One of the events I enjoy attending here at Texas State University is the semester-end presentation by our student managed investment fund (SMIF). This fund consist of a group of select undergraduate students who manage a small portion of the endowment belonging to the McCoy College of Business at Texas State University. SMIF started in 2006 with $100,000 dollars. Since then, the students have performed as well and is some cases better than the professionals who managed the rest of the endowment. As a result, they are now managing $250,000 and are slated to get $300,000 in Fall 2011. Students in SMIF are assigned to be sector-specific analysts and a few among them get put on the investment committee that makes the final investment decisions. Yes, students do get course credit for their work in SMIF, but more than that they get real investing experience. Very few universities offer such an opportunity to undergraduates. Programs like these make me proud to be a part of Texas State University.
Tonight is the semester-end presentation and for the first time it will be streamed on the internet. Click here if you are interested in watching the students explain their investment choices over this semester. It will take place at 5:30 pm CST.