The Student Managed Investment Fund was started in December 2002
and is currently offered to graduate students through one course,
FIN 684, which is valued at 3 credits. Students submit
applications in order to gain admission to the course for each
semester. Applications are available from the Department of
Economics and Finance on the 3rd floor of Bent Hall, from the
Faculty Advisor, or from the Dean’s Office. Once the
application deadline has passed, applications are reviewed and
students are notified of the Selection Committee’s decisions.
If accepted, students are asked to confirm their intent to accept
admission and register for the course. Names of all students
who respond affirmatively are sent to the Dean’s Office, which adds
them into the course roster.
The course is designed to give the students a hands-on
experience at performing investment research, investing money and
managing a portfolio prior to entering the work force. Students are
expected to generate investment ideas, research investment
opportunities and make recommendations based on their analysis.
Some of the research is performed individually while other research
is done as a team. It is the student’s responsibility to initiate
research ideas and to recommend specific investment actions.
Students gain extensive experience with the tools in the Financial
Information Lab as part of their work.
Upon completion and presentation of their research to the class,
student analyst teams may recommend the purchase or sale of
securities. The class then votes on the recommendation. If the
recommendation is approved, a second presentation is delivered to
an Investment Committee comprised of a representative from the
Treasurer’s Office, Tobin College of Business faculty, and various
guest business executives. If the Investment Committee
approves the recommendation the transaction is executed. The
procedures and policies governing the investment process are
detailed in the Graduate Student Managed Fund Investment
Manual. The fund is currently valued at about $1million, and
contains 22 stocks, 5 equity ETFs, and 1 bond ETF.
For more information, contact:
Dr. John Neumann