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Applied Portfolio Management


Applied Portfolio Management is a two-semester program that enables undergraduate students to apply their academic knowledge and acquire practical skills by managing a portfolio of Australian equity securities using real money in real time. Students gain exposure to the world of asset management by assuming the role of analysts and are responsible for construction, monitoring and management of the University of Sydney Student Managed Fund. Full details for each unit can be found here:


Contact

Andrew Ainsworth andrew.ainsworth@sydney.edu.au
Jiri Svec jiri.svec@sydney.edu.au

Statement of Purpose

The University of Sydney Student Managed Investment Fund is an active, long only, student-managed equity portfolio with a dual mandate. The fund is designed to provide undergraduate finance students with hands-on equity analysis and portfolio management experience and to fund scholarships for disadvantaged students. Students have the unique opportunity of acquiring practical investment management experience by forming, executing and evaluating the performance of investment recommendations.

Investment Philosophy

The Fund’s high conviction investment philosophy is formed on the premise that prices deviate from their fundamental values due to investors' overreaction to information and irrational investor sentiment. We believe these bouts of irrationality are attributable to the judgmental biases and behavioural weaknesses that influence the decisions of many investors. 

As such, opportunities exist to find companies and industries that have either fallen out of favour with investors or have unacknowledged potential, resulting in depressed market prices relative to intrinsic values. 

The Fund employs a rigorous filtering process designed to identify stocks which have experienced negative market sentiment, but maintain financially-sound long-term fundamentals. Additionally, fund analysts boast a diverse range of academic backgrounds, allowing analysts to identify firms with undiscovered potential through specialist insights. Analysts operate within a flat management structure that is conducive to balanced discussion of ideas, ensuring all viewpoints are thoroughly explored before a decision is made. Finally, mandate flexibility enables our portfolio to remain nimble and rapidly adapt to market changes. By concentrating our research and processes in areas where inefficiencies exist, the Fund strategy has the potential to generate positive excess returns to market.

Current Students




Anthony Achjian

Anthony Achjian

B. Engineering (Honours) and B. Commerce
Sector Team: Financials
Functional Team: Quantitative

Anthony is a diligent penultimate year student studying Finance and Civil Engineering. As a result of his diverse background and broad skillset, he hopes to bring a unique perspective to the fund. He has previously interned at Arcadis, a leading engineering consulting firm, where he worked on major subdivisions and infrastructure projects. In his spare time, Anthony enjoys staying active through rowing and surfing, and is looking forward to his exchange at University College London, where he will be studying Quantitative Finance. Upon graduation, Anthony is keen to pursue a career in investment banking or management consulting.




John Brann

John Brann

B. Commerce (Liberal Studies)
Sector Team: IT and Telecoms
Functional Team: Portfolio Construction

John is a final year student majoring in Finance, Marketing and Psychology. Whilst completing his studies, John has spent a year working as a data analyst for the online marketplace ServiceSeeking, while also being the Student Vice-President for Beta Gamma Sigma Society. In his spare time, John enjoys his sport, particularly football and athletics. He has a passion for finance and upon graduation he hopes to explore further career opportunities within asset management or financial services.




Kiran Dindayal

Kiran Dindayal

B. Commerce (Liberal Studies)
Sector Team: Financials
Functional Team: Portfolio Risk and Performance

Kiran is a penultimate student studying majors of Finance, Econometrics and International Business. Kiran has experience working in the financial services, ranging from being a part of the sales team at Macquarie Group to advising international clients on capital raisings. Driven by a genuine interest in the global financial markets, Kiran is keen to pursue a career in Markets or Corporate Finance. Outside of finance, Kiran enjoys his football and playing for Lane Cove Cricket Club.




