The Undergraduate Student Managed Investment Fund was started in
January 2001. Currently the program is offered to undergraduate
students through two courses, FIN 4327 (offered in the Spring
Semester) and FIN 4328 (offered in the Fall Semester).
Students are allowed to take the course twice – once in the spring
(FIN 4327) and once in the Fall (FIN 4328) – and receive 3 finance
credits for each (students do not have to take FIN 4327
first). Admission to the program is selective, and students
must apply by the application deadline dates.
An application may be picked up from the Department of Economics
and Finance on the 3rd floor of Bent Hall, from the Faculty
Advisor, or from a student’s advisor in the undergraduate Dean’s
Office. Applications are generally available around
pre-registration time. Once the application deadline has
passed, applications are reviewed and decisions are communicated to
the applicants. Students who gain acceptance are provided a
letter that they take in person to the Dean’s Office to be
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
fund is currently valued at about $1.7million, and contains 48
stocks, 6 equity ETFs, and 2 bond mutual funds. To learn more
about the program contact:
Professor Therese Pactwa
Queens Undergraduate and Graduate Program:
Professor John Neumann