The Student Managed Investment Funds were started in January 2001 (the undergraduate fund) and December 2002 (the graduate fund). It is currently offered to graduate students through one course, FIN 684, which is valued at 3 credits, and to undergraduate students through two courses ... FIN 4328 (Fall semesters) and FIN 4327 (Spring semesters). Undergraduate students can take the course twice and receive 6 credits for doing so.
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 Student Managed Fund Investment Manual.
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 advisors in 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 graduate fund is currently valued at about $1.46 million, and contains 24 stocks, 5 equity ETFs, and 1 bond ETF. The undergraduate fund is currently valued at about $2.6 million, and holds 54 stocks, 7 equity ETFS, and 2 bond mutual funds.
For more information, contact:
Mikael Bergbrant, Ph.D.
On Staten Island, contact:
Dr. Therese Pactwa