Student Managed Investment Fund
How would you invest $100,000?
Business Administration Majors at Centenary invest real dollars each semester as managers of the Frost School of Business’ Student Managed Investment Fund (SMIF).
The SMIF became an integral part of the finance program at Centenary in 2004 with a gift of $100,000 to the Frost School of Business from William J. Atkins and Edward J. Crawford III.
"The fund provides those student concentrating their coursework in finance with invaluable hands-on experience in managing a long-term investment portfolio with an annual spending objective," said Dean Chris Martin.
2005 Graduate Sherricka Fields talks about her experience with the SMIF.
"The SMIF, currently valued at over $120,000, has five teams of student managers focused on large-cap funds, mid- to small-cap funds, international funds, alternative investments and fixed income."
Martin also notes with pride that Frost’s student teams have consistently outperformed their benchmark indices. He attributes the success of the program to Dr. Barbara Davis, the Guy Sample Professor of Business and SMIF faculty adviser.
"Without Dr. Davis’ expertise and dedication coupled with that of our board advisers, such an enriching experience would not be possible."
The board of advisers, headed by Richard Seale ’69, is comprised of alumni and representatives from the local investment community. Student managers provide monthly performance reports to the board and make a formal presentation to the full board each spring.
In addition to providing real-world experience for students, the SMIF’s spending rule provides the business school with funds for technology upgrades, student travel and other program enhancements. This year, Dr. Davis was again able to travel with her students to the RISE Global Student Investment Strategy Symposium in Dayton, Ohio, where they heard presentations from nationally renowned industry leaders and participated in the student managed portfolio competition.
Emily Evans ’06 remarks that the “experience of working on the SMIF and participating in the RISE symposium were tremendous” and provided her with a realistic preview of what to expect when working in the investment and securities industry. Upon graduation Emily joined Crews and Associates, a full service investment banking firm in Little Rock, Ark. She recently completed her MBA from the Graziado School of Business and Management at Pepperdine University.