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UNI finance students win Krause Challenge

May 11, 2003
Contact: 

Mir Zaman, UNI professor of finance, (319) 273-2579
Vicki Grimes, University Marketing & Public Relations, (319) 273-2761

CEDAR FALLS, Iowa -- A team of finance students from the University of Northern Iowa has won the 2003 Krause Challenge. The Krause Challenge is a competition between four Iowa universities -- the University of Northern Iowa, the University of Iowa, Iowa State University and Drake University. Each team manages an all-equity stock portfolio. The team with the best earnings over a specified period of time wins. The portfolios were given to the schools by Krause Gentle Corporation in 1998. Krause Gentle is the parent corporation of Kum & Go.

The UNI team, led by Nicole DeGroot, UNI student representative and a senior finance major from Spencer, produced a return of 21 percent during the course of the school year. UNI was the only school of the four to show a positive return.

DeGroot also attended the Krause Gentle Corporation board of directors meetings. 'We were given an incredible opportunity to be exposed to the inner workings of a successful Iowa business. says DeGroot.

Mir Zaman, UNI professor of finance, serves as the UNI team's faculty advisor. This is the second victory for UNI in the competition's four-year history. The team also won the first year of the competition.

Note: to obtain a list of the students, please contact the Office of Univesity Marketing and Public Relations at 319-273-2761.