Paul Han

Paul Han

B. Commerce (Liberal Studies)
Sector Team: Materials and Energy
Functional Team: Macroeconomic

Paul is in his penultimate year of study, having undertaken majors in Finance and Economics. He is currently working at an investment advisory firm as an equities analyst, allowing him to offer a practical perspective on funds management to the team. With a growing passion for the financial markets and a keen desire to continuously learn, Paul is looking to explore a career in corporate finance or equity research. Outside of his work and studies, Paul enjoys basketball, Oz-Tag, and playing the guitar.




James Huang

James Huang

B. Commerce and B. Science
Sector Team: REITs and Utilities
Functional Team: Macroeconomic

James is currently in his penultimate year majoring in Finance, Marketing, Geology and Geophysics. He has previously interned at a private equity firm. His role involved company research, due diligence and financial analysis. In his spare time, James enjoys photography, hiking and camping. James aspires to have a career in the finance industry where he can follow his passion in analytical thinking, business valuation and financial modelling.




James Icanovski

James Icanovski

B. Commerce (Liberal Studies)
Sector Team: Consumer Discretionary and Consumer Staples
Functional Team: Quantitative

James is currently in his 3rd year majoring in Finance, Computer Science and Business Analytics. Whilst completing his studies, James has spent time working for social businesses overseas, and has also accumulated 2 years experience as a Sales Representative for Mondelēz International. More recently, James interned at a boutique hedge fund named Morphic Asset Management. In his spare time, he enjoys playing soccer, golf, and poker, as well as managing a personal investment portfolio. James hopes to pursue a career in funds management or investment banking.




Bob Jin

Bob Jin

B. Engineering (Biomedical, Honours) and B. Commerce (Finance)
Sector Team: Healthcare
Functional Team: Quantitative

Bob is currently an Honours year student, completing his thesis on deep learning applications in predictive finance. His time at university includes an exchange to the University of Pennsylvania, where he also competed in the Intercollegiate Business Competition (Queen's University, Canada). Bob has previously interned at Dimensional Fund Advisors and is currently tutoring Engineering Computing at the School of IT, bringing his knowledge in factor investing and strong programming skills (VBA, Python) to the fund. Outside of the classroom and office, you can find Bob swimming, snowboarding, or travelling around the world. Bob is exploring career options in Investment Banking, Trading, and Management Consulting.




Matthew Jolly

Matthew Jolly

B. Commerce
Sector Team: Consumer Discretionary and Consumer Staples
Functional Team: Portfolio Construction

Matt is currently in the fourth year of his Commerce degree, majoring in Finance and Accounting - and with a particular interest in Analytics. Additionally, Matt is currently in the Prime Broking team at UBS Investment Bank, having previously worked in the Equity Sales team for three years (Small Caps). Matt's career aspirations are to stay in the Finance industry, in particular enter the Asset Management in either an Equities or Mixed-Asset fund – and hopefully to manage his own fund.




Terence Kwan

Terence Kwan

B. Engineering (Biomedical, Honours) and B. Commerce (Finance)
Sector Team: REITs and Utilities
Functional Team: Portfolio Construction

Terence is in his penultimate year of a Combined Engineering Honours and Commerce degree, with majors in Finance and Biomedical Engineering. He has obtained exposure within the start-up space with experience in venture capital and finance start-ups. Additionally, he has interest in the advancement of technology within the healthcare industry. In his spare time, Terence enjoys playing basketball, photography and travelling to exotic places. Terence aims to build a career in alternative investments or funds management.




Phoenix Love

Phoenix Love

B. Commerce and B. Arts
Sector Team: Healthcare
Functional Team: Portfolio Risk and Performance

Phoenix is in the penultimate year of his studies, majoring in finance, economics and international relations. He has experience working as an analyst at Commonwealth Bank, Main Sequence Ventures – the CSIRO’s venture capital branch – and most recently, Dimensional Fund Advisors. Phoenix is interested in pursuing a career in equity research, investment banking or management consulting after university, and wishes to enter venture capital later in his career. In his spare time Phoenix likes to watch basketball and watch live music.




