THE COLLEGIAN FRIDAY, APRIL 4, 2014
FRESNO STATE'S STUDENT VOICE SINCE 1922
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Craig School of Business to open stock trading room By Nadia Pearl @Nadia_Pearl_
The soun
Dr. Gary Gilroy, Fresno State director of bands
By Sam Desatoff @sdesatoff
Dr. Gary Gilroy, a music professor and the director of bands at Fresno State, was admitted into the American Bandmasters Association (ABA) last month.
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o success
Photo by Katie Eleneke • The Collegian
The ABA was founded in 1929 and recognizes outstanding achievement on the part of concert band conductors and composers. Membership in the association is exclusive, comprising of approximately 300 band conductors and composers in the U.S. and Canada. The annual ABA conference took place
in Montgomery, Ala., from March 6-8. “I am thrilled to get in,” Gilroy said. “I’ve known many great conductors who have been rejected, so just going up for it was a bit stressful. When I heard ‘Congratulations’ on the phone, I was
See GILROY, Page 6
Storm brings clean air, clear skies By Collegian Staff ednesday’s high was 64 degrees, well below the average for April 3, but skies were full of puffy-white cotton ball clouds. For the weekend, Fresno can say goodbye to the breezy and coast-like weather. Throughout the rest of the week, temperatures will steadily increase to 84 Monday with mostly sunny skies, the National Weather Service reported. Today, the high is predicted to be 68 with a 20 percent chance of rain. By Wednesday, the high is predicted to be 87. Tuesday’s rain made for better air quality in the Valley. Wednesday, Thursday and Friday all had “good” air quality ratings reported the San Joaquin Valley Air Pollution Control District. Photo by Matt Vieira • The Collegian
See STOCKS, Page 6
The clouds hung low Wednesday over Fresno State’s vineyard on the north side of campus.
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{PAGE 3} Photo by Julian Paredes • The Collegian
The thrill of Wall Street is coming to Fresno State. While not quite the financial district of New York City, come fall business students will experience the frenzy of live stock exchanges when the Craig School of Business opens its own stock trading room. Primarily funded by a $45,000 grant from Wells Fargo, the stock room will be located in the Peters Business Building and feature live feeds and data services to primarily aid the Student Managed Investment Fund (SMIF) program. A student-run project, the program manages a $2.7 million endowment from the Fresno State Foundation. “Fresno State is a big proponent of active, engaged, real-world learning experiences,” said Dr. Robert Harper, dean of the Craig School of Business. “This is just another element of providing real market investment experience with a significant amount of funds.” Harper said SMIF originally managed $100,000-$200,000 before being assigned $1 million worth of funds by the Fresno State Foundation in the fall of 2010. After the funds grew to $1.7 million by the end of 2013, the foundation recognized SMIF’s efforts and assigned a further $1 million to the endowment. With students already engaged in realworld investment, SMIF’s advisor Dr. K. C. Chen, department chair of finance and business law, said providing a trading lab will further that experience by providing a “place for students to congregate and brainstorm for investable ideas as a team.” Additionally, Chen said the live and rich database that will stream through a stock ticker, computers and televisions is a valuable resource for stock valuation. “As the stock market is fluctuating instantaneously, being able to receive the stream of live information will help students to quickly react and better adapt to the changing environment,” Chen said. Senior Grant Williams, president of SMIF, said the stock room would offer “real-life experience of how trade rooms truly operate.” “We’re doing a job most people wouldn’t usually do even after college,” Williams said. “We learn something new every day.” As a class of 10 students meeting only twice a week, Williams said, “everyday we’re watching the stock market” outside the classroom. Yet with this increased
Photo by Matt Vieira • The Collegian
==> MEN’S HOOPS: ‘Dogs tie up CBI Finals with a Wednesday win. [PAGE 7]