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Student Managed Fund (SMF) reaches $300,000 effective May 8, 2020

Student Managed Fund (SMF) Historical Value

Student Managed Fund (SMF) reaches $300,000 effective May 8, 2020 despite COVID-19 negative impact on the stock market. This is $50,000 increase from the SMF value of $250,000 in April 2019. The total SMF value of $300,000 as of May 2020, shows 20% gain since last year and 500% gain since inception. The Gallaudet University Student Managed Fund (SMF) is an equity fund managed for the University’s endowment by enrolled students in the Investment class BUS-253 each semester, under the supervision of Dr. Fouad Moussa, associate professor of Finance at the Department of Business.

The SMF has a dual purpose. First, the student managers of the SMF strive to achieve maximum return on investments for the University. Second, by participating in investment decisions for the SMF, Gallaudet University undergraduates obtain unrivaled practical experience researching investment options, making portfolio decisions, and interacting with finance professionals in the field. The SMF’s preliminary startup activities began with initial $50,000 during the 2001-2002 academic year by the late Dr. Stephen Chaikind. At that time, a structure and set of rules for managing the SMF were established. These include diversification guidelines limiting initial investments in any one company to no more than 10 percent of the total value of the SMF. Other rules generally follow Gallaudet University’s regular endowment guidelines, including diversification requirements across sectors; stock selection based on sound research; and prohibitions on using margin for investments, short selling, options, investments in tobacco companies and listings appearing only on foreign stock exchanges. All funds invested, as well as any gains or losses, remain part of the University’s endowment.

Posted by Fouad Moussa | Posted May 11, 2020 at 9:59 AM

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Gallaudet

800 Florida Avenue NE
Washington, DC 20002