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8/13/2019 NYU Stern Evaluation Newsletter
1/25
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Source: The New Yorker (Lee Lorenz)
8/13/2019 NYU Stern Evaluation Newsletter
2/25
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Author: David Brown
8/13/2019 NYU Stern Evaluation Newsletter
6/25
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7/25
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8/13/2019 NYU Stern Evaluation Newsletter
8/25
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%
91.8%
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20%
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100%
Feb-00
Feb-01
Feb-02
Feb-03
Feb-04
Feb-05
Feb-06
Feb-07
Feb-08
Feb-09
Feb-10
Feb-11
Feb-12
Feb-13
MPSIF Total Fund Blended Benchmark
8/13/2019 NYU Stern Evaluation Newsletter
9/25
2013 AA 9
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10/25
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11/25
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12/25
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13/25
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Source: The New Yorker (Robert Mankoff)
8/13/2019 NYU Stern Evaluation Newsletter
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 atshfa@stern.nyu.edu
8/13/2019 NYU Stern Evaluation Newsletter
15/25
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16/25
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8/13/2019 NYU Stern Evaluation Newsletter
17/25
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18/25
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19/25
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8/13/2019 NYU Stern Evaluation Newsletter
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Author: Doug Pike
Doug Pike is a member of the National Cartoonists Society and the
author of Gone with the Wine
8/13/2019 NYU Stern Evaluation Newsletter
21/25
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8/13/2019 NYU Stern Evaluation Newsletter
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8/13/2019 NYU Stern Evaluation Newsletter
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8/13/2019 NYU Stern Evaluation Newsletter
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