The Phoenician Investment Fund (PIF) is a Florida International University (FIU) student-run initiative dedicated to further educating its members in the language of finance and investing. Members are actively involved in simulation-based finance and investment activities ranging from equity research, portfolio management, securities trading, and asset valuation, among others activities
Distinct from other FIU organizations, the Phoenician Investment Fund provides its members an opportunity to gain relevant experience through the practical application of financial and investment knowledge. PIF’s primary objective is to significantly heighten members’ chances of obtaining internships and full-time positions in Wall Street-like career tracks such as equity research, sales & trading, asset management, investment banking, and private equity.
The Phoenician Investment Fund (PIF) aspires to be FIU’s premier “hands-on” finance organization. Allowing members to specialize in a finance career track and to gain relevant experience through the practical application of financial and investment knowledge, PIF will always strive to significantly heighten members’ chances of obtaining internships and full-time positions.
- Our Organization
In order to understand the unique characteristics and requirements of every finance career, PIF brings together the most competitive sectors of the finance industry into one umbrella organization. PIF accomplishes this by dividing its operations into 3 divisions: the Research Division, the Investment Banking Division, and the Trading Desk. Each division functions both independently and interdependently.
The Research Division (RD) serves as PIF’s ‘think tank’ as well as an entry point for new members. RD is responsible for understanding the inner workings and drivers of a firm’s operations. RD analysts will thoroughly analyze SEC filings and current news to create comprehensive research presentations. Research includes analyzing business operations, understanding profit drivers, analyzing financial statements, and determining intrinsic values. RD holds mandatory meetings every week (date will be announced).
Investment Banking Division
The Investment Banking Division (IB) serves as the PIF’s stronghold for valuation. IB is responsible for valuing companies by placing prices on their stock, using several valuation methodologies such as ‘DCF’s and ‘trading comps’. IB constructs complex financial excel models to supplement valuations. In addition, the division analyzes the current mergers & acquisitions market. IB holds mandatory meetings every week (date will be announced).
The Trading Desk (TD) serves as the PIF'’s gauge for market sentiment. TD is responsible for analyzing current market trends, swing trading, portfolio & risk management, and ‘staying on top’ of the markets. TD uses technical analysis and develops trading philosophies as a means to both measure momentum & volatility and to construct short-term trading strategies. TD holds mandatory meetings every week (date will be announced).
All executive board roles and responsibilities are outlined in the Phoenician Investment Fund’s constitution. All executive board positions may be assumed by any Junior or Senior Level members, except for the role of the President. The Presidency may only be assumed by a Senior Level member. In addition, only the Junior and Senior Level members may vote for officers.
The President assumes full accountability for the organization’s operational effectiveness and for the achievement of the Group’s goals as set out in the constitution. He/she also assumes full responsibility for the positive functionality of the executive board. The Executive Vice President assists the President and serves as second in command. He/she also assumes full accountability for an effective educational curriculum and assurance of learning. Finally, the Executive Vice President constructs effective implementation strategies for new proposals pertaining to educational functionality including, but not limited to, assignments, presentations, textbook utilization, and case competitions. The Secretary assists the President and Executive Vice President, as well as assumes full responsibility of information coordination and dissemination
The Vice President of Operations assumes full accountability of all marketing and membership functions. He/she constructs and implements marketing strategies of the Group for brand management and membership expansion. The Vice President of Finance assumes full accountability of financial operations and reporting. In addition, the he/she oversees, manages, and reports the Group’s non-portfolio assets, liabilities, and budget based on the preferences of the executive board. Finally he/she administers all fund raising activities of the Group including, but not limited to, collecting dues.
The Vice President of External Relations manages the relationship between Council for Student Organizations (CSO), and the Group. He/she also assists the President in maintaining relationships with all FIU and non-FIU related-entities. The Portfolio Manager assumes full accountability for the success of the Group’s portfolio, manages the Portfolio according to the objectives and policies outlined in the guiding documents of the Constitution, reports all portfolio activities and transactions to the executive board, and analyzes reports from all analysts to make informed decisions regarding current Portfolio holdings.
Last Updated (Tuesday, 11 September 2012 23:10)