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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:

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




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