Rosenwald Global Value Fund
In this course, Stern MBA students have the opportunity to learn the craft of value investing and apply these skills in the real world of global investing.
About
The Rosenwald Global Value Fund was launched at NYU Stern in Fall 2012. Thanks to an initial gift from James B. Rosenwald III (Stern M.B.A., 1984) and subsequent generous gifts, the Rosenwald Global Value Fund offers Stern MBA students an opportunity to learn the craft of value investing from highly knowledgeable and experienced investment managers, and then to apply these skills in the real world of global investing. As part of a 12-week course, students scan the global investment landscape and develop investment proposals that meet value investment benchmarks, including an investment horizon of 3-5 years. A panel of judges reviews the student proposals and selects the most compelling investment ideas from the pool. A set of new holdings and asset sales is finalized by the end of the fall semester. The Fund is re-evaluated and the process is repeated with a new class the following year.
Distributions from the Fund, were initiated in 2019 to support academic research within the Alternative Investments Platform at Stern's Salomon Center for the Study of Financial Institutions. Each year, a select group of undergraduate students receive financial support as Rosenwald Fellows and undertake research studies on asset management under faculty supervision. A list of Rosenwald Fellows and their completed research papers are at this link.
From an initial gift of $100,000, the Fund now oversees more than $1.9 million in assets under management. The portfolio is concentrated in a small number of holdings investing in companies based in China, Hong Kong, India, Israel, Japan, Mexico, Taiwan and the United States. The class is limited to roughly 35 students each semester.
Holdings
Holdings as of 1/31/2026
| Company Name | Ticker | Country | No. of Shares | Price | Market Value (USD) | Weight in Portfolio | Unrealized Gain/Loss | Initial Purchase Date |
|---|---|---|---|---|---|---|---|---|
| Alibaba Group Holdings | BABA | China | 900 | 169.56 | 152,604 | 4.7% | 128,504 | 12/2021 |
| Chubb Limited | CB | USA | 500 | 309.56 | 154,780 | 4.8% | 2,530 | 01/2026 |
| GE Healthcare | GEHC | USA | 1,640 | 78.97 | 129,511 | 4.0% | 9,122 | 01/2024 |
| CK Hutchinson | CKHUY | Hong Kong | 20,000 | 8.03 | 160,600 | 5.0% | 81,069 | 12/2013 |
| ICICI | IBN | India | 11,000 | 29.29 | 322,190 | 10.0% | 225,215 | 12/2014 |
| Jefferies Finl Group | JEF | USA | 3,300 | 61.19 | 201,894 | 6.3% | 130,129 | 12/2012 |
| Lantheus Holdings | LNTH | USA | 2,300 | 66.92 | 153,916 | 4.8% | 3,102 | 01/2026 |
| LSB Industries | LXU | USA | 16,000 | 9.29 | 148,640 | 4.6% | 53,350 | 01/2025 |
| Marco Polo Marine | MRPMF | Singapore | 2,500,000 | 0.1182 | 295,508 | 9.2% | 193,392 | 01/2025 |
| Micron Technologies | MU | USA | 1,350 | 414.88 | 560,088 | 17.3% | 454,324 | 12/2018 |
| Pasona Group | 2168:JP | Japan | 12,000 | 12.9068 | 154,881 | 4.8% | 102,029 | 12/2019 |
| Qualitas Controladora | Q:MX | Mexico | 29,000 | 9.3964 | 272,497 | 8.4% | 208,606 | 12/2017 |
| Taiwan Semiconductor | TSM | Taiwan | 820 | 330.56 | 271,059 | 8.4% | 195,374 | 12/2022 |
| Warner Brothers Discovery | WBD | USA | 5,700 | 27.54 | 156,978 | 4.9% | 82,280 | 12/2022 |
| Cash | N/A | N/A | 94,291 | 1.00 | 94,291 | 2.9% | 0 | |
| Total | 3,299,438 | 100.0% | 1,868,955 |
Performance
Click Here to see Performance Data
Click Here to View a Chart of the Fund's Performance
Rosenwald Fellows
The Rosenwald Fellowship program was launched in 2019 to promote excellence in investment research by Stern undergraduates. A description of the program is available at this link.
Students who have participated in the program are listed below:
AY 2023–24
- Mr. Aaron Chen – "Who Visits the University Village? Gentrification and Social Capital in a Decade of Tweets"
- Mr. Andrew Du – "Valuation and Investments in Clinical-Stage Biopharmaceutical Companies"
- Ms. Sanemi Nair – "Retail Trading of Leveraged ETFs"
AY 2022–23
- Ms. Shivi Khanna – "Do ESG Disclosures affect Credit Spreads?"
AY 2021–22
- Ms. Jingzhi Xu – "The Impact of Corruption on the Extensive and Intensive Margins of the Foreign Direct Investment"
- Ms. Nisha Honnaya – "Studying the Impact of Fractional Ownership on Art Market Liquidity"
AY 2019–20
- Mr. Andrew Tabatabaei – "Hedging Geopolitical Risk News"
- Mr. Winston Zhao – "US-China Trade War: Safeguarding or Damaging Domestic Industries"
AY 2018–19
- Mr. Jason Weitze – "Dynamically Selecting and Combining Volatility Forecasts"
- Ms. Fan Yang – "Analysis of Developed Markets?"