The University of Dallas Satish & Yasmin Gupta College of Business received a $100,000 gift from an anonymous donor to create a Student Managed Investment Fund (SMIF) program in the beginning of Fall 2013. The fund was managed by graduate and undergraduate economics and finance students, who were responsible for all investment research and reporting.
The mission of the SMIF at the University of Dallas is to enhance students' academic pursuits in the study of finance by offering exposure and participation in investment research/analysis and portfolio management/strategies. The SMIF began with five to six student members and an Advisory Board was organized for the purpose of providing counsel and guidance for students.
SMIF follows a conservative management strategy, investing mainly in S&P 500 companies. Specifically, SMIF results are evaluated against the S&P 500 Index.
Comparisons are made on a risk-adjusted basis through utilization of appropriate risk-adjusted performance ratios such as the Sharpe Ratio, the Treynor Index, the Jensen Performance Index, and Information Ratio. Members of the SMIF take a weekly review of the existing portfolio, and a monthly risk-adjusted performance analysis of the portfolio is conducted for a review/discussion of the SMIF portfolio and evaluating any revisions.
A portion of the returns generated by the Fund is dedicated to a scholarship program for prospective and current students with a demonstrated interest in finance. Ultimately, SMIF provides student managers with a competitive edge over peers in realizing their career objectives and prepares students for the Chartered Financial Analyst (CFA) Level 1 Exam.
One of the SMIF students received $830 scholarship for the Chartered Financial Analyst (CFA) exams. The scholarship covers their CFA program enrollment fee and CFA exam registration fee. Scholarships are awarded by the Satish & Yasmin Gupta College of Business.
UD students not only read St. Augustine's Confessions in Rome, traveling to Ostia to marvel at the place in which, according to Book IX, St. Augustine and his mother, St. Monica, had a joint mystical vision of God -- they also travel 4.4 miles from the Irving campus to read the text with residents of South Irving.
+ Read MoreAs you know if you’ve read even some of our first UD Reads book, "All the Light We Cannot See," it’s possible to build a radio from random, scavenged parts, as long as you can find the necessary random, scavenged parts, as Werner does in the book. This is also essentially what Assistant Professor and Department Chair of Physics Jacob Moldenhauer did as well: He scavenged parts from the Physics Department, and built a radio.
+ Read MoreThe University of Dallas Board of Trustees announced today that it has unanimously selected Thomas S. Hibbs, Ph.D., BA '82 MA '83, to serve as the university's ninth president. The first alumnus of UD to be president, Hibbs has served as dean of the Honors College and distinguished professor of ethics and culture at Baylor University since 2003.
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