BATON ROUGE – LSU Department of Finance Instructor
John Selser’s Student Managed Investment Fund class presented this
semester’s results of the Tiger Fund, which began in 2005 with a
$1,000,000 endowment granted by the LSU Foundation, on Monday, May 3,
2010. The event is a regular end-of-semester occurrence where the
students present to the SMIF Advisory Board. This year, the class was
honored with the attendance of LSU Executive Vice Chancellor and Provost
Astrid Merget and E. J. Ourso College of Business Dean Eli Jones.
The SMIF class is held in the finance department’s Securities
Market Analyst Research and Trading Lab. Funded by LSU’s Center for
Computation & Technology, the SMART Lab allows students to gain
real-world experience in securities analysis, research and trading. The
Lab consists of 44 networked workstations, as well as Bloomberg
Several students made presentations regarding their progress
on the fund, including Cale Smith, Caelen Schutzman, Ryan Dorbandt,
Matthew Follis, Benjamin Blasche, Joshua Dehghanpir, Jonathan Murdock,
Noah J Lirette and Brian McNamara. The class consists of undergraduate
and graduate students.
The returns generated by SMIF’s portfolio are quite
impressive, according to Selser, with a year–to-date return of 3.66
percent, and a one-year return of 30.33 percent. The portfolio is
currently valued at more than $1.2 million. The fund must stay within a
range of 50 percent to 150 percent, relative to the benchmark
weighting, which is the S&P 100.
"The Tiger Fund has held up well during these turbulent
financial times,” said Master’s of Finance student Jonathan Murdock.
“The SMIF class has been faced with a difficult challenge to try and
remain conservative in some sectors but aggressively seeking return in
others. This is what makes the SMIF class so valuable, the practical
application of the academic fundamentals we have learned in our other
Members of the SMIF Advisory Board also attending the presentation included:
- Amanda Gaspard, senior investment manager of the LSU Foundation;
- George Moss, chief investment officer of the LSU Foundation;
- Tommy O’Connor, managing director at Morgan Keegan;
- Tish O’Connor. instructor in LSU’s Department of Finance and assistant director of the SMART Lab;
- Carlos Slawson, associate professor and chair of LSU’s Department of Finance.
The Department of Finance at LSU’s E. J. Ourso College of
Business offers high quality programs for undergraduate and graduate
students interested in careers in corporate finance, asset management,
real estate, insurance, banking, financial planning and business law.
Aiming to create exciting educational opportunities for its students,
the department employs tools such as the Securities Markets Analysis
Research and Trading (SMART) Lab. This 44-station simulated interactive
trading floor enables students to gain practical experience in the
fast-paced world of securities analysis, research and trading.
Additionally, the Department of Finance encourages, supports and
conducts research in real estate by housing the nationally renowned
Real Estate Research Institute. For more information, visit www.bus.lsu.edu/finance, call 225-578-6291, or e-mail finance.lsu.edu.