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
receive 3 credits in finance for each course taken. Students are
allowed to take the course twice – once in the spring (FIN 4327)
and once in the Fall (FIN 4328). Students do not have to take FIN
4327 first. In order to enroll in the program 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. Once the application
deadline has passed a committee will review the applications and
compile a list of candidates that will be allowed to register for
the course. Students will be notified as to whether they have been
accepted into the program as soon as possible after the application
deadline. If accepted, students must register in person at the
Dean’s Office. The Dean’s Office will have a list of the accepted
students.
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.
Once completing and presenting their research to the class
students may recommend the purchase or sale of securities. The
class then votes on the recommendation. If the recommendation is
approved, a presentation is then made to the Investment Committee.
The Investment Committee is a committee made up of professors,
members of the President’s office and 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 Undergraduate Student Managed Fund
Investment Manual.
Should you wish to learn more about the program or speak to
faculty involved in the Program, click on the Contact
Us link.