The Nittany Lion Fund is a $7 million hedge fund run exclusively by undergraduate students at Penn State. The first of its kind in the country, the Nittany Lion Fund provides students the chance to make real investment decisions regarding the fund's 65 equities while exploring the intricacies of the financial world. The Nittany Lion Fund's mission is two-fold, to outperform the market providing a strong return for its investors and to educate its students in order to help them obtain careers on Wall Street.
The Penn State Investment Association (PSIA) is the student organization that assists the Nittany Lion Fund, LLC and is open for students of all majors and experience levels to join. The group was founded to involve students in the research, analysis, and maintenance of a securities portfolio using a hands-on approach that would bridge the gap between classroom concepts and real world situations. The Nittany Lion Fund eventually grew out of this effort, based on a marketing plan and business structure developed by PSIA students.
Currently, the Nittany Lion Fund and PSIA co-exist. Both organizations develop leaders who have landed careers with investment banks such as Bank of America Merrill Lynch, Goldman Sachs, and JPMorgan Chase.
In the News: Members of the Nittany Lion Fund at Smeal appeared on the Fox Business television show Money with Melissa Francis answering questions about what stocks the fund is currently investing in and how various sectors are performing.