SPIFFY wins first place in worldwide portfolio competition
The Student Portfolio Investment Fund, also known as SPIFFY, won first place in a worldwide portfolio competition on March 22.
The competition was part of the G.A.M.E. Forum XIII (Global Asset Management Education) held March 21-22 in New York City. During the event, 1,100 students from more than 125 universities interacted with industry leaders and learned best practices in investment strategy.
The annual event also featured a portfolio competition that compared the 2023 performance of student-managed investment funds. Each college investment team submitted its portfolio account statements and asset holdings.
SPIFFY won First Place Undergraduate Value Portfolio in this competition and earned a $1,000 prize. The value style seeks to find undervalued stocks as they generate superior returns in the long run.
“We won the first prize in the value category in 2018, and in 2024, we did it again. This is not easy to achieve and a testament to our continued hard work,” said Sebastian Lobe, SPIFFY Advisor, University Foundation Professor of Investment Education and associate professor of finance.
SPIFFY is a key entrepreneurial venture within the University of Maine Foundation and the largest student club in the Maine Business School. SPIFFY was founded by Bob Strong in 1993 with an initial investment of $200,000. Today, SPIFFY counts over 80 undergraduate members who oversee a portfolio exceeding $4.6 million of assets under management.