Alumni and Friends of Le Moyne College Create the Dolphin Green & Gold Fund, LLC
The Dolphin Green & Gold Fund, LLC, an independently owned and operated investment fund, closed its initial offering on Oct. 10 at $750,000. The capital raised this past summer came from 15 investors – eight Le Moyne alumni and seven friends of Le Moyne.
Establishment of the fund is part of an overall strategy to create a world class finance program within the Madden School of Business. "These newly developed investment management courses enable our students to better compete for investment banking and wealth management career opportunities around the world,” said Rafiq Bhuyan, Ph.D., director of the Madden’s finance program and the inaugural John K. Purcell Endowed Chair in Finance. “Blended into the program is the newly created Dolphin Green & Gold Fund, LLC, which allows our students as financial analyst interns to actually manage clients' investments through experiential learning that will strengthen their understanding in both theory and application. We are also encouraging students throughout Le Moyne’s College of Arts & Sciences to take advantage of this opportunity.”
“The three pillars of any world class business school are accounting, finance and marketing,” said Madden Dean Jim Joseph. “Our accounting and marketing programs are ranked 60th and 22nd, respectively, in the nation according to the most recent U.S. News & World Report ranking. Establishing the Dolphin Green & Gold Fund, LLC, clearly enhances our efforts to achieve even greater national prominence for the Madden School’s finance program.”
The Fund will be open annually for new investors. Bousquet Holstein PLLC of Syracuse, generously contributed legal services to set up the Fund.
The following are the founding members of the Fund’s Board of Managers, who oversee the student analysts and make the final investment decisions:
Mike Madden, ‘71, founder and chairman of Black Eagle Partners;
Jim Joseph, ‘83, dean of the Madden School of Business and special assistant to the president;
Dr. Rafiq Bhuyan, Purcell Endowed Chair in Finance, Madden School of Business;
PJ Banazek, ‘88, managing director, Morgia Wealth Management;
Eric Hanson, ‘88, managing director, Unum;
Jack Webb, retired executive vice president of NBT Bank Corp.