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 contact any of the Bison Fund officers for information on the organization.
Bison Fund Officers
Jason will graduate from NDSU in Spring 2013 with degrees in Business Administration, Economics and Finance. After graduation, he will pursue a career in portfolio management in the Minneapolis area. He is in preparation to take the CFA level I Exam in June 2013.
External Vice President
Joe is set to graduate this spring with a Master's of Science in Applied Statistics. As an undergraduate, he received his Bachelor's of Science with a double major in Mathematics and Statistics and a minor in Business Administration. Currently, he is interning as a biostatistician at Catalyst Clinical research and he is also lecturing Stat 330 courses at NDSU. He also works with NDSU's lacrosse team as a statistician/coach. After graduation, he plans on pursuing a career in actuarial science. He has passed Exam P/1 and is studying for Exam FM/2. Joe also aspires to start his own consulting company in the future.
Internal Vice President
Ian is a senior at NDSU and will be graduating in the Spring of 2013 with a Bachelor of Science degree in Finance. He became interested in and began investing at the age of 13 when his father introduced him to the market. Upon graduation, he plans on pursuing a career in finance in the F/M area, the Twin Cities, or Hawaii where his parents reside.
Jeremy is set to graduate this spring with a Bachelor of Science degree in Finance and a Bachelor of Arts in Spanish. He has always been fascinated with investing and currently works for Farmers Insurance Group here in Fargo. After graduation, he plans to work in the investment industry and someday start his own business.
Dr. Fariz Huseynov
Dr. Wei(David) Zhang