Student Managed Investment Fund

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 registered.

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:

Staten Island:
Professor Therese Pactwa
(718) 390-4314

 
Queens Undergraduate and Graduate Program:
Professor John Neumann
(718) 990-5554