Student Managed Investment Fund
The University of Dallas Satish & Yasmin Gupta College of Business has recently received
a $100,000 gift from an anonymous donor to create a Student Managed Investment Fund
(SMIF) program beginning Fall 2013. The fund will be managed by graduate and undergraduate
economics and finance students, who will be responsible for all investment research
The mission of the SMIF at the University of Dallas is to enhance students' academic
pursuits in the study of finance by offering exposure and participation in investment
research/analysis and portfolio management/strategies. The SMIF will begin with five
to six student members and an Advisory Board will be organized for the purpose of
providing counsel and guidance for students.
SMIF follows a conservative management strategy, investing mainly in S&P 500 companies.
Specifically, SMIF results shall be evaluated against the S&P 500 Index Comparisons
will be made on a risk-adjusted basis through utilization of appropriate risk-adjusted
performance ratios such as the Sharpe Ratio, the Treynor Index, the Jensen Performance
Index, and Information Ratio. Members of the SMIF will take a weekly review of the
existing portfolio, and a monthly risk-adjusted performance analysis of the portfolio
will be conducted for a review/discussion of the SMIF portfolio and evaluating any
A portion of the returns generated by the Fund will be dedicated to a scholarship
program for prospective and current students with a demonstrated interest in finance.
Scholarships will be awarded by the Satish & Yasmin Gupta College of Business. The
SMIF will also be used to complement coursework in the new M.S. Finance Program starting
in fall, 2013. Ultimately, SMIF provides student managers with a competitive edge
over peers in realizing their career objectives and prepares students for the Chartered
Financial Analyst (CFA) Level 1 Exam.