This column was written by Stockpickr member Ira Krakow.
Investment Club Watch
the Michael Price Student Investment Fund (MPSIF), a
family of funds
directly by MBA students at the New York University Stern School of Business. We caught up with the student fund managers in the middle of the current
stream of corporate data known as
season to find out how these money-runners-in-training invest amid all the breaking news and earnings reports.
There are four funds in the MPSIF family:
. Here is a breakdown of the investment methodologies that each fund's manager uses and the recent stock picks they have made based on these methodologies.
Sticking to the Thesis
The growth fund
. According to growth fund manager Ryan Fiftal he has a disciplined investment philosophy. Fiftal doesn't react impulsively to every late-breaking story, such as trading either before or after earnings announcements.
Fiftal explains, "In the growth fund, we try to have an investment time horizon of at least two years. Given that MPSIF
are effectively part-time (simultaneously taking a full load of MBA classes), we are at a competitive disadvantage against full-time managers and traders. We simply cannot predict or react to news, including earnings announcements, as well as our competitors [professional fund managers].
"Therefore, we look closely at company
and try to determine who is going to outperform over the medium to long-term. Quarterly earnings are certainly important, providing a gauge of how each investment thesis is playing out. However, we rarely buy or sell based on a single quarter's earnings."