Student Managed Portfolio
The Darla Moore School of Business Student Managed Portfolio (SMP) is an opportunity for students interested in gaining investment analysis and portfolio management experience. The SMP is a real portfolio and the student’s research lead to real stock picks.
Students meet with the professor and class twice a week, in the Moore School's Trading Room. The class exposes students to decision making in the design of a portfolio, especially with respect to asset allocation, security selection, and risk management.
Students will have access to a variety of industry programs to aid in the process including: Bloomberg and CapitalIQ.
The course is limited only to students with strong background and genuine interests in investments and scientific methods. Enrollment in this course requires a special permission from the instructor. Students must complete FNA 762 (for FINA772) or FINA469 (for FINA472) before enrolling in this course. Familiarities with financial statement analysis or/and strong quantitative skills (especially for students with business analytics concentration) are also required.
The application process takes place mid semester around the time of advisement. If you have any questions or are interested in applying, you can contact Colin Jones, Ph.D., to learn more.
Colin Jones, Ph.D.
2016 Spring Report
The Student Managed Portfolio was approved in 1999 with $500,000. Unfortunately, the value of the fund soon fell to below $150,000 following the IT bubble. In 2006 the fund received additional investment and was valued at $500,000 with the funds make up being determined by individual stock selection. After up and down years, the funds advisement decided there was a need to change strategies in order to better manage risk. In 2011 the class started to collect and examine financial data and in 2012, under the advisement of Prof. Goto, the fund developed policy and determined investment strategies moving forward. In 2013, with $500,000 in the fund, the class started to implement these new strategies.
The SMP had changed from individual stock selection to a more balanced mix of stocks and ETF’s. Under the new portfolio strategy, which better reflects the strategies of industry funds, the SMP has grown to over $790,000. With this current strategy in place, the SMP currently performs in the top 85% of managed funds, beating the S&P 500 for 3 years running. Through the use of the scientific method, diligent research and top university talent, the fund works to continue its successes moving forward.
*Graph of monthly returns from the Fina772 SMP indicated in blue, SP500 indicated in orange.