The Intrieri Family Student-Managed Fund at Penn State Erie, The Behrend College, posted a $27,000 profit in its first year — a better return than the S&P 500 earned over the same period.
The fund did even better against the S&P when adjusted for risk, said Hunter Holzhauer, assistant professor of finance and a member of the fund’s advisory board. His Portfolio Management and Analysis class selects the 50 stocks that are included.
The fund — the first of its kind at Penn State Behrend — began with a $100,000 gift from Vincent Intrieri, a 1984 graduate of the college and senior managing director of Icahn Capital Management.
Profits are reinvested and several faculty members, alumni and friends of the college — including Intrieri — already have added another $33,000 to the account.
For more information, visit www.psbehrend.psu.edu.
