The Fund is administrated by the ANU Research School of Finance, Actuarial Studies and Statistics, and enables students to assume responsibility for the management of a fund of more than $590,000 under the guidance of course convenors Dr Geoff Warren and Dr Anna Von Reibnitz.
Students participating in the course undertake day-to-day management of the fund, and are required to research investment options and make recommendations. These are then reviewed and endorsed by an Investment Advisory Committee of ANU staff and finance industry practitioners, before the recommendations are implemented.
Vice Chancellor Professor Brian Schmidt says the Student Managed 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, but they will also be well-equipped for the challenges of our modern workforce," he said.
The fund was established with a generous donation from Russell Clark, an ANU alumnus who completed his Bachelor of Economics and Bachelor of Asian Studies in 2000 and is now the Portfolio Manager at Horseman Capital Management in the UK. His donation was matched by the Research School of Finance, Actuarial Studies and Statistics, on behalf of the University.
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 alumnus Andre Morony (MEc 1974). The School hopes to grow the Fund to further develop the opportunity for students.