The McIntire Investment Institute (MII) is an entirely student-run, long/short equity fund with roughly $700k AUM at the University of Virginia. Founded in 1994 by an endowment established by "Tiger Cub" John Griffin of Blue Ridge Capital, this Institute operates as a non-profit under the McIntire Foundation. MII employs a fundamental, value-oriented investment strategy.
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History
The McIntire Investment Institute was first conceived by McIntire alumnus John Griffin (COMM, ’85 and President, Blue Ridge Capital). Mr. Griffin donated $1,000,000 to the University in 1993; $575,000 was earmarked for a student-run investment organization. An initial $100,000 was made available to the students in October 1994, and an additional $200,000 was allocated to the fund in 2000. The Institute has since donated $150,000 of its gains, including $75,000 in April 2006 to the new McIntire building on the Lawn.
Organization
MII's investment decisions are entirely student-driven. The Institute's membership currently consists of 9 executive board members, approximately 24-26 associates, and approximately 110 analysts. Portfolio teams are composed of a portfolio manager, an associate, and 4-5 analysts. Throughout the semester, each portfolio team will work to come up with a long or short investment pitch.