Golden Flash Asset Management Team Takes First Place at International Competition
NEW YORK, New York - The ֱ State Golden Flash Asset Management Team took first place in the Fixed Income Portfolio category at the G.A.M.E. Forum held recently in New York City.
“We are thrilled to have won at the G.A.M.E. Forum in our first year in the portfolio competition. Our team worked diligently to build the processes and protocols that accompany a well-run mutual fund,” said Steven Dennis, Ph.D., Firestone Chair of Corporate Finance and chair of the ֱ State Department of Finance. “We beat our benchmarks in our equity and bond funds by about 4.6% and .40% respectively, so we thought we had a chance to win with both funds. The bond fund was able to beat out the other universities represented there.”
Student team members who participated in the competition included Daniel Volpe, Anne Ritts, Alex Smith, Ryan Steed and Nate Robbins.
The G.A.M.E. Forum is hosted by Quinnipiac University. Quinnipiac’s Global Asset Management Education Forum offers participants the opportunity to discuss and debate financial best practices with world-renowned industry leaders.
“We were incredibly pleased to win the best performing portfolio in the Fixed Income category in our first year of actively managing assets,” said Daniel Volpe, President of Golden Flash Asset Management Group. “The hard work and dedication of the members of the fund led to our substantial out-performance, and we were excited to bring home the win for ֱ State.”
The Golden Flash Asset Management Group (formerly the Student Managed Investment Fund) was established in 2017 and provides student participants the opportunity to manage $1 million in ֱ State University assets through four separate $250,000 accounts. The purpose of the group, the first of its kind at ֱ State, is to give students real-world experience and advance career opportunities in finance.
“The opportunity to gain real-world experience in managing assets has been paramount in my personal college experience and has opened many doors for my future career,” Volpe said.
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