2018 on the rise - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of...
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2018ON THE RISESemi Annual Update
Captains Educational Enrichment FundI n v e s t I n E d u c a t i o n
www.ceefundcnu.com | Chr istopher Newport University
2018 Volume 7
D I R E C T O R S ' R O L E
CAPTAINS EDUCATIONAL ENRICHMENT FUND
Letter from the CEO Over the past year, I have had the privilege of leading the CEE Fund. When I first joined the fund my freshman year, we were in the process of investing our first $50,000 from the Education Foundation here at CNU. Since then we have grown both in Assets Under Management and the number of educational opportunities offered to members. The focus over the past year was to improve on the foundation that had been laid for the Fund. For years, the focus has been on fundraising and growing AUM. And while that remained a priority, we took the year as an opportunity to focus on training and skills that are helpful for all members of the fund, specifically by bringing in speakers on a wide array of topics and having numerous opportunities to participate in case competitions. Beyond training, we worked hard to change the dynamic between members of the Fund. We wanted the CEE Fund to be a place where people could establish connections that would benefit them throughout their time at CNU and once they have graduated. The biggest change took place at the end of the year. The Executive Board decided to combine the Development and Operations teams. We felt this was the best decision for the fund because it allows work to be more evenly distributed and helps to prevent an overlap between the two teams.On behalf of CEE Fund, I would like to thank our donors and supporters. Without your continued support over the years, none of this would be possible.
2018 VOLUME 7
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With Gratitude,
Cassidy Kiel
SNAPSHOT OF THE FUND
2018
$198,513
ASSETS UNDER MANAGEMENT
AS OF 12/31/18
6th ANNUAL FINANCIAL
SUMMIT3.26.2018SPEAKERS FROM: - WELLS FARGO - DIXON HUGHES ```GOODMAN - THE SEC - U.S. TRUST
66FALL
APPLICANTS
412
CASE COMPETITION
TEAMS
MEMBERS
PARTICIPATING
MIXERS AND
SPEAKERS WITH
ALPHA KAPPA PSI
2
2018 VOLUME 7
The close of 2018 marked another successful year for the Investment Team on a quantitative and qualitative basis. Despite increased market volatility and downward pressure on securities at the end of 2018, the Endowment Portfolio outperformed the stated benchmark (SPY) by approximately 78 basis points (-3.61% and -4.39% respectively). Funds continued to deploy out of sector exchange traded funds into individual securities, yet our attention to portfolio characteristics guarded the fund from over-diversification/allocation efforts. Additionally, we increased collaboration with the Finance Team in regards to current holding analyses, streamlining the process and improving research quality. As for the CEE Fund portfolio, members dedicated time and energy towards implementing a new allocation strategy, utilizing market cap diversification as a thesis. In response to the tactical move, members began writing new Investment Policy Statements (for each portfolio) which will outline our methodologies and rules of operation going forward. We are looking to complete the statements in the next couple months, increase portfolio position sizes with the remaining funds (or replace current holdings) and continue to improve communication efforts with other departments in regards to our money management decisions. Apart from our money management efforts, we welcomed ten new analysts to the team in 2018, including four freshmen, five sophomores, and one junior. The students are of high caliber, to say the least, successfully rising to the top of 34 total applicants. Furthermore, the new members will complement the group by using their skills in mathematical programming, fine arts, sales, and interpersonal communication. Above all, new analysts are eager to learn. In conclusion, as sustainability and longevity efforts would have it, we recently completely the installment of new officers and team leaders. I am honored to have served as the Chief Investment Officer for the Fund, and I am confident that my successor, Tim Haynal, will lead in the right direction through 2019.
INVESTMENT TEAM
UPDATEBY WILL GIBSON,
CHIEF INVESTMENT
OFFICER
2018 VOLUME 7
2 0 1 7 A N N U A L R E P O R T
Current Holding Analysis
Throughout 2018, the Finance Team took control of the Current Holding Analysis
process for both the CEE Fund and Endowment portfolios. This change allowed
more students to get a hands-on experience with the portfolios, as well as increase
the efficiency and success of the overall Fund. In the Fall, the Finance Team had a
primary focus on the Endowment portfolio. The goal for the semester was to reduce
the number of securities from 33 to about 27, in order to eventually bring the
portfolio to the point commonly seen as diminishing returns, 21 securities. However,
it is important that the portfolio consists of the best 21 securities, so the team was
given ample time to ensure we sell the stocks who are not in the top 21.
New Member Classes
Once a student is accepted into the CEE Fund, his/her financial literacy will be
expanded due to the New Member Classes. In these classes, a professor from the
Luter School will teach about a topic relating to finance or corporations that will be
useful in his/her time in the Fund. These classes have been taught by Professor
Edgar, Professor Walker, Professor Guha, and Dr. Donaldson. Furthermore, the
students will have the opportunity to form a relationship with these professors prior
to taking a class taught by them. Near the end of the semester, each student takes a
quiz on the topics taught in these classes, with an 80% required to pass. In 2018,
there was a 97% pass rate with an average score of 93.
