Students in an applied investment management class at the University of Tampa apparently know their stuff. They earned a 14.62 percent return for 2007, compared to a 5.49 percent return on the Standard & Poor's 500 Index, earning them first place in a recent global money management competition. The students managed real money, the Bailey Student Investment Fund, a $150,000 investment portfolio established five years ago with a $100,000 gift from the Bailey family. Their best and worst investments were exchange-traded funds. Investments in Brazil and Canada were winners, while those in real estate and emerging markets were losers. The students placed first in the graduate division for core-style portfolios in the Redefining Investment Strategy Education's eighth Annual Global Student Investment Forum held at the University of Dayton in March. "This is a huge recognition," said Marcus Ingram, the fund's faculty adviser. "UT competed strongly with large schools that manage funds in the millions of dollars and which have unlimited resources and direct access to assistance from Wall Street firms." Then again, maybe this is a sign that assistance from Wall Street firms isn't always a good thing.