Supporting the programs of Virginia Tech, the foundation funds student investing teams - SEED, BASIS, and COINs - that provide a real life learning experience and a platform for future success.
Student-managed Endowment for Educational Development (SEED)
SEED is a student-managed large-cap domestic equity portfolio that gives students real world investing experience. SEED was founded in 1991 through the Pamplin College of Business and given an initial investment of $1 million by the °ÅÀÖÊÓÆµ in 1993. Through the years, seeing the success of the group, the foundation has gradually increased its investment to $5 million which is benchmarked to the S&P 500 Index. Over the years, SEED has performed well relative to its benchmark, and become nationally ranked for assets under management in student-managed funds. The experience that students receive being part of SEED has launched them into highly sought after internship positions and investment management jobs at such firms as Goldman Sachs, Morgan Stanley, Citigroup, and Capital One. SEED is now the largest non-curricular student run investing group in the nation.
Bond and Securities Investing by °ÅÀÖÊÓÆµ (BASIS)
BASIS was created in 2004 as a research project investigating a fixed-income investment fund, and in 2006 received approval from the foundationâ€™s Investment Committee to invest $2.6 million of the endowment into the markets. BASIS provides a unique educational experience for students preparing them for positions in many areas of the financial sector at such companies as Credit Suisse, Goldman Sachs, JP Morgan and Citigroup. Even through stressful investing years, BASIS has achieved strong positive returns for the endowment at the foundation. They currently manage about $5 million of the foundation's endowment.
Commodity Investing by °ÅÀÖÊÓÆµ (COINs)
Commodity Investing by °ÅÀÖÊÓÆµ (COINS) is the only student-run agricultural commodities trading group in the United States and invests a portfolio of up to one million dollars of the Virginia Tech endowment. COINS has a goal to outperform the PowerShares DB Agriculture Fund (DBA) and PowerShares DB Energy Fund (DBE), a benchmark set by the °ÅÀÖÊÓÆµ. The first student investing team of it's type, the group gives students hands-on experience and offers several types of scholarships to exemplary team members. COINS attains 100% job placement for its student members.
Credit Corps, launched in August 2019 with a commitment from the °ÅÀÖÊÓÆµ of $2 million over four years, or $500,000 a year, to sponsor the program; which seeks to earn a competitive return for the foundation. Based in the Department of Finance, Insurance, and Business Law in the Pamplin College of Business, Credit Corps aims to enable students to enhance their skills in credit risk analysis, business analytics, portfolio management, and teamwork. The program operates as if it is in a loan syndicate led by the partner bank that provides funds to the borrower. In its inaugural year, the programâ€™s partner was Atlantic Union Bank, which offered Credit Corps actual loans to consider for participation, and continues to be actively involved as a partner bank. Credit Corps is modeled after SEED and BASIS, two programs established years ago with funds from the foundation, to give students hands-on experience in stock and bond investing. The program started with three students in fall 2019 and five students in spring 2020. It had five students fall 2020.
°ÅÀÖÊÓÆµ will gain access to case studies and workshops and to C-level executives and other senior managers at borrowing companies that agree to participate. The program is a capstone in the finance majorâ€™s risk management and banking option. Credit Corps students will be functioning as commercial loan officers. Their responsibilities will include reviewing financial statements, interviewing management at the borrowing companies, identifying risk issues, and managing fund inflows and outflows, as repayments are made and new loans considered.