Founded in 1998, Michigan Interactive Investments (MII) is a highly selective, leading undergraduate investment club at the Stephen M. Ross School of Business. Each year, MII builds an investment portfolio with the goal of educating members about investing through interactive portfolio management. By maintaining a small, dedicated member base of approximately 60 undergraduate students, MII is able to effectively teach members about investing in a variety of equity, fixed income, and derivative securities. MII is unique in that we manage a $20,000 student-run portfolio that is completely funded by our members. As such, we have complete freedom over our investment strategies and asset classes, which include long/short equity, fixed income, and currencies.
History
Michigan Interactive Investments (MII) was founded in 1998 with the objective of learning through hands-on portfolio management. In 2002, MII became an official club of the Ross School of Business; however, membership remained and continues to remain open to any undergraduate student at the University of Michigan. By the mid-2000’s, membership grew to over 300 members. As of the 2008-2009 academic year, MII was one of the largest student run investment clubs in the nation. However, in the fall of 2008, MII underwent a transformation, consolidating membership to sixty passionate and knowledgeable individuals so as to create a stronger, more cohesive club. This new structure continues to provide our members with more interactive meetings and increased member involvement. As our development as a professional organization continues, MII continues to remain committed to providing our members with real world investing experience through interactive portfolio management.
Approach
Michigan Interactive Investments utilizes a multi-faceted investment strategy, involving both fundamental and quantitative analysis, to invest in equities, options, and fixed income instruments. We take a disciplined approach to investing, focused on a medium-term outlook for attractive returns while preserving capital. To that effect, we primarily use a bottom-up approach to source investment ideas, but also implement top-down and quantitative screening strategies to identify opportunities that will outperform our S&P 500 index benchmark. Additionally, we supplement this fundamental approach to investment selection with technical analysis to identify appropriate entry and exit points for our positions.
Michigan's Top Investing Club
The Experience
Innovative Strategies
Recruiting
Team
Merrick Weingarten
UIC Director
Merrick is a junior business student at the University of Michigan studying finance and accounting. Next summer, he will be interning at Guggenheim Partners as an Investment Banking Summer Analyst. In his free time, he enjoys playing hockey and golf and is a huge Detroit sports fan.
Alex Rein is a sophomore studying finance, International Studies and Chinese at the University of Michigan. This past summer, Alex interned at Apollo Global Management in their Distressed Hedge Fund. Next summer, he will be joining Ares Management as a Private Equity Summer Analyst in their Special Situations Fund.