Mission Statement: Provide undergraduate students with a unique learning experience through portfolio management, security evaluation, and a support network.   

Why Student Managed Investment Fund (SMIF):

  • If, as a student, you seek to develop your financial acumen and want to join a network of colleagues who are curious about the equity market, then apply to SMIF.
  • If, as an alumni, you want to give back to UGA and the Terry College of Business, then come to SMIF to share your ideas and educate our analysts.
  • If, as a recruiter, you search for talented and ambitious students that can contribute to your company’s mission, and culture, then drop by our class to discover your new hires.  

About Us:

The Student Managed Investment Fund (SMIF) is a 3 credit hour (1.5 credits per semester) course where students will have the opportunity to manage a long-only value fund investing in U.S. equities. Students will be responsible for managing over $1.4M of capital from alumni and the University of Georgia Foundation. Entry into the fund is highly competitive. The interview process occurs in the spring semester each year and attracts top students from the Terry College of Business.

Students accepted into the fund will be divided into eight industry sector teams that align with their preferences. These teams will be expected to research and follow securities in their industry sectors and will periodically present potential investment opportunities to the class.

Sectors: Discretionary, Energy, Healthcare, Industrials, Media & Telecom, Real Estate & Misc., Staples, Technology

  1. Education: The Terry SMIF will provide a valuable avenue to deliver high quality education to students in the Banking and Finance Department of the University of Georgia’s Terry College of Business. By managing the investments of the Terry SMIF, finance students will gain valuable hands-on experience in security evaluation and portfolio management. In addition to improving analytical skills, the SMIF program should also develop writing, presentation, and leadership skills for the student managers. The Terry SMIF will be operated in association with a formal academic class, FINA 4150- Investment & Portfolio Management. FINA 4150 meets both in the fall and spring semesters, with students earning 1.5 credit hours per semester.
  2. Financial Management of UGA Foundation Assets: The Terry SMIF includes funds directed from the UGA Foundation’s long-term pool for management in addition to those gifted to the Fund from donors. The Terry SMIF will manage the gifts that have been directed to the fund with fiduciary care for long-term enhancement of the Terry College of Business. The financial goals of the Terry SMIF are to foster long-term growth of the fund into perpetuity and to generate periodic earnings that support Terry College programs.
  3. Financial Support to Terry College of Business programs: Earnings from the funds gifted to Terry SMIF may be utilized to support: (a) investment research and operational expenses of the Terry SMIF, (b) activities, travel, and other programs to enhance the education of students in the Banking and Finance Department of the Terry College, (c) other needs within the Terry College, as determined by the Board of Trustees of the Terry SMIF. This financial support falls under the rules and regulations of the UGA Foundation. Distribution of earnings will not be to the detriment of the goal of growing the fund.

Past students have had success acquiring summer internships and full-time job opportunities at firms that include:

  • Andreessen Horowitz
  • Bank of America
  • Barclays
  • Boston Consulting Group
  • Cerberus Capital Management
  • Citigroup
  • Credit Suisse
  • Deloitte
  • Deutsche Bank
  • Evercore
  • Goldman Sachs
  • Google Inc.
  • J.P. Morgan
  • Moelis & Company
  • Morgan Stanley
  • Oaktree Capital Management
  • Roark Capital
  • SunTrust Robinson Humphrey
  • Tiger Global
  • TPG Capital
  • Trian Partners
  • Wells Fargo
  • William Blair

Our fund operates through a value-based strategy. This means we look for key value measures, such as revenues, net income, and market value, along with market signals to find undervalued securities. In addition, our analysis takes into account behavioral underpinnings for investing which results in inaccurate market expectations and valuations.


When: Interviews are held during Spring semester each year

Who: Analysts positions are opened to both rising juniors and seniors who are Finance majors

Where: Check the the Terry List Serv or attend our info sessions for updates on the application link

Sector Energy Healthcare Industrials Technology Staples Media & Telecom REITS Discretionary
Sector Leader Craig Sturken Jillian Schmidt & Helen Woodland Will Brown Fernando Cruz Hank MacGinnitie Jackson Crispin Thomas Long Jake Frenkel
Analysts  Nico Marin Daniel Ting Russell Lind Peiren Chen Will Pospisil Daniel Enten Grant Luebkemann Anish Patel
Grant H. Dani Levenson  Will MacArthur  Aaditya Vaidya Katie Abernathy Joey Astolfi Robert Holtackers Rachel Eichelberger
Jacob Hanley  Kevin Troung  John Maier Matt Gates Heather Godwin Alex Sztejnberg Chase Stiffler Alex Platt
Bobby Mcquaid  Christopher Barbero  Jack Barnes Ryan Wu Morgan Sowell John Zay Matt Cory Alexander Sutton
    Jamison Ortruba Mustafa Faroon        

Disclaimer: These materials have been prepared by the University of Georgia Student Managed Investment Fund. This document is for informational and illustrative purposes only and should not be regarded in any way as investment advice. The content of this document reflects current opinions as of the published date and are subject to change without notice. You must not rely on the information presented as an alternative to professional investment advice. The University of Georgia, the Board of Regents of the University System of Georgia, University of Georgia Foundation, Terry College of Business, Student Managed Investment Fund and any related affiliates shall not have any liability for damages of any kind related to this material.

