- Class Number 3137
- Term Code 3130
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Dr Anna von Reibnitz
- AsPr Geoff Warren
- Class Dates
- Class Start Date 22/02/2021
- Class End Date 28/05/2021
- Census Date 31/03/2021
- Last Date to Enrol 01/03/2021
Students in this course will be responsible for the management of the Student Managed Fund (SMF), under the guidance of course convenors. The primary task of students will be to make investment recommendations to be reviewed and endorsed by an Investment Advisory Committee that includes industry practitioners and ANU staff. Another key role of students enrolled in the course is to undertake management roles and be responsible for the day-to-day functions typical of a managed fund. An SMF Charter and Governance Structure sets out the policies and procedures under which the SMF operates.
Admission to the course will be restricted to those students who have completed the Student Managed Fund Course with a grade of at least a credit. To ensure continuity, students enrolled in the Student Managed Fund Extension course will adopt senior managerial and decision-making roles; and will be responsible for training the students enrolled in the Student Managed Fund course. Students learning occurs through being responsible for managing the SMF and its activities, and undertaking research in order to formulate investment recommendations and design investment processes. The course is essentially an advanced form of activity-based learning, where teaching staff provide direction and support through workshops and consultations rather than formal lectures.
Upon successful completion, students will have the knowledge and skills to:
- Apply and communicate the process of managing money in pursuit of investment objectives;
- Describe in detail the manner in which the fund management industry operates;
- Communicate and advocate in detail recommendations for action in an applied setting; and
- Operate in a team environment, including supervising and mentoring of students.
Students undertaking this course will gain deep activity based learning by engaging in the management of a fund. In doing so, the course will draw on recent concepts, issues and practical information on investment management from various sources, including a wide range of industry research publications. Students are required to read and understand these materials and apply their understanding to activities including: formulating investment recommendations, monitoring and managing fund risk and reporting performance.
Course readings will be provided to students via email and other SMF communication platforms, including Sharepoint. Readings will come from a range of sources, including journal and industry articles and websites.
Students will primarily be given feedback in the form of verbal and written comments.
ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.
Any student identified, either during the current semester or in retrospect, as having used ghost writing services will be investigated under the University’s Academic Misconduct Rule.
|Week/Session||Summary of Activities||Assessment|
|1||The start of the semester will focus on an introduction and overview, initial governance matters and the formation of an agenda for the remainder of the semester. The course schedule will be determined as the semester progresses, with the agenda decided through a collaborative process between the Convenors and the Chief Investment Officer (CIO), with input from all students enrolled in the course. While the course will primarily be delivered live through scheduled (and recorded) Zoom sessions, occasional in person gatherings are anticipated to be held during the semester. Aims for the semester include, but are not limited to, the following: CIO: Lead the student team Sign off on investment processes Manage the decision-making protocols Set agenda for Student Managed Fund (SMF) Team meetings (with Convenors) Propose recommendations for presenting to the Investment Advisory Committee (IAC) Attend IAC meetings - provide background, updates Asset Allocation (AA) team: Maintain and implement AA investment process Ongoing review of ETFs used by fund (for SRI Policy) Preparation of reports, including for presentation to the IAC Active Australian Equities (AAE) team: Maintain and implement AAE investment process Identify and research candidate stock recommendations Preparation of reports on companies and the equity portfolio, including for presentation to the IAC Risk and Compliance (R&C) team: Risk management and compliance process and related reports; working with Fund Convenor and teams Areas to cover include: Risk evaluation (with regard to fund objectives, in particular investment and reputation risk) Monitoring vs policy (portfolio constraints, Socially Responsible Investing, etc) Performance measurement and attribution Meeting reporting requirements (see Charter & Governance Structure) Relationship team: Communication of SMF activities to external parties, including maintenance of external communication platforms, e.g. SMF website, social media platforms Preparation of selected reports and records, especially mid-semester and end-semester reports||As detailed in the "Assessment Tasks" section, Assessment item 1 is due in week 12 (28 May), and Assessment items 2 and 3 are due on June 2.|
A schedule for sub-team meetings will be discussed in Week 1.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Holistic Convenor assessment||30 %||28/05/2021||*||1,2,3,4|
|Student Portfolio||40 %||02/06/2021||*||1,2,3,4|
|Student peer review||30 %||02/06/2021||*||1,2,3,4|
|Verbal feedback (0% weighting)||0 %||26/03/2021||26/03/2021||1,2,3,4|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:
- Student Assessment (Coursework) Policy and Procedure
- Special Assessment Consideration Policy and General Information
- Student Surveys and Evaluations
- Deferred Examinations
- Student Complaint Resolution Policy and Procedure
The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the Academic Integrity . In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.