Joshua Malek

Joshua Malek

B. Commerce (Finance) and B. Laws
Sector Team: Consumer Discretionary and Consumer Staples
Functional Team: Macroeconomic

Joshua is in his third year of his Bachelor of Commerce and Bachelor of Laws degree, majoring in Finance. Joshua has spent time in America, having studied international business, and leadership strategies at the University of California, Los Angeles. During this time he interned at a Community Development Financial Institution to promote economic revitalisation in distressed communities through financial assistance. Joshua is passionate about financial markets and aims to build a career as an Equity Research Analyst.




Ben Porter

Ben Porter

B. Engineering (Chemical, Honours) and B. Commerce (Finance)
Sector Team: Financials
Functional Team: Quantitative

Ben is currently in his final year of a Bachelor of Engineering and Bachelor of Commerce degree. In the first half of 2017, he moved to Geelong to work with Dow Chemical at one of their specialty plants. More recently, he interned at Laing O'Rourke designing large-scale 3D printers. In his spare time, Ben enjoys photography and playing basketball. He is exploring career options in investment management and strategy consulting.




Alick Song

Alick Song

B. Commerce and B. Laws
Sector Team: Financials
Functional Team: Portfolio Risk and Performance

Alick is currently in his 3rd year of a Commerce/Law degree majoring in Finance. Whilst studying, Alick participated in the IPP program at Macquarie Group and has continued to work there since. He is currently the publications executive for USYD's University Network for Investing and Trading society, with recent achievements including the publication of the Trading and Careers guides. Outside of studying and work, Alick is a keen traveller and music fan.




Alisha Vij

Alisha Vij

B. Commerce (Liberal Studies)
Sector Team: Materials and Energy
Functional Team: Portfolio Risk and Performance

Alisha is currently in her penultimate year of study, majoring in Finance, Accounting and Econometrics. She has experience working in financial services, previously interning in Financial Markets at Westpac, and in her current role as an analyst at Macquarie Group. Alisha is fascinated by financial markets and is excited to pursue a career in markets, banking or asset management. Outside of work and study, Alisha is a keen traveller and dog lover.




Sam Waldron

Sam Waldron

B. Commerce
Sector Team: IT and Telecoms
Functional Team: Macroeconomic

Sam is a Commerce student majoring in finance and economics. Whilst completing his studies he has obtained experience in the finance industry, having worked as an intern at Scotiabank and is currently an economic analyst at MacroPlan Dimasi, a leading property consultancy firm. Outside of finance, Sam enjoys reading up on history, surfing and playing soccer. Sam has a passion for investment management and is looking to pursue a career in this area, or in management consulting.




Luke Wetmore

Luke Wetmore

B. Commerce (Finance) and B. Laws
Sector Team: Industrials
Functional Team: Macroeconomic

Luke is currently in his 3rd year of a Bachelor of Commerce and Bachelor Laws completing a major in finance. Recently, he completed an internship with social enterprise company Project Everest, working on a Health project on the ground in Malawi over February. Specifically, Luke contributed heavily to building financial models and scenario analysis projections to evaluate potential social business expansion into the Malawian Healthcare system. Luke has a keen interest in case competitions, mooting and advancing his knowledge of financial systems in pursuit of a career in investment banking or corporate law.




Chloe William

Chloe William

B. Commerce (Liberal Studies)
Sector Team: Industrials
Functional Team: Portfolio Construction

Chloe is a fourth year Commerce (Liberal Studies) student majoring in Finance and Economics with a keen interest in banking, having worked in equity capital markets and currently pursuing a career in investment banking. She has embraced a diverse range of interests across her university life, currently serving as a Consulting Director for 180 Degrees Consulting and on the Executive Committee of FMAA. Her exchange to the University of Texas at Austin sparked an interest in technology and start-ups, an area she explored whilst working as a Technology Intern at oOh! Media. Chloe hopes to one day visit all 50 US states (currently reached 21) and enjoys travelling, pottery and stand-up comedy.




