In partnership with the Kresge Foundation, Oakland University has announced the implementation of a new course, Management of Investment Funds, which will be headed by Ranadeb Chaudhuri who is the assistant professor of finance at the university.
The students will receive instructions in safety analysis techniques and the use of the Bloomberg trading system online to study and analyze the markets in equities, equity indices, fixed-income securities, currencies, commodities, futures, exchange rates.
The course is designed to give the Oakland University undergraduates valuable real-world experience while exposing them to the local career opportunities in investment management. The intention is to keep the locally trained talent in the region. At the moment, many of them leave after graduation, according to Rob Manilla, the CIO and vice president of the Kresge Foundation, which is supplying $2 million for an investment fund from its $3.5 billion investment portfolio.
The class will be held in the university’s data analysis lab, which is equipped with professional financial tools that include 10 dual-screen Bloomberg terminals and a real-time stock market ticker.
The students will apply their coursework by researching and analyzing publicly traded securities listed in the S&P 500 Index, and will formally present their investment recommendations to a class advisory board. The board, which includes investment professionals from Kresge and Detroit-area companies, will serve as a sounding board to review, challenge and fine tune the students’ recommended portfolio.
The students will monitor the portfolio throughout the semester and make buy, sell and hold recommendations to Kresge based on the performance of their selected stocks. Advisory board members will also supplement the class curriculum by serving as guest lecturers and sharing personal experiences in the asset-management profession. A member of Kresge’s investment team will officially conduct the stock transactions.