December 14, 2007

Colleges Use Students to Manage Endowments

By MARISA LPEZ-RIVERA

Hedge-fund managers, watch your backs: Some college endowments are turning to their own undergraduates to help them invest their portfolios.

And some of them are doing quite well, thank you.

At the University of Dayton, the student-managed portfolio that began with $25,000 in 1994 and was supplemented with $1-million in 1999 is now worth $7-million.

David A. Sauer, founding director of the Davis Center for Portfolio Management at the university and an associate professor

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