The Student Managed Investment Fund (SMIF) is a highly valued organization within the Robins School of Business. Created in 1993 by the Board of Trustees, the organization provides valuable, real-time, experiential learning in securities analysis and portfolio management by entrusting a portion of University of Richmond’s endowment to SMIF managers. These students act as security analysts and portfolio managers, working with finance department faculty, an advisory board consisting of investment professionals in the Richmond community and University alumni mentors to oversee the fund. SMIF is the capstone to investment studies in a sequence of courses developed by the finance department over the past decade. Each year, the fund continues to improve and plays a unique role in the finance curriculum. Once selected, managers are entered into an investment track consisting of four courses. Practical investment knowledge gained in these classes, exercised through field trips, internships and a close working relationship with market professionals has enhanced the educational experience for fund managers. SMIF has been considered one of the more unique and prestigious programs offered at the University, and managers are chosen through a rigorous selection process.