Chobor Pledges $50,000 in Support of Smeal's Trading Room
Penn State alumnus Craig Chobor has committed a gift of $50,000 to the Smeal College of Business in support of the Rogers Family Trading Room in the Business Building.
The gift is part of the Rogers Trading Room Challenge, which was established by Penn State alumni and longtime benefactors J. David and Patricia Maloney Rogers. David and Patricia Rogers will match gifts made to the Trading Room Endowment dollar-for-dollar up to $1 million, with the goal of adding $2 million to the fund. Income from the Trading Room Endowment is used to support the Rogers Family Trading Room, which was established in 2001 with a $1.1 million gift from David and Patricia Rogers. With the match, Chobor's gift marks $100,000 in new support for the Rogers Trading Room.
"I'm very thankful for Craig's support of financial education at Smeal," said James B. Thomas, the John and Becky Surma Dean of Smeal. "As someone who has achieved great success in the field, he recognizes the importance of experiential learning for our students in finance. Craig's support will help ensure that the Rogers Family Trading Room will always contain the latest, cutting-edge financial technology that makes it so valuable to our students."
"The Rogers Family Trading Room at Smeal is one of the most important tools we have to prepare our finance students, and I am proud to help endow it so that it continues to have the most up-to-date technology and services available," Chobor said.
The state-of-the-art Trading Room replicates a real-world trading experience and functions as a financial classroom and a laboratory for undergraduates, graduate students, and researchers. Students in the Trading Room use dataset resources to simulate trading, portfolio management, and other finance-related models. Each of the dual-monitor workstations is equipped with the software needed for virtually any finance-related activity. Real-time stock tickers and data boards offer important financial information. Video conferencing capabilities integrated into the room's infrastructure allow users to connect globally with faculty, students, alumni, subject experts, and corporate partners.
In addition to its role as a classroom and laboratory, the Rogers Family Trading Room is home to the Nittany Lion Fund, a $3.75 million-dollar student-managed stock portfolio. Unlike most student-managed investment funds around the country, which are backed by university endowments, the Nittany Lion Fund relies on investments from individual investors. Since its inception in 2005, more than 110 student fund managers have secured full-time employment at leading investment firms including BlackRock, Citigroup, Goldman Sachs, Merrill Lynch, and Morgan Stanley.
Chobor, a 1994 graduate of Smeal with a bachelor's degree in economics and international business, is managing director and director of research at Solus Alternative Asset Management in New York. He was one of the first individuals to support the endowment for the Trading Room, and he has now committed $100,000 toward the endowment. He sits on Smeal's For the Future: The Campaign for Penn State Students campaign committee and the steering committee in support of the Rogers Challenge.
All gifts in support of the Rogers Challenge to the Rogers Challenge count toward the Smeal College of Business goals in the For the Future campaign. This University-wide effort is directed toward a shared vision of Penn State as the most comprehensive, student-centered research university in America. The University is engaging Penn State's alumni and friends as partners in achieving six key objectives: ensuring student access and opportunity, enhancing honors education, enriching the student experience, building faculty strength and capacity, fostering discovery and creativity, and sustaining the University's tradition of quality. The campaign's top priority is keeping a Penn State degree affordable for students and families. The For the Future campaign is the most ambitious effort of its kind in Penn State's history, with the goal of securing $2 billion by 2014.
For more information or to give in support of the Rogers Challenge, contact Todd Sloan, Smeal's director of development, at email@example.com.