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Osprey Financial Group

The Osprey Financial Group is a student managed investment fund (SMIF) at the University of North Florida, Coggin College of Business. The group is composed of both graduate MBA students and undergraduate business students. The 2002-2003 term was the inaugural year for the program, which is a two-semester commitment that counts as two electives. The real-world asset management experience begins with interviews to be selected as part of the team. The selected students are administratively organized with officer positions and responsibilities.

 

The Group is charged with the active management of a diversified portfolio of equity and fixed income securities as a professional investment firm.

 

The principal is from a gift to the Foundation from Jody and Layton Smith expressly for the purpose of enabling a special group of students to manage an initial $500,000 portion of the Endowment.

 

Objectives of the Fund

Objective I: Near-term Returns

Achieve a rate of return during the current, active/passive management period in excess of the following weighted average benchmark:

 

MSCI ACWI (0.70) + Barclays Global Aggregate Bond Index (.30)

Objective II: Long Term Gains

Achieve a rate of return over the longer term which ranks above average when compared to a representative universe of other, similarly managed balanced/blended portfolios.

Objective III: Risk Management

Allay unnecessary risk exposure through active management, while seeking compensatory gains for risks accepted.

 

Even with diversified funds, there is exposure to weakness in the broad market, a particular industry, or specific holdings. The market as a whole can decline for many reasons, including adverse political or economic developments in the U.S. or abroad, changes in investor psychology, or heavy institutional selling. Likewise, the prospects for an industry or a company may also deteriorate. Among the principal risks to which the Fund is exposed are market risk, industry/sector risk, capitalization risk, interest rate risk and credit risk. Investments in foreign securities have foreign risk, country/geographic risk and currency risk.

Objective IV: Compliance

The assets managed by Osprey Financial Group shall be invested and reinvested only in securities that comply with the guidelines for equity and fixed income securities contained in the University of North Florida Foundation, Inc. Statement of Investment Policies and Objectives.

 

Current Management

Photo of current OFG members 2019-2020

Osprey Financial Group (2019-2020): Top (left to right): Dr. Sean Davis, Austin Bush, Alexander Gaus, Austin Logothetis, Thomas Psaras, Chase Smith, Brendan D Souza. Bottom (left to right): Shaan Sood, Dylan Hubiak, Jessi Xia, Leon Weber, Nicholas Hoover

 

"As the group of students selected to manage the UNF Student Managed Investment Fund, we have been chosen as leaders to set the standards for the future. For now, we are owners in the vision and fiduciary responsibility of this program. Not only do we have the opportunity to operate as a professional investment firm, but we also represent the excellent quality of the UNF Coggin College of Business. It is a privilege that we must accept with the utmost in humility and professionalism. It is within this spirit that we share the vision to develop a program that will enhance our professional development, increase recognition for the quality of the UNF Coggin College of Business, and ultimately add value to our community."

 

Oversight

Dr. Sean DavisAssociate Professor of Accounting & Finance - UNF

 

 

Officer Position Descriptions Accountant The Accountant maintains the official books for OFG, prepares month-end and quarter-end reports, and records each of the transactions and other financial activities of the Fund.  In addition, the OFG Accountant works closely with the Accountants of the UNF Foundation in auditing and liaison capacities.  Alumni Relations Director The Alumni Relations Director is responsible for communication with past OFG alumni updating on performance, employment and anything interesting related to OFG.  Includes planning of alumni networking socials. Economic Strategists (5 different Economists: North America, Latin America, Asia, Europe, Africa/Oceania) Each Strategist in OFG specializes in a different geographic sector; North America, Europe, Latin America, Asia or Africa/Oceania.  They work with the Sector Analysts to establish the degree of international diversification and provide weekly updates of their respective region’s economic condition.  The Chief Economist covers the North American economy, tracks short-term and long-term interest rates and coordinates the economic reports generated by the team.  The Economists, most notably the one covering North America, also make recommendations about relative weightings between equity and fixed income allocations.  The other Economists make recommendations about the degree of equity exposure in their respective geographic sector.    Commodities Briefing Officer The Commodities Briefing Officer is responsible for preparing weekly reports on the state of the various important commodities and currencies, such as oil, precious metals, agricultural commodities, etc. Operations Manager The Operations Manager is responsible for preparing and distributing the Minutes of each meeting.  This position also requires for the maintenance of the Canvas site.  The Operations Managers also maintains the physical facilities under the control of OFG. Statistician

