Learning Portfolio Management by Experience: University Student Investment Funds

1990 ◽  
Vol 25 (1) ◽  
pp. 165-173 ◽  
Author(s):  
Edward C. Lawrence
Keyword(s):  
Portfolio Management ◽  
University Student ◽  
Investment Funds

Structuring stock investment funds with a limited number of qualified students

2019 ◽  
Vol 46 (4) ◽  
pp. 499-512
Author(s):  
David A. DeBoeuf
Keyword(s):  
Portfolio Management ◽  
Portfolio Performance ◽  
Investment Funds ◽  
Classroom Structure ◽  
Entrance Exam ◽  
Content Type ◽  
Student Preparedness ◽  
Stock Investment ◽  
Short Period ◽  
Practical Implications

Purpose The purpose of this paper is to outline the problems encountered by a student-managed investment program (SMIP) when the pool of qualified finance majors is limited in number. Restructuring the program to a single-semester course and opening the class to motivated/intelligent non-finance majors increased the number of applicants, but resulted in alternative difficulties, particularly time constraints and inadequate student preparedness. A prerequisite exam and regimented classroom structure were the solutions. Design/methodology/approach The paper discusses the problems encountered and solutions devised to address the early year difficulties experienced by a newly developed SMIP at a relatively small university. The core of the paper chronicles the classroom approach to solving the main problem of a single-semester portfolio management course, the handling of an investment learning curve in a short period of time. Findings Though empirically limited due to the program’s infancy, portfolio performance has been encouraging and student feedback exceptional. Regarding the former, stocks purchased by the fund have created greater wealth in total than that of equal dollar investments in an S&P500 index fund. Practical implications Universities interested in running a student-managed fund should feel secure in a one-semester approach, regardless of talent pool size, as measured by the number of motivated, intelligent finance majors. Originality/value Aside from the uniqueness of requiring a mastery of entrance exam investing materials prior to the first class, this paper’s outline of core portfolio management activities includes several strategies and methods meant to streamline the process within a groupthink design.

STRATEGI GERILYA DALAM MENGGUGAH KESADARAN MASYARAKAT ATAS INSTRUMEN INVESTASI PADA PRODUK PASAR MODAL SYARIAH KHUSUSNYA REKSA DANA SYARIAH

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Sri Anugrah Natalina
Keyword(s):  
Mutual Funds ◽  
Portfolio Management ◽  
Capital Market ◽  
Mutual Fund ◽  
Supervisory Board ◽  
Investment Portfolio ◽  
Investment Funds ◽  
Implementation Evaluation ◽  
Investment Patterns ◽  
Selection Of

Indonesia's financial market is a potential target, because there are still many Indonesian who in their investment patterns do not reflect the diversity and choice of modern investment instruments. This becomes a "homework" to be completed. The maximum absorption of investment funds from Indonesian society that is still conventional can "excite" the capital market again. Shariah mutual funds have a special appeal compared to other types of mutual funds. Shariah mutual funds are currently not limited to Muslims because the general public, who have seen the benefits of investment based on the selection of sector and company with certain criteria, are more promising and minimize risk. Investment portfolio management works based on the framework for investment management which covers the process of planning, implementation, evaluation and adjustment. In mutual funds, investment managers are responsible for investment activities, which include analysis and selection of investment types, and taking necessary actions for the benefit of investors. If there is a problem in the future and the investor wants to change the form of his investment, then he can do the resale of the Shariah mutual fund shares to the mutual fund company where he invests. The Shariah Supervisory Board oversees the transactions of Mutual Fund issuing companies, because the halal returns / funds obtained through mutual funds depend heavily on investment activities carried out by investment managers. The advantage of investing in Shari'ah mutual funds is that it can be done in retail so that the initial investment can be adjusted to financial capability and its value is small. Other benefits include the relatively higher yield of deposits and tax free, as well as the existence of routine audits and supervision by the Shariah Supervisory Board (DPS). Key words: Syariah Mutual Funds, Portfolio Management, Shariah Supervisory Board

