Twelve Ole Miss students help manage investments for Tennessee Valley Authority (TVA)
Published 11:05 am Wednesday, April 26, 2017
Twelve students from the University of Mississippi School of Business Administration’s portfolio management team recently represented the university in Nashville, Tennessee, for the Tennessee Valley Authority Investment Challenge.
The TVA’s investment program is one of the nation’s largest student-managed investment plans. It allows student teams to manage stock portfolios for the agency, giving them a better understanding of investments through experience. Based on the portfolios’ performances, students are awarded prizes by the TVA.
For the calendar year 2016, the Ole Miss portfolio team earned a return of 11.95 percent, which placed them fourth among the 23 participating schools. Only Trevecca Nazarene University, at 18.7 percent; East Tennessee State University, 18.6 percent; and the University of Tennessee, 16.7 percent, earned better returns over the year.
“It was a cool experience to immerse ourselves in a professional environment like the TVA conference,” said Makail Johannesson, a junior economics major from Red Lake, Ontario. “We learn a lot of content and fundamentals in the classroom, but there is no better way to grasp corporate culture than being a part of it.”
The strong performance was supported by Ole Miss’ portfolio holdings in T-Mobile, Chevron and AT&T, stocks which recorded gains of 65 percent, 35 percent and 34 percent, respectively, during 2016.