The Stonehill FMA Chapter
at the Meehan School of Business
Stonehill FMA Stock Market Challenge
Each year, our FMA chapter challenges students interested in the financial markets to participate in an equity portfolio management competition. Students interested in the competition join a stock market simulation that monitors, tracks, and measures the performance of securities bought and sold by the student managers.
The player or team with the greatest gains for the stock challenge period is
recognized with their names on the Devin Cup
and the top three players or teams receive prizes for their efforts.
The competition has specific rules that attempt to mirror what professionals
can and can not do. The program is also designed to stimulate interest in the
Stonehill College Inspire Finance Initiatives, a series of academic programs designed to teach leadership skills and advance external educational opportunities.
The Devin Family Cup
Recognizing The Winner Of The Stonehill College
FMA Stock Market Challenge
This award is named in honor of William Devin ’60, P’88 for his generous support of the Stonehill College Chapter of the Financial Management Association International. During his 30-year career at Fidelity Investments, he held numerous positions, including Executive Vice President of Fidelity Capital Markets and Vice President & Head Trader/Manager in the Equity Trading Department at Fidelity Management & Research Co. Mr. Devin was also Vice Chair of the Boston Stock Exchange from 1985 through 1996.
Recent Winners
2023-24 Allie Tummino
2022-23 Joseph LaFauci
2021-22 Daniel Sammarco
2020-21 Brian Word-Sims
2019-20 Richie Ryan
2018-19 Alex Demeule
2017-18 Jason Chenevert
2016-17 Alex Demeule
Rules
Rules of the Stonehill FMA Stock Market Challenge for groups of 4:
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Minimum Holding Period: 48 Hours after purchase
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Minimum Number of Securities: 15
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Must remain 75% invested at all times (no more than 25,000 in buying power)
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Short selling is allowed
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Balanced fund investments are not allowed (contain fixed income)
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Equity-only ETFs and Mutual Funds are allowed
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No leveraged ETFs
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No derivative securities allowed
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IPOs can only be bought on the third trading day
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Minimum stock price: $1
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Maximum stock price: $10,000
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Violation of these rules or, where the committee agrees that a tactic violated the spirit of the event, will result in disqualification and ineligibility for any prizes.
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The investment starting and ending points are set each year by the chapter officers.
Starts:
Ends: