About The Senbet Fund

Goal

The Senbet Fund's goal is to achieve capital appreciation by capturing the superior returns that equity investments have historically provided. The Fund's long-term performance goal is to outpace the appreciation of the S&P 500 on a risk-adjusted basis. Although the primary goal of the fund is to achieve capital appreciation, just as important, is that each member learns the processes by which investment decisions are made in a professional asset management setting.

Strategy

The fund primarily invests in common stocks of carefully chosen companies according to the constraints described in the Investment Philosophy. With a very long time horizon, the fund uses a buy and hold approach. It invests in sound businesses whose share prices do not fully reflect their firm's value. The fund does not attempt to time the market, nor does it engage in short term or speculative strategies.

Management

The Senbet Fund is run by a select group of senior finance majors who are chosen by their predecessors during the final weeks of the candidates' junior year. These students comprise a management team of two portfolio managers and ten equity analysts.

Size

As of October 2005, the fund has $50,000 in assets. Each year the Senbet Fund pays a dividend to the Dean's office. The dividend is used to support a variety of school programs.