Created by Dr. Larry Lynch and currently headed by Dr. Tim Carpenter, the Student-Managed Fund (BUAD 322) has been a course offering every semester since 2004. Unlike traditional portfolio simulators, which may encourage unrealistic and brash investment strategies, the Student-Managed Fund challenges Roanoke students to use their skills, innovation, and teamwork to responsibly grow a real investment portfolio.
When the class meets in West Hall, a fast-paced review of stocks ensues as students report on the companies placed on the fund's "Watch List". While Dr. Carpenter serves as a resource and guide, students are responsible for discussing changes they want to make in the fund's strategy and a student manager runs the class.
To date, the students' fund has consistently beaten its benchmark (a combination of the S&P 500 and the Barclay's Aggregate Bond Index). In fact, the initial $500,000 investment has more than doubled and is now worth more than $1,100,000, giving the fund a net increase of over $600,000 under the leadership of Dr. Larry Lynch, Dr. Mike Smith, Dr. Tim Carpenter, and countless student portfolio managers!
The Student-Managed Fund is a prime example of experiential learning with real money, real decisions, real results, and real consequences. This is just another example to illustrate how the Roanoke College Business Department is working to raise the bar and remain distinguishable from our peers.
For more information, please contact Dr. Tim Carpenter at firstname.lastname@example.org.