Moderation of Assessment
Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.
The course will primarily be delivered live through scheduled Zoom sessions, with the recordings distributed via email following the meetings. In person gatherings with be held on campus, in a dual-delivery venue.
Assessment Task 1
Learning Outcomes: 1,2,3,4
Holistic Convenor assessment
Assessment tasks will differ depending on the role of each student within the fund. It is expected that students will undertake oral presentations, submit reports and participate in weekly meetings.
The marks for the course will be based on the contribution made in working towards the SMF objectives as set out in the Charter and Governance Structure, as well as acting in accordance with the SMF key values. 70% of the mark will be determined by the Course Convenor, with input from the Fund Convenor and external members of the Investment Advisory Committee where appropriate. This 70% is broken down into two components, a holistic Convenor assessment (30%) and a student portfolio (40%). The remaining 30% of the mark will be driven by fellow students via a student peer review.
Details of Assessment Task 1 - Holistic convenor assessment
- 30% of the student's overall mark for the course will be derived from a holistic assessment of the contribution made in working towards the SMF objectives during the semester, as set out in the Charter and Governance Structure (CGS), and the SMF key values.
Individual students’ assessment schemes will be negotiated with the Convener. Examples of items considered in determining the holistic convenor grade include:
- Evidence of diligently embracing and working towards the five key values
- Quality and relevance of work items submitted to convenors for comment, or presented to the IAC or SMF team.
- Contributions that benefit the fund outside of the student’s particular brief
- Contributions to the discussion in team meetings: their relevance, and the manner in which they are done
- Meeting attendance: failure to turn up on time or send apologies can negatively impact grade
- Evidence of working well within the overall team and sub-team, such as offering comments on the work of other team members and displaying a willingness to help out others
- If a student is in the senior cohort (FINM3010/6010): showing leadership, and mentoring of junior members
- If a student is in the junior cohort (FINM3009/6009): stepping up and showing initiative, for example putting forward new ideas or asking clarification questions, and supporting the senior cohort in achieving team tasks
Assessment Task 2
Learning Outcomes: 1,2,3,4
Details of Assessment Task 2 - Student Portfolio
- 40% of the student's overall mark for the course will be derived from a student portfolio, in which students are required to submit evidence of their contribution towards advancing the Fund’s objectives over the semester. The portfolio comprises:
- a list of key tasks completed over the semester
- a reflective summary, outlining the scope of work undertaken and how they have contributed to the SMF key values.
- any key analysis, models or documents, as examples of work undertaken
- Further details will be provided by no later than the end of week 2.
Assessment Task 3
Learning Outcomes: 1,2,3,4
Student peer review
Details of Assessment Task 3 - Student peer review
- 30% of the student's overall mark for the course will be determined by fellow students, via an anonymous peer review based on how the student has contributed to the pursuit of fund objectives and the SMF key values. Further details will be provided by no later than the end of week 2.
Assessment Task 4
Learning Outcomes: 1,2,3,4
Verbal feedback (0% weighting)
Verbal feedback will be provided to each student by the Convenors on an ongoing basis, with all students to receive feedback before the end of week 6.
It is recommended that students seek additional feedback from the Convenors as relevant to each student on an ongoing basis, in order to ensure they are meeting the learning outcomes as required.
Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.
The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.
The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.
You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.
For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.
No submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded.
Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.
Extensions and Penalties
Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.
Distribution of grades policy
Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.
Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.
Support for students
The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).
- ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
- ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
- ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
- ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
- ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
- ANUSA supports and represents undergraduate and ANU College students
- PARSA supports and represents postgraduate and research students
Funds management; market efficiency; asset pricing
Dr Anna von Reibnitz
AsPr Geoff Warren