Nathan Yoo

Nathan Yoo

B. Commerce and B. Laws
Sector Team: Materials and Energy
Functional Team: Portfolio Risk and Performance

Nathan is a third year Commerce and Law student majoring in Finance. During his spare time, Nathan manages his own investment portfolio which focuses on stocks with smaller market capitalisation and disruption. With his passion for growth opportunities, Nathan brings a unique and alternative perspective on the market. Nathan is currently seeking out opportunities for a career in asset management, investment banking or turnaround investment. His other interests include travelling and following the UFC.


Past Students




Matthew Berry

Matthew Berry

B. Commerce and B. Arts
Sector Team: Materials and Energy
Functional Team: Macroeconomic

Matthew is currently in his 4th year majoring in Finance, Chinese and Economics. He has previously completed the CFA Level 1 exam and interned at Macquarie Group. Matthew has also spent time in Asia, having studied at Peking University and worked at Pertamina, Indonesia’s largest Fortune 500 Company. He enjoys playing soccer, reading up on history and global affairs, and competing in chess tournaments. Matthew is passionate about financial markets and is looking at a future career in Finance.




Greg Burke

Greg Burke

B. Commerce
Sector Team: IT, Telecoms and Utilities
Functional Team: Portfolio Construction

Greg is a final year student majoring in Finance and Business Information Systems. Whilst completing his studies Greg has accumulated nearly 2 years of industry experience working as an Economic Research Assistant at leading property consultancy, Macroplan Dimasi. His role involves extensive data gathering, financial modelling and economic analysis on retail assets across Australia. Upon graduation Greg aspires to secure a role in equities research/analysis in the funds management industry, due to his passion for equities investing, portfolio management and analysing financial markets.




Harrison Calligeros

Harrison Calligeros

B. Commerce and B. Engineering (Honours)
Sector Team: Materials and Energy
Functional Team: Portfolio Construction

Harrison is a 4th year undergraduate studying Finance and Electrical Engineering Honours. Harrison has brought analytic and critical thinking skills to the fund and offers a unique perspective on the market.




Simon Chen

Simon Chen

B. Commerce and B. Laws
Sector Team: Financials and REITs
Functional Team: Quantitative

Simon has had experience working across administration and research departments. Outside of work and study, Simon enjoys coding (Python), ocean swimming, and participating in case competitions, such as the Citi Global Markets Challenge. Simon is interested in pursuing a career in investment banking, or trading.




Sayaka Emi

Sayaka Emi

B. Commerce
Sector Team: Healthcare
Functional Team: Quantitative

After working in the organic agriculture business specialising in international commerce, Saya decided to follow her passion in finance and business analytics. She interned at a leading Australian online fashion retailer as a data analyst and now works part time at a market research firm focusing on quantitative analysis and data collection. In her spare time, Saya is currently organising Harvard University’s Asia Conference and she is also a member of the USYD Student Advisory Council. Saya is exploring career opportunities in the finance industry which will utilise her experience and passion for quantitative analytics.




Bronte George

Bronte George

B. Commerce
Sector Team: Financials and REITs
Functional Team: Macroeconomic

Bronte is currently working as a credit research analyst within the Fixed Income team for UBS Asset Management. The three years prior to this she has rotated across various functions of UBS AG Australia, including Wealth Management and Exchange Traded Derivatives. Additional to her study at the University of Sydney, Bronte has also undertaken study at Harvard University and the University of Cambridge. Bronte's career aspirations are to remain within the Asset Management industry as an investment analyst, with the ultimate ambition to specialize in ESG or SRI investing.




Paul Haldey

Paul Haldey

B. Commerce
Sector Team: IT, Telecoms and Utilities
Functional Team: Macroeconomic

Paul is in his fourth year of his Commerce degree, with majors in Finance and Economics while having also undertaken substantial study of Financial Mathematics and Statistics. Paul has obtained experience in macro and micro economic consulting with BIS Shrapnel and Pricewaterhouse Coopers. Paul aims to build a career as an Equity Research Analyst.




