The Krause Fund blends a challenging finance elective with an endowed equity portfolio. Our student analysts dive into the economy, explore industries, research companies, and build extensive valuation models using the same techniques as the professionals. This semester-length project culminates with a presentation to a team of financial professional for possible inclusion in the Krause Fund portfolio.
The student analysts managing our fund are enrolled in Applied Equity Valuation (syllabus), which seeks to make students experts in the valuation techniques and analytical tools used by real-world analysts. Students work in teams to evaluate companies based on industry and provide detailed investment recommendations.
Analysts employ a top-down approach to research that integrates economic, industry, and company analysis, and use valuation techniques including discounted cash flow (DCF), economic value added (EVA), relative multiple (P/E, P/B, PEG ratio), and fundamental multiple analysis. Finally, all models are sensitivity tested against critical assumptions.
At the end of the course, analysts deliver investment presentations to our Investment Advisory Committee.
Materials and Industrials
Jay Miller, Ryan Gersowsky, Zach Monroe, Mark McLaughlin
Benton Peller, Gyuho Cha, Zach Denny, Mengjiao Yu
Greyson Zaun, Dylan French, Jack Sannes, Colton Feldmann
Technology Team Alpha
Adam Dellos, Anthony Yang, Ally Disterhoft, Colter Allen
Technology Team Beta
Wenlong Xu, Wenzhu Duan, Zuodong Ji, Guoying Chen, Yoo Hee Won
Keaton Christiansen, Jerod Wolfgram, Dwight Bode, Ben Coverick
Kevin Docherty, Cory Paterson, Nico Chaidez, David Ballard
Zach Audy, Andrew Birschbach, Hannah Hendricks, Navya Mannengi
Telecom & Utility
Zehua Tan, Tianqi Yang, John Callahan
Our Investment Advisory Committee plays a key role in management of the Krause Fund. Students present their final research to the board each semester and the committee mentors our students while helping to prepare them for financial services careers.
Jeff Kilkenny, CFA
Principal Global Investors
University of Iowa Foundation
Hills Bank & Trust Co.
James F. Wessels, CPA, CFA
Gremler Financial Group
Houlihan, Lokey, Howard & Zukin
Tiffany Lavastida, CFA
Principal Global Investors
Scott M. Pfeiler
Catherine Zaharis, CFA
Tippie College of Business
American Trust and Savings Bank
Will Suess, CFA
Silverpath Capital Management
More fund research
The Krause Fund was created in 1998 when Bill Krause, founder and CEO of the Krause-Gentle Corporation, made a generous donation to the University of Iowa and other schools in the state to establish undergraduate student-managed equity funds. These schools compete in the Krause Investment Challenge, an annual contest matching the performance of each institution's portfolio during the academic year.