Managers of the Henry Fund, the University of Iowa's award-winning student managed investment portfolio, believe the U.S. economy has slipped into recession, but that it should be short-lived and followed by a recovery marked by slow growth six months from now.
The Henry Fund is managed by 12 students enrolled in the Applied Securities Management class, a graduate-level course that teaches Tippie MBA students about financial markets. As part of their classroom work, the students manage the fund, a $1.5 million investment portfolio named after its initial benefactors, Henry Tippie and Henry Royer.
The fund was recently honored for the third consecutive year as the best fund in its class at the national convention of Redefining Investment Strategy Education, held in March at the University of Dayton. The conference is the largest of its type in the country, attracting 2,300 graduate and undergraduate students to learn more about markets, finance and investments.
The Henry Fund, which returned 12.5 percent in 2007, was named tops in the Graduate Large Cap Growth Equity category, adjusted for risk.
STORY SOURCE: University of Iowa News Service, 300 Plaza Centre One, Iowa City, Iowa 52242-2500.
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