A team of Boise State University business students that received $50,000 from D.A. Davison & Co. to invest between September 2011 and August 2012 made $23,125.88, or a gain of 46.25 percent.
The College of Business and Economics students ranked No. 1 by a healthy margin among the 20 schools in the program, each of which received $50,000. The No. 2 school was Gonzaga University with a 32 percent return. Boise State was also the top investment earner in 2003 and 2006.
A key element was investment in a biotech company students believed would get favorable news from the Food and Drug Administration regarding a proposed drug, said Harry White, a Boise State finance professor. They were right, and the stock rose.
Boise State will keep $10,312.94. The money will be invested and its earnings used for scholarships.
The program is meant to give seniors hand-on experience in investing and portfolio management.
Bill Roberts: 377-6408