The document summarizes the experiences of a Stonehill College student, Nancy Cerqueira, during her semester abroad in Spain. It describes her experiences witnessing a general strike in Madrid and Granada in protest of labor reforms and budget cuts by the Spanish government. It discusses her conversations with Spanish and Portuguese students who expressed anger towards their governments and a desire to emigrate to other European countries for better employment opportunities. The summary provides context about the economic difficulties faced by Spain and Portugal at the time.

1. 1
Educational Experience Up Front And Personal
By Nancy E. Cerqueira ‘13
Our Mission
The Stonehill
College Financial
Management
Association’s
mission is to provide
opportunities for
professional
interaction between
and among
students,
practitioners and
academicians to
promote the
development and
understanding of
basic and applied
research and of
sound financial
practices, and to
enhance the quality
of education in
finance.
On the morning of March 29th
, I awoke to the sounds of demonstrators
protesting down the street where my shared flat was located, in the section of
Arguelles, Madrid. I could hear the whistles of various police officers blowing as
they tried to direct the high volume of cars that were attempting to squeeze
through the road. This traffic and protesting was just the beginning of the “Huelga
General,” or General Strike, that was prepared by two of Spain’s main unions, the
General Workers Union (UGT), a Socialist union, and the Workers Commissions
(CCOO), a Communist union. Due to the latest labor reforms and austerity cuts
brought about by the new Prime Minister, Mariano Rajoy, and the Popular Party,
Spaniards across the nation came together that day in an effort to show public
support against new reforms and budget cuts. Unfortunately, although many
Spaniards did participate, this strike did not dissuade the Spanish government, nor
did it stop it from cutting 27 Billion Euros from its budget for this year, just a day
after the general strike.
I experienced the further ire of the people of Spain later that night in
Granada, a city in Southern Spain. We traveled with friends by car later that day
to the city leaving early enough to avoid the demonstrations that were scheduled
for that evening. We arrived in Granada around 9pm. While enjoying the
company of friends and Spanish cuisine outside of a local restaurant, we were
suddenly rushed inside by the workers of the bar. As we gathered our belongings
in confusion, the employees of the bar quickly brought in any glasses or dishware
that was left on the outside tables. As we waited inside, the metal cages that

2. 2
Nancy E. Cerqueira ‘13
Nancy Cerqueira is a senior at
Stonehill majoring in International
Business and minoring in Spanish. In the
spring semester last year, Nancy decided
to do a semester internship in Madrid,
Spain in part because of here interest in
Europe and in part because Nancy has
family in neighboring Portugal.
While in Madrid, Nancy interned
for FRIDE, a European think tank for
global action, which provides innovative
thinking and rigorous analysis of key
debates in international relations. Prior to
her departure, Nancy spent two weeks
immersed in Spanish language training.
“I chose to go to Europe instead of South
America because of my interests in
Europe and family connections in France
and Portugal. It was a wonderful
educational, professional and social
experience. “
are used to lock up the bar were lowered, and everyone quietly
waited inside. Confused and scared, I had asked my Spanish friend
what was happening. He explained that the demonstrators of the
general strike in Granada were passing by the bar, and the owners
of the bar wanted its customers and belongings to be safe in case
the demonstrators proved to be violent. We waited as the
demonstrators passed by the bar, blowing their whistles and
chanting the phrase, “They want to end labor and social rights and
finish off everything.”
I spoke with one Spanish native who was an English
teacher at the university down the street. She and her boyfriend had
been considering moving to another country in the European Union
that was not suffering as much as Spain. Her principle issue
(shared by other Spaniards with a similar idea) was she did not have
the necessary funds to move and live in another more prosperous
country. As she explained, “Having the idea is one thing, but
having the money is another. We want to move to a country that has
better job opportunities and better pay, but we are stuck because
right now there is no way we can afford to move.” She continued,
“We would need secure employment in that country before we
moved. In countries like Germany and Switzerland, the cost of
living is very expensive. It’s all just a mess.”
Spanish natives were not the only ones to share this
perspective. I have family and friends in Portugal and they have
expressed the same concern. One of my friends, Liliana Filipa
Sousa, who is currently attending ESTSP in Porto, Portugal,
explained to me that the closer she gets to graduation, the more she
is considering leaving Portugal to explore opportunities in different
countries because there are no employment opportunities in
Portugal. More and more Portuguese are migrating to Brazil or
Portuguese-speaking territories because they are so desperate to
find employment. Much like my Spanish friends, Liliana described
the anger that was sweeping Portugal in regards to the government
and the steps they are taking to fix the economy.
I know other families from Portugal that have successfully
migrated to different countries in the European Union, mainly
France, Germany, and Luxembourg. In the case of my family, my
parents, as well as my father’s side of the family were lucky enough
to migrate to the United States. My mother’s side of the family had
all migrated to France. The villages of my grandparents have
slowly become less and less populated as more and more families
are forced to migrate to different countries in search of
employment. As my grandmother said to me once, Os tempos ‘tão
maus, or, “times are bad.” She couldn’t be more right.

