Vice President, Finance and Chief Risk Officer, TVA said: “What the students are doing is contributing to his TVA mission of providing low-cost, reliable electricity. We can do that, which keeps our fees low.”
In addition to bragging rights, the Green and Gold Fund will receive a portion of the profits above the benchmark, which can be used for scholarships, scholarships, or other resources for students.
Established in 1998, Green and Gold Fund enables undergraduate and graduate students to gain hands-on portfolio management and securities analysis experience by applying professional investment strategies and sound risk management principles. increase. The fund currently manages over $600,000 in assets in addition to the TVA Challenge Fund.
UAB’s participation in the TVA Investment Challenge Program is also an indicator of the continued strong relationship between TVA, Collat and Collat Career Center, said Collat Career Center’s Assistant Director of Employer Engagement. says Andreia Stechmann.
“We are excited to see another valuable experience come to fruition for our students as a result of this valuable partnership,” said Stechmann. “TVA’s investment in student success through the TVA Investment Challenge Program allows Collat students to stand out from their peers and expand their skill sets and knowledge as they enter the workforce and launch careers in the financial industry. We are grateful to have partnered with the business school and look forward to further developing this great partnership with TVA.”
