Student Managed Investment Fund

The Student Managed Investment Fund is a Business School initiative designed to promote the development of asset management skills by allowing students to manage a live equity portfolio.

Established in 2017, the University of Queensland Student Managed Investment Fund (UQ SMIF) enables UQ Business School students to apply their academic knowledge and acquire practical skills by managing a portfolio of Australian equity securities using real money in real time. Students gain exposure to the world of asset management by assuming the role of analysts and are responsible for construction, monitoring and management of the fund.

 

Join the Student Managed Investment Fund

Registrations for Semester 2, 2019 close Friday 16 August 2019 4:00pm. 

SMIF Case Competition

Semester 2, 2019

In 2018 the University approved the allocation of $200,000 to the UQ Business School Student Managed Investment Fund. This money was fully invested on two dates in November and December 2018 and has generated a return of 18% as of 12 July 2019 with the portfolio having a value of approximately $236,000. Further transactions were executed on the 17 July 2019.

SMIF in semester 2 will be centered on a portfolio management case competition where teams will compete to be appointed portfolio managers (PMs) for a half year period. It is important to note that this competition will replace the prior SMIF model of analyst teams and portfolio managers. 

In the new competition model, students form their own teams and will be required to produce a comprehensive portfolio solution for SMIF with recommended additions to and sales from the existing portfolio. The solution will need to comply with specified portfolio guidelines and constraints. The winning team will have their portfolio solution implemented and will be appointed portfolio managers for a half-year period before handing over to the next team of portfolio managers in around April 2020. During that period the PMs will be able to make further changes to the portfolio with Investment Committee approval.
 
It is anticipated that there will be a semi-final of the competition judged by UQ Business School academic staff and/or other suitable individuals followed by a final which will be judged by a panel that includes one or more industry professionals. We expect that a cash award will be paid to the winning team paid in two installments, the first upon winning the competition and the second at the end of the period of appointment as PMs. The amount of the cash award is yet to be finalised but will be announced in the near future.
 
Find out more information about the SMIF Portfolio Case Competition and how to register a team.
 
An information session will be held at 5.15pm on Wednesday 7th August in room 14-132.

SMIF Academic Staff

Dr Clive Gaunt
Senior Lecturer in Finance and SMIF Convenor

Dr Clive Gaunt is a Senior Lecturer at the UQ Business School where he conducts research with a focus on asset pricing and stock market anomalies. Clive has published his work in a range of peer reviewed journals including Accounting and Finance, Pacific Basin Finance Journal, Australian Journal of Management and JASSA. Clive has a passion for using data and evidence to inform investment decision making and brings this passion to managing several real world equity portfolios. His wealth of funds management experience provides students with valuable insight and learning opportunities.

 

Professor Karen Benson
Professor of Finance and Deputy President of UQ Academic Board

Professor Karen Benson is a Professor of Finance at UQ Business School. Karen's research focuses on Funds Management with particular reference to factors that drive performance and fund flows. Other topics of interest include socially responsible investment funds, social impact bonds and the use of derivatives by corporations and fund managers. Her research has been well received by both practitioners and academics having been published in internationally refereed journals including Journal of Banking and Finance, Pacific Basin Finance Journal, and Journal of Business Ethics.