Baruch College Announces Winners of the
Second Annual MBA Asset Management Competition

New York (May 13, 2005) - The Zicklin School of Business at Baruch College announced today the team from the Robert H. Smith School of Business, University of Maryland as the winners of the second annual Inter-MBA Asset Management Competition. Six student teams from area graduate schools participated in the seven-month competition by managing investment portfolios and issuing final reports on strategy and performance.

This year's teams included:
- Zicklin School of Business, Baruch College: Oscar Pinzon and Li Sun
- Lubin School of Business, Pace University: Lindsay Blau, Casey Flavin, Indy Sil and Li Yao
- Georgetown University: Ayan Bhattacharya, Zachary Gast, Dimitar Pantchev and Phillip Scully
- Fordham University: Evan Kessler, Dinu Mathew and Robert Powell
- Robert H. Smith School of Business, University of Maryland: Casey Rentch, Matt Adinolfi, Kamran Shahid and Mohammed Alam
- Stern School of Business, NYU: Robert Du Boff, Amy Ha, Stephanie Lee and Donald Sauber

The competition began in November 2004 when each team was given an identical portfolio of 50 stocks. Teams were asked to articulate an investment strategy and then rebalance the portfolios each month through April 2005. In April teams were asked to submit final reports summarizing their strategies, trades and analysis of their portfolio performance. A panel of Wall St. experts ranked the final reports.

The judges for this year's competition were:
- Scott Geller, Principal and Director of Trading at Cramer Rosenthal McGlynn, LLC,
- Joseph Pignatelli, President and Member of the General Partner of the Archstone Partnerships
- Larry Simon, co-founder, President and CEO of Ivy Asset Management Corp
- Sandra Roth (retired), former Chief Equity Officer and Senior Vice President of Benefit Capital Management Corporation
- Stephen O'Connor (retired), formerly of Goldman Sachs and Morgan Stanley Dean Witter

The final scores for each team consisted of their portfolio risk adjusted rate of return (60% of the score) and their final report ranking (40% of the score).

The sponsors of this year's competition were RINA Systems, who provided their HedgeFacts asset management and analytics software platform, the Zicklin Graduate Programs at Baruch College and the Baruch College Fund. Zicklin MBA students Adam Ian Chaim and Dave Garibaldi, Professor Richard Holowczak, Director of the Wasserman Trading floor/Subotnick Financial Services Center, and Professor John Merrick, Associate Professor of Finance organized the competition.

For further information about the competition please contact:
Richard D. Holowczak, PhD
Associate Professor, Computer Information Systems
Director, Wasserman Trading Floor/Subotnick Financial Services Center
Baruch College, City University of New York (Box H125)
1 Bernard Baruch Way New York, NY 10010
Tel: 646-312-1544 or 212.802.2643 E-Mail: richard_holowczak@baruch.cuny.edu