<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div class="">I invite all SBE students to participate in the Student Managed Investment Fund (SMIF) during this Spring semester. In order to set up the schedule, SMIF invites you to a first meeting on <b class="">Wednesday, February 9th from 12 pm - 1pm</b> in the Bloomberg Lab (first floor in Ausable Hall). The plan is to see who is really interested and then set up a meeting time that works for everyone.</div><div class=""><br class=""></div><div class="">SMIF has restarted last semester in September after a 2 year break due to Covid. We started with $12,000 and right now we have a little over $13,000 ($13,126 to be more exact). This amounts to an overall return of 18.5% over the period and as the attached graph shows, we have significantly outperformed all major indexes and markets. We use a mix of fundamental and technical analysis. Even if you have zero knowledge or trading experience, we will show you what our strategy is and how we implement it. </div><div class=""><br class=""></div><div class="">We hope to see as many of you there as possible, since our strategy requires quite a bit of research. The added bonus is that through this process you will learn not just how to trade, but also how to use the Bloomberg terminal and become a “chartist”. </div><div class=""><br class=""></div><div class="">Razvan Pascalau</div><div class="">Associate Prof. of Finance </div><div class=""><br class=""></div><div class=""><img apple-inline="yes" id="159F4474-911C-4051-B4C3-038B88C2C9B7" src="cid:CEE6E3A3-2A3D-4D84-A87D-8F8744E554A9" class=""></div></body></html>