Students Manage Fund
Students enrolled in the senior-level investments course will now have the opportunity to develop their money management skills through a new student-managed investment fund at NMU. The fund was established by the College of Business to provide students with a hands-on, real world experience in actively managing the investment of actual monies in equities, bonds and other financial instruments.
The fund will start with $200,000. The bulk of that amount, $150,000, will come from the university's endowment fund. The remaining balance contributed by alumni and friends of the College of Business.
As part of their classwork, the students will conduct research into industries and companies and recommend buying and selling stocks and bonds. They will be advised on investment strategies by a board of financial services industry professionals.
“The student-managed investment fund is an important component of our goal to offer a first-class undergraduate business education,” said Rajib Sanyal (College of Business). “It is also designed to complement the creation of a real-time investment trading room, where students will use live market information to simulate the execution of purchase and sale of stocks and bonds.”
The investment policy of the fund calls for preserving and growing the initial capital amount, and using part of the returns to support academic and student-related programming.