Student-Managed Investment Funds: Organization, Policy, and Portfolio Management, Second Edition, helps students work within a structured investment management organization, whatever that organizational structure might be. It aids them in developing an appreciation for day-to-day fund operations (e.g., how to get portfolio trade ideas approved, how to execute trades, how to reconcile investment performance), and it addresses the management of the portfolio and the valuation/selection process for discriminating between securities. No other book covers the "operational" related issues in SMIFs, like organizations, tools, data, presentation, and performance evaluation. With examples of investment policy statements, presentation slides, and organizational structures from other schools, Student-Managed Investment Funds can be used globally by students, instructors, and administrators alike. Addresses the basics of valuation as well as issues related to maintaining compliance, philosophy, performance measurement, and evaluation Provides explanations and examples about organizing a student-managed fund Reviews fundamental stock valuation approaches like multi-stage DDM, FCF, and price multiples

Trading and Money Management in a Student-Managed Portfolio is a hands-on textbook for student-managed investment funds (SMIFs). The book presents the applied material that textbooks on portfolios and investments always overlook. Its focus on "how-to" questions summarizes the disciplines and skills necessary for trading. Covering equities, hedge funds and derivatives, and fixed income, it captures the breadth and detail necessary for developing and executing trading strategies. Developed specifically for SMIF courses, the book features calculations, examples, and software that help you move from talking about markets to taking positions in them. Methodically summarizes the disciplines and skills necessary for trading Teaches you to build a ranking model for securities and write a research report for a sell-side firm Covers equities, fixed income, derivatives, and hedge funds

The number of student-managed investment funds has grown rapidly in recent years. In the four decades since the first student-managed investment fund was established at Gannon University, the number of such funds has grown at a rate of less than one per year to thirty-four in 1993. However, that rate of growth has changed dramatically in recent years. Oak Associates Ltd., the Akron, Ohio based investment-management company, has funded ten student-managed investment funds since January 1996. The fund established by Oak Associates Ltd. at The University of Akron provides students with the opportunity to learn about investing real money on a real-time basis. The Oak Grant provides significant educational opportunities at the University and some real challenges in the organization and management of the funds.

Many colleges and universities now offer student-managed investment fund (SMIF) courses where students simultaneously manage a portfolio of real dollar investments and earn academic credit. This paper compares and contrasts the investment policies and objectives between religiously affiliated and independent private colleges and universities. Universities that offer SMIF courses as a part of their undergraduate finance curriculum were categorized as either a religiously affiliated or an independent private university. An instructor survey was administered to collect data on the specific investment policies with special consideration to socially responsible investment concerns. Additional data was gathered from U.S. News & World Report and the Integrated Postsecondary Education Data System (IPEDS) in order to control for institution size, academic reputation, and other institutional variables. Comparison variables of interest include the size of the fund under student control, whether or not socially responsible investment policies are implemented, and whether or not margin trading and derivative trading are permissible investment strategies. The results of this study outline differences in the practice of socially responsible investing between the institution types and provide a glimpse into some of the unique concerns that religiously affiliated schools consider when operating student-managed investment funds.

Student managed investment funds provide students the opportunity to manage a portfolio of real dollar investments and earn academic credit. Student managed funds typically benefit a University through improved course offerings within the field of finance where academic knowledge and practical experience are developed simultaneously. One area that has not been developed in the literature is the use of option trading strategies in a student managed fund. This paper seeks to fill that void by providing examples of how covered calls and protective puts can be evaluated and implemented in a student managed fund.

The most comprehensive survey ever conducted on student managed investment funds shows there are now 314 universities worldwide that offer students the chance to learn about portfolio management by investing real money. In aggregate, students are directly managing more than $407 million in assets in 2007. Most of these programs supplement the more traditional investment courses, which are offered by every institution with a business college. Over the last two decades, student-managed investment funds have grown in both size and complexity as universities have tried to mirror real world experiences. The career success of students coming out of these programs demonstrates the benefits of providing students with as much hands-on experience as possible. This paper should be of interest to faculty, students, employers, and practitioners in the financial community who desire basic knowledge about state-of the-art teaching investments and portfolio management.

In many universities innovations in financial education have allowed a movement beyond simulations to student management of real dollar funds. Through the investment of real money, students have the additional responsibility to act as a steward on behalf of their client. When purchasing equities as part of their investment portfolio, students can practice real life shareholder advocacy and engagement through socially responsible investing. The focus of this paper will be the experience of shareholder engagement within a student managed investment fund at Anderson University. Specifically, this paper will detail the experience of attending actual annual meetings in person and online, corporate visits, proxy voting, and writing shareowner proposals.