Student Managed Investment Fund (SMIF)
The mission of the SMIF is to complement student in-class knowledge with real-life learning in equity research, analysis, selection and management through hands-on experience with a real-money portfolio. The investment objective is to generate a reasonable long-term return on the Fund's assets at suitable investment risks. A reasonable return is a long-term rate of return equal to or greater than the return on an appropriate benchmark index on a risk-adjusted basis and after trading costs. The overall fund beta shall be maintained at no more than 1.5, and no single investment will have a beta above 2.0.
Guided by faculty, student cohorts grew the fund to over
$930,000
in five years (December 2025)
Benefits
Watch this short video to learn how this unique learning opportunity can benefit you.
SMIF Consortium South Conference 2026
April 10-11, 2026 in Miami, Florida
The Student Managed Investment Fund Consortium (SMIFC) South Conference brought together student-managed investment funds from various universities to exchange ideas, engage with industry professionals and participate in competitive evaluation events. As part of the conference, participants completed a financial analysis project on Oracle Corporation and presented their fund through the poster session competition.
Ted Rogers School of Management students Daniel Panatte and Yazan Abusaleh, led by faculty advisor Daniel Tut, took part in the competition. The team’s Oracle analysis demonstrated a strong application of valuation and research frameworks, and received one of the highest individual scores awarded by a judge. Similarly, their poster presentation achieved one of the top evaluation scores in the competition, reflecting strong execution in both visual design and communication of the fund’s strategy.
Overall, the conference provided a valuable learning experience, while also reinforcing the competitiveness of Ted Rogers School’s SMIF relative to peer institutions.
Statement of Investment Policies and Procedures (SIPP)
The Fund will invest in a broadly diversified portfolio of mid-to-large capitalization stocks that provide capital gains or income. More details on the nature and practices of the Fund are available in the Statement of Investment Policies and Procedures (SIPP).