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.

IMG_0672.JPG
IMG_0679.JPG

 

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.