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JOURNAL OF ACCOUNTING AND FINANCE
Finance Experts versus Students: Policies, Comparative Return and
Risk of Investments in a Student-Directed Investment Portfolio
Author(s): Thomas M. Krueger
Citation: Thomas M. Krueger, (2011) "Finance Experts versus Students: Policies, Comparative Return and
Risk of Investments in a Student-Directed Investment Portfolio" Vol. 11, Iss. 4, pp. 119 - 137
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Recognizing that traditional textbook and lecture presentations are insufficient, many universities have adopted student-managed investment funds. For five years, the author taught the course taken by students managing the student-directed Spellman Portfolio, at the University of Wisconsin-La Crosse. This was not a student-managed investment portfolio in the tradition sense, because investment decisions were filtered through the CBA Investment Advisory Board (IAB). This group of professional financial managers had ultimate decision-making authority, making a unique study of expert decision making possible. This report presents the investment policy employed and findings of this investigation and the incremental benefits of expert advice.
