Two finance majors in the Eberly College of Business were
identified as top 25 performers in the Institutional Investor All-America Student
Joshua Mann and Phillip Del Prete, who were named top 25 performers, are two of three
Indiana University of Pennsylvania students to be recognized at the competition out of more than
Del Prete said the competition was a great way to get some
experience in the stock market.
“I invested in companies I knew and trusted, and I ran with
it,” he said. “No question it's easier to invest when it's a game and not your
For the competition, students started with $100,000 each in
their portfolios and could trade in the seven industry categories of Basic
Materials, Capital Goods/Industrials, Consumers, Energy, Financials, Healthcare
and Tech, Telecom, Media.
Students had to comply with Regulation T, Federal Reserve
Board margin rules, and traded on the cloud-based system AlphaSeal, which
creates a personal portfolio for each competitor. AlphaSeal tracks the equity
value, net asset value, and profits and losses daily like a broker would.
Performance was based on analytical data from six investment
factors: net benchmark outperformance, volatility, balance sheet impact, net exposure impact, long alpha, and short
alpha. The top 25 students in each
category qualified for top performance honors.
For winning this honor, the students’ names will be
published in the next issue of Institutional
Investor Magazine and online at Institutional Investor and ALPHASEAL.
The magazine plans to publish details about Mann and Del
Prete’s trading portfolios, and they will be invited to a LinkedIn group by
members of the Institutional Investor team. The group is only for top performers
and their professors.
“A lot of highly intelligent
students were in my class, and it feels good to know I was a top competitor,”
Del Prete said. “It was a great experience and I hope to use the knowledge I
gained from the games as I pursue my career in the financial world.”
Zachary Schilinski, another IUP finance major, was also
ranked in the top 100 out of 2,100 students nationwide who participated in the
The program was a part of finance professor Robert Boldin’s
Fall 2013 Seminar in Finance class.
“This competition gave students
the opportunity to apply their knowledge and investing skills in a formal
competitive setting,” Boldin said. “Because there were such a large number of
entrants, I am pleased that several of our students ranked in the top 100 or
Eberly College of Business and Information Technology