Real-world academics

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.

Spring 2019 analysts

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

Annalee Dannegger, Ryan Greenough, Sam Nelson, Jack Simpson

Consumer Staples

Garrett Culligan, Alexander Egan, Treye Spencer, Justin Zeimet

Financial Services & Real Estate

Ryan Funk, Garrett Grimshaw, Nile Ringen, Matt Tolton

Industrials

Brett Burns, Tyler Dennis, Nate Disterhoft, Ethan Ellinger

Technology

River Dunne, Noah Heitshusen, Travis Graff, Jose Duran

Industrials

Nico Bibergall, Jack Paddock, Aaron McGaffigan, Yanhang He, Mandy Liu

Consumer Discretionary

Andrea Palazzo, Katherine Phillips, Ryan Williams

Energy & Utilities

Niharika Annira, Michael Hayes, Matt Lindsly, Kathir Pandian

Health Care

Ian Jongewaard, Nate Kelsay, Sarah Langholz, Scott Tribbey

Communications

Jeremy Friedman, Sophia Li, Liam McLaughlin, Xin Yie Ng, Bobby Medlicott

Communications

John Koach,  Spencer Hall, Janet Zou,  Russell Kong

Investment Advisory Committee

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. 

Ryan Baue, CFA

AEGON Asset Management

Matthew Bowersox

Jeffries Group

Bryce Engelbart, CFA

AEGON Investment Management

Tim Insko

StockViews

Jeff Kilkenny, CFA

Principal Global Investors

Kayla Kremer, CFA

AEGON Asset Management

Tiffany Lavastida, CFA

Principal Global Investors

Jonah Parker, CFA

Transamerica

Kevin Readman

US Bancorp

Aaron Schaefer

Hills Bank & Trust Co.

James F. Wessels, CPA, CFA

Vision Financial Group

Catherine Zaharis, CFA

Tippie College of Business

Fund overview

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.

Our portfolio and performance

To review the year-to-date performance of our active portfolio holdings, view our Google spreadsheet. The document also contains information on our historical performance dating back to 1999.

View the portfolio

Alumni Story
Michael Korobov

Pivot from Krause Fund to global investment bank

Michael Korobov (BBA15) was enrolled in the Applied Equity Valuation course. It was his favorite class.

“It was more on the level of ‘how much value is this bringing someone?’ versus simply getting a good grade.”

Korobov used the valuation techniques and analytical tools of real analysts to manage Iowa’s Krause Fund, an actual equity portfolio.

Read Story