{"id":9094,"date":"2020-08-31T09:49:25","date_gmt":"2020-08-31T13:49:25","guid":{"rendered":"https:\/\/www.saintpeters.edu\/news\/?p=9094"},"modified":"2020-08-31T09:49:25","modified_gmt":"2020-08-31T13:49:25","slug":"saint-peters-university-partners-with-lord-abbett-to-launch-the-universitys-first-student-managed-investment-fund-smif","status":"publish","type":"post","link":"https:\/\/www.saintpeters.edu\/news\/2020\/08\/31\/saint-peters-university-partners-with-lord-abbett-to-launch-the-universitys-first-student-managed-investment-fund-smif\/","title":{"rendered":"Â鶹ÊÓƵ\u2019s University Partners with Lord Abbett to Launch the University\u2019s First Student Managed Investment Fund (SMIF)"},"content":{"rendered":"

\"\"<\/a>Jersey City, N.J.<\/strong> \u2013 August 31, 2020 \u2013<\/strong> Â鶹ÊÓƵ\u2019s University today announced a partnership with the investment management company, Lord Abbett, to support the launch of the University\u2019s first Student Managed Investment Fund (SMIF). Students will have the opportunity to take stock market simulations to the next level by investing $50,000 in funding, which has been generously provided by Lord Abbett. The success of the investments will regularly be measured against performance benchmarks. In addition to the initial funding, Lord Abbett will also provide training, mentoring and career engagement opportunities for Â鶹ÊÓƵ\u2019s University students.<\/p>\n

\u201cAt the Frank J. Guarini School of Business, we consistently seek new opportunities for our students to have valuable experiences that will help them develop necessary leadership and professional skills,\u201d said Mary Kate Naatus, Ph.D., KPMG dean of the Frank J. Guarini School of Business at Â鶹ÊÓƵ\u2019s University. \u201cThe partnership with a respected asset manager such as Lord Abbett will not only provide new career opportunities for our students, it will also build the University\u2019s brand and highlight our talented students and young professionals. Our department of economics and finance has developed a unique and robust academic experience, led by expert faculty.\u201d<\/p>\n

Through the partnership, Lord Abbett investment professionals will serve as guest expert speakers on financial markets and career mentors for participating students and others with an interest in the financial industry. The Office of Career Engagement and Experiential Learning (CEEL) will coordinate internship and career-related events for Â鶹ÊÓƵ\u2019s students as part of the partnership. The expert sessions and active management of the student fund will begin in the fall semester. Lord Abbett will host a boot camp training and launch event in the fall as well.<\/p>\n

\u201cLord Abbett is committed to partnering with organizations in the community that align with our mission, and Â鶹ÊÓƵ\u2019s University is certainly one of them,\u201d said Catherine Tantillo, head of community relations at Lord Abbett. \u201cWe believe this partnership will promote Lord Abbett\u2019s investment expertise and will develop a potential pipeline of diverse talent for our organization. We look forward to working with Â鶹ÊÓƵ\u2019s students and faculty.\u201d<\/p>\n

The academic component of the SMIF is designed to provide undergraduates with hands-on investment experience using real money, deepening understanding of the stock market, fiduciary decision-making and wealth and asset management. The SMIF will also give students the opportunity to work with real-time financial data, acquire significant industry knowledge and gain real world decision-making skills.<\/p>\n

Students with majors in finance and economics will be eligible to apply for the investment team and there will be required co-requisite courses for selected participants. Â鶹ÊÓƵ\u2019s faculty advisors Samar Issa, Ph.D., assistant professor of economics and finance, and Amanda Page-Hoongrajok, Ph.D., assistant professor of economics and finance, will lead implementation of the academic component of this project for the University.<\/p>\n

# # end # #<\/strong><\/p>\n

Â鶹ÊÓƵ\u2019s University<\/strong>, inspired by its Jesuit, Catholic identity, commitment to individual attention and grounding in the liberal arts, educates a diverse community of learners in undergraduate, graduate, doctoral and professional programs to excel intellectually, lead ethically, serve compassionately and promote justice in our ever-changing urban and global environment. To learn more, please visit www.saintpeters.edu<\/a>.<\/p>\n

