Student Investor Group Generated $2.5 Million Over Decade

BASIS, the student group that manages $5 million of Virginia Tech’s endowment by investing in bonds and other fixed-income securities, has generated about $2.5 million in gross returns for the Virginia Tech Foundation during its first decade. The group, whose name stands for Bond And Securities Investing by Students, recently celebrated the 10th anniversary of its first trade in 2006 by buying a 30-year Treasury bond with a 2.5 percent coupon and a $50,000 face value.

Though its portfolio is a tiny fraction of the university’s $820 million endowment, BASIS provides a valuable experiential learning program for its members, said its faculty advisor, finance professor George Morgan. Read the full article on VT News here.