Three students of Hofstra’s Student Managed Investment Fund (SMIF) took third place in the Sixth Annual Student Managed Investment Fund Consortium (SMIFC) Conference Pitch Competition in Chicago. Mathematical Finance major Emalee Jimenez ‘19, Management major Thomas Maciura ‘19, and Finance major Suveer Seemangal ‘21 of the Frank G. Zarb School of Business, won for their research report evaluating Apple’s stock price.
The competition was a new addition to the 2018 SMIFC Conference, giving students from the 29 colleges and universities in attendance the option to submit a five-page paper and supplementary materials on Apple. The student research reports were evaluated and judged by a group of CFA investment professionals.
“We are proud of this recognition, given that this was the first exposure of our Hofstra SMIF analysts to this conference and competition,” said Edward Zychowicz, finance professor and faculty advisor of the Student Managed Investment Fund. “Overall, the conference was a rich learning experience for all the faculty and students who attended.”
SMIF was started two years ago to give students experience managing a pool of real money, doing equity research and making investment recommendations.
The 13 student analysts, who meet weekly with Dr. Zychowicz, and use Bloomberg terminals in the Martin B. Greenberg Trading Room to conduct research, earn three credits for the yearlong class.
“Our student analysts are highly self-motivated and passionate about finance,” said Dr. Zychowicz. “Last year’s analysts beat their benchmarks for returns, so this year’s group is excited to work to do the same. With SMIF, they’re able to put theory into practice.”