Westminster investment group reaches $500K mark

2 years 9 months 16 hours ago September 26, 2014 Sep 26, 2014 Friday, September 26 2014 Friday, September 26, 2014 10:02:00 AM CDT in News
By: The Associated Press

FULTON (AP) - A student investment group at Westminster College in Fulton has reached the $500,000 mark.

The Columbia Daily Tribune reported the Blue Blazer Investment Committee achieved the milestone with the help of shares in Alibaba, the Chinese e-commerce giant that went public last week.

The committee was founded at Westminster during 1996 with a $200,000 seed fund from the college's Board of Trustees. It's made up of about 40 students who work together and decide how to best invest the growing portfolio.

Aside from additional investments, the funds allow the group to finance trips to New York City to tour the financial markets.

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