Investment funds managed by business students reach $1M in value
Investment funds managed by business students reach $1M in value
By Vicki-Ann Downing ’21G
For the first time, funds managed by finance students at Providence College reached $1 million in value at the end of December 2025.
The Student Managed Investment Fund, or SMIF, is a course taken by junior and senior finance majors taught by Paul Scanlon, MBA, director of the finance lab. The students gain hands-on experience investing funds on behalf of the college. They learn about security analysis and portfolio management, investment research and management, asset allocation and valuation, and the dynamics of the financial markets. The course began in 2011 with donations from alumni and friends of the college and reached $825,000 in value at the end of 2025.
Huxley Capitol, which began in 2024, manages the SMIF during the summer. Twelve students are selected to participate each year based on their academic records, faculty recommendations, and prior experience.
The Student Lead Asset Management Program, or SLAM, is an extracurricular club launched in 2019. SLAM is structured like a Wall Street asset management firm with portfolio managers and analysts. Seniors who have experience through internships, the SMIF course, and other opportunities mentor juniors and sophomores and help them learn to conduct security analysis, create financial models, and pitch investment ideas. It has become of the most popular clubs in the School of Business with nearly 200 applicants in the last year. Its value reached $175,000 at the end of 2025.
“This is a remarkable accomplishment by our students the faculty who support them,” said Scanlon. “Funds and experiences like this are instrumental in our students development and long-term success. All of this is supported by the tremendous outcomes and job placements of our recent graduates.”
