History

 
1999

The Center for Portfolio Management was formally founded in the Fall of 1999 by Dr. David Sauer, Dean Sam Gould, Inaugural Manager Adam Molina, and the University of Dayton Administration with a one million dollar grant of the University of Dayton's Endowment. There were originally 27 additional members of the “Core” team that launched the Center and laid the foundation for years to come. These individuals, along with Dr. Sauer, created the backbone of the Center during the 1998-1999 academic year to prepare for the grand opening in the Fall of 1999. The policies, procedures, and structure of the organization were built during the year.

Beginning in the Fall of 1999, the Center for Portfolio Management was formally open to the University community. The Center staff, all undergraduate students, was arranged into teams to allow for focused programs and individual responsibility. The teams included: Professional Relations, Undergraduate Outreach, Community Outreach, Development, Operations & Logistics, and Management. Each team created programs designed to further the goals of the Center in reaching out to students throughout the University as well as members of the community.

2001


In April 2001, the Center introduced the RISE (Redefining Investment Strategy Education) Symposium. RISE is a first-of-its kind symposium bringing together students, professionals, and academics in a learning and sharing environment where investment education is linked with investment strategy. The RISE 14 Forum will take place March 27-29, 2014. More about the history of RISE and the upcoming Forum can be found at the RISE Forum page.

2003


The most visible change was the renaming of The Center for Portfolio Management to The Richard P. and Susan P. Davis Center for Portfolio Management (The “Davis Center”) after a generous gift by the Davis family, who are long-time Center and University supporters. In addition, staff members oversaw the initial creation of The Davis Center Alumni Association, the increased coverage of the internship program, and benefited from the addition of a databoard to compliment the stock ticker.

2012-2013


Since 2003, the Davis Center has continued to prosper and grow. Through numerous capital injections and investment performance, the Flyer Fund has managed to grow from $1M to over $18M making it one of the top five largest student-run portfolios in the nation. Similar to the Flyer Fund, the Davis Center has had a dramatic makeover, with over $100,000 in updates. Upgrades include:  11 new Bloomberg terminals, full customizable color ticker, and a four screen touch monitor giving access to the latest market news and prices. The structure of the Center has also changed. The Professional Relations, Undergraduate Outreach, Community Outreach, Development, Operations & Logistics, teams have been reorganized. The new teams now include Management, Securities Analysis, Economic Analysis, RISE, and Outreach. To learn more about our new structure, visit the Structure page.