Saint Michael's College
Student Investment Fund
Mission
- SMCSIF's goal is to provide students with a wealth of learning opportunities. Students will have the ability to cultivate a deep understanding of financial markets, get hands-on experience with portfolio management, exposure to equity research, and insights into careers within the financial sector
- The Fund creates and ensures sustained growth of the school’s financial assets, which benefits generations of students to come. This fund encourages donations from alumni, increasing the school's financial assets and the student’s opportunity to learn.
Investment Philosophy
- Will be investing in similar themes as the endowment, but for the sake of learning opportunity, the portfolio will include individual equities.
- Long-only value-based bottom-up investment strategy.
- "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." - Warren Buffet.
Investment Objectives
- To increase asset value, adjusted for inflation and costs, over a market cycle (typically 3-5 years) with controlled risk. Targeting an annual return of 4% above inflation (CPI).
- Long-term growth and capital preservation.
- Manegable risk profile.
- Bi-annually rebalancing of portfolio based on sector allocation.
- Allocate investments across various sectors to mitigate the risk of one asset class adversely impacting the overall portfolio.