Student Managed Investment Fund

Founded in 2008, the Student Managed Investment Fund (SMIF) was created with the idea of giving students a hands-on experience with equity analysis and portfolio management.

The Fund is arranged to resemble a diversified buy-side fund, split into sector teams with managers and analysts. The teams meet on a weekly basis in the fall semester, exchanging ideas and working together to identify potentially profitable equity positions in the markets. After consolidating the information into a full report, the teams present their picks to the advisory board, comprised of the Fund Manager, Flavio Carrillo, and other faculty and professionals.

At the end of each term, the SMIF writes and publishes an annual report that is sent to its donors and board.

In the Spring of 2020, the SMIF expanded to include a Fixed Income component. The course started investing in May of 2020 and have been fully invested since June 2020. As of 12/31/20, the fund account value was $356,240 compared to the beginning value of $350,000. Our account is up around 1.8% , compared to our benchmark the AGG at 1.7% at year end, so a little ahead of the benchmark. Our allocation is 5% cash, 43% IG corporate notes/ bonds, 24% short term treasury ETF and 28% a mortgage bond ETF.

The SMIF courses meet in the fall for equities and the spring for fixed income.

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