Brent Noh named first-quarter winner of UM-Dearborn's Investment Challenge

Brent Noh, a student at U-M’s Ross School of Business, has been named the first-quarter winner of University of Michigan-Dearborn’s Investment Challenge.

Sponsored by UM-Dearborn’s College of Business and Crain’s Detroit Business, the Investment Challenge is a year-long simulated stock investment and trading competition that offers valuable hands-on experience to participants in their efforts to pursue financial literacy.

Noh, who enjoys competition, said he had fun playing the markets with people tied to the university.

“I used a lot of technical analysis during this competition,” Noh said. “I took advantage of the past summer’s high uncertainty and volatility. There was no one strategy I used, rather I kept tweaking around my strategy and adjusting to the market. Sometimes a system works for one or two weeks. Since this competition did not allow day-trading, I had to keep in mind to trade at appropriate times.

The second quarter of the Challenge is underway.

The Challenge, which is free and open to the public, tests the investment knowledge and skills of participants by having them manage a $1 million mock portfolio for a chance to win $2,500 in real money each quarter. The contest will award prizes to the top portfolios as determined by total and risk-adjusted rate of return.

Employees, faculty and staff of Crain Communications, Inc., University of Michigan-Ann Arbor, University of Michigan-Dearborn, University of Michigan-Flint, StockTrak, Inc., ePrize, LLC, and their parent and affiliate companies as well as the immediate family (spouse, parents, siblings and children) and household members of each such employee are not eligible. Full contest rules are posted on the Challenge’s webpage.

The contest is made possible by COB’s Betty F. Elliott Initiative for Academic Excellence, a multi-year and multi-disciplinary program that focuses on topics critical to the growth of our region and state. Financial literacy is the theme for 2011-12 academic year.

For more information, visit the UM-Dearborn Investment Challenge webpage on the Crain’s Detroit Business website.