The Funds


The original mandate for MPSIF called for a family of three equity investment funds (the "sub-funds") each pursuing their own separate investment theme. In conjunction with the Advisory Board, the inaugural student class selected the following three sub-funds: 

Growth Fund | ESG Fund | Value Fund

Each sub-fund received an initial allocation of $600,000 from the donor's gift. The remaining $200,000 from the two million dollar gift is separately managed by Stern, from which funds may be used to pay for administrative expenses associated with the operation of MPSIF. 

In May 2002, in order to improve its operating efficiency, MPSIF established a separate Fixed Income Advisory Group to manage a Fixed Income Fund. The Fixed Income Fund is staffed by students who also are members of a MPSIF equity funds.


Investment Guidelines

 

Fund Holdings

 

Executive Committee

 
 
 
 

The objective of MPSIF is to maximize total return consistent with the risk appropriate for an endowment fund. The goal is to maintain real capital preservation and have some real growth. 

Each sub-fund operates under certain investment guidelines. For example, each fund may purchase U.S. securities including: stocks, bonds, money market instruments, mutual fund shares as well as foreign stocks and ADRs that do not incur special tax gains or losses. The funds may not acquire: commodities, derivative securities except under restricted circumstances, real estate, non-investment grade debt or penny stock securities, securities or other instruments that are not readily marketable (such as partnership interests). The funds may not borrow or lend funds or securities, or use any investments as collateral. Buying on margin is prohibited. 

In December 2004, the MPSIF Executive Committee established operating guidelines for maintaining a balance among the various MPSIF funds. The guidelines are: 

  • Rebalancing is triggered when any portfolio deviates by more than 10 percentage points from the initial policy portfolio allocation (i.e. <15% share or > 35% share).

  • The deviation must be sustained for at least 3 months as measured on June 30, July 31 and August 31 of any fiscal year.

  • The rebalancing date should be September 1 to minimize reporting problems in the Annual Report (FY ending August 31).

  • More than one sub-fund may own the same security, but no more than 3% of the total assets in MPSIF may be invested in any single company.


Fund Holdings

From time to time, we prepare a list of holdings for each equity fund.


For Spring 2019, the MPSIF Executive Committee includes
        
William Pitt President
Austin Ma           PM - Growth
Tapan Sabnis PM - Growth
Ce Wang PM - Value
Joseph Diaz PM - Value
Parth Shah PM - FI
Robert Herzka PM - ESG
Janet Hong PM - ESG
         
Faculty Advisor
Professor Anthony Marciano

 

Fixed Income

 

Growth Fund

 
 
 
 
 
 
 

Value Fund

 

ESG Fund


Spring 2019 - Fixed Income Group

  • Parth Shah

  • Ryan Snope

  • Lihuan He

  • Andrew Hanna


Spring 2019 - Growth Fund

  • Austin Ma

  • Neil Karandikar

  • Parth Shah

  • Tapan Sabnis

  • Daniel Jaw

  • Guanyi Wang

  • Ayush Khanna

  • Michael Lee

  • Rayon Halim

  • Ryan Snope

  • Manojna Pinnamaneni


Spring 2019 - Value Fund 

  • Ce Wang

  • Joseph Diaz

  • Charles Swartz

  • William Pitt

  • Andrew Hanna

  • Lei Gong

  • Peng Ser

  • Siddhartha Kaparthy

  • Yun Zhang

  • Hao Tsung


Spring 2019 - ESG Fund

  • Robert Herzka

  • Janet Hong

  • Benjamin Gottesdiener

  • Jamison Friedland

  • Lihuan He

  • Zhipeng Liu