3. 3
Stonehill
FMA
Honored
With
2012
Superior
Chapter
Award
Repeat…Repeat!
By Danielle Rellas ‘13
It was a chapter goal for 2011-12. But it was an important
goal. It required cooperation and effort from many members of the
Chapter. So when we heard that we received the Super Chapter
Award earlier this year, we were thrilled. The Superior Chapter
designation is the highest honor for an FMA Student Chapter or
Honor Society. And according to the FMA International, only about
5% of active chapters receive the honor each year. Stonehill shared
the honor this year with such prestigious universities as American,
Arizona State, Auburn, Georgetown, James Madison, Loyola,
Portland State, Temple, and Maryland to name a few.
Are we going for a repeat? You bet. We have been extremely active
this semester with a series of guest presentations, events and
activities including a field trip to Waters Corp. already behind us.
Stonehill
Welcomed
into
CFA
Institute
University
Recognition
Program
By Danielle Rellas ‘13
Stonehill has become one of the first colleges to be
welcomed into the Chartered Financial Analyst Institute University
Recognition Program. Admission to the program means Stonehill's
Finance Major has been acknowledged for incorporating into its
curriculum at least 70 percent of the CFA Program Candidate Body
of Knowledge (CBOK) and emphasizing the CFA Institute's Code
of Ethics and Standards of Practice. The program positions
students well to obtain the Chartered Financial Analyst®
designation, which has become the most respected and recognized
investment credential in the world. Entry into the CFA Institute
University Recognition Program signals to potential students,
employers, and the marketplace that the Stonehill curriculum is
closely tied to professional practice and is well suited in preparing
students to sit for the first of three levels of CFA examinations.
Students in the programs will gain access to CFA Institute
textbooks, journals, webcasts, and other educational resources.
Stonehill College
Financial Management Association
2012-13 Chapter Officers
Danielle Rellas – President
Tyler Draper – VP Marketing
Dan O’Malley – VP Fundraising
Christopher DeNapoli – VP Finance
Christina Simoes – VP Social Media
Kevin McCann – VP External
Communications
Greg Syrek – VP Investment Research
Joseph Chiappone – VP Investment
Research
Amanda Le Blanc – VP Fundraising
Newsletter Committee and
Contributors
Kevin McCann (Editor-in-chief), Greg
Syrek, Joseph Chiappone, Nancy
Cerqueira, TJ Horrego, Dan O’Malley
& Danielle Rellas
Michael G. Mullen – Faculty Advisor
Special thanks to the FMA Chapter at
Zhongnan University of Economics
and Law
ON THE MOVE IN 2012

4. 4
Developing a dialog with the students of the
FMA Chapter at Zhongnan University, China is a
natural extension of Stonehill’s global business
curriculum. We are obviously a world apart in so many
ways but are excited about the prospects of sharing
experiences and building on our common brotherhood
fostered by the FMA International.
Founded in 1948, Zhongnan University of
Economics and Law (ZUEL) is located in Wuhan, a
metropolis of Central China. The university is
composed of schools in humanities, economics, law,
foreign studies, journalism, business, public
administration, accountancy, mathematics and
education. Its full time teaching and administrative
staff is as large as the Stonehill student body. ZUEL is
the only university in China that is a part of the FMA.
We were curious about what a typical day
might look like for an FMA member in ZUEL and the
chapter was kind enough to contribute two essays for
this publication. It was a great opportunity for them to
practice their English writing skills and for us to get
some different perspectives on Chinese economics and
finance.
Kevin McCann ‘13, an International Business Major
at Stonehill College spent the fall 2011 semester at
the University of International Business and
Economics in Beijing, China. Kevin has been our
lead student representative in working with the
students of the FMA Chapter at Zhongnan
University, China.
ZHONGNAN UNIVERSITY, CHINA
BEYOND THE STONEHILL GATES

