The Dragon Fund
The Dragon Fund, LeBow’s student-managed equity portfolio, was started in the fall of 2007 with $250,000. The fund, which specializes in U.S. midcap stocks, has since grown to more than $1.8 million (as of December 2016) due to benchmark-beating performance and additional inflows of $100,000 in March 2011 and $450,000 in June 2013 as authorized by Drexel’s Board of Trustees.
The fund is managed by LeBow undergraduates through two courses, Applied and Advanced Portfolio Management (FIN 341 and FIN 342). In these courses, students team up in sector groups to apply asset allocation and stock selection models to run this real-world equity portfolio. In the process, they also acquire proficiency with financial software used by institutional investors, such as Bloomberg and FactSet, and get exposure to and feedback from senior investment professionals in collaboration with Drexel’s investment office as well as through Drexel’s alumni network.
A substantial proportion of former Dragon Fund class participants have found full-time employment as financial analysts at institutions such as Bank of America/Merrill Lynch, Barclays, BlackRock, Citigroup, Glenmede, Goldman Sachs, JP Morgan, Nomura, PNC Capital Advisors, T. Rowe Price, Turner, and Vanguard.