Oakland U business students to manage $2M Kresge fund

The Detroit News

Rochester — Oakland University and the Kresge Foundation announced a $2 million student-managed investment fund Wednesday that will complement a new course in investment portfolio management.

In a news release, the university said the fund “has been carved out of the foundation’s $3.5 billion investment portfolio and is intended to provide real-world investment experience to OU undergraduates while exposing them to local career opportunities in investment management.”

The course, which began this fall, takes place in OU’s data analysis lab, which includes 10 dual-screen Bloomberg terminals and a up-to-the-second stock ticker.

Students will learn how to use the Bloomberg online trading system to study stock exchanges, bonds, currencies, commodities, futures, foreign exchange rates and individual stocks.

Class participants will research publicly-traded securities on the S&P 500 Index and make investment recommendations to an advisory board made up of investment professionals from Kresge and other Metro Detroit firms.

Rob Manilla, chief investment officer and vice president for Kresge, said the student-managed fund is meant to help build a pipeline of candidates for local investment jobs.

“The curriculum and hands-on experience offered in this class will better prepare OU graduates for the job market,” he said.

Students will track the investment portfolio and recommend that Kresge buy, sell or hold the stocks they selected, depending on performance.

“The collaboration with Kresge will allow us to provide Oakland business students with an outstanding real-world experience,” said Michael Mazzeo, dean of OU’s business school.