Radford University’s Student Managed Investment Portfolio Organization, or SMIPO, has done very well this past year. From June 2012 to June 2013, our Return on Investment was 21.34%. With the American Economy continuing to grow and the unemployment rate slowly declining, SMIPO analysts are confident on another great year.
In April 2013, then-President Jennifer Kelly, led a team of SMIPO leaders and analysts to New York City to attend the Quinnipiac Global Asset Management Education (G.A.M.E III) Forum. The Students had opportunities to hear from and network with some of the financial sector’s top leaders and receive demonstrations of the high-tech financial tools that firms use in day-to-day operations. Kelly was joined by then-Vice President of Investments Anthony Helms, Senior Analyst Jena Vucelich, incoming President Joshua Eggleston, and incoming Vice President of Operations Jonathan Matzke.
President Joshua Eggleston and his team have been working on goals for the upcoming academic year. Eggleston plans to focus on increasing training, implementing a new recruiting plan to attract new members, and explore ways to expand the portfolio’s investment opportunities. However, his main goal for SMIPO this year is to hit $1 million dollars.
At of the close of the US Markets on June 28th, SMIPO’s Small-to-Mid Cap Value Fund Portfolio was valued at over $917,000. SMIPO asset is an important component of the Radford University Foundation's Investment Pool.
- Submitted by Joshua Eggleston
During the summer of 2011, the Radford University Foundation donated an open-space easement to the Virginia Outdoors Foundation protecting the Foundation-owned Selu property.
This easement will protect in perpetuity the Selu property's many important conservation values, including scenic views enjoyed by the boating public on the Little River, a habitat for threatened and endangered plant and animal species, and an important watershed for sources of public drinking water. With the help of Conservation Partners, LLC, the Foundation claimed a transferable Virginia land preservation tax credit for the donation, then sold the credit through Conservation Partners to a number of Virginia taxpayers. This sale generated over $100,000 in revenue, and at the direction of the Radford University Foundation Board, these funds will be invested in a quasi-endowment fund for the upkeep of the Selu property.
Selu consists of nearly 400 acres of land along the Little River, just outside Radford. Selu was founded in 1989 when John Hargrove Bowles donated the first 185 acres. Several years later, other members of the Bowles family donated the rest of the current Selu property.