{"id":3404,"date":"2018-06-26T00:48:01","date_gmt":"2018-06-26T00:48:01","guid":{"rendered":"https:\/\/nau.edu\/franke\/?page_id=1196"},"modified":"2023-08-29T18:36:57","modified_gmt":"2023-08-29T18:36:57","slug":"student-managed-investment-fund","status":"publish","type":"page","link":"https:\/\/in.nau.edu\/college-business\/franke-experience\/experiential-learning\/student-managed-investment-fund\/","title":{"rendered":"Student Managed Investment Fund"},"content":{"rendered":"<div class=\"nau-block nau-block-left-nav-top-bound\">\n    \t<button id=\"left-nav-toggle-btn\" onclick=\"toggleNav();\">\n\t\tON THIS PAGE \n\t\t<i id=\"chevron-icon\" class=\"fas fa-solid fa-chevron-down\"><\/i>\n\t<\/button>\n\t<div id=\"left-nav-menu-track\">\n\t\t<div id=\"left-nav-wrapper\">\n\t\t\t<div class=\"rfi-above-anchor-tags\">\n\t\t\t\t<div class=\"ri-container\">\n\t\t\t\t\t<a href=\"https:\/\/nau.edu\/admissions\/request-information\/\" id=\"request-info\" class=\"btn bg-true-blue left-nav-menu-bottom-button display-mobile\">Request info&nbsp;&nbsp;<\/a>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t<div id=\"left-nav-menu\">\n\t\t\t\t<div class=\"menu-section menu-section-links\"><h6 class=\"hidden-mobile left-nav-list-header\">ON THIS PAGE<\/h6><ul class=\"left-nav-menu-list left-nav-automatic on-this-page\"><\/ul><div class=\"ri-container\"><a href=\"https:\/\/nau.edu\/admissions\/request-information\/\" id=\"request-info\" class=\"btn bg-true-blue left-nav-menu-bottom-button display-mobile\">Request info&nbsp;&nbsp;<\/a><\/div><\/div>\t\t\t\t\t\t\t\t<div class=\"menu-section backcolor\">\n\t\t\t\t\t<div class=\"header\">\n\t\t\t\t\t\tHOW CAN WE HELP?\t\t\t\t\t<\/div>\n\t\t\t\t\t<ul class=\"responsive-icons\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li><a href=\"tel:928-523-3657\"><img decoding=\"async\" src=\"https:\/\/in.nau.edu\/wp-content\/themes\/nau-marketing-2021\/img\/icon-phone.svg\" alt=\"Telephone:\"> 928-523-3657<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<li><a href=\"mailto:fcb@nau.edu\"><img decoding=\"async\" src=\"https:\/\/in.nau.edu\/wp-content\/themes\/nau-marketing-2021\/img\/icon-email.svg\" alt=\"Email:\"><span class=\"left-nav-email\"> fcb&#8203;@nau.edu <\/span><\/a><\/li>\n\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n<section class=\"nau-block left-nav-section\"><header class=\"entry-header\"><div class=\"breadcrumb\"><ol class=\"breadcrumbs\"><li><a href=\"https:\/\/in.nau.edu\">IN<\/a><span class=\"breadcrumb-chevron\" aria-hidden=\"true\">&gt;<\/span><\/li><li><a href=\"https:\/\/in.nau.edu\/college-business\">College Business<\/a><span class=\"breadcrumb-chevron\" aria-hidden=\"true\">&gt;<\/span><\/li><li class=\"current\">Pages<\/li><\/ol><\/div><h1 class=\"entry-title text-left \">Student Managed Investment Fund<\/h1><hr class=\"h1-hr  text-left \" role=\"none\"><\/header><!-- .entry-header --><\/section><!-- <section class=\"nau-block left-nav-section grid-md-12\">\n    <header class=\"entry-header\">\n        <h1 class=\"entry-title text-left \" tabindex=\"0\" id=\"h1-first\">Dummy H1<\/h1>\n        <hr class=\"h1-hr  text-left \" role=\"none\">\n    <\/header>\n<\/section> -->\n\n<section class=\"nau-block left-nav-section grid-md-12\">\n    <div class=\"page-content\">\n        \n\n<p>The NAU Student Managed Investment Fund (SMIF) was founded in 2000 with an initial fund from the NAU Foundation of $500,000.&nbsp;The fund was created to allow students to apply what they have learned in their educational career by investing money in the stock market.&nbsp;This is a hands-on learning experience, where students are required to perform investment research and manage a portfolio in excess of $1.88 Million.<\/p>\n\n\n\n<p>The first class, FIN 441, is focused on the equity portion of the portfolio, and the second class, FIN 442, is focused on the fixed income portion. The research is performed by sector teams. Team leads are assigned for each sector to oversee group members\u2019 research. Team leads are chosen based on knowledge, effort, and previous participation in the class.