The Student
Managed Investment Fund was started in December 2002 and is
currently offered to graduate students through one
course, FIN 684, which is valued at 3 credits. In order to
enroll in the program students must apply by the application
deadline dates. (The application deadline date for the Spring 2009
semester was October 31, 2008.)
An application may be
picked up from the Department of Economics and Finance on the 3rd
floor of Bent Hall. Once the application deadline has passed a
committee will review the applications and compile a list of
candidates that will be allowed to register for the
course. Students will be notified as to whether they have been
accepted into the program as soon as possible after the application
deadline. If accepted, students must register in person at the
Dean’s Office in Bent Hall, Room 111. The Dean’s Office will
have a list of the accepted students.
The course is designed
to give the students a hands-on experience at performing investment
research, investing money and managing a portfolio prior to
entering the work force. Students are expected to generate
investment ideas, research investment opportunities and make
recommendations based on their analysis. Some of the research
is performed individually while other research is done as a team.
It is the student’s responsibility to initiate research ideas and
to recommend specific investment actions.
Once completing and
presenting their research to the class students may recommend the
purchase or sale of securities. The class then votes on the
recommendation. If the recommendation is approved, a
presentation is then made to the Investment Committee. The
Investment Committee is a committee made up of professors, members
of the President’s office and business executives. If the
Investment Committee approves the recommendation the transaction is
executed. The procedures and policies governing the investment
process are detailed in the Graduate Student Managed Fund
Investment Manual.
For more information, contact:
Professor K. Thomas Liaw
(718) 990-7308
liawk@stjohns.edu