Two students from the Sam M. Walton College of Business, University of
Arkansas, placed third in the second annual Investment Analysis Competition at
the Leonard N. Stern School of Business at New York University.
 Seniors Will Slabaugh and John David Tamas are members of the Walton College
portfolio management class. The competition was held as part of the fourth
annual Stern Summit on Global Business, a gathering of top students from more
than 100 business schools around the country.
"Congratulations to Will and John David for their excellent performance,"
said Craig Rennie, assistant professor of finance, Clete and Tammy Brewer
Professorship in Business, and faculty advisor for the portfolio management
class. "They were among strong competition in the six teams. The University of
Texas at Austin was first, and the University of South Carolina placed second."
The competition involved a valuation model, research, presentation, and "buy"
or "sell" recommendation of an emerging market security. It was sponsored by
Stern's investment club, Investment Analysis Group. In the Walton College
portfolio management class, where students manage a real stock fund of
approximately $1.37 million, Slabaugh serves as the fund technology analyst
while Tamas serves as fund manager and health care analyst. They received $100
each as part of their award.
Sarah Topham and Becky Miller were also among the Walton College Honors
Program students who were invited to attend the summit. They were led by John
Norwood, associate professor of business law and director of the Honors Program.
"This was a great honor for the University of Arkansas and the Walton
College, especially since they were competing against such top schools," said
Norwood. "These fourth-year Walton Scholars are among the highest academic
achievers in the college. This program offered them new expertise and a broader
understanding of the business world."
Two Walton College seniors won the investment competition at the 2005 Stern
Summit on Global Business.
The theme for the fourth annual Stern Summit on Global Business was "The
Disappearing Third World: A Paradox of Growth." The summit examined the
increasing divergence between developing nations that have flourished
economically in recent years and those that have failed to reap the benefits of
globalization. Keynote speakers included: William Easterly, NYU distinguished
professor of economics and author of The Elusive Quest for Growth and The White
Man's Burden, and Paul Solman, business and economics correspondent for "The
News Hour with Jim Lehrer." Panel discussions covered ethics in global business,
entrepreneurship and finance in developing nations, and the political economy of
development.
Ernst & Young sponsored the summit.
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