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Prospectus

In: Business and Management

Submitted By voberoi2
Words 1635
Pages 7
Portfolio Management Project
FNAN 311-003
Spring 2016
FNAN 311 is designed to provide students with an introduction to modern portfolio management and asset valuation. Through this course, students will gain a systematic understanding of financial markets, the various types of financial instruments, and the main investment theories. The group project provides students an opportunity to apply modern investment strategies and risk management tools to near real-world portfolio management without real-world risk. Students are required to design a trading strategy (including security selection), implement the strategy (execute the trades), and evaluate the performance of the portfolio. The trading platform for the project is the Virtual Stock Exchange at http://www.marketwatch.com/game/ (or www.marketwatch.com/game/patriotfinance2016). Password: patriotFinance2016.
The Scenario
You are beginning your new job with Patriot Investment Strategies, a mutual fund family managing approximately $50 billion in assets. Patriot has a variety of funds with various objectives. You and two or three of your associates, as a group, have been asked by management to create and manage a new fund based on your own ideas, benchmarking the performance of the fund against an existing index. You have learned that the other forty new associates at Patriot have received similar assignments, and that the performance of each fund will be evaluated by management six weeks after the inception of each fund. Management has indicated that, although, the fund’s total return as measured against the chosen benchmark is certainly important, due to the short time horizon, the novelty and effectiveness of your investment strategy may be even more important in making you stand-out as the next star money manager of the firm (and the recipient of the biggest year-end bonus).
Trading Period:
• For

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