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02-20-2016

Investment Course by Nationally Recognized Experts Opened to Public

An investment management course taught by two nationally recognized investment experts has been opened up to the public by Clarkson University's Capital Region Campus in Schenectady.

Hugh A. Johnson (left) and Nick Smirensky.The class will be taught by world-class economist and private fund manager Hugh A. Johnson, CEO of Hugh Johnson Advisors, and Nick Smirensky, chief investment officer with the New York State Health Foundation and former deputy chief investment officer and director of alternative investments with the New York State Common Retirement Fund.

The course will meet on Thursday evenings from 6:25 - 9:45 p.m. from March 31 to June 2. Non-students have been invited to audit the course at half price ($1650). Participants who select this audit option will participate fully in class activities, but will not submit homework or papers and will not receive a grade or course credit.

For questions or to sign up for the course, please contact Associate Dean of Management Alan Bowman at abowman@clarkson.edu or 518-631-9887.

The objectives of the course are to insure that each student:

- Understands most basic concepts in the investment process

- Understands a stock market cycle, interest rate cycle, and business cycle, is able to identify the stages in each cycle, and can structure an investment portfolio and business decision based upon that knowledge.

- Is capable of analyzing, understanding, and discussing clearly at least one major issue of historic importance to the financial markets.

The class will also analyze the anatomy of several historical economic and financial crises -- like the rise and decline in technology stocks from 1998-2002 and the rise and decline in U.S. residential housing from 2000-2010 -- with the goal of understanding the economic and financial market factors that contributed to the crisis.

As chairman of Hugh Johnson Advisors, LLC, Johnson manages $1.2 billion in equity, fixed income, and cash investments for individual and institutional clients, and serves as a consultant to $1.2 billion in institutional assets. In order to manage these assets effectively, Hugh formulates a broader outlook for the stock and bond markets by combining his knowledge of financial markets and economic history with an understanding of how market cycles work.

Johnson’s work has appeared in the New York Times, USA Today, BusinessWeek, and other leading newspapers and periodicals around the world. He has been a regular guest on CNBC, was a special guest on Wall Street Week with Louis Rukeyser, and has appeared as a regular guest on Bloomberg Television. Johnson has also appeared on NBC Nightly News, ABC World News Tonight, CBS Evening News, The News Hour , and Nightly Business Report.

As chief investment officer with the New York State Health Foundation, Nick Smirensky is responsible for managing the Foundation’s $260 million investment portfolio and developing its investment strategy. He works with the Foundation’s Investment Committee to develop asset allocation policy, selects investment vehicles, and evaluates performance.

Prior to joining the Foundation, he was deputy chief investment officer and director of alternative investments with the $155 billion New York State Common Retirement Fund. He was director of New York’s College Savings Program and director of budget and financial analysis at the New York State Comptroller’s Office prior to joining the Common Retirement Fund. Johnson also holds the Chartered Financial Analyst designation.

Photo caption: Left to right: Hugh A. Johnson and Nick Smirensky.

[A photograph for media use is available at http://www.clarkson.edu/news/photos/johnson-smirensky.jpg.]

[News directors and editors: For more information, contact Annie Harrison, Director of Media Relations, at 315-268-6764 or aharrison@clarkson.edu.]

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