Monday, October 22, 2007
YOUNGSTOWN — A class of business students at Youngstown State University is being given $250,000 to invest in stocks and bonds.
“This is real money,” said Thomas Cavalier, chairman of the YSU Foundation. “It’s not a hypothetical portfolio.”
The foundation, which has $170 million in assets, is turning over part of its holdings to the students as an educational experience. The foundation uses earnings on its investments to fund scholarships worth about $5 million a year.
A new course is being created next semester, and enrolled students will analyze investment options and decide where to place the $250,000.
For more on this story, see Tuesday’s Vindicator or www.vindy.com.