Jersey City, N.J. – April 26, 2022 – Saint Peter’s University today announced that the members of the University’s Student Managed Investment Fund (SMIF) will participate in CNBC’s “Power Lunch” 2022 CNBC Stock Draft on Thursday, April 28 at 2:00 p.m. EDT. The CNBC Stock Draft is an annual event in which 10 teams compete for the title of “Stock Draft Champion.”
This year’s competitors are celebrities and notable figures from across the country including Kandi Burruss, Grammy award winning artist, media mogul, entrepreneur and television star; Kayla Kilbride, TikTok star and financial content creator; Stephanie Link, chief investment strategist and portfolio manager at Hightower; Terry Lundgren, retired executive chairman of Macy’s Inc.; Kevin O’Leary, Shark Tank’s Mr. Wonderful and chairman of O’Shares and Beanstox; Ryan Reynolds, actor, film producer and businessman; Delano Saporu, chief executive officer of New Street Advisors Group; David Robinson, former player for the San Antonio Spurs; and Tim Seymour, founder and chief investment officer of Seymour Asset Management.
Saint Peter’s students will be featured in a live broadcast from the University’s Frank J. Guarini School of Business. During the program, participants will choose two investments from a pre-determined list of 60 stocks and commodities. CNBC will track the performance of each team’s two investments until the Friday before the NFL Super Bowl when the team with the best average appreciation will win the title.
“We are grateful and excited for this opportunity to showcase our talented SMIF students, the Guarini School of Business and the Saint Peter’s community on the CNBC Stock Draft,” said Mary Kate Naatus, Ph.D., KPMG dean of the Frank J. Guarini School of Business at Saint Peter’s University. ‘Viewers tune into CNBC as it is a leader in business news and financial market coverage and we could not think of a better audience to reach in order to promote our talented and incredible students.”
In 2020, the Frank J. Guarini School of Business celebrated the launch of Saint Peter’s first SMIF with the support of the investment management company, Lord Abbett, with the instrumental support of Taina Cutler, executive director of Career Engagement and Experiential Learning (CEEL). Students involved in the program had the opportunity to take stock market simulations to the next level by investing $50,000 in funding, which was generously provided by Lord Abbett. The success of the investments was measured regularly against performance benchmarks. In addition, Lord Abbett provided training, mentoring and career engagement opportunities for Saint Peter’s students.
“The Student Managed Investment Fund facilitates the practical application of theory by giving students the opportunity to work with real-time financial data, acquire significant industry knowledge, and gain industry-specific, real life decision-making skills,” said Amanda Page-Hoongrajok, Ph.D., SMIF faculty advisor and assistant professor of economics and finance.
The members of the team include President Brianna Guido ’22, ’23, Portofilo Manager Tevin Ighalo ’22 and market investment analysts Courtney Hymes ’23, ’24, Tannia Maradiaga ’22, James Malasig ’22, Edgar Espinoza Xitumul ’22, ’23 and Brianna Torres ’22, ’23. The team manages a portfolio of about 24 domestic stocks and meets weekly to discuss current events across the globe, evaluate portfolio performance and pitch new investment ideas.
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For 150 years, Saint Peter’s University, inspired by its Jesuit, Catholic identity, commitment to individual attention and grounding in the liberal arts, educates a diverse community of learners in undergraduate, graduate, doctoral and professional programs to excel intellectually, lead ethically, serve compassionately and promote justice in our ever-changing urban and global environment. To learn more, please visit www.saintpeters.edu.