We were thrilled to obtain $300,000 in funding in Q3 2015 from the endowment. Our Club's student investment fund has since seen an increase in AUM, climbing to over $475,000 in Q3 2017. We seek to continue to grow the fund through both performance and generous alumni contributions.
The fund intends to match the allocation of the Russell 2000 ex-Financials within 500 basis points. The fund targets a diversified portfolio of fifteen to thirty individual equities across these sectors with no maximum number of holdings. The small cap focus seeks to offer students the chance to uncover opportunities that are potentially being missed by the larger investment community.
Our club serves as an educational tool for students interested in Finance. We have positions ranging from Junior Analysts to Sector Heads to Investment Associates, and all the way up to the executive board. Sign ups typically occur at the start and end of each semester, with more senior positions requiring more experience in the organization.