CNC Team Wins Portfolio Challenge
By 250 News
Thursday, April 03, 2008 03:50 AM
Brooke Campbell (centre), Vice President and Director, Corporate and Government Finance, Odlum Brown, congratulates CNC students Lyn Potts and Wayne King on their performance in the in BC Portfolio Management Challenge. Potts and King beat the S & P 500 index by 38% over a 4½ -month period, coming second in individual rankings in the province and fourth overall in the country.
The College of New Caledonia finished first overall in the province for this year’s BC Portfolio Management Challenge, beating teams from 13 BC universities and colleges, including UBC, SFU, and UNBC. During a time when the TSX went -10%, the CNC teams’ investment portfolio increased by an average of 35%. CNC’s Business Administration Program entered eleven teams into this year’s Challenge.
The portfolio simulation is organized each year by investment industry volunteers to give students the opportunity to learn how to manage their own portfolios.
In addition, the CNC team of Wayne King and Lyn Potts (shown below with Brooke Campbell of Odlum Brown) finished 2nd in the individual rankings in the province and 4th overall in the country. “It would have been nice to be the top investor, but it is a team event and we achieved what we set out to do,” noted Potts.
King added, “Our instructors, Marie Sinnott and John Shepherd, were fantastic for not just teaching the theory, but explaining and demonstrating how the theories apply to the real world.”
Thanks to an extremely qualified and engaged group of instructors, CNC is continually successful at provincial and national competitions. “One of the joys of teaching is the pleasure of working with a number of highly motivated and talented learners. They add to the classroom experience and motivate others to seek their dreams,” said John Shepherd, accounting instructor and organizer for the CNC teams.
Brooke Campbell, event organizer and Director and Vice President Corporate Finance of the investment firm Odlum Brown Limited (Vancouver), presented commendations to the CNC teams on Wednesday, April 2.
The CNC business program has produced thousands of graduates who have received a strong foundation and a breadth of skills, some of who have gone on to university or many who go directly into the work force.
Bill Farr, CNC’s Dean of Business, says, “We are proud of CNC's long tradition of achievement -- of both our students and our faculty. This latest success of our business students and sponsoring faculty now joins that proud tradition".
With campuses throughout north-central BC, the College of New Caledonia is the region’s only comprehensive post-secondary education provider and the first choice for university transfer arts & science, business, social & health sciences, technologies, trades and adult upgrading.
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Posted by: lostfaith on April 3 2008 12:55 PM
What??