Celani Endowment Fund

This year we are introducing the Celani Endowment Fund, a $2.4 million plus student-managed fund. We have appointed 15 students to manage the fund. Students have organized themselves to follow different industry sectors and they have also been appointed to manage portfolio risk. Through this experiential learning opportunity, students will trade shares and learn concepts of valuation, value at risk and portfolio management tools. The students are also expected to make presentations to the Advisory Committee including the Dean of the College of Business Administration and Alumni. The fund has proven very successful. The students have “cleaned up” the fund and reduced the number of stocks to a more manageable level. A student or a team of students make a stock pitch every week to either acquire or divest of a position. The debates are quite intense with numerous questions being asked and debated. The files being presented by the students are of high quality and so are the debates. Students also calculate risk adjusted returns in order to ensure that the risk undertaken is commensurate with the rewards.