A dual portfolio approach to a student managed fund
| Autor: | Mark K. Pyles, Daniel Huerta |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Finance
050208 finance Academic year business.industry 05 social sciences Investment (macroeconomics) Investment management Private equity fund Private equity 0502 economics and business Business Management and Accounting (miscellaneous) Portfolio Business Asset (economics) 050207 economics Project portfolio management |
| Zdroj: | Managerial Finance. 46:675-684 |
| ISSN: | 0307-4358 |
| Popis: | Purpose The purpose of this paper is to describe an investment program that offers students with the opportunity to simultaneously manage a private asset fund and a public asset fund. The program has been in operation since 2013 and has made significant progress in student placement and connectivity with local, regional and national financial firms. Design/methodology/approach The authors describe the structure, methods used and challenges encountered in this dual portfolio environment and add relevant thoughts for discussion. The authors discuss potential conflicts of interests that may arise in managing a private equity portfolio, the concern of proper deal flow, the issue of the investment timeline when investing in private equity and the problems encountered when measuring private equity performance. Findings While public asset funds have been around for decades and are relatively well accepted throughout all levels and types of higher education institutions. The uses of private equity funds, though not unheard of, are much less prevalent. Allowing the same group of students to manage both type of portfolios is relatively unique and provides with a more comprehensive learning experience. Originality/value A primary distinguishing attribute of this program is that accepted students are given the opportunity to simultaneously manage both public and private equity assets throughout an academic year. The goal is to create a comprehensive portfolio management program that replicates a changing investment management environment where private equity is an increasingly significant asset class. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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