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Student-Managed Investment Fund
Assistant Professor of Finance
Ranadeb Chaudhuri, PhD
Student-Managed Investment Fund
Students in the Oakland University School of Business Administration have the chance to manage a $2 million student-managed investment fund (SMIF), fueled by The Kresge Foundation. The fund complements Oakland's Managing Investment Funds course which teaches students the essentials of portfolio management, stock selection and portfolio evaluation.
One of the largest of its kind in Michigan, the fund has been carved out of the foundation’s $3.5 billion investment portfolio and is intended to provide real-world investment experience to OU undergraduates while exposing them to local career opportunities in investment management.
Student Investment Managers will learn security analysis techniques and investment approaches used by professional investors from OU Finance Professor Ranadeb Chaudhuri, Ph.D. Using the the Bloomberg Professional financial platform, Oakland business students will study individual equities, stock market indices, fixed-income securities, currencies, commodities, futures, and foreign exchange rates.
Students will apply their coursework by researching and analyzing publicly-traded securities listed in the S&P 500 Index, and will formally present their investment recommendations to a class advisory board. The board, made up of investment professionals from Kresge and other Detroit-area companies, will serve as a sounding board to review, challenge and fine tune the students’ recommended portfolio.
Oakland’s Managing Investment Funds course is held in the business school’s Data Analysis Lab, which is equipped with professional-level financial tools including 10 dual-screen Bloomberg financial terminals and a stock market ticker. Seats in the course are limited. Enrollment in the course must be approved. Students who have completed FIN 322 are eligible to apply.
Meet Professor Ranadeb Chaudhuri, PhD.
Through his teaching and research, Oakland University finance professor Ranadeb Chaudhuri, PhD, has made an indelible impact on his students, colleagues and the complex world of finance.
Since joining the faculty of School of Business Administration in 2009, Dr. Chaudhuri has quickly carved out a long list of specialties, including investments, asset pricing, corporate finance, financial markets and investments.
He has presented papers at major conferences, including the 2013 Finance Down Under: Building on the Best from the Cellars of Finance conference at the University of Melbourne in Australia. The conference accepts just 20 papers from a field of 300 applicants each year. Dr. Chaudhuri presented “What a Difference a Ph.D. Makes: More than Three Little Letters,” a study he completed with colleagues Zoran Ivković from Michigan State University, Joshua Pollet from the University of Illinois, and Charles Trzcinka, from Indiana University. The paper examines the way academic qualifications of money managers affect the money management industry. The paper also received the 2013 Talk of the Town Paper award at the conference, an honor given to the conference’s most “buzz-worthy” paper.
Dr. Chaudhuri holds undergraduate and master’s degree in mathematics from the Indian Institute of Technology in Kharagpur, India, and a master’s degree in computational finance from Purdue University. He earned a Ph.D. in finance from Michigan State University
Experts from top-level finance and investment companies will serve as a sounding board to review, challenge and fine tune the class’ portfolio recommendations. Advisory board members will also supplement the class curriculum by serving as guest lecturers and sharing their personal experiences in the asset management profession.
- Brian Edgar, senior vice president, investments, UBS Financial Services
- Nick Krasnokut, investment officer, The Kresge Foundation
- John Lesser, president, Plante Moran Financial Advisors
- Chris Liparoto, senior VP, wealth management, Merrill Lynch Wealth Management
- Jason Raznick, CEO, Benzinga
- Phil Serra, first VP, investments, Merrill Lynch Wealth Management
Kresge Vice President and Chief Investment Officer Rob Manilla said Kresge created the student-management investment fund to bolster a talent pipeline of candidates to fill local investment jobs. “The curriculum and hands-on experience offered in this class will better prepare OU graduates for the job market. And by exposing students to a broader range of investment roles, we are optimistic that we will be able to retain our locally-trained talent – who typically head to New York City for their first professional experience – to explore and fill the many rewarding job opportunities that exist within metro Detroit’s public, private and philanthropic sectors.” Manilla holds a bachelor’s degree in finance from OU and is a member of its Board of Visitors.
“Our Investment Office’s creativity to attract students to local careers in asset management, and OU’s ingenuity to craft a curriculum that prepares students for real-life opportunities is a great example of how philanthropic capital can support communities,” said Kresge Foundation President & CEO Rip Rapson.
The Kresge Foundation is a $3.5 billion private, national foundation based in Detroit that works to expand opportunities in cities across the country through grantmaking and investing in arts and culture, education, environment, health, human services and community development. In 2014, the Kresge's Board of Trustees approved 408 awards totaling $242.5 million.
Student managed investment fund experience leads to professional position, Oakland Press, August, 22, 2016
Business students learn investment management in the Big Apple, The News at OU, April 6, 2016
Crain’s Detroit Business, New OU course gives students portfolio management experience with $2 million Kresge fund (pdf), Kirk Pinho
DBusiness, Kresge Provides $2M Student-managed Investment Fund at Oakland University, Adrienne Roberts
Oakland Press, Oakland University announces $2 million student-managed investment fund, Paul Kampe
Lake Orion TV clip of OU Finance Student Brad Garriguas.
Oakland Post, Students entrusted with $2 million investment fund
WXOU, Kresge Foundation invests $2 million for a student-managed investment course (article with audio clip interviews with OU Business School Dean Michael A. Mazzeo and Finance Professor Ranadeb Chaudhuri)