Underdog Undergrads From Jersey City Win Investing Competition

Saw this on DB: http://blogs.wsj.com/marketbeat/2013/04/10/underdog-undergrads-from-jer…

6 winners by strategy:
Growth: Student Investment Management Group — New Jersey City University, Jersey City, N.J., Bernard McSherry, advisor.
Value: Undergraduate Student Portfolio — California State University, Northridge, Northridge, Calif., G. Michael Phillips, advisor.
Core: Trostle Investment Portfolio — Elizabethtown College, Elizabethtown, Pa., Randy Trostle and Emma Neuhauser, advisors.
Balanced: SIAS Fund — Simon Fraser University, Vancouver, British Columbia, Derek Yee, advisor.
Alternative: Green & Gold Fund — University of Alabama at Birmingham, Birmingham, Ala., Jacob Gelber, advisor.
Fixed Income: Roland George Fixed Income Fund — Stetson University, DeLand, Fla., K.C. Ma, advisor.

So in summary:
* NJ City University won in "Growth" category with 17% gain in 2012 vs S&P's 13%
* Up until October the fund was in line with S&P
* In October the fund bought 27 stocks in the dip and that helped them
* One of the fund's top picks was Texas Capital Bancshares Inc., which gained 46% during 2012. "The group had wanted a regional bank and pushed into the small Texas firm, hoping it would benefit from a rebound in property prices."

I don't want to sound like a prick, but:
* I was expecting a higher performance from the winner
* Growth and Value were most likely the two most popular strategies among 6,000 students and more than 200 universities. So that's at least 1,000+ students from 30+ universities
* Both value and growth strategies worked well in 2012

Your thoughts on this competition?

Career Advancement Opportunities

March 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

March 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

March 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

March 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”