Professor John J. Dittrick,
Jr. Fixed Income
Market Fund
Originated by the Full-time MBA Class of 2010
The
Professor John J. Dittrick, Jr. Fixed Income Market Fund
will be used by the Financial Markets Career Acceleration Module (CAM)
as an educational tool throughout the course. The Fund will be a
vehicle for students to apply what they are learning to the real world
of fixed income investing.
Gifts
made by the MBA Class of 2010 will channel into the Fund over a period
of three years beginning in 2011. Future MBA Class of 2010 reunion
gifts may also be directed to build the corpus of the fund.
During the 2010-11 academic year, the students and professors of the Financial Markets CAM will prepare for the Fund’s start by developing a formal investment policy. Future classes will make investment decisions.
Operations
and Uses
·
The
Fund’s portfolio may consist of individual corporate bonds,
government bonds and/or ETFs.
·
The
Fund will use a broker for its transactions. Profs. Haltiner and
Merrick will investigate fees with Charles Schwab, Fidelity, and/or
other appropriate firms.
·
The
Fund’s portfolio will be set up to ensure that every year some
investments mature, and the students are able to readjust positions.
·
The
Fund will have a November fiscal year to coincide with the CAM cycle.
·
A
structure will be setup to ensure ongoing performance review while the
CAM is not in session.
·
There
is no minimum amount requirement for the Fund to be operational. As
gifts are received, funds will be channeled through the Business
School Foundation to the MBA Class of 2010 Professor Jack Dittrick
Fund to be invested. Please note that the entire pledged amount of
$35,000 will be available by 2014 when all pledges are received.