Hugh Jameson

Hugh Jameson

B. Commerce and B. Laws
Sector Team: Consumer Staples & Consumer Discretionary
Functional Team: Portfolio Construction

Hugh’s experiences in financial services are varied; ranging from working for a pre-launch Fintech startup to innovation consulting within the banking industry. In addition to this, Hugh is the Honorary Treasurer of the St. Paul’s College Students’ Club, Executive Director of the Boomalakka Investment Club (a student-run portfolio) and volunteers to consult for non-profits, both in Australia and overseas. Hugh is exploring career options in investment banking and management consulting.




Amanda Lim

Amanda Lim

B. Commerce (Liberal Studies)
Sector Team: Materials & Energy
Functional Team: Macroeconomic

Amanda has had experience across corporate finance and human resources, and is currently the Secretary of the University Network for Investing and Trading. A strong desire to decipher the forces that shape global markets keeps her motivated and excited on a daily basis. Outside of finance, Amanda thrives on her passion for aerial yoga, running and reading. Amanda is actively pursuing a career in Global Markets.




Tom Mahony

Tom Mahony

B. Commerce and B. Laws
Sector Team: Industrials
Functional Team: Portfolio Risk and Performance

Tom is a diligent student with a passionate interest in financial markets and funds management. Tom has experience working in hedge funds and financial services. Most notably, he recently spent two months working on the credit team at New York hedge fund, York Capital Management. He is an Executive Director of the Boomalakka Investment Club (a student-run equity portfolio) and manages his own small investments. In his spare time, Tom enjoys playing rugby for Eastern Suburbs RUFC, cricket and surfing. Tom hopes to pursue a career in investment banking or funds management.




Alexander Mann

Alexander Mann

B. Chemical Engineering (Advanced) and B. Commerce
Sector Team: Financials and REITs
Functional Team: Quantitative

Xander is concentrating solely on finance in the fifth year of his degree, having finished his engineering thesis and major design in 2016. In addition to his time at USYD, he spent six months on exchange in Toulouse, France and another six months working at the engineering firm Axens in Paris. More recently, he spent the 2016 summer holidays as an intern at Uber in Sydney. Xander is looking forward to beginning his career in management consulting in February 2018.




Obi Mbakwe

Obi Mbakwe

B. Commerce (Liberal Studies)
Sector Team: IT, Telecoms and Utilities
Functional Team: Macroeconomic

Obi is in his penultimate year of study completing majors in finance and econometrics. His university experience has included an exchange to Michigan State University, and an industry placement program at the University of California, Los Angeles. He has a passion for finance and will ideally pursue a career in asset management, equities research or banking. His interests include watching sport, long walks on the beach and excel modelling.




Brian O’Callaghan

Brian O'Callaghan

B. Engineering (Advanced) and B. Commerce
Sector Team: Industrials
Functional Team: Portfolio Risk and Performance

Brian has two years of experience working in the fields of civil engineering and innovation consulting. In his spare time Brian works with 180 Degrees Consulting, Engineers Without Borders and the USYD Student Leadership Academy, actuating his passion for helping university students to understand the positive impacts associated with intentional leadership. Brian is exploring career options in investment banking and management consulting.




Sam Pham

Sam Pham

B. Commerce and B. Laws
Sector Team: Consumer Discretionary and Consumer Staples
Functional Team: Quantitative

Sam has one year’s experience working in investment management and local start-ups. During his spare time, Sam competes in competitions such as the Global Markets Challenge, Investment Banking Challenge, Social Impact Case Competition and Cornell Real Estate Challenge and contributes articles for Inside Enterprise and UNIT. Sam is currently seeking out opportunities in funds management and trading. Sam enjoys playing basketball and poker.