TVA investment challenge: an experiential learning program

2019 ◽  
Vol 46 (5) ◽  
pp. 610-623
Author(s):  
Mahmoud Mustafa Haddad ◽  
Arnold L. Redman ◽  
Nell S. Gullett
Keyword(s):  
Experiential Learning ◽  
Portfolio Management ◽  
Oral Communication ◽  
Investment Fund ◽  
Learning Program ◽  
Investment Funds ◽  
Content Type ◽  
University Of Tennessee ◽  
Money Managers ◽  
The University

Purpose The Tennessee Valley Authority (TVA) provided funds to 25 universities in its service region for the establishment of student-managed investment funds (SMIF). The purpose of this paper is to examine the TVA Investment Challenge Program and its implementation at The University of Tennessee at Martin (UTM). Design/methodology/approach Each university has the freedom to structure the process for students to manage its investment fund as it chooses. This paper provides a description of the overall Investment Challenge Program and the specific Program at UTM. Findings The Investment Challenge Program is a valuable experiential learning opportunity for finance majors at UTM. Participating students enhance their portfolio management knowledge, their written and oral communication skills, and their employment opportunities. Research limitations/implications The paper is limited to TVA Portfolio guidelines and managerial style. Practical implications Faculty who supervise similar programs at other universities may be able to replicate some aspects of the program’s design. Originality/value The paper describes the TVA Investment Challenge, a unique program of SMIF. TVA provided funds to 25 universities with the stipulation that the student managers adhere to the same guidelines as TVA’s professional money managers. The university is a participant in the Program.

scholarly journals ANALISIS PENYERTAAN MODAL PT. PDAM DI KOTA X

2020 ◽  
Vol 2 (2) ◽  
pp. 148-156
Author(s):  
Pandji Anoraga
Keyword(s):  
Portfolio Management ◽  
Swot Analysis ◽  
Production Capacity ◽  
Feasibility Studies ◽  
Investment Funds ◽  
Equity Analysis ◽  
Service Portfolio ◽  
Regional Capital ◽  
Production And Operation ◽  
Financial Aspect

The purpose of this report includes the first to determine the feasibility of regional capital participation both economically and legally. The second is as a basis for formulating policies on the implementation of PDAM X Equity Participation.The methodology used in PDAM X's equity analysis is SWOT analysis, portfolio management, risk management and feasibility studies (organizational & human resources aspects, market and marketing aspects, production and operation aspects, audited data-based financial aspects). Financial aspects as a result of improved service and production are increased sales, cost efficiency and profit levels. From a financial aspect, the PDAM service portfolio must answer the problem, however it is very dependent on the funding for operating activities, and on the other hand, it must be able to meet the growing profitability. If there is additional investment funds, the direction is to be able to increase production capacity, service and ultimately be able to increase the volume of water services and be able to increase the profitability of PDAMs. Thus it can be concluded that the project can improve service to consumers and from better service, better water sales will be obtained and better profits.

scholarly journals Legal Aspects of Financial Investment Companies in Iraq Between Ambition and Reality

2020 ◽  
Vol 31 (2) ◽  
pp. 409-436
Author(s):  
Maan Abdulqader Ibrahim
Keyword(s):  
Portfolio Management ◽  
Investment Decisions ◽  
Legal Aspects ◽  
Securities Market ◽  
Investment Funds ◽  
Investment Policies ◽  
Financial Investment ◽  
Record Keeping ◽  
Financial Condition ◽  
Investment Companies

Investment companies are an appropriate way to revitalize the national economy where investors can rely on them to make sure their money is managed strategically, especially for people who do not have enough time to track and manage their investments throughout the day. While many individuals find that investment companies provide the services they most need Others feel that they can manage their investments with confidence on their own accord, and this remains a decision for every investor in himself in investment companies or what is known as investment funds in an institution, partnership or commercial entity that invests the capital raised from investors, so that investors share profits And the company's losses alike, according to the share of each investor. The main goal of these companies is to maintain, manage, sell, and market securities for the purpose of investment, but they provide several other services to investors such as various trust funds, portfolio management, record keeping, and administrative and tax services where investment companies are subject to different regulatory laws, according to the policy and laws of each country, for example in United States of America These companies are organized in accordance with the Investment Companies Regulation Act of 1940, which requires companies to disclose to investors their financial condition and investment policies since the shares were initially sold, and therefore this law focuses on disclosing to investors information related to the fund and its investment goals 1, but it does not allow The SEC is directly supervising the investment decisions or activities of these companies or judging the benefits of their investment. Companies are also subject to the Securities Act of 1933 and the Securities Market Act of 1934. As for Iraqi legislation, investment companies were not mentioned except in the Iraqi Companies Law No. (21) of the revised 1997 CE.

