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 2023, the MPSIF Executive Committee includes
        
Stephen Bologna-Jill President
Bansi Patel PM - Value
Yijie Wang PM - Value
Boyuan Zheng PM - Growth
Chui Qing Meng PM - Growth
John McDonald PM - ESG
Mahwish Mahbub PM - ESG
Ahmed Bahgat PM - FI
Prateek Gupta PM - FI

         
Faculty Advisor
Professor Anthony Marciano

Value Fund

 

Growth Fund

 

ESG Fund

 

Fixed Income

 

Spring 2023 - Value Fund 

  • Bansi Patel

  • Yijie Wang

  • Ashley Hough

  • Justin Ferrer

  • Tom Wisnewski

  • Anna Zhang

  • Alan Lee

  • Dor Boneh

  • Jack Huang

  • Mateos Vartparonian

  • Oliver Wu

  • Raj Maheshwari

  • Yosef Glatter

Spring 2023 - Growth Fund

  • Boyuan Zheng

  • Chui Qing Meng

  • Ahmed Bahgat

  • Arvind Murugupan

  • Fange Xu

  • Mo Nejmeddine

  • Stephanie Ruddy

  • Stephen Bologna-Jill

  • Yudhajit Datta

  • Elle Kim

  • Ishank Singh

  • Lambert Cao

  • Tina Wang

Spring 2023 - ESG Fund

  • John McDonald

  • Mahwish Mahbub

  • Erica Ursin-Smith

  • Prateek Gupta

  • Rachel Craig

  • Annie Ni

  • Erik Wong

  • Helen Wei

  • Maya Yuan

  • Meredith Moshier

  • Timothy Youtz

Spring 2023 - Fixed Income Group

  • Ahmed Bahgat

  • Prateek Gupta

  • Bansi Patel

  • Stephen Bologna-Jill

  • Mateos Vartparonian

  • Maya Yuan

  • Oliver Wu