JIC Officers 2003-2004

President: Jeff Wright

Vice President: Patrick Bourke

Secretary: Neo Tran

Comptroller: Mary Schantz

 

Trustees

Andrew Hillyer
Jeremy DeGroot
Jim Gikhrist
Karan Gonsalves
Laura Husarek
Mike Moore
Patrick Bowen
Wil Burton
Jon Fuller

Faculty Advisors
Dr. Sell
Dr. Hornsten
Dr. Warner

 

 

 

What is the JIC?

The Jenny Investment Club is a student-managed stock and bond portfolio (currently valued at just under $930,000) the proceeds of which are used for student scholarships (over $145,000 since1986). This is real money, part of the College's endowment. The concept of having such a student-organized and operated fund was pioneered at Wooster in the 1950s. We've been featured in Sylvia Porter's Money Magazine, Crain's Business Publications, and even in Glamour! Paul Harvey has praised the group twice.

Several colleges and universities have tried to imitate us, but their groups usually invest only in a "paper" portfolio or operate as part of a course. We think that Wooster's original idea was the best for us. Any member of The College of Wooster community is eligible to become a member and to help make the decisions. Learn about financial markets and investing. Do something to benefit yourself and others. Meetings are Wednesdays at 6 p.m. in the Faculty Lounge of Lowry Center. Bring your dinner and participate!

JIC History

 

 

Prof. J. Sell

· The Jenny Investment Club was founded sometime around 1955 by Hans H. Jenny and other members of the Economics Department. One of the first investment clubs anywhere, it was called the Wooster Student Aid Fund (WSAF) and was organized as an Ohio not-for-profit corporation separate from, but affiliated with The College of Wooster.

· The initial funding for the portfolio, about $800, was supplied by “Chapel Fines” paid by students who missed more than the permitted number of (required) chapel meetings. The Fund’s two functions were to help students and other members of the College community learn about investments and to provide scholarship funds for international students.

· In 1981, Hans Jenny, member of the Economics Department, Vice President for Finance, and long-time advisor to the WSAF retires. WSAF Trustees draft a constitution and formally recognize that the funds are part of the College’s endowment. In return, the College’s Board of Trustees recognize the group as the managers of the funds. The value of the WSAF portfolio was approximately $70,000 at that time.

· In 1982, WSAF is re-named, the Jenny Student Aid Fund (JSAF) to honor Hans Jenny’s participation with the group for over twenty-five years.

· By 1996, the value of the “Main” portfolio had grown to approximately $250,000 including approximately $20,000 in gifts from alumni and former members of the group. In this year, the College received a $50,000 gift from Oak Associates of Akron that became part of the Jenny Student Aid Fund’s assets. This formed the “Oak” portfolio that is tracked separately and competes with other schools.

In 1999, the name of the group was changed to, “Jenny Investment Club” (JIC) which members believed better reflects the activities of the group.
April 2002. In recognition of the professional management skills displayed by JIC members, the College's Board of Trustees award the JIC an additional $500,000 to invest as a third (separate) portfolio.

JIC Constitution

JIC Portfolios

JIC Report Form

JIC Investment Guidelines

JIC Financial Information

Hans H. Jenny Investment Club