Winner of student Trading Club competition receives $500 award

Yohan Lee, a sophomore from Daejeon, South Korea, was announced as the winner of the 2013 spring semester Trading Club competition during an awards ceremony April 9 in the Sheetz Center for Entrepreneurial Excellence.

The competition began Feb. 5 and concluded March 28. Lee, who is majoring in enterprise risk management, earned the first-place award of $500. The runner-up in the competition was Dylan Ventura, a sophomore from Greensburg, Pa. The top two competitors were separated by less than $300. Both Lee and Ventura expanded their portfolios by more than $18,000 over two months of virtual trading, a rate of return of approximately 7.3 percent. The overall increase in the S&P 500 during the trading competition period was 3.8 percent. Ventura, who is majoring in supply chain management, earned the $350 award for placing second.

The Trading Club competition provides students with opportunities to manage an investment portfolio on a virtual trading platform while acquiring a broader understanding of how financial markets function. Participants acquire a personal understanding of capital markets through simulated investments based on long-term capital growth. All Penn State Altoona students are eligible to register for the competition, regardless of major.

Funding for the Trading Club’s awards is made possible through the ongoing philanthropic support of Dr. Carroll P. and Diane S. Osgood, of Hollidaysburg, Pa. The Osgoods’ generosity made it possible for the Trading Club to present awards totaling $1,500 to the 10 students with the highest portfolio values on the final day of trading. Each award was based on a student’s ranking on the virtual trading platform.

Awards funded by the Osgoods were first presented for the 2012 spring semester competition. All awards are credited to the students’ Penn State accounts to defray educational expenses.

 

Last Updated April 10, 2013