Annual Report

Click here to view the 2023-2024 Student Investment Fund Annual Report.

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LETTER FROM 2023-2024 MANAGEMENT TEAMS

LETTER FROM 2024 SPRING SIF MANAGEMENT TEAM
The TCNJ Herbert B. Mayo Student Investment Fund (SIF) is an actively managed equity fund by highly motivated students within the School of Business. The fund members are gaining a proper understanding and hands-on experience in portfolio management in this course. They are also given the opportunity to use the skills that they have gained during their time at TCNJ and apply them to a work-like setting. Some financial knowledge these students gain includes investment analysis, market research, valuation techniques, macroeconomic trends, risk management, presentation skills, public speaking, teamwork, and collaboration. The opportunities in SIF are endless, and students can use these skills in the fund and transfer them into their full-time positions post-graduation. As the spring semester ends, the fund has $770,000+ in assets under management comprising 49+ tickers. One of the fund’s primary objectives is growing the portfolio as well as outperforming the S&P 500 benchmark. Additionally, the fund prides itself in using the returns generated during the year as a one-time scholarship offering to incoming TCNJ first-year students from the Ewing Community.

This Spring the fund was tasked with navigating a difficult macroeconomic and investing environment. Some of the challenges that the fund faced included a higher-for-longer interest rate environment, elevated inflation rates, waning consumer confidence, and geopolitical risks. Fund members made sure to take these factors into consideration when making decisions for the portfolio. This is evident when looking at the risk-averse nature of the transactions this semester. This semester mainly consisted of sell pitches, but there were also a couple of buy pitches of tickers that are considered “safer.” Despite this challenging investing environment the portfolio outperformed the S&P 500 by 323 basis points.

We greatly appreciate Dr. Mayo and Dr. Choi for giving us the opportunity to partake in one of the best experiences within TCNJ’s School of Business. Thank you for facilitating our meetings and for providing us with the skills and insight that will allow us to be successful. With the skills developed and knowledge gained throughout our time in the fund, we are confident that we will be able to make significant impacts in our careers.