A tale of two SMIPs : equity and fixed income

Purpose: The purpose of this paper is to document and compare the characteristics of two student-managed investment funds at the University. Design/methodology/approach: This study uses a case study approach to achieve this purpose. Findings: Consistent with other studies, this study finds considerable differences in funding, oversight and the structure of the courses in which the students manage the portfolios. This is the case even though the portfolios are managed by students in courses offered by the same department at the same university. Originality/value: This study presents different possible ways of obtaining funds and structuring courses in which the students manage investment portfolios.