Three Jacksonville University golfers who used money smarts to boost The Dolphin Fund at the Davis College of Business to a spectacular annualized return as part of their finance studies got some kudos from The Florida Times-Union in its Monday, Feb. 4, edition.
Lead fund manager Thomas “Trey” Douglas and team members Francesca Yong and Jimmy Murphy managed to bring the fund up $19,000 during the three months ended Nov. 30, for a 5.43 percent return (annualized at about 22 percent). That compares to an S&P return of 0.68 percent (annualized at 3 percent) during the same period. The fund is an investment portfolio at DCOB that students work with as part of their business coursework.
The article on the Times-Union Editorial page noted that Bob Boylan, chair of JU’s Department of Accounting and Finance, “attributed their success to hard work; teamwork; guidance from Michael Adams, a JU associate professor of accounting and finance and professional portfolio manager himself; and a ‘healthy part of good luck.'”
“A college diploma has a way of making people lucky,” the piece concluded.
To read the entire article, click here.
To see an earlier full Wave Weekly article on the students’ feat, click here.