UAF Student Investment Fund celebrates 30-year anniversary
![The first six UAF Student Investment Fund presidents gather. Front row, from left: Steve Bainbridge, spring and fall '92; Gordon Cooper, fall '91. Back row, from left: Gary Hagestead, spring '93; Greg Krier, fall '93; Dan Flodin, spring '94; Charles Christy, fall '94.](https://uafcbsm.com/wp-content/uploads/SIF-30-Year-Photo1-11-30-21-1024x584.jpg)
91视频 College of Business and Security Management this year celebrates the 30th anniversary of the Student Investment Fund鈥檚 creation.
Starting with $100,000 from the UA Foundation, the SIF has grown to approximately $2.2 million, thanks largely to investment returns. Over its 30-year history, the SIF boasts an average annual return of 11.3%, compared to the 10.8% average annual return of its benchmark, the S&P 500. It supports several needs-based scholarships each year.
鈥淲hen the Student Investment Fund was formed in 1991, it was the first of its kind in 91视频, and it was a relatively novel development in higher education,鈥 said Kim McGinnis, SIF faculty advisor in the college, formerly UAF鈥檚 School of Management. 鈥淚t represents another way that CBSM has brought innovative and hands-on learning experiences into the classroom.鈥
![Kim McGinnis (second from right) displays the CFA (Chartered Financial Analyst) Institute Research Challenge Awards given to students at the CFA Society Hawaii Conference in February, 2017.](https://uafcbsm.com/wp-content/uploads/SIF-30-Year-Photo2-11-30-21-1024x683.jpg)
Students in the Student Investment Fund class, an upper-division business course, gain real-world experience learning the principles of stock valuation and selecting investments. They鈥檙e responsible for the day-to-day management of the portfolio, including screening and evaluating investments and monitoring performance of current holdings.
鈥淲e use a fundamental analysis approach when evaluating stock,鈥 said Jenifer Garcia, a student in the fall 2021 Student Investment Fund class. 鈥淭his was very rewarding because I was able to read through financial statements, something I have learned in my accounting courses, and use the information gathered to help evaluate stocks. SIF really helped me see how accounting and finance work together in the 鈥榬eal world.鈥欌
Students are responsible for all investment decisions. By overseeing a portfolio of high-quality, U.S.-listed equities, students experience both the growth and volatility of the stock market firsthand. Ultimately, the student fund managers acquire a deeper understanding of the concepts taught throughout their undergraduate and graduate business studies.
Several donors have supported the fund and the technology needed to stay ahead of the indexed markets. Gifts from McKinley Capital Management, Northrim Bank, Association of General Contractors and the Spirit of 91视频 Federal Credit Union have helped to cover travel to conferences, specialized financial databases and other essentials for running the fund. These resources give students a competitive edge over their peers at other universities and better prepare them for professional success.
![SIF students Nikolai Unruh, Jenifer Garcia and Bryan Sauer walk across the State Street bridge over the Chicago River.](https://uafcbsm.com/wp-content/uploads/SIF-30-Year-Photo4-11-30-21-1024x768.jpg)
SIF students travel to cities such as Chicago, New York and San Francisco to attend investment management conferences and participate in career treks. In October 2021, three students attended the Student Managed Investment Fund Consortium in Chicago, Illinois. This was an opportunity for UAF students to network with approximately 160 students representing 27 colleges and universities, as well as to engage with, learn from and exchange ideas with investment professionals.
鈥淚n the future, I envision working more collaboratively with our peers in the natural sciences and engineering, as contemporary investment management practices favor strong technical skills such as computer programming and deep industry expertise,鈥 McGinnis said.
Real investment dollars have not only allowed students to acquire a better grasp of investing but also benefited other UAF students in financial need. Since its inception, the fund鈥檚 earnings have provided more than $135,000 in scholarships and helped 70 UAF students. In recent years, robust earnings provided more money for need-based scholarships, allowing four annual awards of $2,500 each.