University of Minnesota, Twin Cities
PAE-T2-7: Student-Managed Sustainable Investment Fund

The Carlson Funds Enterprise is comprised of roughly 40 MBA and undergraduate students, 2 Professional Advisers, 2 faculty members, and 1 administrative associate. The students are split between a Growth Fund and a Fixed Income Fund. Combined, the assets total more than $35 million. The fund has 11 participants that have contributed to the fund and each have a representative on our Advisory Board. During this year-long program, Student Analysts research and present two stocks or two bonds to the Investment Oversight Committee, one stock in the fall and one stock in the spring. Assistance and oversight is provided by professional mentors and academic faculty. The focus of this fund is on social and ethical responsibilities when it comes to managing the money. Students in the fund are required to take an additional ethics seminar before starting in the program. Dealing with real investors requires students to behave just as they would if they were working for a real investment company.