Lemma Senbet Fund

Real-world learning. Job market return.

The Senbet Fund was founded in 2006 to give undergraduate students an experiential learning experience in portfolio management and equity analysis.  The goal of the student team, which includes two portfolio managers and 10 equity analysts, is to make long-term investment decisions to appreciate the fund’s value.

Modeled on the pioneering Mayer Fund at the Smith School, the Senbet Fund has the long-term performance goal of outpacing the appreciation of the S&P 500 on a risk-adjusted basis.

The Senbet Fund is a year-round, advanced course that immerses students in the world of finance, giving them the opportunity to test their knowledge and skills by making investment decisions with real money. Students also assess the results of the decisions they make and determine which strategies work and which to avoid in the future.

Working for the Senbet Fund can be as demanding as a first job while giving a senior finance major a competitive edge during the recruiting season. The Senbet Fund is a real-world learning experience that helps prepare members for careers in the financial services industry.

Class of 2022

Gemma Abbott
Portfolio Manager of Markets and External Relations

Adam Rosenbaum
Portfolio Manager of Performance

 

Sawyer Lynch
Consumer Discretionary Analyst

Aislinn Verma
Communication Services Analyst

Jake Sloane
Consumer Staples Analyst

 

Luca Pedrazzini
Energy Analyst

Emma Liu
Financials & Real Estate Analyst

David Mathai
Financials & Real Estate Analyst

 

Caroline Dull
Healthcare Analyst

Sean Liu
Information Technology Analyst

 

Thomas Strehl
Information Technology Analyst

Drew Twillman
Industrials & Materials Analyst

Get Involved

The Senbet Fund is a year-round, advanced finance course for senior finance majors. The course provides them with the opportunity to put their knowledge and skills to the test by making real investment decisions with real money. The course not only serves as a chance to put classroom material into practice but also as an enhanced forum for learning. As part of this course, students discuss in-depth financial topics such as:

  • Portfolio management theory and practice
  • Security screening and selection
  • Economic and industry analysis
  • Corporate qualitative and financial analysis
  • Valuation analysis
  • Trading strategies

Additionally, students learn from reviewing the results of the decisions they make, determining which strategies to replicate and which strategies to avoid in the future.

The Senbet Fund provides members with skills and knowledge highly coveted by corporate recruiters. However, it also gives these high achieving students enhanced opportunities to network with industry professionals, use financial tools such as Reuters, Bloomberg, and First Call, and gain real-life market experience. Working for the Senbet Fund, in some ways, can be as demanding as a senior finance major’s first job, and it definitely gives him or her a competitive edge during the recruiting season.

  • Must be a declared finance major.
  • Must be a rising senior.
  • Completion or concurrent enrollment in BMGT343 Investments for this spring semester.
  • Minimum 3.00 cumulative GPA.
  • Completion of the Smith School gateway courses: MATH220/140, BMGT220, 221, 230, ECON200 & 201.
  • BMGT340 should be completed prior to entering the program and BMGT443 should be completed the Fall semester of your senior year.
  • Recommended courses: BMGT310, ECON305/306, and ECON330 or BMGT341.
  • While completion of MATH220 Elementary Calculus I is required, MATH140 & 141 Calculus I and II are preferred. MATH coursework beyond MATH220/141 is a plus.
  • Preferred/Recommended Course sequence: Junior year Fall: BMGT340, BMGT310; Junior year Spring: BMGT343, ECON330 or BMGT341, one of ECON305 or 306; Senior year Fall: BMGT443 and BMGT449F (Fellows fund course); Senior year Spring BMGT449F (Fellows fund course).
  • Requires a two-semester commitment from Summer Session II to May of next year.
  • Completion of the online application.

Member selection is conducted each spring for the following academic year. Download the latest recruiting presentation.

Applications for the 2022-23 Senbet Fund will open in December.

All applications are submitted online and include the submission of the following:

  • Application form.
  • Cover letter: Explains why you want to be a part of this program, what you can bring to the program, and what you hope to gain from participating. Address your cover letter to the faculty champion for this fellows program.
  • Resume.
  • 3-page analyst report to include the analysis of a stock with a recommendation of whether to buy, hold or sell the stock based solely on its current price relative to what you believe the stock is worth. This report is to be no more than three typed pages, not including exhibits, double spaced in Times New Roman 12 point font. The written analysis should include an economic overview, industry overview and company overview, including your recommendation. Each section of the report should be written within the context of the stock you have chosen to analyze. It is highly recommended that you select a company and industry with which you feel comfortable. Please note that the Honor Code will be enforced for this application.
  • Note: Cover letter, resume, and analysis report must be submitted in PDF format.

Contact Sarah Howerton Kroncke via email at skroncke@umd.edu or phone at 301-405-0354. You can also email rhsmith-senbetfund@umd.edu if you have questions about the program. Email the Undergrad Program Office at smithfellows@umd.edu if you have questions about the application form.

Contact Us

The Senbet Fund welcomes questions from prospective students and interested parties. Please e-mail us at rhsmith-senbetfund@umd.edu.

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