5. 5
Life Is Never Dull At University In China
By Berry Wang (王艺伦)
Freshmen Days At ZUEL – Not a day goes by without wonderful
opportunities and activities outside of the classroom for students at ZUEL.
Such activities are especially welcomed by freshman as the memory of the
demands and monotony associated with preparing for the National Entrance
Examination required to attend universities in China lingers. You cannot
help but share a passion for any or all of the various extracurricular
activities that enrich your life while attending university. At ZUEL,
activities are generally broken down into three types: (1) Academic
societies like the FMA, the Drucker Management Association, the Financial
Investment Association, to name a few; (2) Recreational societies such as
dancing club, magic trick club and the glee club; (3) career development
societies including Blue Print Career Club, the International Accounting
Salon etc. Anyone who is interested in any club or student society is free to
sign up for it. Also, he or she is able to join several clubs at the same time.
Thus, apart from classes, freshmen have a large amount of time to take part
in various activities. Although while it is challenging to strike a balance
between activities and studies, those who manage to do it will definitely
stand out from the crowd, often winning scholarships and gaining other
opportunities.
Notes From Sophomores And Juniors – Days for sophomores
and junior students are a bit different than freshman. Most students have a
clearer view of their future after about a year or two at university. Students
who plan to study further for masters or doctorial degrees will spend most
of their days in the library or self-studying rooms. Reading English in the
early morning, reviewing lectures and readings the rest of day. For students
who prepare to climb the career ladder when they graduate, they will
engage more in building leadership and communication skills required
when hunting for jobs. As such, you might see these students taking
leadership positions in management boards, such as the student union, in
clubs, or in taking active part in competitions such as business-case study
competitions. Moreover, most students will begin to seek internships for
the summer, as this is the perfect opportunity to pave the way for a first job.
Senior Students At ZUEL – Here, I will introduce to you the lives
of the seniors who are job-hunters. Most of them finish their graduation
requirements by their junior year, making it convenient for them to spend
more time searching for jobs. CVs are carefully prepared and students do a
great deal of research about the companies they might like to join.
Throughout most of the academic year, many companies come to campus to
recruit, such as banks, accounting firms (KPMG, PWC) etc. In cases where
companies do not go to recruit at the ZUEL campus (like P&G), interested
seniors will often travel to other universities where recruiting takes place.
As a student experiencing life at ZUEL, it is fair to say that it is
wonderful, fruitful and colorful. We warmly welcome you to come here to
experience a widely divergent life at ZUEL！

6. 6
Opportunity
and
Challenges
of
Doing
Business
In
China
By Cindy Zhao (赵信)
Following the global financial crisis of 2008, the
world economy has been slowing. And recently, it has
been further hampered by the sovereign-debt crisis in
Europe and export weakness in Asia. It seems the global
economy is in need for something to give it a boost. As a
result of all this, investors have chased after growth
around the world and in particular, focusing on the
emerging markets, including China.
China’s large population, fast GDP growth, and huge
opportunity to start businesses are very attractive to
potential investors. However, not everybody can or will
succeed in China. Even well capitalized enterprises such
as the “Big 4” accounting firms have had issues. So what
does it take to be successful in China? Here are some
suggestions as a student of business at Zhongnan
University of Economics and Law (ZUEL).
Needless to say, there are many common things in
doing business in both China and the U.S., such as the
pursuit of effective management. Still, there are some
important differences to note and getting familiar with
the policy of China is very important. Take for example,
the economic system. In China, there are two sectors: the
public sector and the non-public sector. In the public
sector, state-owned enterprises play an important role in
economic development. However, after the economic
reformation in 1984, the government began to put more
emphasis on the non-public sector, from foreign capital
to local private companies. Nowadays, China continues
to allow increased international ownership but will
maintain influence over foreign capital to some degree or
another. Knowing which industries are easier to enter
and which are not is a fundamental point to consider
before starting business in China. Otherwise, the
exposure to all kinds of risk may end up costing your
operation a great deal of time and money.
Second, the cultural differences are something that
you can’t miss. It is well known that China has a large
population, roughly 1.4 billion people. If the power of
consumption is relative to its population, China should
offer a great environment to set up business. At issue is
whether this potential demand can translate into a large
demand for your product. Sometimes it does and
sometimes it does not. Many years ago, when Chinese
productivity was not able to meet the demand of people,
Chinese consumers were delighted to buy imported
products. But that is not necessarily the case today. More
and more consumer products are produced in China and
are increasing in popularity among domestic consumers.
If you want to succeed in selling to the Chinese consumer,
you have to know the Chinese better than Chinese know
themselves.
Lastly, innovation is still the most important factor in
appealing to the marketplace in China. As said earlier,
Chinese productivity is growing fiercely. However,
homogeneity is a problem that has existed for a long time,
especially in manufacturing business. At present, the
Telecommunication and Internet industry play a big part
in driving growth. Take for example, Alibaba, a

