Confessions of a faculty advisor: Development of a student managed investment fund program under constraints
ISSN: 0307-4358
Article publication date: 29 May 2019
Issue publication date: 28 May 2020
Abstract
Purpose
The purpose of this paper is to describe how a student-managed investment fund (SMIF) moved from an idea to an operational program over the period of a year at Memorial University in Newfoundland, Canada. The aim is to provide insight to other institutions on how to build capacity when developing their own SMIF.
Design/methodology/approach
I summarize the choices made with respect to funding source, governance structure, faculty involvement, recruitment, investment activities and integration into curriculum.
Findings
Underlying these choices were challenges pertaining to capacity, student competencies, the existing finance program and ties to industry. Through the development of the SMIF, efforts ensured that capacity was suitably developed in each of these areas.
Research limitations/implications
This paper provides insight to other institutions on how to build capacity while developing their own SMIF.
Practical implications
This account provides the field with a unique perspective. It is written following a year spent developing a SMIF that is about to launch.
Originality/value
This account provides the field with a unique perspective. It is written by a new faculty member following a year spent developing a SMIF that is about to launch.
Keywords
Citation
Oldford, E. (2020), "Confessions of a faculty advisor: Development of a student managed investment fund program under constraints", Managerial Finance, Vol. 46 No. 4, pp. 576-586. https://doi.org/10.1108/MF-08-2018-0390
Publisher
:Emerald Publishing Limited
Copyright © 2019, Emerald Publishing Limited