Professor John J. Dittrick, Jr., Fixed Income Market Fund
Originated by the full-time MBA Class of 2010 in memory of an extraordinary professor and mentor, the Professor John J. Dittrick, Jr., Fixed Income Market Fund will be used by the Financial Markets Career Acceleration Module (CAM) as an educational tool throughout the course. The fund will be a vehicle for students to apply what they are learning to the real world of fixed income investing.
During the 2010-11 academic year, the students and professors of the Financial Markets CAM will prepare for the fund’s start by developing a formal investment policy. Future classes will make investment decisions.
Gifts made by the MBA Class of 2010 will channel into the fund over a period of three years beginning in 2011. The entire amount of $50,000 pledged by the Class of 2010, faculty, staff and friends (as of June 2010) will be available for investing by 2014 when all pledges are received. Future MBA Class of 2010 reunion gifts may also be directed to build the corpus of the fund. Gifts from outside the Class of 2010 are deeply appreciated.
Once the fund’s corpus reaches an amount of $50,000, 50 percent of the annual interest income will be reinvested in the fund and the remaining 50 percent will be utilized for full-time MBA scholarships. Scholarship recipients will be selected by the dean and/or administration. Should the fund’s corpus fall below $50,000 at the end of any fiscal year, scholarship distribution will cease until that amount is restored.
Operations of the Fund
- The fund’s portfolio may consist of individual corporate bonds, government bonds and/or ETFs.
- The fund will use a broker for its transactions.
- The fund’s portfolio will be set up to ensure that every year some investments mature, and the students are able to readjust positions.
- The fund will have a November fiscal year to coincide with the CAM cycle.
- A structure will be setup to ensure ongoing performance review while the CAM is not in session.
- There is no minimum amount requirement for the fund to be operational.















