The Babson College Fund (BCF) is an accredited course in which specially selected undergraduate and graduate students manage $5 million of the Babson College endowment. The program is for highly self-motivated individuals with a strong interest in finance and investments. Participation requires a two-semester commitment.
The program seeks to provide a rich educational experience through the development of investment research skills and the acquisition of portfolio management experience. These skills and experience are highly valued by employers in the investment industry.
Recent BCF managers have secured employment as investment professionals at the following firms:
The investment objective of the Babson College Fund is to outperform the S&P 500 Index. Managers conduct extensive fundamental and quantitative research to identify stocks that are attractively priced at their current market value. Selected stocks are then combined in a diversified portfolio. The managers monitor the fund's performance and sources of risk, aiming to keep risk and tracking error within allowable bounds. Managers budget the allowable risk to the active positions expected to add the most value.
The sector teams are responsible for one or more of the Global Industry Classification System (GICS) sectors. The sectors are grouped as follows:
2023 Calendar Year Performance:
Babson College Fund Portfolio: 32.38%
S&P 500 Index: 26.29%
Top 3 Contributors to Relative Performance:
2022 Calendar Year Performance:
Babson College Fund Portfolio: -23.3%
S&P 500 Index: -18.1%
Top 3 Contributors to Relative Performance:
2021 Performance:
Babson College Fund Portfolio: 27.2%
S&P 500 Index: 28.7%
Top 3 Contributors to Relative Performance:
2020 Performance:
Babson College Fund Portfolio: 28%
S&P 500 Index: 18%
Top 3 Contributors to Relative Performance:
Eligible Students
You can watch Director Patrick Gregory, CFA's overview of the BCF program here.
Review our Frequently Asked Questions to clarify any questions about the application process. Please email Leslie Romiza, Cutler Center Program Manager with any questions about the program or application process.
BCF Spring 2024 Application Packet
All materials are due by MIDNIGHT on Wednesday, March 6, 2024. Interviews will take place the week of March 25, 2024, and decisions will be communicated in early/mid-April 2024.
Our current Babson College Fund Managers are self-motivated students with a demonstrated interest in investments, and a willingness to dedicate the requisite time and effort needed to succeed.
Shane Kelly
Said Mukhitdinov
Aaron Majchel
Khadija Khan
Anushka Balaraj
Daniel Klatt
Nana Adwoa Agyemang Sereboo
Oleksandra Mukha
Juliette Moschella
Griffin Martin
Nina Jittungtrong
Emily Truszkowski
Raffaello Aquino
Mpho Montsho
Aryan Goyanka
Charlotte Chen
Sarah Glinkski
Thames Tangitvet
Ian Cass
Our faculty advisors and Executives in Residence are industry professionals who generously volunteer their time and energy to enrich the educational experience for the students through mentorship.
Pratima is a retired fund manager with experience at Fidelity Investments as Director of Research and member of an equity team managing assets of high net-worth families and charitable entities.
Aditya is a former Consumer analyst for the Babson College Fund. He has experience in private equity, with expertise in evaluating and modeling investment opportunities across a variety of industries as part of the Direct Investment team at HarbourVest.
Matt is a former Executive Portfolio Manager of the Babson College Fund. His professional career has been spent in several roles at Fidelity Investments, most recently as an Investment Data Analyst for Strategic Advisers.
Lucas is a former Quant analyst for the Babson College Fund. Lucas founded Geeks in the Woods and its startup venture studio with his twin brother. He focuses on understanding the patterns and key components of building SaaS companies that achieve both rapid growth and sustainability.
Jack has over 30 years of experience in managing, budgeting, evaluating, and utilizing information products, market data services, and third-party research services for investment management, banking, and consulting enterprises.
Edward has over twenty years of experience in equity research and portfolio management. He currently manages The Colony Group’s Small Cap, International Developed, and Emerging Market strategies. In his prior role at Eaton Vance, he conducted fundamental research on European and Japanese equities across all sectors with a focus on financials and technology.
Richard co-manages the firm’s internally managed fundamental equity strategies and heads the firm’s equity research efforts. His prior equity research experience includes sell-side research within the technology sector, and buy-side research covering technology, energy, industrials, materials, and utilities, and managing a technology sector fund.
Patrick Gregory, CFA is the Managing Director of the Stephen D. Cutler Center for Investments and Finance, the Director of the Babson College Fund, and a Senior Lecturer in the Finance Division at Babson College. Before joining the faculty, Patrick was an institutional portfolio manager at FM Global from 2007-2015, where he managed the Healthcare, Internet, and Telecom sectors of a $6 billion equity portfolio. He was also responsible for the evaluation, selection, and ongoing evaluation of third-party investment managers.
John was a mutual fund manager at Fidelity Investments for many years, spending much of his career managing the firm’s international funds. He then launched an international long/short hedge fund that he later sold in 2007.
Colleen has over ten years of experience in the finance industry, having spent time at Brown Brothers & Harriman and Eaton Vance prior to her current role as Director of Research and Portfolio Manager at Penobscot Investment Management Company.
George is a former Materials/Energy analyst for the Babson College Fund. While at Babson, George launched Ellisville Harbour Partners, a global, concentrated strategy investing in companies with emerging technologies in frontier markets.
Jim has over 25 years of experience in investment management with expertise covering specialty chemicals. He is the former CIO of Cambridge Trust Company. Institutional Investor Magazine named Jim a member of its All-American Research Team for eight years.
Holland has extensive experience as a research analyst and portfolio manager for long/short equity funds, with expertise in technology, energy, and natural resource sectors.
Throughout the semester, alumni and industry professionals are welcomed into the classroom to share their insights and experiences within the investment management space.
Mohnish Pabrai is the managing partner of Pabrai Investment Funds which he started in 1999 with $1 million. The company has ballooned to $469 million due to its Munger/Buffett-focused value investing style. He is now extensively involved in philanthropy with the Dakshana Foundation where he provides educational opportunities for gifted but underprivileged children worldwide.
Dave Lundgren is a 30-year investment industry veteran focused on technical analysis strategies, particularly momentum and trend following. He has held both analyst and portfolio manager positions at several major investment firms, including Wellington Management, Fidelity Investments, and Thomson Financial. In addition, David has started several research and investment firms, including Lundgren Financial Services, Breakaway Research, and hedge fund Lyceum Capital.
Dennis Hong started his own hedge fund right out of business school and has grown his fund to over $500 million assets under management. He’s also seen superior returns investing in global technology companies.
Patrick Gregory, senior lecturer and managing director of the Stephen D. Cutler Center for Investments and Finance, uses his experience working in the finance industry and in the classroom to create a more dynamic student experience.
As part of the Babson College Fund, students commit two semesters to develop their investment research skills while managing a portion of the College's endowment. While presenting a stock pitch in class is common, pitching to legendary investor Peter Lynch is a rare opportunity.
In 2020, the Babson College Fund produced a 28% return on investment, outperforming the S&P by 1,059 basis points. Based on Morningstar data, the students' performance would place in the 99th percentile of large-cap blend managers.
In February 2021, Babson’s Board of Trustees voted to integrate ESG (environmental, social, and governance) factors—a growing form of investing that essentially takes a broader view of a company beyond just its profitability—while making investment decisions for its endowment.
Financial support of the Babson College Fund is critical and allows us to provide students with a unique opportunity to learn, build valuable skills, and lead outside of the classroom from industry professionals.
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