CSUF News Service
Finance Students Donate Investment Earnings to Support Tutoring Center
March 14, 2014
Fourteen Mihaylo College of Business and Economics finance students have been managing a $200,000 investment portfolio as a real-world exercise in applied analysis.
The select group is finishing up a two-semester-long Applied Securities Analysis Program (ASAP) program directed by Michael Milligan, a lecturer in finance.
Since late last summer, two teams of seven students have been analyzing businesses and managing the stocks within their assigned portfolios. The funds they work with are real — about $200,000 contributed by donors, including a $100,000 gift from alumnus Jeff Van Harte '80 (B.A. business administration-finance), chief investment officer with Delaware Investments.
"When the academic world can provide experiential learning," Van Harte explained, "it is highly valuable. As a result of this program, students are competing more effectively for job opportunities in the finance and investment industries because of the knowledge and experience they have gained."
"This is an outstanding example of our alumnus and business leader being a catalyst for an innovative program and also providing the support to make it a truly distinctive offering of the Mihaylo College," said Anil Puri, dean of the college. "The program's placement success of graduates among very top firms in the nation exemplifies the commitment that our faculty and board of advisers bring to the ASAP program."
"The words 'Titans Reach Higher' aptly describe the leadership of alumni like Jeff Van Harte, and we appreciate his continuing and creative engagement in the mission of his alma mater," said CSUF President Mildred García.
Last month, Milligan and students in the program made a presentation to the University's Philanthropic Foundation Board about the program and donated $5,000 of the program's earnings to Mihaylo College's Tutoring Center.
"My students take this responsibility very seriously," said Milligan. "They are proud that they can give back to the university."