UNCW students to be in control of $1 million | StarNewsOnline.com | Star-News | Wilmington, NC

UNCW students to be in control of $1 million |
StarNewsOnline.com | Star-News | Wilmington, NC:

"BB&T Corp., based in Winston-Salem, recently agreed to donate more than $1 million to the University of North Carolina Wilmington, creating an investment fund that will be managed by some of its top finance and MBA students.

Proceeds will pay for a lecture series on global capitalism as well as research on corporate ethics.

'It's real,' McDonald said. 'That's what's so great about this fund. I'm sure there's going to be no slackers in that program.'

Student-managed investment funds are widespread, but Larry Clark, dean of the Cameron School of Business, said he didn't know of another so large at a public school of UNCW's status. BB&T will submit the gift in five annual installments of $207,500 starting this October.

The amount means students will have the chance to invest in a wide range of stocks, bonds and other markets, UNCW officials said.

'It's an incredible opportunity,' Clark said."

Since I will be teaching SIMM next year I have been paying much more to Student managed funds. SBU's will have about $142,000 so if you are around and want to get some hands on experience, sign up for the class!