Decription CUSIP
Tech

APPLE INCORPORATED

AAPL 
MICROSOFT CORPORATION  MSFT
INTUIT INTU 
MEDTRONIC PLC SHS  MDT 
Energy
CAMECO CORPORATION  CCJ 
TESORO CORPORATION TSO
VALERO ENERGY CORPORATION NEW  VLO
SCHLUMBERGER LIMITED  SLB 
Healthcare
CVS HEALTH CORPORATION CVS 
EXPRESS SCRIPTS HLDG COMPANY ESRX 
GILEAD SCIENCES INCORPORATED  GILD 
HCA HEALTHCARE INCORPORATED  HCA 
Discretionary
MAGNA INTERNATIONAL INCORPORATED  MGA 
MICHAEL KORS HLDGS LIMITED SHS  KORS 
NIKE INCORPORATED CLASS B  NKE
STARBUCKS CORPORATION  SBUX 
M&T
TEGNA INCORPORATED  TGNA
WEST CORPORATION  WSTC
Staples
PILGRIMS PRIDE CORPORATION NEW  PPC 
UNILEVER PLC SPON ADR NEW UL
Industrials
BOEING COMPANY BA
BWX TECHNOLOGIES INCORPORATED  BWXT 
DUKE ENERGY CORPORATION NEW COM NEW  DUK 
TJX COMPANIES INCORPORATED NEW  TJX
REITS and Misc.
BERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEW  BRK.B 
AMERICAN INTERNATIONAL GROUP INCORPORATED COM NEW AIG 
PNC FINL SVCS GROUP INCORPORATED  PNC 
ROBERT HALF INTERNATIONAL INCORPORATED  RHI 
Decription CUSIP
AMERICAN INTERNATIONAL GROUP INCORPORATED COM NEW AIG 
ANDEAVOR ANDV 

APPLE INCORPORATED

AAPL 
BERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEW  BRK.B 
BOEING COMPANY BA
BWX TECHNOLOGIES INCORPORATED  BWXT 
CAMECO CORPORATION  CCJ 
CARS COM INCORPORATED  CARS 
CVS HEALTH CORPORATION CVS 
DUKE ENERGY CORPORATION NEW COM NEW  DUK 
EXPRESS SCRIPTS HLDG COMPANY ESRX 
GILEAD SCIENCES INCORPORATED  GILD 
HCA HEALTHCARE INCORPORATED  HCA 
INTUIT INTU 
MAGNA INTERNATIONAL INCORPORATED  MGA 
MEDTRONIC PLC SHS  MDT 
MICHAEL KORS HLDGS LIMITED SHS  KORS 
MICROSOFT CORPORATION  MSFT
NIKE INCORPORATED CLASS B  NKE
PILGRIMS PRIDE CORPORATION NEW  PPC 
PNC FINL SVCS GROUP INCORPORATED  PNC 
ROBERT HALF INTERNATIONAL INCORPORATED  RHI 
SCHLUMBERGER LIMITED  SLB 
SECTOR SPDR TR SBI INT-INDS  XLP 
SECTOR SPDR TR SBI HEALTHCARE  XLV 
SECTOR SPDR TR SBI INT-INDS XLI 
SECTOR SPDR TR SBI INT-TECH XLK 
SECTOR SPDR TR SBI MATERIALS XLB 
SECTOR SPDR TR REAL ESTATE SELECT SECTOR SPDR FD  XLRE 
SPDR S&P 500 ETF TRUST  SPY 
STARBUCKS CORPORATION  SBUX 
TEGNA INCORPORATED  TGNA
TJX COMPANIES INCORPORATED NEW  TJX
UNILEVER PLC SPON ADR NEW  UL
VALERO ENERGY CORPORATION NEW  VLO
WEST CORPORATION  WSTC
  • Mitch Reiner – Managing Partner and Investment Advisor at Capital Investment Advisors
  • Walt Green – Private Banker at JPMorgan - (Retired)
  • Darren DeVore – Managing Partner at Broad Pine Investments
  • Allison McLeod – Managing Director at SunTrust Robinson Humphrey
  • Grant Jaax – Managing Director at Aurora Private Wealth, Inc.
  • Eric Huff – Vice President - Marketable Manager Research at LCG Associates
  • Todd Bitzer – Senior Investment Director at Legal & General Investment Management America
  • Dave Malcher – Investment Banking Analyst at Citi
  • Glenn Austin – Senior Vice President Fannie Mae (retired)
  • Larry Cummings – Senior Vice President at RBC Capital Markets & Wealth
  • Scott Williams – Founder and Principal at S. Williams Capital, LLC
  • Paul Robertson ​– Partner at Edge Capital Partners LLC
  • Tyler Puszewski – Co-Founder at Foxtail Games
  • Anuja Singha – Portfolio Manager at Herndon Capital Management LLC