The Undergraduate Student Investment Fund (USIF) is a primary function of the Marshall School of Business capstone Investment Management course, “Advanced Practicum in Portfolio Management.” This course offers a year-long experiential learning seminar in applied investment management. It is designed to give students rigorous exposure to contemporary investment and portfolio theory and practice. It also allows the students to learn the skills of actual money managers.
Analytical framework and tools for valuation of stocks, bonds, options, futures, risk management and portfolio optimization, and performance attribution will be presented. In addition, behavioral finance will be introduced. Students will demonstrate and refine their understanding and ability to apply analytical concepts and techniques through fund management, industry reports, company research reports, and stock pitching exercises.
With the generosity of the various donors to the University, the USIF program was established in 2008. As of April 1, 2011, a total of $550,000 was donated to USIF by various donors, and the total assets under management for the USIF was about $612,000. Today, there are 15 USIF managers with $950,000 under management.
- To provide a select group of up to 16 undergraduate students with hands-on experience in managing a portion of the University’s equity endowment;
- To provide an academic background for the consideration and appreciation of security analysis and portfolio management through assigned and self-selected readings;
- To enhance academic framework through interaction with individuals and institutions engaged in the money management business;
- To produce and present an Annual Report which will provide a record of achievement in each of these areas.
Suh-Pyng Ku, Professor of Clinical Finance & Business Economics.