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Louisa Serene Schneider '06, Glenn Hubbard, Thomas Russo and Bruce Greenwald at the official inception of the 5x5x5 Student Portfolio Fund.
5x5x5 Student Portfolio Fund
We are delighted to announce the launch of 5x5x5, Columbia Business School’s student-run value investing fund which holds positions in Qualcomm (QCOM), CDK Global (CDK), John Deere (DE), Cummins (CMI), The Weir Group (WEIR), Axalta Coating Systems (AXTA), MasterCard Inc. (MA), Moody's Corporation (MCO), O'Reilly Automotive Inc. (ORLY) and Rolls Royce (RR). Ideas for the investment portfolio were submitted by students in the Value Investing course taught by Bruce Greenwald and Tano Santos and ultimately selected by the Investment Board comprising Tom Russo, partner of Gardner Russo & Gardner LLC, Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management and co-director of the Heilbrunn Center and recent Value Investing Program alumni: Juliana Bogoricin ’15, Mike Guichon ’15, Andrew Lubeck ’15, James Leo ’15, and Daniel Seifert ’15.
The 2016 5x5x5 Fund Board will be comprised of those students whose positions were selected in 2015 and 2016 including:
Damian Creber ’16 (AXTA)
Mallory Downing ’15 (CMI)
Patrick Enriquez Fisher ’15 (DE)
Lauren Harmon '16 (RR)
Derek Johnson '16 (ORLY)
Oystein Kvaerner ’15 (WEIR)
Michael O'Byrne '16 (MA)
Richard Taddonio ’15 (QCOM)
Brian Waterhouse ’15 (CDK)
Chris White '16 (MCO)
The 2016 5x5x5 Board will also include Tom Russo, Bruce Greenwald, and Meredith Trivedi.
This innovative fund was made possible by a generous gift given by Tom Russo and his wife Georgina. The Russo’s gift affords students the invaluable opportunity to connect value-oriented investment theories to real world practice as they apply their classroom learning to the management of this fund. At the end of five years, the original amount, accounting for inflation, will be invested back into the 5x5x5 Fund and the remainder of any gains will be used to support current-use scholarships for students interested in investment management. As alumni, program students will remain active managers of the 5x5x5 Fund, continuing their support of, and connection to, the Heilbrunn Center and Columbia Business School.
Louisa Serene Schneider '06, former senior director of the Heilbrunn Center, interviews Tom Russo regarding the 5x5x5 Fund. Read their conversation here.