FOR IMMEDIATE RELEASE
July 29, 2005

Contact: Drake Professor John Rozycki, (515) 271-2886, john.rozycki@drake.edu
Maureen Roushar, (515) 457-6367

BULLDOGS BRING IN MORE BUCKS THAN HAWKS AND CYCLONES IN KRAUSE CHALLENGE INVESTMENT COMPETITION

Drake University continues to lead the pack for overall highest current portfolio value of $188,850.07 since the inception of the Krause Challenge investment competition in 1998.

W.A. Krause, chairman of Kum & Go, endowed $100,000 each to Drake University, the University of Iowa, Iowa State University and the University of Northern Iowa in 1998. The Krause Challenge exposes students in select finance classes to investment strategies and portfolio management experience, spotlights Iowa-based companies and encourages students to pursue careers within the state.

Twenty-five percent of each school’s fund equity must be held in Iowa-based companies or companies with a significant presence in Iowa. All annual returns are deposited directly back into each school’s fund.

Since 1998, Drake’s investments have earned more than $88,000 – $26,000 more than closest competitor Iowa State University.
For the 2004-05 academic year, however, the University of Iowa moved up two spots from its previous third place finish to take the top slot in the annual Krause Challenge investment competition. The Hawkeyes earned an 18.77 percent return on investment, beating the other universities, the annual Dow Jones industrial average at 4.53 percent and S&P 500 at 8.04 percent.

After tabulating the results from August 2004 to March 2005, the universities increased portfolios and placed as follows:

1st – University of Iowa, 18.77 percent to $118,137
2nd – Iowa State University, 15.45 percent to $160,117
3rd – Drake University, 6.50 percent to $188,850
4th – University of Northern Iowa, 59 percent to $99,933

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