A student managed investment fund is a pool of

money Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as ...

which

business student Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separat ...

invest Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...

as a learning experience. As of 2008, more than 200

universities A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, t ...

in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

have student-run

fund Fund may refer to: * Funding is the act of providing resources, usually in form of money, or other values such as effort or time, for a project, a person, a business, or any other private or public institution ** The process of soliciting and gathe ...

s, which vary in size from several hundred thousand dollars to millions of dollars. The funds to be managed come from various sources, such as gifts from private individuals and corporations, gifts from foundations, and from university endowment or foundation assets. Some student managed

investment fund An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages inc ...

s such as the

University of Texas at Austin The University of Texas at Austin (UT Austin, UT, or Texas) is a public research university in Austin, Texas. It was founded in 1883 and is the oldest institution in the University of Texas System. With 40,916 undergraduate students, 11,075 ...

manage funds for private clients, who are

accredited investor An accredited or sophisticated investor is an investor with a special status under financial regulation laws. The definition of an accredited investor (if any), and the consequences of being classified as such, vary between countries. Generally, acc ...

s under U.S. securities laws. Another source is the

loan In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that d ...

that supplies the funds at Cameron University. Some student managed investment funds are organized by function (accounting, public relations, etc.), while others such as the

Lemma Senbet Fund The Lemma Senbet Fund is the largest student managed investments fund by endowment in the U.S. It's offered as a limited-enrollment year-round experiential learning course to top tier undergraduate students from the Robert H. Smith School of Bu ...

are organized by economic sectors ( Consumer Products,

Energy Industry The energy industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy indu ...

Information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system (I ...

, etc.). The business students managing the fund typically take a for-credit course in conjunction with their management duties. Many of these programs belong to the Association of Student Managed Investment Programs. In addition to managing a portfolio, these classes provide related experiences relevant to being a professional fund manager. For example, the CFA Society of Orange County Foundation (CFAOCF) conducts an annual request for proposals competition which allows student teams from local universities to experience first-hand the process that fund managers must go through in order to be allowed to manage institutional funds. Outside the United States there is Protege Ventures, a student managed investment fund programme that only invests in companies founded by students. The programme was launched in 2017 by

Singapore Management University The Singapore Management University (SMU) is a public autonomous university in Singapore. The university is the only city campus in Singapore. It ranks third in Asia as a specialist university, behind Hong Kong University of Science and Techn ...

Institute of Innovation and Entrepreneurship and

Entrepreneurship Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values th ...

community Kairos Asean, and is currently the only student managed investment fund operating in

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical United Nations geoscheme for Asia#South-eastern Asia, south-eastern region of Asia, consistin ...

. Trinity College Dublin established the first European student managed fund in 2011.

References

External links

Annual Report for CSULB Student Managed Investment Fund

Prospectus for Univ. of Connecticut Student Managed Fund

Gabelli School of Business
Financial risk management {{US-edu-stub Education International Investment Venture capital firms

See also

References

External links