Trustee James honors Wofford classmate Wile with gift
SPARTANBURG, S.C. – Wofford College Trustee R. Michael James (Class of 1973) has established a student-managed investment fund at his alma mater in honor of his classmate, Ed Wile.
The $100,000 gift from James will enhance the educations of Wofford students interested in investments by providing them with live-fire experience in managing a securities portfolio. Through the James Fund, Wofford students will develop the investment skills of researching and trading financial instruments such as stocks, bonds, and mutual funds. Proceeds earned from the fund will be used to support academic scholarships and programs at Wofford College.
James says his gift was given to honor and recognize Wile's many years of service as chair of Wofford's Investment Advisory Committee.
“The R. Michael James Student-Managed Investment Fund offers valuable, hands-on learning for students, providing them with real world experience to supplement what they are learning in the classroom,” says Dr. Jim Proctor, chairman of the department of accounting, business and finance.
The faculty advisor for the James Fund will be Dr. Philip Swicegood, associate professor of finance, who previously has guided student-managed investment funds. Swicegood is the primary professor in the investments course.
Acting in teams, students will be guided by faculty through a rigorous security and portfolio analysis process. As investment proposals emerge through their research, student fund members will collectively select the fund’s holdings while monitoring their performance and risk against established benchmarks.
The James Fund will quickly become a centerpiece program for the department. The program will enable all serious students of investments to experience the opportunities and responsibilities associated with the dynamic and challenging field of investing.