NYU Stern Evaluation Newsletter

8/13/2019 NYU Stern Evaluation Newsletter

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OVERALL FUND PERFORMANCE:

Mission

The Michael Price Student Investment Fund (MPSIF) was established to provide students of theLeonard N. Stern School of Business at New York University with practical investmentmanagement experience. The investment returns generated by the Fund are used to providescholarships to selected students from the Michael F. Price College of Business at the University of

Oklahoma for study at the Stern School, and to support other educational activities at the SternSchool of Business.

Fund Objective

The objective of the MPSIF family of funds (Growth, Small Cap, Value, and Fixed Income) is tomaximize total return consistent with the risk appropriate for an endowment fund. The goal is realcapital preservation while striving for real growth. The current benchmark aggregate for MPSIF is aportfolio composed of 25% Vanguard Total Bond Index, 25% Russell 1000 Growth Index, 25%Russell 1000 Value Index, and 25% Russell 2000 Index.

THE MICHAEL PRICE STUDENT INVESTMENT FUND Data as of August 31, 2013

The Michael Price Student Investment Fund vs. Blended Benchmark

Since Incept ion (March 1, 2000 - August 31, 2013)

Student Responsibilities in MPSIF

Students participate in MPSIF through a two-semester capstone course, Managing Investment Funds, that requires students to draw on their

knowledge of finance as well as macroeconomics, accounting, competitive analysis, strategy, marketing and other fields. In addition tosharpening their analytical skills, by organizing all activities related to institutional asset management MPSIF students gain experience in

financial writing and oral presentations, portfolio allocation and risk management decisions, while experiencing the governance and fiduciaryresponsibilities of a university endowment fund.

Stern MBAs who manage the MPSIF family of funds gain invaluable experience in investment management, whichprovides a competitive advantage when interviewing for summer internships or full-time employment after graduation.

MPSIF Performance Relative to Benchmark

As of August 31, 2013, MPSIF had $1.83 million in assets under management. This amount excludes roughly $1.18 million in mandated annualdistributions by MPSIF to the Price College of Business. Since making its first investments in March 2000, MPSIF has earned a cumulative return of87.7% net of brokerage fees and commissions.

Further information about MPSIF

including Annual and Semi-Annual reports is available at http://pages.stern.nyu.edu/~mpsif/

Michael Price Fund v s. Blended Benchmark

87.7%

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MPSIF Total Fund Blended Benchmark


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Source: The New Yorker (Robert Mankoff)


14/25

Third Annual Stern Hedge Fund Association Conference

Save the Date Friday, March 28th, 2014

The conference will offer a full day of speakers and panelists,followed by a networking cocktail reception

Past keynote addresses have included Marc Lasry of AvenueCapital Group, Daniel Posner of Golub Capital, and Paul Zummo

of JP Morgan Alternative Asset Management

NYU Stern School of Business

Kaufman Management Center

44 West 4th Street New York, NY 10014

For more information about the event, please contact us [email protected]


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NYU Stern Evaluation Newsletter