<\/p>\n\n\n\n<p>Each team does extensive research on their stocks and bonds and then presents this research to the class. The primary tool being used is&nbsp;Bloomberg. The class votes on whether to implement the recommendation after the presentation takes place. If the class approves the recommendation, the professors then execute the trade. At the end of each semester, a group of students presents portfolio information to our client, The Northern Arizona University Foundation. This presentation includes information on year-to-date performance, buys and sells, overall performance, and future outlook.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">SMIF members<\/h2>\n\n\n\n<section  \n    class=\"nau-block nau-block-panels   \" \n    data-layout_mobile=\"groupLayout-Stack gutter_Default panelLayoutPhotoTextVertical  photoAspect-16-9\"\n        data-layout_tablet=\"groupLayout-Stack gutter_Default panelLayoutPhotoTextVertical  photoAspect-16-9\"\n        data-layout_desktop=\"groupLayout-Stack gutter_Default panelLayoutPhotoTextInsetFloating  photoAspect-16-9\"\n        data-layout_xl=\"groupLayout-Stack gutter_Default panelLayoutPhotoTextInsetFloating  photoAspect-16-9\">\n\n    <div class=\"background-wrapper\">\n        <div class=\"block-main-content\">\n            \n            \n            \n            \n            \n            <div class=\"panel-wrapper\">\n                \n                                \n                        <div class=\"panel bg-twilight  panelTypePhotoText    hasLink panelLinkTypeArrow\"\n                            data-role=\"tabpanel\"\n                            data-panel=\"panel--0\"\n                            id=\"panel--0\">\n\n                                                            <a href=\"https:\/\/in.nau.edu\/college-business\/franke-experience\/experiential-learning\/student-managed-investment-fund\/members\/\"\n                                    target=\"\"\n                                    alt=\"Learn more\">\n                            \n                                                                    <picture>\n                                            <source srcset=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/322\/2022\/06\/4040_career_fair_20181005-2000x1125.jpg\" media=\"(min-width: 1650px)\" \/><!-- xl -->\n                                            <source srcset=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/322\/2022\/06\/4040_career_fair_20181005-2000x1125.jpg\" media=\"(min-width: 1100px)\" \/><!-- desktop -->\n                                            <source srcset=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/322\/2022\/06\/4040_career_fair_20181005-1200x675.jpg\" media=\"(min-width: 768px)\" \/><!-- tablet -->\n                                            <source srcset=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/322\/2022\/06\/4040_career_fair_20181005-800x450.jpg\" media=\"(min-width: 0px)\" \/><!-- mobile --><img decoding=\"async\" src=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/322\/2022\/06\/4040_career_fair_20181005.jpg\" alt=\"Students and employers participating in a career fair.\"  \/>                                        <\/picture>\n                                        <div class=\"content\">\n                                            <div class=\"text-wrapper\">\n                                                \n                                                \n                                                \t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"text alt-link-caret\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p>Meet the Student Managed Investment Fund team members.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t                                            <\/div>\n                                            \n                                                                                                                                            \n                                                <span role=\"none\" class=\"panel-link panelLinkTypeArrow\"><\/span>\n                                                                                    <\/div>\n                                    \n                                                                    <\/a>\n                                \n                                                        <\/div>\n                                                <\/div>\n\n                    <\/div>\n    <\/div>\n<\/section>\n\n\n<h2 class=\"wp-block-heading\">Mission statement<\/h2>\n\n\n\n<p>We recognize the opportunity to enhance our education in finance through active portfolio management and security analysis on behalf of the NAU Foundation.