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This site maintained by Lelia Gibson Last Updated: 07/05/2005

Department of Economics,
Finance, & Marketing

TTU Given $100,000 for Investment Training

Buzz Heidtke Donation for Use by Deryl Martin's Students

Dr. Deryl Martin, Heidtke Professor; Buzz Heidtke, Donor; Dr. Bob Bell, TTU President; Dr. Bob Niebuhr, Dean College of Business; and Pat Quillen, Director of Development for College of Business

“Show me the money!” is a phrase taken iterally by one Nashville money manager who is also a Tennessee Tech alumnus.

Buzz Heidtke, president of Nashville 's Heidtke & Co., was on campus recently to present a $100,000 donation to TTU's College of Business —but that money won't go toward just any expense.

It's being placed a fund made up of small and microcap value stocks and will be managed for the first time next fall by a team of 10 to 15 undergraduate and graduate students.

Until then, Heidtke will collaborate with TTU finance professor Deryle Martin, who becomes the university's first Heidtke Professor Finance, and who will take the tested investing techniques he learns from the project and pass them on to his students.

“This is real money, and ht euniversity benefits both educally and financially from this terrific donation from Buzz,” Martin said.

Heidtke says he donated the money because he takes an interest in helping young people learn trade—and TTU business students under Martin's guidance have shown promising potential by proving in the past to be effective money managers.

TTU won the first Tennessee Valley Authority Investment Challenge in 1998, posting a53 percent return on $100,000 in a program where 19 colleges and universities in TVA's service area were each given money to invest. And they also routinely outperform the S&O Index with their investments.

TVA continues to support the student-managed Investment Challenge, recently providing it with additional funds.

The TTU project initiated by Heidtke differs from the TVA Investment Challenge, however, because it involves microcap value stocks which are companies valued at less than $200 million. Most microcap value stocks do not have a diverse product mix and therefore should be less difficult for students to analyze.

A portion of each year's earnings will be used to fund a stipend for TTU's new Heidtke finance professorship and to pay any accumulated costs the investing class acquires. The remainder of earnings will be reinvested for management by future student teams.

From Herald-Citizen, December 2003

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