The Student Investment Fund (SIF) comprises up to 12 students who manage over $3 million of the UCLA Anderson endowment through bottom-up security analyses. Through quarterly distributions to the UCLA Foundation, the SIF finances fellowship awards for Anderson students.
The SIF is a prestigious element of the Anderson experience that exposes students to situations they would encounter in a typical investment management firm. For the first six months, SIF Fellows collectively manage the fund. The equity portion is then divided equally among the Fellows and managed individually for the remaining six months. The fixed-income portfolio is managed as a group for the entire period. The Fellows visit at least 25 investment managers to learn about different investment philosophies and styles, as well as at least five current or prospective portfolio companies to conduct in-depth due diligence.
The SIF was created in 1987 as a result of the generosity and initiative of Bernard Johnson, president of Provident Investment Counsel. Provident pledged $50,000 per year over five years to start the fund. In 1989, Kayne Anderson Investment Management Co. contributed an additional $250,000. The Friends of the Student Investment Fund program was launched in 1993 and has brought in more than $250,000 in additional capital to date. Ed Shapiro (’90) initiated a Million-Dollar Challenge grant to support the SIF in honor of his 25th reunion in 2015. Haejin Baek (’90), Tim Sambado (’90) and Keith Webster (’91) have also made significant contributions to the fund.
Krishna Phanindra Vege
Adjunct Professor of Finance
Prior to joining the UCLA faculty, Bill Cockrum spent 25 years in financial services, initially as a marketer and last as CFO/CAO and one of the top senior officers at Becker Paribas Inc., a 3,000-employee investment banking firm. He teaches courses in entrepreneurial finance, leadership and business ethics, real-world challenges leaders face and investment management. He serves as a consultant in a variety of industries on issues such as organization structure, strategy, marketing, finance and administration.