A group of up to 25 students comprise the members of the Student Managed Investment Fund (SMIF). The academic year of 2008-2009 has been spent carefully structuring and designing a program that can help students experience life as security analysts and portfolio managers. Students must apply for the SMIF, and the faculty advisor and investment advisory board select students for the fund. Course requirements include asset allocation decisions, preparing and presenting security research reports, implementing investment decisions, monitoring portfolio performance, compliance with investment guidelines, making decisions regarding portfolio adjustments, record keeping, portfolio performance evaluations, and making presentations to faculty and or clients. The Kirk Lanterman Investment Center is the key component in effectively implementing all activities required in the management of the fund.