IUP Student Managed Investment Portfolio Team Hits Wall Street

Posted on 12/18/2017 3:20:03 PM

On November 20, 2017, 13 student leaders from the Student Managed Investment Portfolio traveled New York City to explore the financial capital of the world and meet with IUP alumni and bankers from top-tier investment firms.

First on their list was VanEck, an investment management company which offers custom products that take advantage of targeted market opportunities. IUP alumnus Mark Hurrell, director of Institutional Business Development, hosted the students for an interactive discussion. Mark and his team delivered robust presentations on both hard-asset and cryptocurrency strategies which the students had high interest in.

Student leaders from the Student Managed Investment Portfolio

Students pictured at VanEck to learn about commodity vector ETFs.

That same day, SMIP members enjoyed a skyline view of NYC as they made their way to the top of the One World Observatory. This elegant view was followed up with an even more enlightening perspective on the city, provided through an interactive Wall Street tour.

SMIP members at the famous Bull on Wall Street

A few SMIP members at the famous Bull on Wall Street.

Students also had the opportunity to meet with additional industry professionals. Jim Leda, alumnus and managing director of KRyS Global, spoke with students about corporate recovery and Chapter 11 bankruptcy negotiation. Jim has always been a strong advocate for giving back to the university and is constantly offering students networking opportunities and industry insight.

SMIP team with IUP alumnus Jim Leda

SMIP team poses with IUP alumnus Jim Leda after their meeting.

A little more uptown, analysts Kieran Kenny and Ashna Muhki took time to showcase their roles at Morgan Stanley Wealth Management and discuss investment strategies with SMIP members. Students spent almost two hours at Morgan Stanley talking shop and discussing current market trends. Chief SMIP officers delivered insight into current SMIP holdings, and long-term management strategies as Kieran and Ashna discussed their thoughts on the portfolio and industry outlooks.

The trip concluded in a more informal setting, as students held casual conversation with Blake Gwinn, vice president of Rates Strategy at RBS. Blake had great exposure to broader macroeconomic forces within US financial markets, having previously worked at the NY FED and now at RBS. Blake offered advice on macroeconomic forecasting, FED policy analysis, networking, and career building. He even supplied macroeconomic overview booklets for students to leverage in building out their own macro-updates for the Foundation for IUP.

Rob Schwartz and Blake Gwinn

SMIP Chief Investment Officer Rob Schwartz with RBS Rates Strategist Blake Gwinn

SMIP members were extremely privileged to be offered such support for this amazing trip. Thank you to all IUP alumni, industry professionals, and the administration of the IUP Eberly College of Business and Information Technology who made this experience possible. It is through real-world connections that Eberly College students can grow into aspiring professionals.