Student Managed Investment Fund

The Student Managed Investment Funds were started in January 2001 (the undergraduate fund) and December 2002 (the graduate fund).  The courses that manage the SMIF are currently offered to graduate students through one course, FIN 684, which is valued at 3 credits, and to undergraduate students through two courses ... FIN 4327 and FIN 4328. Undergraduate students can take the course twice and receive 6 credits for doing so.
The course is designed to give students hands-on experience in performing investment research, investing money, and managing a portfolio prior to entering the workforce. Students are expected to evaluate the existing portfolio composition and attribute past investment performance, generate investment ideas, research investment opportunities, and make recommendations based on their analysis. Some of the research is performed individually while most 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, including FactSet and Bloomberg
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 by 60% of the class, a second presentation is delivered to the Funds Investment Committee comprised of a representative from the Treasurer’s Office, Tobin College of Business faculty, and various guest business executives including SMIF alumni.  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 chairperson of the Department of Economics and Finance, 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.  
The graduate fund is currently valued at close to$4 million, while the undergraduate fund is valued at about $5.5 million. Each fund holds between 40 and 50 individual stocks.

For more information, contact:
Mikael Bergbrant, Ph.D.
[email protected]

On Staten Island, contact:
Dr. Therese Pactwa
[email protected]

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