The fund, approved this summer by the McMurry Board of Trustees, will allocate the $1 million from the McMurry endowment which will be managed by students enrolled in two special finance classes taught by Robert Kuzma and Jared Reynolds.
McMurry faculty and representatives say that for a school the size of McMurry, having a program of this nature, and having such a large fund for student's to control is highly unuslal.
However, they believe this will give business students an edge as they can apply what they have learned to real-life funds, and the students have to take responsibility for any gains or losses.
During the first half of the semester, students will research various economic sectors such as technology, health care, consumer goods, as prospective purchases and then make a presentation to the class.
The class will then vote on which areas and companies to invest in for that semester. After making the investments through a national investment firm, the students will then be responsible for monitoring and building the fund.
The students also will be responsible for reporting their progress to the Board on a regular basis.