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Student Managed Investment Fund (SMIF)

Student Organization About SMIF

SMIF is a student-founded and student-run investment research and management organization.

The Student Managed Investment Fund has been supported by Barry University’s Board of Trustees who have allocated monies from the University’s endowment as the corpus of the funds for SMIF to invest. SMIF is governed by an Advisory Board comprised of highly successful executive-level practitioners in the field of investments.

Consistent with Barry's mission, SMIF has two primary mandates:

  1. Provide experiential education. Experiential education occurs as students use and apply the classroom theories and concepts of security research, valuation, and portfolio theory to the design, construction, and management of portfolios of securities.
  2. Service-Learning. SMIF's second mandate is to contribute to the health and well-being of the community by teaching financial literacy programs through collaborative and mutually productive partnerships.
    Experiential Learning

    Unique, Firsthand Experiences

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    Manage a $1,000,000 Portfolio

    Network

    Collaborate with Investment Professionals

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    Impact the Community

  • Experiential Learning

    Unique, Firsthand Experiences

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    Manage a $1,000,000 Portfolio

  • Network

    Collaborate with Investment Professionals

  • Inclusive2

    Impact the Community

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About SMIF Service Learning

Service-learning takes place under Barry University's core commitments in the spirit of collaboration, partnership, and community well-being that have been the hallmarks of the financial literacy program since its inception.

SMIF students teach a year-long financial literacy course and partnership with Big Brother Big Sisters of Miami. The meetings are focused on enriching the financial literacy experience for both BBBS and Barry University SMIF students by enhancements to course content, course materials, course delivery, course assessments, and student interactions between BBBS and Barry SMIF students.

 

In early December 2020, Barry University began the partnership with Big Brother Big Sister of Miami. SMIF students explored a new initiative by developing a curriculum to teach an hour-long course in financial literacy to high-school students in Miami-Dade County. This initiative will begin in late September and will provide students with an opportunity to collaborate with SMIF students and grow their knowledge in financial literacy. The SMIF students will have the opportunity to teach a classroom of around sixty to a hundred high school students and will develop an everlasting relationship with the upcoming generation, aiming to become the world's next best financial professionals.

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About SMIF Resources

SMIF is located in Andreas Hall Room 122.

We utilize numerous financial resources including:

    Barry

    Bloomberg Terminal

    Barry

    FactSet Software

    Barry

    Proprietary Software

    Barry

    Library of Industry Professional Resources

  • Barry

    Bloomberg Terminal

  • Barry

    FactSet Software

  • Barry

    Proprietary Software

  • Barry

    Library of Industry Professional Resources

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SMIF Application Process

If you are a Barry University student and are interested in joining the Student Managed Investment Fund (SMIF) please complete the application form below and email it to barry.smif@gmail.com.

General membership is open to all Barry students that have completed ACC-201 and ECO-201. Having all members complete these two classes will ensure that students have at least basic knowledge in economic theory and financial statement structure.

If you have any questions or concerns please contact Dr. Stephen Morrell at smorrell@barry.edu or current Fund Managers at barry.smif@gmail.com.

The application process is very competitive as we seek to select the most qualified and committed applicants from a large pool of candidates.

Application for Student Managed Investment Fund

Membership Positions:

  • Barry

    Chief Operating Officer

    The Chief Operating Officer is responsible for all non-investment and non-service learning activities of SMIF. These include IT, marketing, Advisory Board and public relations, and communications.

  • Barry

    Director of Service Learning

    The Director of Service Learning is in charge of SMIF's community financial literacy program. This vital program strives to improve community health and well-being by enhancing community financial literacy.

  • Barry

    Leadership Team

    The SMIF leadership team is comprised of the Co-Managing Directors, Chief Investment Officer, Chief Operating Officer, Director of Service Learning, and Senior Analyst.

  • Barry

    Associates

    Associates will serve as senior members of Research and Asset Class teams, they will lead teams that perform research, analysis, and evaluations of current and prospective investments.

  • Barry

    Chief Investment Officer (CIO)

    The CIO provides oversight of portfolio investment strategy, analysis, and measurement of portfolio performance. Also, the CIO chairs the investment committee, which is responsible for the guidance of SMIF's security and portfolio research,

  • Barry

    Apprentices

    First-Year and Sophomore students are eligible to apply for apprentice positions in SMIF. They will be mentored, nurtured, and developed by senior SMIF members. Responsibilities will include monitoring SMIF holdings within their respective teams.

  • Barry

    Managing Directors

    SMIF operates with two co-managing directors. Their primary responsibilities are to provide leadership, establish and implement priorities, collaborate with other members of the leadership team, and provide direction and guidance to associates and apprentices. Co-managing directors emerge from the ranks of SMIF students and are chosen based on their commitment to SMIF's experiential and service-learning mandates.

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SMIF Investment Policy

The fundamental premise on which the SMIF investment philosophy is based is that prices for asset classes and individual securities may deviate over short horizons from their fundamental values due to a variety of factors. We believe opportunities exist to find improperly valued asset classes and securities due to this phenomenon.

The SMIF employs internal research, including quantitative models and techniques, as well as qualitative judgments and external research designed to identify these asset classes and securities that are undervalued, yet continue to exhibit strong long-term fundamentals. With a disciplined implementation of our valuation model and market analyses, the SMIF strategy seeks to reap rewards beyond those of passive benchmarks without incurring more risk. 

The fundamental purposes of the SMIF are to provide clear expectations regarding investment strategies; to generate a return in order to support the operating expenses and capital expenditures by both the SMIF and Barry University; to contribute to community well-being by providing financial literacy programs; and to add to the overall growth of the Barry University Endowment Fund. SMIF will conduct its business at the highest, ethical, and professional standards, including Dominican criteria per socially responsible investing and Ethical, Social and Governance Criteria (ESG) standards.

SMIF Advisory Board

The SMIF is governed by an Advisory Board comprised of highly successful executive level practitioners in the field of investments. Advisory Board members include Barry University Board of Trustees members, Barry University Alumni and distinguished members of the business community, as well as Barry University administrators and faculty. 

The responsibilities of the advisory board include the oversight of all SMIF strategic operations, including investment policies, investment strategies, and investment performance.

Advisory Board Members

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