|
ANNUAL REPORTS |
BUYS
|
HOLDS |
SELLS |
| 2006 Annual Report | Aetna | Altria Group | Abbot Laboratories |
| 2005 Annual Report | Allegheny Technologies | American International Group |
Anglo American |
| 2004 Annual Report | Amgen | Bear Stearns | Baker Hughes |
| 2003 Annual Report | AT&T | Cisco Systems | Banco Bilbao Vizcaya Argentaria |
| 2002 Annual Report | BJ Services. | Cymer Inc. | Dell |
| CB Richard Ellis | Florida Power & Light | Enerplus Resources Fund | |
| Ensco International | Harley Davidson | HDFC BanksQuest | |
| Illinois Tool Works Inc | Kraft | Medicis | |
| Industrials Sector SPDR | Microsoft | Research In Motion | |
| JC Penney Inc | Wal-mart | Statoil ASA ADR | |
| Johnson & Johnsons | Stericycle Inc. | ||
| Marathon Oil Corp | Transocean | ||
| Nabors Industries. | Wipro Ltd. | ||
| PNC Financial Services | World Air Holdings Inc. | ||
| Western Digital |
The 2006-2007 buy, hold, and sell reports are listed above. For buy, hold, and sell reports from previous years, visit our archive page.
| BACKGROUND INFORMATION The Ann Rife Cox and Investment Fund is administered by the undergraduate students of the Cox School of Business under the pervue of the Investments Committee of the Southern Methodist University Board of trustees. Currently, the fund has assets of approximately $2.6  million, and it represents one of the oldest and longest student-managed portfolio traditions in the United States.The Practicum convenes every school year in the Fall and Spring Semester. Each class has the opportunity to see its investment decisions in play for nearly 8 months before a new class takes over management of the portfolio. Professor Brian Bruce takes the helm each year and guides the class through the rapids of the investment process. The Nancy Chambers Underwood Investment Fund is another distinguished investment portfolio, but solely managed by Southern Methodist University's MBA graduate business students. Currently, the combined funds have total assets of approximately $6 million, representing one of the largest and oldest student-managed portfolios in the United States. |
COURSE INFORMATION The goal of the course is to give students hands-on money management experience that culminates in an annual report describing the entire management process as applied to the Ann Rife Cox Endowment Fund. Seven major areas of fund management are covered: (1) the client interface (2) an investment outlook for the coming year (3) asset allocation (4) the equity portfolio profile (5) individual equity security transactions (6) the bond portfolio and transactions (7) performance evaluation One course highlight is that outstanding guest speakers from the investment community visit the class and describe their philosophies and strategies. Past guest speakers have included: Liz Williams (Treasurer, SMU); David Anthony (Ranger Capital); and Jane Gilday (Barrow, Hanley, Mewhinney & Strauss). Further, the annual report is intended to compare favorably with the annual reports provided by top money managers around the world. The class presents its recommendations and opinions in various forums including a presentation to the Investment Committee of the SMU Board of Trustees. |
ASSOCIATION FOR INVESTMENT MANAGEMENT AND RESEARCH In this practicum, we have adopted and maintained high standards of the Code of Ethics and professional conduct, outlined by the AIMR. In the AIMR Code of Ethics, We act with integrity, competence, dignity, and in an ethical manner when dealing with the public, clients, prospects, employers, employees, and fellow members. We practice and encourage others to practice in a professional and ethical manner that will reflect credit on members and their profession. We strive to maintain and improve their competence and the competence of others in the profession. We use reasonable care and exercise independent professional judgment. Standards of Professional Conduct include: (I) Fundamental Responsibilities (II) Relationships with and Responsibilities to the Profession (III) Relationships with and Responsibilities to the Employer (IV) Relationships with and Responsibilities to Clients and Prospects (V) Relationships with and responsibilities to the Investing Public SEE MORE... |
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