February 5, 2020 – The student-led Haile Student Investment Fund (HSIF), housed in the Haile/US Bank College of Business, reached a milestone this year as it topped $1 million. The innovative fund was established in 2011 with a $500,000 gift from the Carol Ann and Ralph V. Haile, Jr./US Bank Foundation and has since earned a Five-Star rating from MorningStar, the prestigious investment research and rating firm.
The fund is managed as part of FIN 450, Advanced Investment Analysis, a selective undergraduate course that allows students to manage live investment portfolios in preparation for entering the job market, gaining valuable hands-on experience in security research, valuation of risky assets and portfolio management. The HSIF is managed exclusively by finance students under the supervision of Dr. J. C. Kim.
“The Haile Student Investment Fund gives students hands-on experience working in the finance field,” said Dr. Kim. “This is why even after graduating, former students seek updates on the portfolio and share their newfound knowledge with current students. It has held great importance to me that our university is able to offer a class that current and former students are able to work together and apply the skills they have learned in and outside of the classroom.”
The investment class that manages the HSIF is popular at Northern Kentucky University, and is open to all business majors who have completed the basic investments class.