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: Global Macro, Relative Value, and Special Situations. A separate risk management track for members interested in the field is also offered. Each group has a differentiated investment strategy:

Relative Value

We seek to take advantage of the mis-pricing of securities in the financial markets by identifying undervalued and overvalued equities and bonds. We conduct pair trades, matching a long position with a short position to hedge our risk. Further, we may perform capital structure arbitrage, taking advantage of differential pricing in securities issued by one corporation.

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.