<\/p>\n\n\n\n<p>We strive to earn a risk-adjusted rate of return exceeding our benchmarks outlined in the Investment Policy Statement while adhering to the ethical standards maintained by the CFA Institute.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Awards and recognition<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><em><strong>CFA Global Investment Research Challenge&nbsp;2011<\/strong><\/em>: first place in Arizona\/Nevada division<\/li><li><em><strong>Quinnipiac University GAME conference&nbsp;2011<\/strong><\/em>: first place in undergraduate equity growth division<\/li><li><em><strong>University of Dayton RISE conference&nbsp;2010<\/strong><\/em>: fourth place in undergraduate equity growth division<\/li><li><em><strong>University of Dayton RISE conference 2008<\/strong><\/em>: fourth place in undergraduate equity growth division<\/li><li><em><strong>University of Dayton RISE conference 2005<\/strong><\/em>: first place in equity undergraduate growth division<\/li><li><em><strong>University of Dayton RISE conference 2004<\/strong><\/em>: second place in undergraduate equity growth division<\/li><li><em><strong>University of Dayton RISE conference 2003<\/strong><\/em>: first place in undergraduate equity growth division<\/li><li><em><strong>University of Dayton RISE conference 2002<\/strong><\/em>: third place in undergraduate equity growth division<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">SMIF faculty<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">David Allen<\/h3>\n\n\n\n<p>David Allen is an Associate Professor at Northern Arizona University, where he has been employed since 1988. He is a graduate of Virginia Tech, where he earned a B.S.B.A. in finance (1982), an M.B.A. with a finance emphasis (1983), and a PhD in finance (1988). His PhD dissertation was one of ten finalists in the 19th Annual National Tax Association \u2013 Tax Institute of America Dissertation Awards Program. His research focuses on investments, and has been published in the Journal of Finance, Financial Management, Financial Analysts Journal, and the Journal of Financial Education, among others.<\/p>\n\n\n\n<p>He has twice been named Teacher of the Year at The W. A. Franke College of Business (2002, 2007). He is the founder of, and faculty advisor to, the Student Managed Investment Fund (SMIF). SMIF has won numerous awards in international competitions, as well as outperforming its benchmark by a wide margin in its twelve years of operation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Matthew J. Haertzen, CFA<\/h3>\n\n\n\n<p>Mr. Haertzen is a senior lecturer of finance for Northern Arizona University. He also is a founder of Four Peaks Wealth Management, a private investment firm based in Flagstaff, Arizona. Mr. Haertzen also serves on the board of Georgia Biofuels, LLC a private firm in the wood pellet production business.<\/p>\n\n\n\n<p>Mr. Haertzen was previously a consultant for Cogent Partners, a private equity-focused investment bank that serves as the manager for the $200 million Cambium Global Timberland Fund.&nbsp; Prior to that, Mr. Haertzen served as CIO for the state of Idaho\u2019s Endowment Fund Investment Board, responsible for managing $850 million in financial assets. While in this role, he also served as the investment representative providing input on risk, return, and portfolio structure for the $2 billion Idaho real asset portfolio comprised primarily of timberland holdings.<\/p>\n\n\n\n<p>Mr. Haertzen holds an MBA in finance and strategic management from the University of Minnesota\u2019s Carlson School of Management, and a BA in economics and business from the University of Minnesota, Morris. He has earned the Chartered Financial Analyst designation.