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News
Senbet Fund Members Ring Bell to Open NYSE
A group of Robert H. Smith
School of Business undergraduate and MBA
students had the honor of ringing the
bell to open trading on the New York
Stock Exchange on January 19, 2007. The
students manage the Smith School’s two
investment funds — the
Mayer Fund
and
the Lemma Senbet Fund — and are in New
York for an educational trip to meet
with financial professionals.
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Fifteen Robert H. Smith
School of Business students
took part in the
bell-ringing ceremony to
open trading on the New York
Stock Exchange Jan.19. MBA
students, representing the
Mayer Fund, were:
Tray Spilker (pictured at
center), Avi Lerner, Chris
Van Horn, Xiaoyu Zhang,
Johannes Thorsteinsson,
Sachin Agarwal, and Eun Mi
Yu.
Undergraduate student
managers representing the
Lemma Senbet Fund were:
Randy Doak, Mark Mendelsohn,
Daniel Politzer, John
Scagnelli, Mirag Vamja,
Fahad Qayumi, Matt Shaffer,
and Frank Wilson. |
The 9:30 a.m. bell-ringing ceremony
was televised on CNBC and Bloomberg
Television, as well as broadcast live on
NYSE’s Web site,
www.nyse.com. A photo of the
ceremony and additional information can
be found
at the NYSE Web site. Following the
bell-ringing, the students took part in
an educational seminar at the exchange.
The $50,000 Lemma Senbet Fund,
modeled on the Mayer Fund, is managed by
10 undergraduate finance majors. Named
for an esteemed Smith finance professor
for his contributions to the school, the
Senbet Fund launched this past fall as
one segment of the Undergraduate Fellows
Program. The fellows program is an
initiative Smith introduced last fall to
offer students participation in
small-scale specialized academic
concentrations, or “tracks,” that
provide hands-on experience and close
interaction with faculty, alumni, peers,
and companies.
Like the Mayer Fund, Senbet Fund
managers’ goal is to outperform the S&P
500. The undergraduate fund will also
pay a dividend to the Dean’s Office each
year. The New York Stock Exchange,
operated by NYSE Group Inc., is the
world’s largest and most liquid cash
equities exchange where investors buy
and sell listed companies’ common stock
and other securities. Ringing the bell
to open or close trading on the exchange
is an honor usually reserved for
representatives of listed companies or
dignitaries.
►News Release
Senbet Fund featured in The
Diamondback
Updated February 2007 Recruitment Presentation
Smith School Launches $50K Undergraduate
Investment Fund
Meet
Senbet Fund Class of 2007
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