SIMM Related

http://dealbook.nytimes.com/2010/12/29/where-homework-is-managing-a-200000-stock-portfolio/


This is a link to an awesome piece done by the New York Times and Dealbook.  It talks about business schools and the growth in popularity of trading rooms, as well as student managed funds.  In the 90's it was extremely rare for schools to have mock trading rooms and student managed funds.  Nowadays, over 200 schools have trading floor simulators. 

The one interview with the managing director from Guggenheim, states the importance of the Bloomberg Terminal for applicants.  With the information given in this article/video it seems as if prior Bloomberg terminal understanding is not just a plus, it is a must.  This is something SIMM has been preaching for the last few semesters. 

For more information on St. Bonaventure's Student Managed Fund (SIMM) please check out our website.


Kevin

Stories of the Day

Copper, something we speak about often in our SIMM meetings, has a very interesting fundamental story.  Firstly, it is believed that one trader owns about 50-80 percent of the copper on the London Metals Exchange.  Also interesting for Copper Traders, is that new ETF's which are to be launched soon are likely to create a shortage for the metal, and will likely help drive prices upwards (here)

GDP reports were released today, showing the US economy grew less than expected, but still grew.  Stocks were up in trading today after the news.  Inflation expectations were lowered, and expectations for the job market remain the same after the un-exciting number. The story (here).

The economist says that in 2011, the biggest thing to worry about are sovereign debt problems.  They don't just warn about the ugly eurozone countries, even american bond yields are expected to rise, and not necessarily as a hope for growth.  Read it from the economist (here).

SIMM Reports to Board

Sorry for another hiatus.

I wanted to let everyone know that St. Bonaventure SIMM (Students in Money Management) has once again completed another successful report to its Advisory Board.  SIMM is outperforming not only the S&P 500, but the blended benchmark that it has created for monitoring progress.  For a little bit more about SIMM, check out their website here (here).  The Fall 2010 Semi-Annual Report should be on that website soon.

FYI:  SIMM manages over $185,000 from both the Endowment and individual donations.  They are ranked by Seton Hall as one of the top 5 programs in the country due to the fact that it is almost 100% run by students.

Check out their website, they also have a Twitter, Facebook, Linkedin, and Blog.

Kevin

Better Understanding "The Goldman Sachs"

I watched this video the other night.  It is an impressive account of the most prestigious financial firm done by CNBC's David Faber.  It really shows both sides of the argument.  If you haven't seen it on CNBC, its a must watch ... so check it out here. 


"Goldman Sachs Power and Peril"
For full disclosure, SIMM (Students in Money Management) owns Goldman Sachs.

Kevin