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Updated: 9:46 a.m. Wednesday, Nov. 25, 2009 | Posted: 9:38 a.m. Wednesday, Nov. 25, 2009
By Dave Larsen
Staff Writer
DAYTON — The success of the University of Dayton’s Flyer Investments Team will be highlighted Wednesday, Nov. 25, on CNBC.
The business news channel is scheduled to broadcast a report at 11:50 a.m. Wednesday about the strong performance of the student-managed Flyer Fund, according to university officials.
The report also will note the recent approval by the UD board of trustees to add $2 million to the fund, bringing the total to $10.5 million, officials said.
CNBC reporter Courtney Reagan visited the UD campus last week and taped a meeting of the investment team, which manages nearly $9 million of the university’s endowment.
Reagan interviewed several students on the team, as well as David Sauer, director of the Davis Center for Portfolio Management, and Richard Davis, a university trustee.
The student fund has achieved strong performances over the years, beating the S&P 500 at the one-, three-, five- and 10-year benchmarks, according to Thomas Burkhardt, university vice president for finance and administrative services.
“While a number of professional investment firms manage the university’s endowment, the student-managed portfolio fund continues consistently to perform exceptionally well,” Burkhardt said.
The fund is one of the nation’s 15 largest investment funds managed by undergraduate students, according to UD officials.
Contact this reporter at (937) 225-2419 or dlarsen@DaytonDailyNews.com.
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