<\/p>\n\n\n\n\n<!-- removed margin utility classes pt-0 mb-0 mb-md-70 mb-lg-100 -->\n<section class=\"nau-block headline-image-wysiwyg  color-scheme-blue \">\n    <header class=\"hiw-head-and-hero-wrapper\">\n\n        <h2 class=\"h2\">Financial Statements<\/h2>\n        <picture>\n            <source media=\"(min-width: 1100px)\" srcset=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/322\/2022\/10\/7880_peak_performance_20180418-2000x1125.jpg\">\n            <source media=\"(min-width: 768px)\" srcset=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/322\/2022\/10\/7880_peak_performance_20180418-1200x900.jpg\">\n            <img decoding=\"async\" src=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/322\/2022\/10\/7880_peak_performance_20180418-800x600.jpg\" alt=\"Students studying in class.\">\n        <\/picture>\n    <\/header>\n\n    <div class=\"hiw-innerblockwrapper  \">\n        \n        <!--h3>Financial Statements<\/h3-->\n\n        <div class=\"wp-block-columns\">\n            <div class=\"wp-block-column\"><p>Learn more about the Students Managed Investment Fund&#8217;s financial statements.<\/p>\n<\/div>                    <\/div>\n\n                \n        <div class=\"wp-block-buttons alignright\">\n                                        <div class=\"wp-block-button is-style-ghost-dark\"><a\n                                        href=\"https:\/\/docs.google.com\/spreadsheets\/d\/1ZfmCL-pxSraIdhzE3C6a7vnINU1s9YoT7kTkeerjAR8\/edit?hl=en#gid=1\"\n                                        target=\"_blank\" class=\"wp-block-button__link\">\n                                    SMIF Equity Holdings                                <\/a>\n                            <\/div>\n                                                        <div class=\"wp-block-button is-style-ghost-dark\"><a\n                                        href=\"https:\/\/legacy.nau.edu\/wp-content\/uploads\/sites\/80\/2018\/06\/NAU_SMIF_IPS-RevisedNovember2016.pdf\"\n                                        target=\"_blank\" class=\"wp-block-button__link\">\n                                    IPS Statement                                <\/a>\n                            <\/div>\n                                                        <div class=\"wp-block-button is-style-ghost-dark\"><a\n                                        href=\"https:\/\/legacy.nau.edu\/wp-content\/uploads\/sites\/80\/2018\/06\/SMIF-Reporting-Committee-Presentation-Final_120115.pdf\"\n                                        target=\"_blank\" class=\"wp-block-button__link\">\n                                    Foundation Presentation                                <\/a>\n                            <\/div>\n                                    <\/div>\n    <\/div>\n<\/section>\n\n\n    <\/div>\n<\/section>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":645,"featured_media":9108,"parent":556,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","ring_central_script_selection":"","footnotes":""},"class_list":["post-3404","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/in.nau.edu\/college-business\/wp-json\/wp\/v2\/pages\/3404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in.nau.edu\/college-business\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/in.nau.edu\/college-business\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/college-business\/wp-json\/wp\/v2\/users\/645"}],"replies":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/college-business\/wp-json\/wp\/v2\/comments?post=3404"}],"version-history":[{"count":100,"href":"https:\/\/in.nau.edu\/college-business\/wp-json\/wp\/v2\/pages\/3404\/revisions"}],"predecessor-version":[{"id":12674,"href":"https:\/\/in.nau.edu\/college-business\/wp-json\/wp\/v2\/pages\/3404\/revisions\/12674"}],"up":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/college-business\/wp-json\/wp\/v2\/pages\/556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/college-business\/wp-json\/wp\/v2\/media\/9108"}],"wp:attachment":[{"href":"https:\/\/in.nau.edu\/college-business\/wp-json\/wp\/v2\/media?parent=3404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}