7. 7
successful E-business company. Alibaba was founded in 1999. It created an online trading platform for Chinese
Internet users for B2B (business to business), C2C (customer to customer) to B2C. The publically traded market
value of the company grew to $35 billion in 13 years. Although many E-business companies appeared later, Alibaba
still remains the industry leader. The reason is that in addition to the construction of the platform, it also devotes
itself to a payment system, logistics system and so on, making it a big business system that cannot be easily replaced.
Besides, it continues to develop new products and create new platforms to meet the demand of potential new markets.
So when competition is fierce, it’s necessary to think how to be more advanced than others.
There are many common ways to do business all over the world. The basics shared above should be given
special attention to if we want to succeed in doing business in China. As with any market opportunity, the more you
know about it, the greater chance of success. Business has gone global. So come on!
Certification Gives You An Edge
Certified Bloomberg training is available
free to all Stonehill College students.
Bloomberg terminals are located in the
Stanger Tech Center and instructions can
be found on the web at:
www.stonehill.edu/x24264.xml
Training could improve your grades and /
or boost your chances of landing that
prized internship or post-grad job
opportunity.

8. 8
Steps From The “Fiscal Cliff”
By Greg Syrek ‘13
As the 2012 calendar year is coming to an end the
“fiscal cliff” is becoming the most talked about topic.
For those who are unaware of what this is exactly, it is
simply a combination of tax increases and budget cuts
to address the massive deficits in Congressional
spending. That may sound good, but without proper
due diligence, it could lead to serious economic
consequences. If U.S. legislators cannot successfully
come to a bipartisan agreement by the end of the year
on how to change policy measures, it would greatly
increase the risk of the economy falling into another
recession during 2013 and could potentially impact
our nation’s financial health in the long-run.
The first aspect of the fiscal cliff response
involves tax rates and policies. In 2001 and 2003 the
Bush administration passed a series of bills that
reduced income tax rates across all tax brackets, made
tax concessions on capital gains and relaxed policies
for retirement funds. President Obama ultimately
extended most of these provisions in 2010 in an effort
to stimulate economic growth trade for increases in
entitlement programs and federal aid. The agreement
was temporary and set to expire on January 1st
, 2013.
Next, the U.S. Government will be forced to make
spending cuts across the line, affecting the majority of
government programs and federal agencies, with the
defense department taking much of the impact.
Highlighted in the Budget Control Act of 2011, there
would be automatic “sequestration” (triggered budget
cuts) of defense and non-defense spending totaling
$110 billion per year for 10 years if Congress and the
President cannot come to an agreement by January 1st
,
2013. As a result, all of these measures are aimed to
drastically cut the federal deficit, but the adverse
effects this will have on short-term economic growth
will be enormous. An automatic increase in taxes and
spending, coupled with a sudden decrease in the
deficit all at once will send the United States directly
into another recession.
In the United States Congress, Democratic and
Republican agendas and interests are at odds,
hindering any progress towards a palatable solution.
Many have suggested that the focus should involve
reducing spending rather than increasing tax revenue,
in addition to possible cuts in entitlement programs
such as Medicaid and Social Security.
Arguments between the Republicans and
Democrats have not paved way for much progress,
even after the conclusion of the 2012 elections.
Concern for what will be done before January 1st
and
what will happen after the deadline is growing rapidly.
Professor Ewell of the Political Science Department at
Stonehill College believes that the likelihood of any
major decision being reached will happen beyond the
deadline, thus Congress and the President will
ultimately "kick the can down the road." What will
most likely happen, according to Professor Ewell, is
that tax cuts for households below the $250k tax
bracket will be extended, and any major decision
regarding budget cuts and deficit measures will take
place after the fact. He also mentioned that the
biggest problem now is not for Congress to find a
solution that will not only benefit short term economic
growth, but that will also protect our nation’s long-
term capabilities to control our budget and handle our
growing debt problem.
The solution is not simple, nor is the process of
getting there. If our hope is to get to a viable solution
then there must be cooperation between Congress and
the President. The President must be less divisive in
his policy and Congress has to act rationally not to
bankrupt the nation.

