The Student Investment Group, informally called the SIG, exists to offer students and SIG members the opportunity to experience investing, receive education on investment related topics, and to empower them academically and professionally to achieve their desired financial goals. The fund has grown from an initial value of $285,000 USD in 2007 to its current market value of approximately $460,000 as of October 2014. The goal of the SIG is to grow its portfolio to more than $1,000,000, at which point the fund can be used to provide scholarships for UNT students.
The SIG was created with a gift in 2002 from Colonel Guy M. Cloud, Jr. that endowed the Student-Managed Investment Fund (SMIF) and a Student Scholarship Program at the University of North Texas. The gift consisted of a Universal Life Contract and a Life Annuity Contract. By the end of 2007, the Universal Life Contract was liquidated to provide a source of funding for equity purchases based upon the SIG’s portfolio management procedures.
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