It's offered as a limited-enrollment [1] year-round experiential learning course to top tier undergraduate students from the Robert H. Smith School of Business at the University of Maryland (UMD).
[1][3][4] Since founding in 2006, even after annual distributions the Lemma Senbet Fund has grown 18-fold from $50,000 [1] to $1.8 Million (fiscal year ended Dec 31, 2022).
Each sector analyst pitches approximately 4 stocks per year, and must persuade all 12 members (not just a majority) of the investment team to buy.
The long-term performance goal of the Lemma Senbet Fund is to outpace appreciation of the S&P 500 Index on a risk-adjusted basis.
Historically, the fund has adopted a top-down investment approach that is driven by Economic indicators, then Industry trends, and finally individual Company performance (EIC).