9. 9
Will
Pandora
Find
A
Home?
By T.J. Horrego ‘13
Look around the MacPhaidin Library or
Stanger Tech Center some evening and one thing will
be obvious, most everybody is tuning into his or her
own personal music space. It might be on their iPods
or iPhones or maybe through Pandora but it seems
they are always tuning into something that helps deal
with the toll of study. Technology has made music
very personal and very portable. With the flush of
new products by the major manufacturers in recent
months, it will be interesting to see how things change
going forward.
Since the inception of iTunes and the iPod,
Apple Computer has been the catalyst of change in the
music industry. Its MP3-like devices and iTunes
platform has emerged as the platforms of choice for
consumers. In recent years, it has enhanced its market
position with product innovation in the iPhone and
iPad; allowing for multiple devices to connect to the
Apple ecosystem. No other platform has rivaled
iTunes’ ability to connect the listening, purchasing,
storage, and transferring of music to devices in such a
fluid and easy way. A closed ecosystem creates a
scenario in which consumers are bound to device and
the platform because of the inability to mix MP-3
purchases and devices. Consumers still have a choice
but the Apple system just makes it far too easy to want
to reach outside of the system for the same product
Apple offers at a competitive price. As a result, no
true competitor to Apple and iTunes has been able to
emerge. And as long as Apple stays out in front of the
competition with novel technology innovations, it will
be hard to see any company unseating its role as
market leader. In fact, Apple just recently announced
plans to implement a Pandora radio-type service in its
ecosystem and make it standard on the mobile device.
As a result, entertainment company, Pandora,
saw its stock price plummet on the news. The share
price came off its September high of $12.57 and
closed December 3, at $8.96. Heavy rumors suggest
Apple will launch the product in early 2013. Pandora
must adapt quickly, otherwise its prospects will
quickly dim. There are multiple strategies going
forward for Pandora to stay in the game. The idea and
presentation of Pandora is genius in itself. Pandora
allows users to listen to a shuffle stream of music that
is dependent on user preference. Users choose an
artist(s), genre, or composer and the application
chooses songs in the same genre. Pandora offers users
a “thumbs up or down” option; this allows the system
to customize the mix of music to the customers liking.
The application is free but users must listen to a short
advertisement every so often.
Survival for Pandora may depend on its
ability to be integrated into another ecosystem.
College-age consumers listen to Pandora religiously.
Pandora is synonymous with studying at the library,
pulling all-nighters and even the occasional power
hour; it’s great for any time of day, no matter your
activity. To stay relevant, Pandora must capitalize on
its brand value, content, and user base assets. Pandora
should market itself to potential buyers or investors as
an asset in the battle for market power. Viable buyers
include Amazon, and Microsoft.
Currently, Amazon offers an MP-3 store and
tablet device called the Kindle Fire. Creating an
iTunes type platform will create competition in the
space and benefit consumers. Amazon could offer
Pandora in a package with the Prime Membership or
the Kindle device. In the package would be a Spotify-
type service allowing for renting of songs through
Amazon’s store and the Pandora Radio service. The
tablet market is young in its cycle and has tremendous
room to grow. Amazon will need to differentiate itself
going forward and Pandora could help in that strategic
move.
The tablet and smart phone products are early
in their life cycle and gaining market share is

