Independent Banker - November 2018 - 78

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the university's SIF program. But for
him, it's not just about making a financial
contribution. The fund's managers
also help shape the program's future
36 )RUP -XO\3DJH RI
by attending SIF planning sessions.
" We don't just sit back and forget
about it, " Eberhardt says.
Part of this effort is making sure the
SIF program sees a steady stream of
participants.
To help market the program to Pacific
students, the fund's managers
helped create the Pacific Investment
Management Association, a club open
to all students. The club exposes them
to the analysis and research required
for stock selection through an online
portfolio simulation game that doesn't
involve real money. If they get a taste
for it, they can apply to be part of
the program.
High performance
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From a performance perspective, 2017
was a landmark year for the Student
Investment Fund. According to the
annual report, the fund returned 26.3
percent on the year versus 14.6 percent
for its blended benchmark. This was
not only an 11.7 percent outperformance,
but the fund also significantly
outpaced its cumulative compounded
return of 10.9 percent.
Leaders say this is a real success
story for program participants-as
well as for University of the Pacific.
At the end of every year, the SIF gives
back 4 percent of its market value in
distributions to the university to teach
a philanthropy component. In 2017, it
distributed a total of $121,831 to the
speech-language pathology program,
the men's water polo team and the
Eberhardt School of Business.
The fund also distributed more than
$58,000 to the university's general
endowment. To date, the Eberhardt
SIF has returned nearly $1 million to
University of the Pacific.
As Eberhardt says, " The endowment
is now giving [the university's administration]
even more money to invest
and also more to run the university. "
Katie Kuehner-Hebert is a writer in
California.
Every year, the Student Investment Fund holds a ceremony to announce results and
distribute philanthropic funds to various groups, including Eberhardt School of Business
(ESB). From left: Angad Randhawa, SIF chief investment officer and financial sector analyst;
Douglass Eberhardt; Tim Carroll, dean of ESB; and Jesper Kasanen, SIF chief technology
officer and technology sector analyst.
Independent Banker - November 2018

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