[January 28, 2015] |
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A Gift for Student Investors at USC Marshall School of Business
Student investors at the USC Marshall School of Business will soon
benefit from access to a significant source of new capital. Van Eck
Global, an investment management firm based in New York, has donated $3
million for a new student investment fund and educational travel
scholarship.
"We are very excited to forge strong links between Van Eck Global and
the USC Marshall School of Business and the Center for Investment
Studies," said Jan van Eck, CEO, Director and President of Van Eck
Global. "We hope this gift will encourage Marshall students to pursue
careers in the investment community."
The Center for Investment Studies (CIS) will administer the new fund and
scholarship.
"We are enormously grateful for Van Eck Global's commitment in helping
our students grow," said Suh-Pyng Ku, professor of clinical finance and
business economics and the director of CIS. "This is a very significant
gift for our student investment fund program. I'm thrilled for the
students' expanded learning opportunities in ETF asset allocation across
a wide range of asset classes."
The new fund-to be named the Van Eck Global Student Allocation Fund-will
be seeded with $2 million of the gift. The objective of the Fund is to
explore asset allocation methods, which is different from many other
student investment programs that focus on security selection. Van Eck
Global is a leading manager of Exchange Traded Funds (ETFs), offering
investors a wide range of equity and fixed income alternatives. The
total ETF market has grown to exceed $2 trillion globally. The remaining
$1 million will go toward creating the Van Eck Global Scholarship
Program, which will help student investors travel to New York and
elsewhere to present their fund portfolio results.
"With the Van Eck Global Scholars program, the company hopes to
incentivize high-achieving students to pursue their dreams on a larger
stage and consider launching their careers in New York City, which is
the hub of the investment management community," said Cynthia van Eck
('86), Jan van Eck's wife.
"With their generous and visionary gift, the Van Eck organization is
helping to grow USC Marshall's reputation within the investment
management community," said James G. Ellis, dean of USC Marshall. "There
is already a strong connection between our alumni and the investment
community in New York, and the Van Eck Scholars program will make it
even more robust for future generations of Trojans."
The CIS was created in 2001 with a gift from Larry (MBA '76) and Karen
Tashjian. It is a forum for students to acquire experiential learning,
faculty to conduct research and industry practitioners to share valuable
insights.
The generous Van Eck Global gift helps to advance the Campaign for the
University of Southern California, a multi-year initiative to raise $6
billion or more in private philanthropy to advance USC's academic
priorities and expand its positive contributions to the community and
the world. USC Marshall has raised nearly $300 million of its $400
million contribution toward the total goal.
About the USC Marshall School of Business
Consistently ranked among the nation's premier schools, USC Marshall is
internationally recognized for its emphasis on entrepreneurship and
innovation, social responsibility and path-breaking research. Located in
the heart of Los Angeles, one of the world's leading business centers
and the U.S. gateway to the Pacific Rim, Marshall offers its 5,700-plus
undergraduate and graduate students a unique world view and impressive
global experiential opportunities. With an alumni community spanning 123
countries, USC Marshall students join a worldwide community of thought
leaders who are redefining the way business works.
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