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History
The Krause Challenge launched in 1998 when W.A. Krause, founder and chairman of Kum & Go, announced a one-time gift of $400,000 to be divided equally among the University of Northern Iowa, Drake University, Iowa State University and the University of Iowa for finance students to gain real world investment experience. The finance class or club at each university studies the stock market and invested the initial donation in the stock market. In each successive year, the classes re-invest the money which may have experienced growth or loss depending on the performance of their stocks. The four universities compete to see which delivers the highest return. The only guideline given is that at least ten percent of the investments are secured with Iowa-based companies.
Rules
At least ten percent of investments must be made in Iowa-based companies. University teams must submit their investment portfolio to the Krause Challenge Coordinator each month. The portfolios will be posted on the Krause Challenge web site for schools to review and judge their competition’s status.
Participating Universities
Current Standings/Results
The current standings for the four schools from August 31, 2008 through February 28, 2009 are as follows:
Northern Iowa - (32.47%) return; portfolio performance from $124,644.33 to $84,174.20
Drake - (41.32%) return; portfolio performance from $221,038.84 to $129,703.90
Iowa - (37.07%) return; portfolio performance from $209,967.70 to $132,123.20
Iowa State - (48.55%) return; portfolio performance from $173,510.56 to $89,272.59
Contact Info
Drew Carlson, Krause Challenge Coordinator
Kum & Go, L.C.
6400 Westown Parkway
West Des Moines, IA 50266
(515) 457-6132
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