Lemma Senbet Fund

Real-world learning. Job market return.

The Senbet Fund was founded in 2006 to give undergraduate students an experiential learning experience in portfolio management and equity analysis.  The goal of the student team, which includes two portfolio managers and 10 equity analysts, is to make long-term investment decisions to appreciate the fund’s value.

Modeled on the pioneering Mayer Fund at the Smith School, the Senbet Fund has the long-term performance goal of outpacing the appreciation of the S&P 500 on a risk-adjusted basis.

The Senbet Fund is a year-round, advanced course that immerses students in the world of finance, giving them the opportunity to test their knowledge and skills by making investment decisions with real money. Students also assess the results of the decisions they make and determine which strategies work and which to avoid in the future.

Working for the Senbet Fund can be as demanding as a first job while giving a senior finance major a competitive edge during recruiting season. The Senbet Fund is a real-world learning experience that helps prepare members for careers in the financial services industry.

Watch a testimonial by former Senbet Fund member Ryan Lee-Young.


Program applications are now closed for coursework beginning fall 2020.

  • Online application form.
  • Cover letter: Should be addressed to the faculty champion for this program and explain: 1) WHY you want to be involved in this fellows program; 2) WHAT will YOU add to the program; 3) HOW will it fit your academic/career plans. Limit 1-2 pages, PDF only.
  • Resume.
  • 3-page analyst report to include the analysis of a stock with a recommendation of whether to buy, hold or sell the stock based solely on its current price relative to what you believe the stock is worth. This report is to be no more than three typed pages, not including exhibits, double-spaced in Times New Roman 12 point font. The written analysis should include an economic overview, industry overview and company overview, including your recommendation. Each section of the report should be written within the context of the stock you have chosen to analyze. It is highly recommended that you select a company and industry with which you feel comfortable. Please note that the honor code will be enforced for this application.

Note: Cover letter, resume, and analysis report must be submitted in PDF format.

Questions? Read our Fellows FAQs or contact smithfellows@rhsmith.umd.edu.