The Orange Value Fund, LLC
Overview
In Spring 2006, the Whitman School of Management and the Ballentine Investment Institute at Syracuse University announced the creation of The Orange Value Fund, LLC (a private investment vehicle only available to accredited investors) and the associated Applied Portfolio Management academic program. Established as a rigorous two-year analyst program open to a carefully selected cadre of undergraduate Whitman students, the Applied Portfolio Management program combines academic, research, money management and career components.
Participating students take classes for academic credit and are retained by The Orange Value Fund, LLC to perform thorough research on potential investments, write professional research reports, network with investment professionals, contribute investible ideas and manage the Fund portfolio. The Fund recruits and retains students in the academic program only insofar as they can perform the duties required of a private Fund. Failure to perform those duties triggers the automatic removal of the student from the Fund analyst roster, even though the student may continue to participate in the academic program. As of its first closing in Fall 2006 the Fund had $1.1 million of assets under management. Today, the Fund manages $5.5 million.
PROGRAM
A detailed list of courses and activities throughout the program.
FUND BOARD OF DIRECTORS
OUR SENIOR ANALYSTS
Get to know our Senior Analysts
OUR JUNIOR ANALYSTS
Get to know our Junior Analysts
Our Investment Approach
The Orange Value Fund is modeled after the value investing philosophy of Martin J. Whitman. The Fund intends to identify investment opportunities through intensive research of individual companies and will not generally focus on general market conditions and other macro factors. For these reasons, the Fund seeks investments in the securities of companies in industries that are believed to be temporarily depressed. In selecting individual issuers, student analysts will generally seek companies and securities that are "safe" (minimum investment risk) and securities issued by those companies that are "cheap" relative to their readily ascertainable NAV. Safety characteristics include strong financial position (relative absence of liabilities, high-quality resources, etc.), responsible managements and control groups, and the availability of comprehensive and meaningful financial information about them, and "cheap" securities are those priced at large discounts from either intrinsic or workout values.