What schools have the largest student-run investment funds?
I've been unable to find a comprehensive list of student managed funds at both the undergraduate and MBA level. Would anyone here happen to know which schools have funds >$1 million?
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From a little quick google search, I found that Fordham and Trinity University SMF have over $1 million. There were a few more that popped up, but I stopped looking after the first two results.
Michigan MBA students have a $7 million early stage venture fund
Are they investing or if it a fund for MBA student Startups
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MSF?
Master of Science in Finance
Removed
University of Dayton undergrad has $30 million
https://www.daytondailynews.com/news/students-manage-million-stock-port… use the search function before you throw ms
Yummy, stackin' that Monopoly money to the ceiling.
USC is nearly $2MM AUM for its undergrad fund
University of Minnesota's Carlson School has a $35 million fund for MBA and undergrad students.
Penn State has an 8MM "Hedge" Fund for UGs.
Its legitimately a hedge fund. They dont use any money from the schools endowment, but instead have outside investors.
The real deal. Quick "Nittany Lion Fund" search on linkedIn will provide insight.
Yeah about 98% placement into FO NY IBD or ST roles, mostly BB / EB
Queens out of Canada has a $1mm+ student-ran investment fund
QUIC is harder to get into than goldman. Those kids pull insane internships.
There's a lot of schools in Canada with student managed funds. McGill has the largest one if correct (~$4 million) - I'm not sure if that's all of them combined or one individual one. York has one too, not sure how much but I'm assuming around $1 million. U of Ts is pretty significant too. UofO has just under $1 mil and Carleton has about $1.2+.
This all of the ones I know of off the top of my head
John Molson School of Business out of Montreal has a $2.5mm student-run fund as well
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Laurier in Canada has $1mm+ student fund
Michigan State University has $5M
DeVry University comes in at a solid $350
Tree fiddy? you godd*mn loch ness monsta!!!
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It's not specific to one school as several universities participate, but Global Platinum Securities is a pretty interesting student-run investment fund.
I'd be guessing at their AUM.
AUM is only 300k but man those kids are smart.. Surprised more monkeys don't know about GPS
Agreed, even at non-targets they’re getting top exits, dominating buyside out of college
University of Alberta has a $2M CAD undergrad finance fund, its a part of the endowment fund for the university. Its a competitive process to get in though. Most people who get in go down to Calgary to do some form of energy investment banking
Texas Tech College of Business has a ~$3MM Fund SMU Cox School of Business has 2 separate funds for the undergrads and grad school; Undergrad is ~$3MM and Grad School is ~$6MM
McGill in Canada has $3.5MM+ student fund. Queens and Ivey also have pretty big funds.
They Ivey one is like 100k, so not nothing but not anything crazy
Oh ok good to know thanks
University of Minnesota Duluth has ~$1.7MM in an undergrad run fund
University of Houston is (surprisingly) one of the largest.
What I know for sure: -Program was started ~10 years ago with $10mm check (some went to facilities as well) -Their program requires both years of your MBA (as well as demanding mentorship post graduation) and is only open to MBA candidates. -Long only Equity
What I have heard: -Current Fund sits at ~$30MM (heard from an MBA candidate - he may have been exaggerating) -Allocation is organized by Sector/Size (predetermined by fund criteria, students are only pitching stocks from a small pool of pre-selected tickers)
https://www.bauer.uh.edu/degrees-programs/cougar-fund/
Cougar Fund Alum here. Some of those stats arent exactly on the money, but you are mostly correct.
Wisconsin has a $9mm student run fund
Syracuse University's student run Orange Value Fund now has over $5.5mm AUM. I saw this on a resume a kid sent me recently and it made me do a double take. It appears all of these student run funds have grown a bit since the last time I looked at them.
I think it's also important to note how much money comes from the school. For instance if the program was founded in 2006 and recieved 4mm from the schools endowment and is currently at 5, is that really that impressive?
I dont want to miscontrue your point though so if you were saying just the size is impressive I'm right there with you.
Yeah, I just meant they had grown in gross terms (combo of injection from school and return). It's amazing that so many schools have student run funds of at least a couple million.
washington and lee has a $10M fund for undergrads
University of South Carolina Student-Managed Investment fund ~ $1MM (Undergrad + Grad School)
Fordham's Student Managed Investment Fund is 1.5M. Ultra conservative risk profile overseen by a secret society of Jesuit financiers/wizards.
