Student Managed Funds – a panel discussion

Hunter M. Holzhauer (Department of Finance, The University of Tennessee at Chattanooga, Chattanooga, Tennessee, USA)
Timothy A. Krause (Department of Finance, Penn State Erie – The Behrend College, Erie, Pennsylvania, USA)
Judson Russell (Department of Finance, University of North Carolina at Charlotte, Charlotte, North Carolina, USA)
Deborah Harrell (Department of Finance, University of Tennessee, Knoxville, Tennessee, USA)
Arindam Bandopadhyaya (Department of Finance, University of Massachusetts Boston, Boston, Massachusetts, USA)

Managerial Finance

ISSN: 0307-4358

Publication date: 2 April 2019



Student Managed Funds (SMFs) are extremely popular investment programs at many colleges and universities that provide their students with experiential learning opportunities to manage real money. However, the size, scope and specific features of these SMFs differ substantially. The purpose of this paper is to deliberate about a panel discussion on several important SMF issues that took place at the Southern Finance Association conference in November, 2016.


The panel includes one moderator and four panelists, all of whom serve as SMF faculty directors at their respective schools.


The panelists’ answers show that almost no two SMFs are created the same, supervised the same way by different faculty directors or managed the same way by their respective students.


The panelists provide insight about their respective SMFs and offer advice on how to create SMFs and how to supervise students managing SMFs in a more effective manner.



Holzhauer, H., Krause, T., Russell, J., Harrell, D. and Bandopadhyaya, A. (2019), "Student Managed Funds – a panel discussion", Managerial Finance, Vol. ahead-of-print No. ahead-of-print.

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