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CU • News & Events

Clarkson University Team Places Third in Adirondack Cup

Release Date
Thursday May 2, 2019
Adirondack Cup
Left to right: Alexander Lavigne, Caleb Adams, Greg Moro, Allan Zebedee, Matthew Reiner, Devin Brosseau and Drew Lewis

A team of Clarkson University business undergraduate students placed third out of 27 teams in the Adirondack Cup, a stock-picking contest for students interested in the investment field. The competition is sponsored by Adirondack Research & Management, Inc. based in Guilderland, NY. In total, more than 200 students participated in the competition.

“The goal of this competition is to give real-life experience for economics and finance students interested in pursuing a career in financial services,” states the Adirondack Funds website. The competition ran from October 2018 to April 2019.

The members of the Clarkson team included business majors Devin Brosseau ‘19, Greg Moro ‘20, Aaron Thow ‘19, Alex Lavigne ‘19, and Caleb Adams ‘19. The team with their faculty advisor, Professor Allan Zebedee, designed a diversified small-cap portfolio focused on the cannabis industry. By selecting securities related to the cannabis industry the team was able to generate a return of 40 percent.  The team’s performance outpaced the Russell 2000, an index used to measure the overall performance of small cap stocks in the U.S, by over 35 percent.  

Mathew Reiner, a principal from Adirondack Research & Managementand the co-portfolio manager of the Adirondack Small Cap Fund, a no-load mutual fund established in 2005, visited Clarkson University last week.  In addition to presenting the students with a trophy acknowledging their third-place finish; Mr. Reiner conducted a round-table discussion about the investment industry with students.

As a private, national research university, Clarkson is a leader in technological education and sustainable economic development through teaching, scholarship, research and innovation. We ignite personal connections across academic fields and industries to create the entrepreneurial mindset, knowledge and intellectual curiosity needed to innovate world-relevant solutions and cultivate the leaders of tomorrow. With its main campus located in Potsdam, N.Y., and additional graduate program and research facilities in the New York Capital Region, Beacon, N.Y., and New York City, Clarkson educates 4,600+ students across 95 rigorous programs of study in engineering, business, the arts, education, sciences and health professions. Our alumni earn salaries that are among the top 2.5% in the nation and realize accelerated career growth. One in five already leads as a CEO, senior executive or owner of a company. To learn more about Clarkson University, go to www.clarkson.edu.


Photograph for media use is available at:
/sites/default/files/media/image/2019-05/adk-cup-winners.jpg

Photograph Size:
Width: 1732px
Height: 1154px

News directors and editors: For more information, contact Melissa Lindell, Director of Media Relations, at 315-268-6716 or mlindell@clarkson.edu.

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