As portfolio managers, we establish investment parameters to align with market expectations for the academic year, ensuring a structured approach to portfolio construction, performance targets, and risk exposure. These parameters serve as a foundation for decision-making and portfolio governance. While they are reviewed and set at the beginning of each cohort, adjustments may be made in response to changing economic conditions or emerging investment opportunities.

Our risk-return framework balances long-term capital appreciation with active risk oversight, ensuring diversification, systematic rebalancing, and disciplined position sizing.

Performance Metrics 

• Total Return Target: 12% – Expected portfolio return for 2025 based on strategy and market conditions.
• Alpha Target: 1% – Extra return above the benchmark driven by active management.
• Sharpe Ratio: 1 – Measures risk-adjusted performance using total volatility.
• Sortino Ratio: ~1 – Focuses on downside-risk efficiency.
• Information Ratio: 0.5 – Shows consistency of outperforming the benchmark.
• Treynor Ratio: 0.15 – Evaluates return earned per unit of market risk.

• Annualized Standard Deviation: 12% – Keeping track of portfolio volatility.
• Beta: < 0.9 – Portfolio aligned with overall market risk.
• Maximum Drawdown: < 18% – Caps expected peak-to-trough loss in major downturns.
• Idiosyncratic Risk Limit: < 20% – Controls company-specific volatility.
• Value at Risk (VaR): <9% – Controlling extreme losses.

• Single Stock Exposure Cap: <4% – Mitigating Idiosyncratic risk.
• Industry Exposure Cap: 30% – Limits concentration in any single sector.
• Rebalancing Frequency: Quarterly – Maintains alignment with target exposures.

Chief of Staff – Henrique Zappe

Henrique Heiss Zappe is the Chief of Staff who helps students grow and reach their goals. He keeps the fund’s operations running smoothly and makes sure everyone stays on track during meetings and projects. By being supportive and approachable, he builds a strong, positive culture where students feel motivated and confident.

Editorial – Ben Worsley

Ben Worsley leads the Editorial Team, helping students share their ideas clearly and professionally. He guides the editing of reports and documents so the fund always communicates at a high standard. By keeping writing consistent and thoughtful, Ben makes operations smoother and helps students feel confident in their work. His care for strong communication supports a culture of excellence.

Marketing – Zach Zimmerli

Zach Zimmerli leads the Marketing Team, helping students showcase their achievements and connect with the fund’s community. He manages outreach through the website, social platforms, and events that bring people together. By helping share the fund’s story, Zach supports recruitment, engagement, and pride in the work students do. His leadership builds a warm, energetic culture.

Technology – Mikhail Berlay

Mikhail Berlay leads the Technology Team, ensuring students have the tools and systems they need to succeed. He helps maintain the fund’s digital platforms and supports data-driven work that keeps operations running. By guiding technical problem-solving and innovation, Mikhail helps students work confidently and efficiently. His steady support strengthens a culture of learning and curiosity, leveraging database, python and website projects.

Treasury – Jaxon Floyd

Jaxon Floyd leads the Treasury Team, helping students understand the financial heartbeat of the fund. He oversees transaction tracking, performance monitoring, and clear reporting that supports smart investment decisions. By keeping information accurate and organized, Jaxon helps daily operations run smoothly and gives students confidence in their analysis. His reliability builds a culture of trust and professionalism.