The Freed-Hardeman University Investment Team celebrated its new ownership and name as the Hatchett Investment Team this month.
Rob and Rachel Hatchett decided to underwrite FHU’s $1 million investment fund, which is managed by a nine-member team of college of business students. The couple desired to mentor young believers as they grow in their faith and grow as future business leaders.
“There is a war for the hearts and minds of young adults,” Hatchett said. “We want them to know they can be successful in business or any profession, while choosing Jesus as Lord of their lives every step of the way.”
Aleksa Pesic, of Henderson, is a member of the Hatchett Investment Team. Pesic is earning a Bachelor of Business Administration in Business Analytics and Business Administration.
Jacksen Eddy said his experience on the team has helped him set priorities and determine his future career path.
In managing the $1 million investment, students will research potential stock buys, present their findings to the whole group, make recommendations for purchase and defend their decisions. The whole team will vote to determine which stocks to invest in. At the end of a year of buying and selling, the balance sheet will be checked. If the fund has made money, the Hatchetts will share a portion of the profits with the FHU College of Business. If the fund has lost money, that amount will be deducted from future years’ earnings until the loss is repaid.
FHU’s investment team began in 2007, when Jim Clayton, co-founder of Clayton Homes and chairman of Clayton Bancorp at the time, provided the initial investment. Since then, it has generated $703,796 for the FHU College of Business Finance Program. These funds are used to strengthen the program through technology initiatives, student experiences, career preparation, guest speakers and other innovative ways. Total distribution stands at $1,376,507.
Faculty leaders for the investment team are Jay Satterfield, chief investment officer at FHU, and Michael Prentice, instructor in finance.
The FHU College of Business is accredited by the Accreditation Council for Business Schools and Programs (ACBSP) for the MBA and bachelor’s in accounting, finance, management and marketing. Accrediting more than 300 institutions, ACBSP is the leading specialized accreditation association for business education.
The mission of Freed-Hardeman University is to help students develop their God-given talents for His glory by empowering them with an education that integrates Christian faith, scholarship and service. With locations in Henderson, Memphis and Dickson, FHU offers bachelor’s, master’s, specialist’s and doctoral degrees. More information is available at http://fhu.edu.