Lord, Abbett & Co. LLC<\/strong> is an independent, privately held firm with a singular focus on the management of money. Founded in 1929, Lord Abbett is one of the oldest money management firms in the United States and has forged a culture that is built on the strength of its people, performance, relationships, and organizational agility\u2014and guided by the values of excellence, responsibility, transparency, and collaboration. Lord Abbett manages approximately $198.5 billion in assets (as of June 30, 2020) across a full range of U.S. mutual funds, UCITS Funds, institutional and separately managed accounts, including $1 billion for which Lord Abbett provides investment models to managed account sponsors.<\/p>\n

 <\/p>\n

Media Contact<\/strong>
\nAngeline Boyer
\n(201) 761-6238
\naboyer1@saintpeters.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Jersey City, N.J. \u2013 August 31, 2020 \u2013 Â鶹ÊÓƵ\u2019s University today announced a partnership with the investment management company, Lord Abbett, to support the launch of the University\u2019s first Student Managed Investment Fund (SMIF). Students will have the opportunity to take stock market simulations to the next level by investing $50,000 in funding, which […]<\/p>\n","protected":false},"author":18,"featured_media":9096,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,3,5,2,6],"tags":[],"class_list":["post-9094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alumni","category-current-students","category-faculty-staff","category-future-students","category-press-release"],"acf":[],"yoast_head":"\nÂ鶹ÊÓƵ\u2019s University Partners with Lord Abbett to Launch the University\u2019s First Student Managed Investment Fund (SMIF) - News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.saintpeters.edu\/news\/2020\/08\/31\/saint-peters-university-partners-with-lord-abbett-to-launch-the-universitys-first-student-managed-investment-fund-smif\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"aboyer1\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.saintpeters.edu\/news\/2020\/08\/31\/saint-peters-university-partners-with-lord-abbett-to-launch-the-universitys-first-student-managed-investment-fund-smif\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.saintpeters.edu\/news\/2020\/08\/31\/saint-peters-university-partners-with-lord-abbett-to-launch-the-universitys-first-student-managed-investment-fund-smif\/\"},\"author\":{\"name\":\"aboyer1\",\"@id\":\"https:\/\/www.saintpeters.edu\/news\/#\/schema\/person\/0e6cac7c1e5bde0788515bdfe0adea4b\"},\"headline\":\"Â鶹ÊÓƵ\u2019s University Partners with Lord Abbett to Launch the University\u2019s First Student Managed Investment Fund (SMIF)\",\"datePublished\":\"2020-08-31T13:49:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.saintpeters.edu\/news\/2020\/08\/31\/saint-peters-university-partners-with-lord-abbett-to-launch-the-universitys-first-student-managed-investment-fund-smif\/\"},\"wordCount\":672,\"image\":{\"@id\":\"https:\/\/www.saintpeters.edu\/news\/2020\/08\/31\/saint-peters-university-partners-with-lord-abbett-to-launch-the-universitys-first-student-managed-investment-fund-smif\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.saintpeters.edu\/wp-content\/blogs.dir\/230\/files\/2020\/08\/LA-SPU-SMIF-Logo_CMYK.jpg\",\"articleSection\":[\"Alumni\",\"Current Students\",\"Faculty Staff\",\"Future Students\",\"Press Release\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.saintpeters.edu\/news\/2020\/08\/31\/saint-peters-university-partners-with-lord-abbett-to-launch-the-universitys-first-student-managed-investment-fund-smif\/\",\"url\":\"https:\/\/www.saintpeters.edu\/news\/2020\/08\/31\/saint-peters-university-partners-with-lord-abbett-to-launch-the-universitys-first-student-managed-investment-fund-smif\/\",\"name\":\"Â鶹ÊÓƵ\u2019s University Partners with Lord Abbett to Launch the University\u2019s First Student Managed Investment Fund (SMIF) - 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