by $100,000 to $200,000 & more
This past week, Laker Asset Management’s leadership team finalized negotiations with Mercyhurst University’s endowment committee. The endowment committee has agreed to increase the club’s assets under management by $100,000, bringing the total to $200,000. This increase in funds is a massive milestone for the club, and the increased equity will help make the club more engaging and interactive from semester to semester. The club extends its deepest gratitude to Mercyhurst University for investing, trusting, and in helping further our member’s careers.
Furthermore, LAM is in the final planning stages of a one day trip to Pittsburgh (Fall semester) and a multiple-day trip to New York City (Spring semester). We are excited to keep expanding the clubs network. Both trips will have a minimum out of pocket expense for members.
Come to our weekly meeting tonight at 7:00 pm in the CAE 311 to hear a detailed presentation about the following matters:
- How we plan to distribute the $100,000
- How it will make our club move at a faster and more engaging pace
- Pittsburgh trip details
- NYC trip details
- New efforts into alumni relations
- Development of a new investment policy
- Plan to become a more integrated part of the Walker College of Business