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History of the Fund
In the spring of 1999, several community leaders were invited to a
presentation at the College of Business at CSU demonstrating our new
Bloomberg system and a sample of the stock projects that students in the
Investment Analysis class had completed. As a bi-product of this
presentation, University and community business leaders set out to make
hands-on learning a reality and Summit Fund was born. The Summit Student
Investment Fund was created in the Fall of 1999 with an initial donation
of $50,000. Since then, total student managed assets have increased to
more than double the initial investment including a private trust. Since
inception the fund has relied heavily upon academic research, workshops
with finance professionals, and practical publications to build an
effective strategy for buying and selling stocks. As a result, the fund
has been able to outperform the stock market and expand the fund with
each year of new management.
Who invests
The Summit Student Investment Fund begins to recruit at the end of each
semester. We look to fill the positions of the analysts that will be
graduating at the end of current semester term. The analyst positions
are available to students pursuing a degree in finance with an interest
in equity securities. An information session will be held towards the
last quarter of the semester. During the session interested students
will receive an overview of the fund's history, requirements to become
an analyst, and overall expectations/job description. Interested
students will receive If you have any questions before the information
session, please email Glory Burns or contact one of the analysts.
How we invest
The fund follows a long-term strategy of 3-5 year holding periods. To
sell prior to the expected turnover interval, the following matters
should be considered: |
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Technical analysis may be used, but should be
utilized in analyzing fundamental changes and research
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The price of all companies will be compared to
the highest price within the prior six months.
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Stocks cannot be sold until at least ninety (90)
days after the purchase date, excluding extraordinary circumstances,
to ensure adherence to the long-term focus.
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The fund will automatically consider a sell
recommendation if a stock depreciates by 5-10% each month, for a
period of three months, from their recent highest price. The price
decline will be compared however, to the market and related industry
volatility, to avoid selling due to market-wide downturns.
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If a stock does not fit into the above
criterion, yet is recommended to be sold, analyst discretion will be
considered
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