July 21, 2021

Fuqua Sustainable Impact Student Investment Fund

The Fuqua Sustainable Impact Student Investment Fund prepares students at Duke University’s Fuqua School of Business to effectively use investing to protect the environment and advance a more just world. The Fund achieves this mission by: 1) giving students the opportunity to actively invest funds from Duke’s endowment in public equities through an ESG lens; 2) educating students about capital allocation and impact management and measurement; and 3) serving as a ground for experimentation in cutting edge ESG, sustainable, and impact investing strategies.

History: Fuqua’s Sustainable Impact Student Investment Fund traces its origins to the philanthropic generosity of a local businessman who, in 1952, provided Duke University’s Department of Economics and Business Administration with a corpus of funds with which current students could augment their coursework in Finance through its investment in a portfolio of publicly traded stocks.  In 1970 oversight and students’ annual engagement with the fund transitioned to the Graduate School of Business Administration, later to become The Fuqua School of Business.

Student Management: Each year CASE i3 manages the selection of two second-year student Fund Managers.  The Fund Managers recruit and select a team of first- and second-year students in the fall to the Fund Team. Students who are interested in joining the Fund Team should attend the annual CASE i3 Information Session in the Fall 1 term to find out more about the application process.

The Fund Team conducts equity research, analyzes Environment, Social, and Governance (ESG) factors, and presents investment pitches to the investment committee.  Students on the Fund Team receive course credit through Fuqua’s Experiential Learning program.  The Fund Team also facilitates opportunities for students from Fuqua’s Daytime MBA Finance Club, who have particular interest in Asset Management, to propose investment strategies and advise on the fund’s various investments.

Oversight: Student involvement in the fund is overseen by the Fund Oversight Committee, made up of faculty and staff from CASE i3 and Fuqua’s Office of Experiential Learning.  The Fund Team also has opportunity to leverage the expertise of investment professionals, many of them Duke alumni, from both the Duke Management Company (now DUMAC Inc.) and a group of external fund advisors.  Additionally, DUMAC’s administrative team supports the Fund Team’s transaction requests throughout the academic year.