Concordia's Thursday Report

Vol. 28, No.14

April 22, 2004


JMSB group wins in U.S.


The Kenneth Woods Portfolio Management Program (KWPMP) Class of 2004 placed first in a competition recently at the University of Dayton, Ohio.

They were best in Undergraduate Division “Value Style Equity Portfolio” category at the Annual Redefining Investment Strategy Education (R.I.S.E.) Symposium portfolio competition.

There were over 30 U.S. and Canadian business schools in the student-managed portfolios competition, with seven in the category won by the group from Concordia’s John Molson School of Business.

The KWPMP portfolio had a risk-adjusted return of 13.73 per cent in 2003.

The Kenneth Woods Portfolio Management Program was founded by MBA alumnus Kenneth Woods in 1999 to train a select group of undergraduate students in investment management. The portfolio is currently valued at over $1,000,000 in assets.

Four members each from the KWPMP class of 2004 and 2005 attended the three-day R.I.S.E. Symposium in Dayton, together with Kenneth Woods.

Key speakers included senior strategists, economists, and chairmen from some of the largest global financial institutions. A special presentation was given by the president and CEO of the Federal Reserve Bank of Chicago, Michael H. Moskow.