The Statistician compiles continuous descriptive statistical information about the Fund that the team integrates into the management of the portfolio.  These measures include various return calculations, individual and portfolio betas, individual and portfolio P/E ratios, asset and sector allocations, value/growth and market capitalization exposures, and comparative performance measures.  Statistician will also be trained in the Black Diamond Advent Performance Software.

 

Technician The Technician provides a technical opinion about every new security presented by the Analysts, in order to provide additional insight into the timing of transactions.  The process involves the examination of past price movements in order to forecast future price movements.  In addition, the Technician provides technical updates on existing positions as conditions and expectations change.  In managing the portfolio, all of the Analysts integrate both fundamental and technical information into the decision-making process.  Recommendations of entry and exit strategies, essential for an actively managed portfolio, are also part of the responsibilities. Photographer Responsible for documenting special events and speakers for the website and the Annual Report. Political Analyst This is part of the North American Economic Strategist assignment.  Covers elections, regulations, deliberations by Congress and the Federal Reserve, and any other political events or issues that can impact on the value of the Fund. Special Projects Coordinator The responsibility of the Special Projects Coordinator is to handle a wide range of issues that may arise throughout the year which are pertinent to the operation of OFG.  During this year, the Special Projects Coordinator may maintain the updating of the OFG Playbook for the use of future OFG members, and anything else that may emerge.
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Portfolio

2009-2010 Annual report available in April 2010

 

Our objective is to manage holdings within the following balanced portfolio:

 

S&P 500 Index (.60) + MSCI EAFE (0.10) + Barclays Aggregate Bond (.30)

 

Monthly & Annual reports
2002-03 2003-04 2004-05 2005-06 2006-07 2009-2010
4th Quarter 2002 Report August 2003 4th Quarter 2004 Report Annual Report Annual Report Annual Report
October 2002 September 2003 October 2004   4th Quarter 2006 Report  
November 2002 October 2003 November 2004   November 2006  
December 2002 November 2003 December 2004      
January 2003 December 2003        
February 2003 January 2004        
March 2003 February 2004        

Resources

The Energy Authority Center for Portfolio Management

Thanks to a generous donation by The Energy Authority, the Student Managed Investment Fund is making improvements to a trading room within the Coggin College of Business. The trading room, named The Energy Authority Center for Portfolio Management, includes trading desks, a Bloomberg terminal and gives students access to the same technology and data as professional funds managers. 

TEA logo

Information subscription

www.investors.com
www.wsj.com
www.morningstar.com
www.briefing.com
www.bloomberg.com

Osprey Finance Groups

Past Teams

2018-2019 Team

OFG Photo 18-19 Dr. Reinhold Lamb, Andy Claudio, Andre Talavera, Rian Bahr, Christian Smithson, Santiago Escobar, Harley Horsley. 
Top row left to right

Kevin Cisneros, Dawn Danahoo, Phinehas Livingstone

Bottom row left to right


2016-2017 Team

OFG 2016-2017 Professional Group Photo Michael Noesen, Christopher Henderson, Tarek Kishek, Fred Kindelsperger, Rodney Mackey, Daniel Fetahovic, Christian Gist, Michael Tron, Dr. Reinhold Lamb  
Top row left to right

Mark Brown, MaryRuth Murray, Natalie Logan, Ramon Medina

Bottom row left to right

2015-2016 Team

Coming Soon...

