Looking for input into some of the undergraduate managed investment funds
Trying to get a better understanding of the different types of undergraduate managed investment funds found on college campuses. I am referring to student groups who manage a fund of alumni money and learn the skills of analyzing assets to put into a well thought out portfolio. I went to Villanova University and there we had a fund called the equity society. This fund was $1,000,000 and was made up of about 60 kids with sector "managers" and an overall portfolio "director" (all undergraduates)
I am curious to know though to know what the structure at other schools' funds were like. I was under the impression that the million dollar fund was pretty big, but my brother who ran the Fordham fund told me theres state schools with like 25 million AUM groups and I was shocked.
Any undergrads out there right now in a student managed fund and could describe what its like at their school?
Appreciate it!
The University of Alabama, ~1.3m AUM, ~50 members.
Organized by sectors with 5-7 analysts, sector head, and investment decision committee of 3. All undergrad.
got it. And this group is not like an elective class but something you apply for?
Concordia University -> Van Berkom Investment Management Program: ~$1.25M AUM, Small-Cap North American Equities, 2-yr program, 8-10 Research Associates selected per year, promoted to Fund Manager following year.
Hmm so in the undergraduate years you "work" for the fund and then after 2 years/pretty much junior year you can get promoted to get a more visible role?
It's a group you apply for. Members usually get in as freshmen or sophomores and remain in it for the rest of college.
Penn State's Nittany Lion Fund has $7,000,000 but supposedly it's insanely difficult to get into. Most if not all the members get some type of FO role at a BB.
EDIT: Damn just checked the website it's $10mil now with 30+ members covering 11 sectors.
Sheesh thats gotta be frat driven knowing Penn state or know someone already in it to get into something like that
Yeah for sure. I don't go to Penn State but in the school I go to it's so comical. The investment fund has the brightest don't get me wrong but there's always the two or three students with nothing on their resume, mediocre GPAs in a easy degree and still manage to get in. Kicker is they're all in the same greek house.
At USC in your senior year, you can apply to be a part of the student investment fund which is roughly 16 students given management of around $4m. They have a similar fund given to 16 second-year MBA's with $6.5m to manage. It's a pretty selective program though, very hard to get into since they take so few
Seems weird that they would take so few given the enrollment of USC. At that small of a club/class size, it seems like you are taking opportunity away from kids.
UNC has 2 main "stock picking" fund clubs.
PMT is ~40-50 kids. 50k AUM. Relatively meritocratic and simple process to get in even as a freshman. Focused on providing an intro to finance. Alumni range from audit at Deloitte to top BB and MBB.
Reynolds Fund is ~20-25 kids. 600k AUM. Juniors/Seniors with a handful of sophomores. 30% "big 4" fraternity connections, 60% super smart kids going to banking/buyside, and then a couple of duds that slipped through the interview process. Focused on kids working in finance after graduation. Tons of alumni at GS, MS, JPM, Barclays, BofA.
Best way to handle this dynamic is to join PMT as a freshman and then lateral to Reynolds as a sophomore.
PMT = back office
You could build a 50K account with 50 students overnight.
I agree PMT = Back office
AIM at Notre Dame has 25 people each semester for ~$20m. Competitive to apply for and a pretty demanding workload for those who do it.
Will add that this is a six credit class you take for a semester, not a club.
The University of Utah has a fund with ~900k. They take 18-24 kids a year. Technically it’s a class and you only stay in it for one year
900 MM run by undergrades?? Seems way too high
You're right. Wrote that as I woke up and was groggy, is 900k
The Morons have some strange powers man. Remember when they came out and were just like "by the way we have $100B"
At my no-name undergrad, our student managed investment fund was actually a class instead of a club open to seniors in undergrad and MBA students. We had an AUM of approx. $1 million with a class size of 10 students per semester. Students had the option to take the class both semesters of their last year. We invested in large-cap stocks and students were split into 5 groups of 2 covering 2-3 sectors. I want to say we were invested in 120 stocks.
At my MSF school, the student managed investment fund is a club that is open only to undergrads. The fund has $600,000 AUM and is organized into 5 sectors. There's about 7 students per sector, ranging from "associates" to "vertical head", as well as an executive committee consisting of 3 members. Members can join apply in their freshman year, but will typically not get more visible roles until their Junior and Senior years.
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