2008 Press Releases

UCC Economics students presented with awards
06.08.2008

Mr Michael Buckley, former Chief Executive Officer (CEO), Allied Irish Bank, recently presented awards to the winners of the Stock-Trak portfolio management competition as part of the MSc Financial Economics Programme in the Department of Economics.

The competition runs throughout the year in conjunction with programme lectures and external practitioner workshops. Each student manages their own simulated asset portfolio trading in real-world securities (equities, bonds, currencies, commodity derivatives etc) at actual prices but with simulated capital. Despite it having been a particularly turbulent year in global financial markets with volatility reaching unprecedented levels the competition winners achieved returns ranging between 50% and 100% - a remarkable achievement when many industry professionals are in the red!

Pictured at the event receiving their prizes from Mr Michael Buckley, Adjunct Professor, Department of Economics and Chair of the Advisory Board, Department of Economics were: Karl Hurley, Michael Lucey and Padraig Cahill of the MSc Financial Economics 2007/08 class.     

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