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During the last week of June, another Heller College of Business Summer Immersion Program for Emerging Scholars in Finance concluded successfully! Students got an introduction to the economy, stocks, bonds, futures and other financial instruments with live market data in our cutting edge Trading Room. Funded through a grant by the Clearing Corporation Charitable Foundation (CCCF), the Trading Room provides a gateway to the world of finance through Bloomberg financial software, and educates students on the concepts of investing, financial intermediation, and risk management.

After completing the Bloomberg Market Concepts program our students put their new experience to work in a simulated trading challenge. As luck would have it, the portfolio challenge overlapped with a visit from a CCCF trustee, Dave Johnson. With over half a century of trading and investing experience, he looked at a few student portfolios and added enlightened commentary about their investments and suggested strategies. “Marriot is a good one!”, he assured one student. “Hey you’re up big in cattle, sell half the position”, he quipped to Billy Hennessy. Billy heeded the advice and ended up coming in first place for the competition! Other students posting positive gains for the week followed the “invest-in-things-I-like” methodology, and filled portfolios with stocks of social media companies, fashion, entertainment, technology, and more.

Students also learned from current financial industry professionals. Vanessa Williams, Investment Associate at Northern Trust Wealth Management and Michael Andrews, Principle Examiner Financial Industry Regulatory Authority (FINRA) shared insights from a career in investments and regulation. Roosevelt Visiting Faculty of Finance Justin Shea was the lead instructor, contributing his nearly two decades of experience in trading, financial intermediation, and investing to the course. Finance and Accounting Department Chair, Rifat Gorener also lent his expertise to the student learning experience. Rounding out the education team, recent Roosevelt bachelors of Finance Graduate and incoming MBA student Jose Lorenzo-Valdespino offered guidance on the Bloomberg Market Concepts program, of which he is a certificate holder. To finish the experiential learning components of the program, the group took a field trip to the Federal Reserve Bank of Chicago and learned about its role in monetary and economic policy.

In addition, some students opted for the full University experience and stayed in the dorms! Extracurricular activities included a trip to Navy Pier to see the fireworks and attending a movie in the park. These experiences, and arranging the program, wouldn’t have been possible without Marion Berry’s efforts.

At the conclusion of the successful program, parents joined their kids for an award ceremony with light refreshments. Dean Asghar Sabbaghi and Assistant Dean Ryan Petty were in attendance and along with staff mentioned above, presented students with the RU Emerging Scholars in Finance Certificate, StockTrack Global Portfolio Simulations Portfolio Performance Award, and Bloomberg Market Concepts certification.

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