The Beginning of the SMIF

In 1999, Dr. Ronald Rogers, faculty advisor for the Financial Management Association International USC Chapter reached out to the USC-Business Partnership Foundation Board of Trustees to commit funds to be managed by the USC student chapter of the Financial Management Association. The USC BPF Board of Trustees allocated $500,000.

Unfortunately, for various reasons, the Fund decreased in value to a low of $276,102 in 2003. At that time, Dr. Tim Koch, Professor of Finance, became the Supervising Faculty Member for the Student Managed Investment Fund (SMIF) and in 2004, a class was offered with a limited enrollment of fifteen students. Under Dr. Koch’s oversight, the fund steadily increased in value.



Dr. Shingo Goto took the role of the Supervising Faculty Member of the Fund in 2011. Under the instruction and guidance of Professor Goto, students conducted research to develop a unique investment model and a systematic and disciplined investment process in the spring 2011 and spring 2012 semesters. In 2013, the class started to implement these new strategies.

The SMIF has developed from a portfolio derived 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 SMIF has grown to over $900,000. Our current Supervising Faculty Member, Colin Jones, Ph.D., provides guidance and instruction to the members of the Fund in order to continue our portfolio's successful performance moving forward.