2014-2015 Team

Coming Soon...

2013-2014 Team

OFG 2013-2014 Professional Group Photo Dr. Reinhold Lamb, Patrick Finnigan, Raymond Gonzalez, Harrison Phillips, Michael Krebs, Jacob Carlson, Jorge Navarrete
Top row left to right

Barton Knapp, Michael Swartz, Austin Jacobson, Aaron Fitzpatrick 

Bottom row left to right

2012-2013 Team

Coming soon...

2011-2012 Team

Coming soon...

2010-2011 Team

Coming soon...

2009-2010 Team

OFG 2009-2010 Professional Group Photo Dr. Reinhold Lamb, Mike Zaccardi, Al Clawson, Disston Moore, Scott Schimmel, Dean Brown, Cory Black
Top row from left to right

Cassandra Smalley, Herman Klinger, David Leighton, Claudina Tesouro
Bottom row from left to right  
 

2008-2009 Team

OFG 2008-2009 Professional Group Photo Olga Prosvirkina, Dr. Reinhold Lamb, Alex Kellison, John Naugle, Mike Tyler, Max Shoemaker, Maggie Barnes, Brian Moore    
Top row left to right

Sebastian Naim, Marla Castin, Alex Caraballo, Milena Spasova 

Bottom row left to right

2007-2008 Team

OFG 2007-2008 Professional Group Photo

Dr. Reinhold Lamb, Justin Pikulski, Troy Alexander, Chris Miller, Casey Ayers, Henry Thorpe, Robert Urban, Kevin Galke

Top row left to right


Luke Posson, Jayme Woods, Katie Gampietro, Brett McMillan 

Bottom row left to right

2006-2007 Team

OFG 2006-2007 Professional Group Photo

Dr. Reinhold Lamb, Stephen Whitley, Robert Waterman, Russell Anderson, Ross Fredenhagen, Keith Amirault, Benjamin Franklin, George Cook

Top row from left to right

 

Maria Nykyforovych, Shannon Coles, Tanya Johnson-Coomes

Bottom row from left to right

2005-2006 Team

OFG 2005-2006 Professional Group Photo

Dr. Reinhold Lamb, Ioan Corabenciov, Mark Clayton, Jose Rodriguez, Sean Danahy, Andrew Helm, Christopher Mele, Sanjay Kurahatti, Jim Andrews, Ashish Athavale, Trevor Canali
Top row from left to right


Amanda Brzoska, Eliza Ziegler, Emily Dunham

Bottom row from left to right

2004-2005 Team

OFG 2004-2005 Professional Group Photo

Dr. Reinhold Lamb, Benjamin Huwer, Daniel Johnson, Alan Hartley, Timothy Giles, John Mitsis, Lee Santos, Cesar Perez

Top row from left to right


Xavier Foussereau, Patricia Tharpe, Claudia Warner, Jose Hernandez

Bottom row from left to right

2003-2004 Team

OFG 2003-2004 Professional Group Photo

Dr. Reinhold Lamb, Marc Renz, RichardFretz, Jeff Coy, Liridon Gila, Adam Skinner, Eugene Collett
Top row from left to right


Thomas Miho, Lisa Humphrey, Muris Demorovic

Bottom row from left to right

2002-2003 Team

OFG 2002-2003 Professional Group Photo

Shawn Magill, Jaime Calzada, Ron Tenhagen, Jason Todd, Mark Baniewicz, Jeff Scherer, Brandon Marsden, Alex Vugman, Brian Moore
Top row from left to right


Brian Stewart, Karen Greene, Lauren Messmer, Dr. Reinhold Lamb

Bottom row from left to right

Contact Us

 

Coggin College of Business
Department of Accounting & Finance 

University of North Florida
4567 Saint Johns Bluff Rd S.
Jacksonville, FL 32224

Phone: (904) 620-1676
Fax: (904) 620-3861
e-mail: rlamb@unf.edu