NDSU's Student Managed Investment Fund (SMIF) was formed during the 2006-07 academic year, at the suggestion of Dean Ronald Johnson, with two complementary objectives. The first objective was to provide a unique educational experience for advanced business students by providing an opportunity to actively manage a significant portfolio of “real money.” The second objective was to manage a portfolio in such as way as to provide competitive financial returns with appropriate levels of risk – i.e., to provide long-term performance equal to, or better than, professional portfolio managers.
The group’s activities were ultimately made possible by a generous offer from Dean Tom Riley which allowed the Bison Fund to manage an endowment portfolio of approximately $108,000 for the benefit of the Institute of Regional Studies. The student founders of SMIF then proceeded to develop a roadmap for managing the endowment. This process involves understanding the clients’ objectives and expectations with regard to investment risk return. With this information in hand, and after considerable planning, SMIF portfolio managers developed a professional Investment Policy Statement describing how the portfolio would be invested – including guides for asset allocation (i.e., allocations to stocks, bond and cash) and security selection (i.e., which stocks to purchase). The Fund was initially deployed on March 14, 2007, with the purchase of approximately 25 individual stock issues and a bond mutual fund.
Students interested in participating with NDSU's student managed investment fund should complete or be enrolled in FIN 410 (previously BUSN 441) Investment Analysis and Management, preferably in their junior year. Students may apply to the program by contacting faculty advisor, Dr. Fariz Huseynov.
January 2014--The Bison Fund Grows to 1.1 Million!
The Bison Fund, the student-managed investment fund in the College of Business, has just been given the responsibility to manage more than $900,000 of university gift money. With guidance from Dr. Fariz Huseynov, Assistant Professor of Finance, the students make investment decisions to continue to grow the fund. Beginning in 2007 with responsibility for managing more than $100,000 provided by the Institute of Regional Studies, the Bison Fund now manages in excess of $1.1 million of assets. Congratulations to the students who have earned the trust of the university.
Bison Fund Officers
Dan is planning to graduate in the spring of 2015 with a degree in Finance. He has been with the bison fund for three years now. He is very involved with campus activities and enjoys the relationships that come from them. He is also a member of the Legacy Program at the NDSU College of Business. Right now he is working towards his Bloomberg certification.
Technology & Healthcare
This is Ryan's first year with the Fund. He is a junior studying marketing. He someday wants to work for an advertising company where he can utilize his marketing strengths. His anticipated graduation date is the spring of 2015. He is a member of the Legacy program, and is part of the Financial Literacy team that helps high school and college students learn the basics of financial literacy. He is also involved with Bison Ambassadors and Bison Guides.
Internal Vice President
Charles is a junior studying Ag. Economics. He has been involved with Bison Fund for two years now and has very much enjoyed his time. This past summer he participated in an internship with Archer Daniels Midland in Winona, MN. He traded commodities and excelled, while learning about the merchandising business. He is also training to become Bloomberg certified, and plans to graduate in the spring of 2015.
Alex is set to graduate in December of 2014 with a bachelor of science degree in Finance. She is currently looking for a Finance Internship in the Twin Cities for the summer 2014. She is a member of the Legacy Program, and a part of it's Financial Literacy team. She is also the classroom coordinator for Legacy. After graduation, she plans on getting a job in the Twin Cities as a financial advisor or financial analyst.
Healthcare & Financial Services
Nichole Strei is a management major with a minor in HDFS. She loves to work with children and is involved with the campus daycare at the Wellness Center. Someday she wants to run her own daycare business and help children. She anticipates graduating in the spring of 2015. She is from Montevideo, MN. With the free time she has, she loves to spend time with family and friends.
Dr. Fariz Huseynov