Structure

Overview

Founded in 2007, AIF, gives students the opportunity to research and pitch investment strategies and potentially have their strategy implemented in the AIF portfolio. AIF also provides close mentorship, hosts functional workshops and company presentations directed by financial professionals, and connects members with its extensive alumni network. Students from any major are encouraged to apply.

Members are exposed to three major trading strategies corresponding to our three eponymous funds: Fundamental Equities, Global Macro, and Special Situations. A separate risk management track for members interested in the field is also offered. Each group has a differentiated investment strategy:

Fundamental Equities

We take a value-oriented approach to public markets on both the long and short side of the book. We invest along various horizons, with holding periods ranging from very short-term to five years. We have the flexibility to take unhedged exposures or to conduct pair trades, matching a long position with a short position to hedge our risk.

Global Macro

We analyze international markets and use macroeconomic principles to identify dislocations in asset prices. Members analyze economic indicators, secular and cyclical trends, and political events to develop fundamentally based trade ideas. Trades will frequently involve currencies, commodities, government bonds, and investments in various indices worldwide.

Special Situations

We explore event-driven strategies and exploit asymmetric information regarding proper valuations. Members analyze mergers, acquisitions, spinoffs, IPOs, and more to determine fair value, as frequent mispricing occurs due to market inefficiency. We may also perform capital structure arbitrage, taking advantage of differential pricing in securities issued by one corporation.