HIGH POINT, N.C., Feb. 11, 2011 – The Floyd T. Craven Investment Club at High Point University recently received funding to start a second investment portfolio. Compared to the first portfolio which is based on core holdings, this new portfolio is more actively managed and club members are able to make trades on a daily basis.
“The real strength of the club is that you have students teaching students,” says Steve Lifland, associate professor of finance at HPU and Investment Club faculty supervisor. “They are ultimately in charge of the decision as to what to buy and what to sell and then to track the decisions in their twice-weekly membership meetings.”
The club, which is a student-run organization, regularly analyzes, reviews, and trades stocks and other investments. Any HPU student who is a member of the Business School Association (BSA) is welcome to participate. While membership is not dependent upon prior experience, an interest in investing is key.
“We employ an on-line broker, pay brokerage commissions, and track the portfolio to determine whether to buy, hold, or sell the stocks,” says club president Matt Schiffer.
The Floyd T. Craven Investment Club at High Point University was created in 1998. The first portfolio was originally funded with a $100,000 gift from HPU alumnus James E. Foscue in honor of his accountant, Floyd T. Craven, who is also an alumnus of HPU.
At High Point University, every student receives an extraordinary education in an inspiring environment with caring people. HPU, located in the Piedmont Triad region of North Carolina, is a liberal arts institution with over 4,200 undergraduate and graduate students from 51 countries and 46 states at campuses in High Point and Winston-Salem. It is ranked by US News and World Report at No. 3 among Regional Colleges in the South. Forbes.com ranks HPU in the top 7 percent among “America’s Best Colleges.” Parade Magazine lists HPU in the top 25 private schools in the nation. The university offers 50 undergraduate majors, 42 undergraduate minors and seven graduate degree programs. It is accredited by the Commission of Colleges of the Southern Association of Colleges and Schools, and is a member of the NCAA, Division I and the Big South Conference. Visit High Point University on the Web at highpoint.edu.
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