Lifestyle

Sass Program To See Brooklyn College Students Run Hedge Fund

Nov 26 2014 | 8:56am ET

They say you learn by doing, so the students at Brooklyn College will learn to run a hedge fund by—you guessed it—running a hedge fund.

The project is the brainchild of hedge fund manager (and Brooklyn College alumnus) Martin D. Sass, founder and chairman of the $6 billion investment manager M.D. Sass, who has established an eponymous investment academy at the Brooklyn College School of Business.

Beginning in the fall of 2015, business students at Brooklyn College will invest in and help manage a portfolio of securities under the supervision of experienced investment managers and security analysts. Like real-world hedge fund managers, participants will be eligible for performance-based rewards to be paid out of fund profits. (Although there is no mention of a management fee.)

“Brooklyn College has opened doors to highly successful careers for many students who, like me, came from humble backgrounds,” said Sass in a statement. “My hope is that the Academy will help keep those doors open for tomorrow’s students by providing them the chance to learn, grow and succeed in a business environment, through hands-on financial and investment experiences, invaluable mentoring and Wall Street connections.”
 
Sass, who began his career with the Wall Street brokerage firm Ira Haupt & Co. after graduating from Brooklyn College in 1963, founded M.D. Sass in 1972.


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