The Terry SMIF provides a valuable avenue to deliver high-quality education to students in the Finance Department of the University of Georgia’s Terry College of Business. By managing the investments of the Terry SMIF, finance students gain valuable hands-on experience in security evaluation and portfolio management. In addition to improving analytical skills, the SMIF program also develops writing, presentation, and leadership skills for the student managers. The Terry SMIF is operated in association with a formal academic class, FINA 4150-Investment & Portfolio Management. FINA 4150 meets in the fall and spring semesters, with students earning 1.5 credit hours per semester.
The Terry SMIF includes funds directed from the UGA Foundation’s long-term pool for management in addition to those gifted from donors. The Terry SMIF manages the gifts 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 into perpetuity and generate periodic earnings that support Terry College 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 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.
Provide undergraduate students with a unique learning experience through portfolio management, security evaluation, and a support network.
The Student Managed Investment Fund (SMIF) is a 3 credit hour (1.5 credits per semester) course where students have the opportunity to manage a long-only value fund investing in U.S. equities. Students are responsible for managing more than $1.6M 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 and attracts top students from the Terry College of Business.
Students accepted into the fund are divided into eight industry sector teams that align with their preferences. These teams are expected to research and follow securities in their industry sectors and periodically present potential investment opportunities to the class.