10. 10
extremely vital now. Gaining loyal customers as they
begin to form their preferences is the key to long-term,
sustained growth. Amazon already owns a cloud
service and this could be used for storage of MP-3s
while also allowing access from multiple devices. The
recent trend in the market has been for customers to
prefer renting to owning. Examples include, Netflix,
Red box, Game Fly, Spotify etc
.
Microsoft recently released the Surface tablet
device and announced plans to create its own mobile
device either with a partner or alone. With piles of
cash and a stagnant stock, Microsoft needs to stay
current and to assert itself into the device market. It
appears to have taken the Burger King approach in
that they have used Apple’s store location research to
establish retail locations of its own. Microsoft must
assert itself as a viable competitor to Apple and in
order to gain customer confidence; product
differentiation is a key. Providing a Spotify-type
service for individual songs and the Pandora radio
would rival Apple’s new strategy for its iPhone. This
will create more competition and ultimately benefit
the consumer.
The market for personal music devices is in a
very important stage where companies need to
showcase their value as customers begin to decide on
their favorite tablet and smart phone products. These
are expensive but important products to own in
today’s world. Customers spend a lot of time
deciding on the purchase of this product and will most
likely continue to purchase new versions if they are
satisfied. Upending Apple’s established brand will be
difficult but Microsoft and Amazon may have a great
opportunity if Pandora’s technology can find a home
as part of their ecosystems. For those avid listeners of
Pandora, we can only hope so.
Heard
of
“Cloud
Computing”?
If
Not,
Take
Your
Head
Out
Of
The
Clouds.
By Dan O'Malley ‘14
Cloud computing has become one of the most
efficient and vastly popular concepts in recent years.
Through its development, businesses have the ability
to subscribe to applications that allow their employees
to access customized accounts while utilizing a secure
and reliable network of information. This concept has
transformed the technology industry and directly
influences how businesses operate.
Inevitably, businesses have one purpose: to
earn profits. In order for companies to generate
revenue and operate properly, there are a vast number
of variables required. Businesses have operating
systems and applications to store and access
information. These business applications cost money,
and are typically very expensive. The ways in which
this information is stored has progressed in recent
years, from filing cabinets of paper records to colossal
servers containing electronic files. These electronic

11. 11
files are essentially Cloud Infrastructure and prove
extremely complex. However, the intricacy of this
technology will reduce costs pertaining to company
maintenance, as well as significantly increase
efficiency.
The basic concept behind cloud infrastructure
is to provide variability and availability. There are
three types of cloud computing: Software as a Service
(SaaS), Platform as a Service (PaaS), and
Infrastructure as a Service (IaaS). It is apparent that
cloud computing is essentially a service for businesses
and users. However, each of these three segments
provides different demands for the end users.
Individual users or businesses have unique requests
and expectations. Cloud computing meets these
demands and provides customizable applications to
meet the users’ satisfaction. Microsoft is a great
example of a company who offers all three of these
services to their consumers.
Application use on the cloud provides clients
with many technical advantages and results in
significant savings overtime, opposed to using
applications on locally managed servers. The largest
cost reduction is a result of the lack of physical
hardware that exists to manage a server. On average,
servers cost more than $6,000, and this does not
include maintenance, failure expenses, insurance cost,
technology training, back up process, and most
significantly, electricity expenses. Additionally, most
companies are not using one server, they are using
multiple, if not many. Cloud Infrastructure eliminates
the need for hardware and physical software
investments, reduces time and effort for users, and
eliminates the requirement for upgrades and physical
maintenance.
Cloud computing also develops a
collaborative relationship with both clients and
business. Improved communication leads to both
efficiency and profit maximization. The adoption of
cloud computing in a company proves to have a
significant impact on the cost benefit through
improved efficiency, well-developed collaboration
amongst the business and clients, as well as a more
vast availability of resources.
Adopting the cloud will reduce costs,
eliminate the time required to back up data, and will
provide a substantial increase in the amount of data
that can be stored. Once data in any form is stored on
the cloud, it enters into the most advanced data centers
in the world. There is no threat of mechanical failure
resulting in the permanent loss of the data. It is
apparent through studies and research that the
transition to cloud is the future. Physical backup
servers and storage centers will no longer exist. All
information will be easily accessible, widely familiar
throughout industries, and will be a reliable source for
data storage.

12. 12
FMA STOCK MARKET SIMULATION GAME
UPDATE
This year’s stock simulation for the 2012 fall semester was both exciting and
competitive. We had a great turnout, 15 participators in total. The game started on
October 10, 2012 and ended December 4, 2012. Our top three performers were
Matthew Andrien ‘15, Kevin McCann ‘13, and Jimmy Gaughan ‘15. The three
candidates realized returns of 12.23%, 5.15% and 2.07% respectively. All of these
returns beat the market during this time period, with the S&P 500 posting a return
of (-1.78%) and the Dow Jones Industrial Average at (-2.95). Over the past two
months there has been a lot of volatility within the stock market simulation game.
This year has been one of the most competitive yet with the Top 10 list in constant
change. The officers of the Stonehill FMA congratulate the winners and alert the
membership to be prepared for the next stock simulation game in the spring 2013.
Stonehill College
Financial Management Association
Follow us on Facebook and our website: http://stonehillblogs.org/clubs/fma/
Stonehill College - Depart of Business Administration - Easton, MA 01770