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Dear Friends of CSUN’s Nazarian College Graduate Programs,
Thank you for your interest in the investment outcomes realized by MBA students in the David Nazarian College of Business and Economics, charged with the management of a portion of the California State University, Northridge endowment. I have followed their strategies and results and am impressed, as I am confident you will be, with their ability to go head to head with (and often outperform) leading professional fund managers. Their finely tuned financial acumen stems from the opportunities they enjoy in the Nazarian College to receive instruction from internationally acclaimed faculty experts and top professionals, and to employ state-of-the-art analytical models and platforms.
CSUN’s Nazarian College MBA is included among U.S. News & World Report’s Best Part-time MBA Programs, the college is consistently named as a Best Business School by Princeton Review and as a leading school for financial planners by Financial Planning Magazine, its undergraduate accounting program is ranked third in the nation by CollegeChoice, and its accreditation by the premier accrediting organization AACSB International places it within the top five percent of global business-degree-granting institutions. Students are earning Bloomberg certification and receiving instruction in financial modeling at a level never before seen at CSUN.
I invite you to learn about the multiple ways in which you can engage with and support the efforts that underlie the growing contributions and impact of our students and alumni on our economy and society by visiting http://www.csun.edu/nazarian or emailing us at .
Kenneth R. Lord, Ph.D.
David Nazarian College of Business and Economics
FROM THE FACULTY ADVISOR
On behalf of the MBA Student Investment Management class of 2016 at California State University, Northridge, I am pleased to present the Academic Year 2015-16 Report.
The Student Investment Management class is one of the special opportunities for finance students at CSUN. In this class, students actively manage part of the university’s endowment, and through that, develop and sharpen their investing skills and knowledge. The class provides a number of other benefits to our students and the program such as, career opportunities for our students, closer ties to the financial community and increased awareness and brand name for our programs.
The students spent the first part of the semester acquiring the research tools and reviewing the existing portfolio, identifying over and underrepresented sectors, and familiarizing themselves with the capital markets’ conditions. Then they used stock screeners and thorough research to identify the stocks to be sold from, or added to, the portfolio. During the semester the students also went through rigorous and intensive training in equity valuation and portfolio management, based on topics covered in the CFA exams. 2015-16 was a challenging year for the financial markets around the world as well as the MBA Student Investment Fund. On May 31, the value of the portfolio was $912,808, compared to $935,967 a year earlier, a drop of around 2.5% compared to a loss of 0.5% for the S&P 500.
The class would like to thank Mrs. Debbie Simon, president of Simon Financial and Mr. Andrew Crowell, president of Crowell Weedon Asset Management, for sharing their knowledge and experiences with the class this year. The Report acknowledges the support of the University Corporation, the Dean and Graduate offices, and CSUN Marketing for editing the report.
Vicentiu Covrig , Ph.D., CFA