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Buffalo State students beat index in Adirondack Cup Competition


BUFFALO -- Four Buffalo State students in the Economics and Finance Department earned a return of 15.18 percent on a (hypothetical) million-dollar investment portfolio, outperforming the benchmark Russell 2000 Index in this year's Adirondack Cup competition.

Two of the students, Matthew Ohman and David Lee, hail from Buffalo.

"This is the fourth year students in the Economics and Finance Department have competed in the Adirondack Cup," said Gene Chaas, lecturer and faculty adviser to the team. "We've held our own against some outstanding schools." The team's final standing was eighth of 22 teams, after hitting third place during the 2016-2017 competition sponsored by Adirondack Funds.Alicia Lasch, director of investor relations with Adirondack Funds, came to Buffalo State in March to meet this year's team. "The students were really engaged and they asked a lot of great questions," she said. "It's wonderful to share our passion for investment and give students a little bit of exposure to the financial world. We encourage the teams to be thoughtful in their research and to think in terms of long-term strategy. We've been delighted to see the enthusiasm students bring to the competition."

Buffalo State is a State University of New York (SUNY) college located in Buffalo, offering more than 160 undergraduate programs,including business administration, education, forensic chemistry, psychology, and television and film arts. Every year, thousands of students benefit from Buffalo State's community engagement, hands-on learning opportunities, and affordable SUNY tuition. Buffalo State also offers more than 60 graduate programs.