UGA's undergrad managed fund is over $1.6M currently
Based solely on what I have heard about friends' undergrad experiences, I'd say >$1m is more common than you'd originally think for student-run funds. I went to a mid sized nontarget that had equity, fixed income and derivatives focused groups which combined for ~$6m.
Go Bobcats
these are interesting, thanks OP
SMU's undergrad fund is over $3m
University of Connecticut's undergrad fund is a little over $2 mil split between two teams. Started at $1 mil a while back. Long only value focus holding US equities and cash.
Grad fund was $2.2 in May 2017
Stetson University has a $3.5mm undergrad growth fund roughly split between equities and fixed income
Loyola New Orleans has a $1 million fund with high historical returns. It is managed by undergraduates with 1 faculty mentor.
my school doesn't have a student-run fund but a LAC near us has a 1M fund which is underperforming the market every quarter
Washington and Lee University's undergraduate student-run fund - $12.3 MM
UBC, Canada PMF fund (undergrad) is 7M SFU, Canada SIAS fund (Master) is 13.9M
PMF fund is suppose to be one of the most legit funds in Canada. Small group but great ops come out of it if anything
University of the Pacific has a $3.7 million fund.
Pomona College has a little over $1M
University of Idaho Barker Capital Management Group ~$600k, core-alpha portfolio management with specialty in futures and options strategies.
Funny enough, Wharton/Penn has literally nothing. Pretty much just one investment "learning" club that only exists to boost the resumes of its members.
Babson College undergrad and MBA students can take a course where they oversee ~$2 million of the school's endowment
LSIF (Wilfrid Laurier University, Canada) is at ~1MM$, they've had some pretty good growth for an UG-only fund.
Tulane's Darwin Fenner Fund has almost $6mm
https://freeman.tulane.edu/why-freeman/centers-institutes/darwin-fenner…
While not large, Baruch College has a fund of about $340K. Pretty impressive for a public school with a small endowment.
Not sure if this counts, but I go to Penn and run a small, $4 million portfolio for my family. My YoY IRR has been 22% based on the past two years. I run a bottoms up, fundamental analysis process in order to enhance my skill set for banking
Pretty sure that doesn't count but thanks for contributing that information to the forum.
Also, not sure how much overlap that has with banking, maybe someone else can chime in and offer their thoughts.
Assuming your still a student (as am I) I would hesitate bringing that up in an interview, something tells me it could come off as a bit pretentious.
Just my opinion - best of luck man!
Sir, this is a Wendy’s
bb
UNF in Jax has 1.1MM Value Fund (Grad + Undergrad).
University of Missouri has a 1.5 million student-run equity portfolio
Washington and Lee University's William's Investment Society manages $12mm of the school's endowment. Largest student-run investment fund in the country. Small liberal arts college in Virginia with about 1800 students.
https://columns.wlu.edu/student-managed-investment-fund-gets-4-5-millio…
Wow...I never realized schools managed this much dough...
False.
Carlson School of Mgmt at the U of MN has a ~$40M portfolio, all student run & roughly split 50/50 between equities and fixed.
What schools have the largest student-managed investment funds? (Originally Posted: 09/29/2018)
I've been unable to find a comprehensive list of student managed funds at both the undergraduate and MBA level. Would anyone here happen to know which schools have funds >$1 million?
GibbonAwayNow, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
Any pros willing to rescue this discussion? observer - jw bkitts @Brentwajd"
Hope that helps.
I've just been updating the list that the Student Managed Investment Fund Consortium keeps at https://www.indstate.edu/business/SMIFC/research/stats
We've found over 550 US SMIFs who between them manged more than $715 million.
Penn State has the Nittany Lion Fund ran by undergrad students, however they only accept a small portion of students and the process to get in is rigorous and extremely competitive. ~400 students are competing for ~40 spots on the team so its around a 10% acceptance rate off the bat.
The NLF has a very high placement rates for prestigious positions in finance such as IB, and the fund has a value of over $11mil
From what I know the ivies don't necessarily have very strong or large undergrad funds. I would guess because the brand is good enough for most banks. But from my undergrad (Cornell), there were a bunch of clubs that were truly student run that had <100k but limited to no oversight from faculty so the kids were making the decisions. There are a couple of funds in the MBA school with greater than 2m AUM. The undergrad consulting clubs at Cornell were the top business clubs as they did work with some high profile clients at the student level.
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