![\"\"](\"https:\/\/www.bates.edu\/Images\/Bates_Magazine\/summer06\/Invest.gif\")
<\/p>\n<\/p>\n
In February, members of the Bates College Investment Club visited capitalism\u2019s Emerald City, the New York Stock Exchange.<\/p>\n
\u201cIt was a slow day, unfortunately, but it gave us a lot of time to ask questions,\u201d says club member Joanie Meharry \u201908, who set up the tour with a friend at the NYSE.<\/p>\n
\u201cIt\u2019s the heart of the financial world,\u201d says Julie Otton, another sophomore in the club. \u201cIt\u2019s incredible.\u201d The six also visited banking giant Credit Suisse, hosted by analyst Christian Rogers \u201904.<\/p>\n
For the BCIC, such events are really just the spice for a meat-and-potatoes mission: to get the best investment returns for Bates on $100,000 donated by Trustee John Gillespie \u201980, founder of Prospector Partners LLC.<\/p>\n
The arrangement provides hands-on investment experience, says club adviser Carl Schwinn, associate professor of economics. More important, it will demonstrate the worth of a Bates education in navigating the seas of finance. The varied disciplines in the liberal arts, Schwinn says, help students \u201cunderstand how changes in technology, global politics, and trade relationships will change investment opportunities.\u201d<\/p>\n
The trustee investment committee, to which Gillespie belongs, set guidelines for the student investors. Their goal is a 4.5 percent return, with those earnings supporting financial aid, and profits above 4.5 percent going back into principal. And the BCIC must avoid high-risk investments. The money is currently in certificates of deposit, but the BCIC will venture into equities this fall.<\/p>\n
\u201cA lot of people have told us that we should try to get higher returns than the investors of the College endowment,\u201d Otton notes.<\/p>\n
So will they take on the trustee money managers? \u201cAbsolutely,\u201d says Meharry.<\/p>\n","protected":false},"excerpt":{"rendered":"
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