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Faculty Innovation
Outperforming the ProsThe undergraduate
and graduate students who take the Student
Investment Management (SIM) class each quarter are hardly
finance novices. Since 1990, Fisher College finance students
have invested a portion of Ohio State’s endowment fund, the first
group of American college students to officially manage a multimilliondollar
university account. Under the administration of Professor
Andrew Karolyi (top right), their strategy of obtaining high returns while
maintaining desired risk levels is working well. The student-run
portfolio has a current fund value of nearly $20 million and boasts
an overall five-year return record better than the S&P 500. In the
classroom, the SIM students act as security analysts and engage in
group decisions that include monitoring, researching, interpreting and
recommending stocks. Each quarter, they report to the university’s
treasurer on the results of their investment strategies. Outside the
classroom, the group maintains ties with the financial community
and gains access to resources seldom seen in an academic
environment. According to Professor Karolyi, the students gain
a competitive advantage for elite internship and employment
opportunities in financial arenas, including Wall Street. As the
Charles R. Webb Designated Professor of Finance, Karolyi is wellknown
in the area of investment management with a specialization
in international financial markets. His current research focuses on
the valuation of companies from around the world that strategically
target U.S. equity markets for capital-raising activities. The work
has garnered several recognitions, including this year’s Fama/DFA
Prize for Best Paper in Capital Markets and Asset Pricing in the Journal of Financial Economics, and has led Karolyi to be sought out
as a consultant by global investment companies, financial institutions
and stock exchanges. He was recently named to the board of
directors of both the American Finance Association and the Financial |
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Mastering Logistics EngineeringWith the recent outsourcing of manufacturing jobs and increased global trade, logistics is one of the fastest-growing employment fields. Firms are looking for a new breed of logistics professionals who combine strong managerial and technical skills. In response, Fisher College and the College of Engineering have created a new Master in Business Logistics Engineering (MBLE), one of only a few programs of its kind in the country and backed by Fisher College’s logistics program, ranked 3rd in the nation by U.S. News & World Report. Directed by Logistics Professor Walter Zinn, the 45-credit MBLE degree enables graduates to enter the job market equally comfortable with logistics strategy and operations and engineering tasks such as facility design and implementation of logistics technology. When he’s not creating new programs that anticipate market need, Zinn works regularly with the international business community as a conference speaker and has been recognized with a logistics innovation award from the Latin American Logistics Center. He recently returned from China where he addressed a conference in Shenzhen sponsored by the Council of Supply Chain Management Professionals and served as a guest speaker at China’s Shanghai Maritime University. |