Duncan Robertson

Duncan Robertson

B. Commerce and B. Laws
Sector Team: Materials & Energy
Functional Team: Portfolio Risk and Performance

Duncan has experience working in politics, having spent three months in Washington D.C. working for Congressman Paul Cook (Ret.) in the U.S. House of Representatives, while also studying U.S. Foreign Policy at the University of California DC. He currently works for the University’s Compass Program and Student Recruitment Network as a Student Ambassador, while also being the Honorary Secretary for the St. Paul’s College Boomalakka Investment Club. Outside of the classroom, Duncan enjoys his sport, playing both Rugby and Rowing. He is also an avid Arsenal F.C. fan. In the future, Duncan hopes to pursue a career in either investment banking or corporate law.




Anthony Spiteri

Anthony Spiteri

B. Commerce and B. Laws
Sector Team: Financials and REITs
Functional Team: Portfolio Construction

Anthony is a third year Commerce and Law student majoring in finance. Anthony is currently interning at an alternative asset manager and developing a keen interest in buy side financial analysis. In the future, he hopes to explore further career opportunities within asset management or experience working on the sell-side. In his spare time, Anthony is a keen traveller and loves to explore exotic locations.




Lincoln Ye

Lincoln Ye

B. Science (Advanced) and B. Commerce
Sector Team: Healthcare
Functional Team: Portfolio Construction

Lincoln has two years of experience working in the asset management and alternative credit industry. He has facilitated a variety of credit deals, including mid-tier corporates and real-estate finance. In his spare time, Lincoln enjoys managing his investment portfolio, tending to his garden and creating spreadsheets no one else understands. Lincoln wants to pursue a career in corporate banking and asset management.




Call for Applications

Applied Portfolio Management A FINC3301 (Semester 1, 2018)

Applied Portfolio Management B FINC3302 (Semester 2, 2018)

The University of Sydney Business School is accepting applications for the 2018 Applied Portfolio Management elective units (FINC3301 and FINC3302). Successful applicants will be responsible for managing the Business School’s Student Managed Investment Fund (SMIF). The SMIF is an active equity portfolio that aims to outperform the S&P/ASX200 accumulation index. These two units will provide a forum for selected students to develop their equity research and portfolio management skills.

Acceptance into the SMIF requires a two‐semester commitment (FINC3301, Applied Portfolio Management A – semester 1, 2018 and FINC3302, Applied Portfolio Management B – semester 2, 2018). This two‐semester 12 credit point program aims to prepare students for a variety of finance‐related careers, including equity research, investment banking, portfolio management, credit and financial analysis, wealth management, and investment consulting. Each student will specialise in one economic sector, which provides an opportunity to gain a deep understanding of company, industry, and economic value drivers.

FINC3301 and FINC3302 are open to undergraduate Bachelor of Commerce students pursuing a major in Finance with a Distinction in either Corporate Finance I (FINC2011) or Corporate Finance II (FINC2012). Students are required to have completed Corporate Finance II (FINC2012) before semester 1, 2018. Students will need to enrol in Financial Valuation: Case Study Approach (FINC3015) in semester 1, 2018 and Investments and Portfolio Management (FINC3017) in either semester 1 or 2 of 2018 if they haven’t already completed these units.

The number of students admitted to the program will be limited to 20. No prior investment experience is required to apply for admission. Successful candidates will exhibit excellent communication skills, strong analytical ability, a broad understanding of the economy and financial markets. The unit will require a considerable time commitment with successful applicants required to be self‐motivated, hard-working and be able to work successfully in a team environment.

Applied Portfolio Management A and B will focus on developing a deeper understanding of portfolio analysis, valuation techniques and enhance communication skills. Analysts are required to complete research reports each semester, perform presentations and monitor the companies in their assigned sector. Participation in FINC3302 is contingent upon each student’s successful completion of FINC3301.

The following link provides specific details for the application process.

Application Deadline

Applications have now closed

11:59pm Thursday October 5, 2017