Course Description
The Mayer Fund is a $4.0+ million student managed investment fund, run by a select group of second-year MBA students. The team is comprised of two portfolio managers and eight to ten equity analysts. Students participating on the Mayer Fund earn 3-credits in each the fall and spring semesters of their second year.
The objective of this course is to provide second-year MBA students with real-world investment and portfolio management experience by making real investment decisions with real money. The Mayer Fund's goal is to achieve capital appreciation with the long-term performance goal of outpacing the appreciation of the S&P 500 on a risk-adjusted basis. The course not only serves as an opportunity to put classroom material to practice, but also as an enhanced forum for learning as each member learns the processes by which investment decisions are made in a professional asset management setting. As part of this course, students discuss in-depth financial topics such as:
- Portfolio Management Theory and Practice;
- Security Screening and Selection;
- Economic and Industry Analysis;
- Corporate Qualitative and Financial Analysis;
- Valuation Analysis; and
- Trading Strategies.
Additionally, students learn from reviewing the results of the decisions they make, determining which strategies to replicate and which strategies to avoid in the future.
Enrollment in the Mayer Fund is not guaranteed and is done via application to the course.