scholarly journals MODELLING OF NET FLOWS TO INVESTMENT FUNDS

2003 ◽  
Vol 4 (3) ◽  
pp. 165-176 ◽  
Author(s):  
Leonas Simanauskas ◽  
Aleksandras Vytautas Rutkauskas ◽  
Irena Kucko
Keyword(s):  
Portfolio Management ◽  
General Model ◽  
Decision Models ◽  
Investment Fund ◽  
Survival Functions ◽  
Investment Funds ◽  
Alternative Future ◽  
Geometrical Form ◽  
Business Line ◽  
Net Flows

The paper presents the general model of net flows to investment funds, which helps to analyse the flows and to solve the problem structurally. The model includes various investment guidelines and different fund types, aspects of risk influence are discussed separately. Furthermore, the conception and techniques of integrated assets and liabilities portfolio management are applied forming and managing the portfolio of investment fund. Integrated assets and liabilities management is based on computerised decision models that represent both the assets and liabilities associated with the business line, characterise the uncertainty of the future environment and produce strategies for structuring the assets and liabilities in business ways that are profitable across a range of alternative future environments. The methods of imitative modelling are used and obtained results are presented in geometrical form of portfolio sets, their efficiency zones, density and survival functions.

Comparison of regulatory regimes for closed-ended private investment funds: Cayman Islands and British Virgin Islands

2020 ◽  
Vol 21 (4) ◽  
pp. 255-262
Author(s):  
Kate Hodson ◽  
Alan Wong ◽  
Simon Schilder
Keyword(s):  
Portfolio Management ◽  
Private Investment ◽  
Virgin Islands ◽  
Cayman Islands ◽  
Extensive Experience ◽  
Investment Funds ◽  
Content Type ◽  
British Virgin Islands ◽  
Fund Managers ◽  
Regulatory Regimes

Purpose To introduce, compare and contrast the new regulatory regimes for closed-ended funds recently enacted in the Cayman Islands and the British Virgin Islands (BVI). Design/methodology/approach Explores similarities and differences between the two regimes, as well as practical implications for fund managers, with respect to (1) the regulatory frameworks governing the funds; (2) the definitions of the types of funds covered by the regulations; (3) registration requirements and associated timing; (4) operating requirements, including responsibilities for portfolio management, valuation and safekeeping of fund property; the number of directors; audits; valuation procedures; safekeeping of fund assets; cash monitoring; identification of securities; offering documents, term sheets and marketing materials; and representation in the respective jurisdictions; and (5) additional requirements, including numbers and qualifications of investors. Findings The new legislation has been enacted in order to respond to certain European Union and other international recommendations and has the effect of aligning the regulatory regimes applicable to such funds structured in Cayman and BVI to the regulatory regimes applicable to such funds in other jurisdictions. Originality/Value Expert guidance from lawyers with extensive experience in fund management, fund structuring and Cayman Islands and British Virgin Islands laws and regulations.

scholarly journals Elevada Rotatividade de Carteiras e o Desempenho dos Fundos de Investimento em Ações

2014 ◽  
Vol 12 (4) ◽  
pp. 469
Author(s):  
Pedro Luiz Albertin Bono Milan ◽  
William Eid Junior
Keyword(s):  
Portfolio Management ◽  
Turnover Rate ◽  
Turnover Rates ◽  
High Turnover ◽  
Investment Funds ◽  
Market Portfolio ◽  
Active Portfolio Management ◽  
The Impact ◽  
Portfolio Return ◽  
Shed Light

The active portfolio management aims to outperformance a market portfolio return, however, there is a great discussion among academics and practitioners about the real possibilities to outperformance the market portfolio return by an actively portfolio management. This paper shed light on Brazilian market, pursuing the impact of a high portfolio turnover rate in the performance of equity mutual investment funds. The study evidence high turnover rates negatively affecting the performance of the funds. Furthermore, the performance fee and the size effect are important aspects to acces better performance.

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