Alumnus donates funds to launch Student Pirate Investment Fund
Thanks to a recent donation to the College of Business, the Student Pirate Investment Fund is set to go live.
The $100,000 leadership gift by East Carolina University Trustee Bob Plybon, a graduate of the college, will be part of a graduate/undergraduate-level finance class where students will serve as investment advisors. They will construct, manage and monitor the fund using approaches employed by professional registered investment advisors.
“I think it’s important that young people have some accountability for what they’re learning,” said Plybon of Greensboro. “If we can put something in place where our students can have a great learning opportunity and make a difference in other students’ lives again and again, what a great legacy.”
The class of 20 students meets twice a week with the college’s Department of Finance Chair Dr. Scott Below, who says the students now can put what they’ve learned in the classroom into practice. According to Below, students will “act in a variety of investment management roles and will have full fiduciary responsibility, following the tenets of modern portfolio theory.”
Original story by Michael Rudd; video by Rich Klindworth. March 3, 2017.