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Gain Hands-on Portfolio Management Skills

Babson College Fund

The Babson College Fund (BCF) is an accredited course in which specially selected students from both the undergraduate and graduate schools to 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 investments industry.


 

Program Objectives

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:

  • Quantitative/Risk Management
  • Consumer Staples
  • Consumer Discretionary
  • Financials/REITs
  • Healthcare
  • Energy/Basic Materials
  • Information Technology
  • Communication Services 
  • Industrials

Apply Now - Fall 2021 Recruiting Cycle 

Eligible Students

  • A minimum commitment of two semesters is required. The new managers will serve from January 2022 - December 2022.
  • MBA and MSF students must have completed FIN-7503 (Equities) or plan to take it concurrently during the first semester of their BCF year.
  • Undergraduate students must have completed FIN3520 (Security Valuation) or Investments (FIN4530).
  • Students must hold a GPA of 2.9 or above and be in good academic standing.

Program Overview

Watch an overview of the BCF program from Program Director Patrick Gregory, CFA. Have more questions? Join Patrick Gregory on Thursday, October 14 from 1:00 - 2:00 pm via Zoom for an info session about BCF. 

Frequently Asked Questions

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 Fall 2021 Application Packet

All materials are due at MIDNIGHT on Thursday, November 4, 2021. Interviews will take place the week of November 15, 2021. 


 

Student Managers

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.

Fall 2021

Executive Portfolio Managers

Paurav Barot

Quant Managers

Lucas Brown
Parth Pusegaonkar

Consumer Team

Aditya Agarwal
Hampton Boyd
Peter D'Ambrosio
Aaron Alden

Financials/Real Estate Team

Shuyu (Teresa) Wang
Andre Henson-Schnee
Wills Hetzel
Caleb Giess

Healthcare Team

Chris Coutsoukis
Sarah Daume
Sophia Knopp

Materials/Energy Team

Gabriel Papa
Thawin (Marc) Chongkavinit
Pavan Anandani
Ryan Watts

Information Technology Team

Tingzi (Michaela) Zhang
Justin Aaron 
Ayussh Ahuja
Corey O'Neill 

Communications Services Team

Sajjan Desai
Burton Gesner
Bridget Handley
Joyce Wang

Industrials Team

Nick Martinez  
Nathan Watts

Faculty, Advisors, and Mentors

Our faculty, advisors, and mentors are industry professionals who generously volunteer their time and energy to enrich the educational experience for the students through mentorship.

Pratima Abichandani

Retired Mutual Fund Manager

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.

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Matt Apkarian MBA'20

Senior Analyst, Product Development at Cerulli Associates

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.

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Paurav Barot MSF’20

Analyst, Ellisville Harbour Partners

Paurav is a former Materials/Energy analyst for the Babson College Fund. He has experience as a research analyst specializing in Renewable energy and Basic materials. Paurav currently works as an analyst in the research division of Ellisville Harbour Partners.


Brittany Bascom MBA'16

Global Head of Investment Analysis, John Hancock

Brittany has experience in investment product development, asset manager selection, and investment oversight of performance and risk across retail, institutional, and retirement business globally at John Hancock.


Jack Cahill

Retired Manager, Research and Instruction

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.

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Lilia Chobanova MSF'18

Investment Strategy Analyst, Wellington Management

Lilia is a former member of the Quant team and was Executive Portfolio Manager of the Babson College Fund. Lilia has several years of experience in Asset Management, currently an Investment Strategy Analyst at Wellington Management.


Hugh Crowther

Principal, Crowther Investment

Hugh has deep knowledge of global multi-asset class research techniques with expertise in quantitative research, building and managing portfolios, and investment technologies.  He is a member of the CFA Society Boston’s Board of Directors.

BCF EiR

Richard Grasfeder, CFA, MBA’05

Managing Director, Senior Portfolio Manager, Boston Private Wealth, an SVB company

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. 

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Patrick Gregory, CFA

Finance Faculty Managing Director, Stephen D. Cutler Center for Investments and Finance Faculty Director, Babson College Fund (BCF)

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 Hickling, CFA

Retired Hedge Fund Manager

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. 


Adam Liebhoff

VP, Investment Analysis, FM Global

Adam has 20 years of experience in asset management/ownership as a research analyst, client-facing portfolio manager, and allocator across a $16.5B portfolio of global equities, fixed income, and absolute return investments.

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George Massey MBA’20, MSF’21

Managing Member, Ellisville Harbour Partners

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.

 

Peter Saperstone

Managing Director, Private Equity, Fidelity Investments

Pete currently oversees all consumer private equity investing for Fidelity’s public mutual funds. Previously, Pete has managed or co-managed Fidelity’s VIP Contrafund, Fifty Fund, and Advisor Mid Cap Fund.


James Spencer, CFA '73

Former CIO, Cambridge Trust Co.

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 Ward

Retired Hedge Fund Manager

Holland has extensive experience as a research analyst and portfolio management for long/short equity funds, with expertise in technology, energy, and natural resource sectors. 


 

BCF in Babson Thought & Action  

Investment Advice from Students with the Babson College Fund

In 2020, the Babson College Fund produced a 28% return on investment, outperforming the S&P 500 by 1,059 basis points. Based on Morningstar data, the students’ performance would place in the 99th percentile of large-cap blend managers.

Read the BT&A article »

Learning the Art of a Stock Pitch

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.

Read the BT&A article »

Class Guest Speakers 

Mohnish Pabrai, Managing Partner, Pabran Investment Funds

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. 

Watch Video »

Dave Lundgren, CMT, CFA, Private Investor 

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.

Watch Video »

Dennis Hong, CEO, ShawSpring Partners

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. 

Watch Video »

BCF support us

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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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