SPIFFY named top student investment fund in New England by Center for Investment Research

The University of Maine’s Student Portfolio Investment Fund (SPIFFY) has been named one of the top student-managed investment funds nationwide, securing the #1 spot in New England in the 2024 rankings released by the Center for Investment Research. 

This prestigious recognition places SPIFFY among the nation’s leading student-run investment funds, ranking #26 for 2024, further cementing the Maine Business School’s reputation for excellence in finance education.

“It’s a proud moment for SPIFFY,” said Sebastian Lobe, University Foundation Professor of Investment Education and SPIFFY advisor. “Again, the University of Maine and Maine Business School are recognized for nurturing our first-class student investment club SPIFFY, which has managed real money for the University of Maine Foundation for 33 years.”

The Center for Investment Research, founded in 1993 by Nobel Laureates Harry Markowitz and Larry Klein and other distinguished academics, conducts research and sponsors an annual ranking of student-managed investment funds. The ranking evaluates funds based on assets under management, investment strategy and overall performance. 

For over three decades, SPIFFY has provided students with real-world investment experience, managing funds on behalf of the University of Maine Foundation. Founded in 1993 by Bob Strong with an initial investment of $200,000, the organization has  surpassed $5 million in assets and won multiple awards in national and global student investment competitions.  

“These achievements underscore the dedication and expertise of SPIFFY’s student investors and the robust educational foundation provided by the Maine Business School,” Lobe said.

To view the full rankings and learn more about the Center for Investment Research, visit its website.