BMC Team Takes Third Place in Finance Competition

Posted May 1st, 2014 at 1:56 pm.

Adirondack Fund Partner Steve Gonick and Bryn Mawr students Kathy Guo, Dingwei Li, Nkiruka Anizoba, and Yannan Li.

Adirondack Fund Partner Steve Gonick and Bryn Mawr students Kathy Guo, Dingwei Li, Nkiruka Anizoba, and Yannan Li.

A team of seven Bryn Mawr students has earned third place in the 2014 Adirondack Cup, a competition during which college teams competed against each other over six months to build and grow a small cap portfolio of stocks.

The Bryn Mawr team was made up of Dingwei Li ’15, Class of 2016 members Bryce Lewis and Yannan Li, and Class of 2014 members Ivy Gluck, Siyue Guo, Nkiruka Anizoba, and Erin Wilder. All the team members are also members of the Owl Investment Group.

The competition is sponsored by The Adirondack Small Cap Fund, an owner-operated, no load mutual fund managed by Adirondack Research and Management.

On Monday, April 28, Adirondack Fund partner Steve Gonick visited campus to meet the Bryn Mawr team and present them with their trophy.

“It was wonderful to have Bryn Mawr in this competition for two reasons,” said Gonick. “First, it is fun for us at Adirondack Funds to see how a school with economics program can perform against the schools that are known for their on finance programs. Bryn Mawr’s third place finish proved that there are many ways to be successful in the stock market. I was also impressed, but not surprised, that a female-only team could prosper in the competition. Wall Street is in great need of better female representation. The students on the Bryn Mawr team illustrated clearly they are ready to step up and add their unique perspective in a male-dominated field.”

Students from 18 colleges and universities across the Northeast participated in the competition, managing a hypothetical small cap portfolio of stocks valued at $1 million. The goals of the competition, which is in its third year, are to teach students the difference between trading stocks and thinking through their investment decisions for the long term and to help them make appropriate connections in the financial services sector as they prepare to enter the job market.

Bryn Mawr College had a return of 14.01 percent on its portfolio. First place St. Lawrence had a 27.54 percent return and second place Ithaca had a return of 15.33 percent. Rounding out the top five, Saunders College of Business at Rochester Institute of Technology had a return of 7.79 percent and the State University of New York at Geneseo had a return of 7.03 percent. The Russell 2000 Index, which measures the performance of small cap stocks in the U.S., had a return of 3.15 percent for the period.

The other colleges participating in the competition were Binghamton University; Buffalo State; Clarkson University; The College at Brockport, State University of New York; The College of Saint Rose; Hofstra University; Macalester College; Siena College (the 2013 Adirondack Cup winner); St. John Fisher College; State University of New York at Plattsburgh; Union College; University at Albany; and Wesleyan University.

Bryn Mawr students interested in finance are invited to join the Owl Investment Group next year. For more  information, visit the group’s blog.

Filed under: awards,BMC Homepage Headlines,Students by mgray

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