This past week we held the USC Student Investment Fund (SIF) annual meeting. The annual meeting is an event that draws approximately 60 SIF alumni, during which each of the five student-run mutual funds presents its annual performance to the crowd. Based on last year’s interrogation of the students by the audience, which featured some tough questions about Netflix (among others), my classmates and I (pictured left) were a bit nervous leading up to the event. However, we did a great job – we effectively presented our performance, investment rationale and fiduciary duty.
Over the last twelve months I, along with my classmates Kai Wang and Abhinav Anand, managed the California Small Cap Fund (CSF), an approximately $1mm mutual fund which invests primarily in California-based small cap companies. Kai, Abhinav and I put a lot of work into managing the fund and the SIF coursework; however, it was work that paid off. We learned (more…)