Looking Forward
In 2019, the Finance team will continue with the Current Holding Analyses to bring
the number of securities in the Endowment portfolio closer to 21. Under the direction
of the newly-elected CFO, Samantha-Lynn Miner, the team will continue to analyze
the stocks held by the Fund to ensure proper diversification and maximum returns.
In addition, the Finance Team will work more closely with the Investment Team to
create a more unified team working on the portfolios.
FINANCE TEAM
UPDATEBY COLIN COGAN,
CHIEF FINANCE
OFFICER
2018 VOLUME 7
The Operations team is responsible for all internal liaisons between the Luter
School of Business and the Fund. With a very dynamic group, a typical operations
member is experienced in scheduling catering and rooms for meetings and events, IT
knowledge for our team built website, creative mindset to showcase our talent across
digital channels, and Human Resources to correlate all our members and keep
membership morality and attendance high. The Operations team was made up of 13
members at the end of 2018, and merged with the Development team at the start of
2019.
Looking Forward
Our goal moving forward is to work with the new Development/Operations
combined team to increase presence on campus and in the community. The
Operations team organized multiple business-oriented mixers with AKPsi at CNU in
2018, and hopes to continue to develop relationships with other campus organizations
throughout the new year. More defined positions are now available to members of the
team to keep everyone more involved and create as many hands-on marketing and
event planning opportunities as possible.
In 2019, we have decided to move our main event on campus, The Financial
Summit, to the Fall. We feel that having this event in the Fall Semester will attract
significantly more students than it has when held in Spring due to the Luter School of
Business holding larger events like Bus-Ex in the Spring.
The Operations team grew significantly in the Fall Semester of 2018 after
graduating nearly half the team. Interest in the Fund as a whole throughout the
campus has continued to grow. My successor, Hannah Feely, has excelled in
continuing our growth into the new year. I am confident that the new
Operations/Development Team will continue to excel under her leadership.
2018 VOLUME 7
OPERATIONS TEAM
UPDATEBY CAMERON OGREN
CHIEF OPERATIONS
OFFICER
2018 was a great year for the Development team. Our team grew and so did our
donations. We started off the year setting strong goals. We planned to build stronger
relationships with our alumni and donors, find new ways to reach out to the
community, and implement new positions within the team to motivate our members.
We did our yearly Rotary Club pitches which were a huge success. At our first one
of the year we ended up receiving a $1,000 donation to help kick off our new donation
program. Huge thank you to Sarah Browning from State Farm for that donation!
As the year went on, we started setting new goals for the upcoming year. We
decided as the Development Team, we wanted to focus more on developing the
members of the fund. Whether it was helping develop the members as students or
business men and women; we wanted to help them grow any way we could. We want
to teach the members about self-branding, setup exclusive resume workshops with
the Center for Career Planning and create a CEE Fund network for easy access to
internships and jobs that cater to CEE Fund’s members.
By the end of the year, as a team and Executive board, we decided to combine the
Development and Operations teams. We came to this decision because we all agreed
that we the teams are constantly working together on similar tasks. Instead of dividing
ideas and tasks between the teams, we believe it will be more beneficial for us to all
work as a whole. I look forward to seeing what great things this new team can
achieve.
2018 VOLUME 7
DEVELOPMENT TEAM UPDATE
BY BAILEY BIGGS
CHIEF DEVELOPMENT
OFFICER
MEMBERSHIP SUMMARY
MEMBERSHIP STATISTIS 3.46 - AVERAGE GPA
11 MAJORS REPRESENTED
CLASS BREAKDOWN
18 SENIORS
17 JUNIORS
21 SOPHOMORES
19 FRESHMAN
66 FALL 2018 APPLICANTS
18 ACCEPTED
2018 E-BOARD
2019 E-BOARD
Every fall, CEE Fund holds elections to appoint a new executive board for the following yearMeet your new Executive Board!
EXECUTIVE BOARD
CEO Justin Corlett
Junior, Finance Major
CIO Tim Haynal
Sophomore, Finance Major
CFO Samantha Miner
Sophomore, Finance Major
CD&OO Hannah Feely
Junior, Communications
Major
24 INVESTMENT
20 FINANCE
11 DEVELOPMENT
13 OPERATIONS
2018 VOLUME 7
CASE COMPETITIONS
This year, CEE Fund increased its presence in case
competitions by a substantial amount. The past three years, we
have had a team compete at the Engage Undergraduate
Investment Conference and Stock Pitch Competition. While we
participated once again, we also had two teams competing in
the PeepTrade University Challenge, as well as a team
currently participating in the CFA Institute Research Challenge.
Each experience proved invaluable, increasing member's
knowledge of financial markets, improving communication
skills, and inevitably spreading the word about the Captains’
Educational Enrichment Fund. These opportunities would not
have been possible without the support of the Luter School of
Business and many dedicated faculty members who support
the teams as they prepare.
2018 VOLUME 7
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2018 Engage UIC Team
VOLUME 7 2018
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