Thanks to a generous donation from ANU alumnus Russell Clark, finance students at ANU now have the chance to gain real-world experience in managing an investment fund.
Russell completed his Bachelor of Economics and Bachelor of Asian Studies in 2000 and is now the Portfolio Manager at Horseman Capital Management in London.
Russell said he was proud to be involved in the establishment of the fund and hoped it would help finance students discover a passion for fund management and gain exposure to the industry.
"I'm now working in fund management, but it's not something that I thought I would do when I first joined ANU. Through my time at ANU and my travels it became something that I wanted to do."
Russell's donation was matched by the Research School of Finance, Actuarial Studies and Statistics (RSFAS) which also administers the fund.
Students in the course will assume responsibility and day-to-day management of a fund of more than $590,000 under the guidance of course conveners.
Finance student Olaide Yinka-Kehinde completed his initial semester with the fund and will take on the role of Chief Investment Officer in the first semester of 2018. He said the fund was a unique opportunity for students to gain invaluable real-world experience in finance.
"The ANU Student Managed Fund has been an excellent practical opportunity. Working with students who are passionate and excited and willing to push the boundaries of their own learning makes the course very rewarding."
Vice-Chancellor Professor Brian Schmidt says the fund will teach students about philanthropy and what it means to give back to society.
"Students participating in the fund will not only come out with better understanding of how real-life investment works through managing a slice of the ANU endowment funds; they will also be well-equipped for the challenges of our modern workforce."
Additional donations have been made by course convenor Dr Geoff Warren and by the family of the Student Managed Fund's Investment Advisory Committee member and ANU alumnus Andre Morony.