# Rosenwald Global Value Fund ![Stock trading interface](/sites/default/files/styles/866w/public/2026-02/adobestock_347427660.jpeg?h=31ae35b7&itok=gX3mpgWA) ## 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) ](http://www.stern.nyu.edu/faculty/bio/james-rosenwald)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 ](http://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/salomon-center-for-the-study-of-financial-institutions/research-areas/alternative-investments/about)at [Stern's Salomon Center ](http://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/salomon-center-for-the-study-of-financial-institutions)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. ](https://pages.stern.nyu.edu/~sternfin/Rosenwald/fellows.html) 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. [Syllabus ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Syllabus.pdf) --- ## Holdings **Holdings as of 1/31/2026** Company NameTickerCountryNo. of SharesPriceMarket Value (USD)Weight in PortfolioUnrealized Gain/LossInitial Purchase DateAlibaba Group HoldingsBABAChina900169.56152,6044.7%128,50412/2021Chubb LimitedCBUSA500309.56154,7804.8%2,53001/2026GE HealthcareGEHCUSA1,64078.97129,5114.0%9,12201/2024CK HutchinsonCKHUYHong Kong20,0008.03160,6005.0%81,06912/2013ICICIIBNIndia11,00029.29322,19010.0%225,21512/2014Jefferies Finl GroupJEFUSA3,30061.19201,8946.3%130,12912/2012Lantheus HoldingsLNTHUSA2,30066.92153,9164.8%3,10201/2026LSB IndustriesLXUUSA16,0009.29148,6404.6%53,35001/2025Marco Polo MarineMRPMFSingapore2,500,0000.1182295,5089.2%193,39201/2025Micron TechnologiesMUUSA1,350414.88560,08817.3%454,32412/2018Pasona Group2168:JPJapan12,00012.9068154,8814.8%102,02912/2019Qualitas ControladoraQ:MXMexico29,0009.3964272,4978.4%208,60612/2017Taiwan SemiconductorTSMTaiwan820330.56271,0598.4%195,37412/2022Warner Brothers DiscoveryWBDUSA5,70027.54156,9784.9%82,28012/2022CashN/AN/A94,2911.0094,2912.9%0 Total 3,299,438100.0%1,868,955 **Performance** [Click Here to see Performance Data ](https://w4.stern.nyu.edu/sternfin/Rosenwald/RGVF%20Performance%20Summary_20250630.pdf) [Click Here to View a Chart of the Fund's Performance ](https://w4.stern.nyu.edu/sternfin/Rosenwald/RGVF%20Performance%20Chart_20250630.pdf) --- ## 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](https://w4.stern.nyu.edu/sternfin/Rosenwald/RosenwaldFellowship_Program_General.pdf). 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" ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Chen_Rosenwald_Fellowship_Paper_May%202024.pdf) - Mr. Andrew Du – ["Valuation and Investments in Clinical-Stage Biopharmaceutical Companies" ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Du_Rosenwald_Fellowship_Paper_May%202024.pdf) - Ms. Sanemi Nair – ["Retail Trading of Leveraged ETFs" ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Nair_Rosenwald_Fellowship_Paper_May%202024.pdf) AY 2022–23 - Ms. Shivi Khanna – ["Do ESG Disclosures affect Credit Spreads?" ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Shivi%20Khanna%20Rosenwald%20Fellowship%20Paper_June%202023.pdf) AY 2021–22 - Ms. Jingzhi Xu – ["The Impact of Corruption on the Extensive and Intensive Margins of the Foreign Direct Investment" ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Xu_Rosenwald%20Thesis_June%202020.pdf) - Ms. Nisha Honnaya – ["Studying the Impact of Fractional Ownership on Art Market Liquidity" ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Honnaya_Rosenwald%20Thesis_June%202022.pdf) AY 2019–20 - Mr. Andrew Tabatabaei – ["Hedging Geopolitical Risk News" ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Tabatabaei_Rosenwald_Thesis_June_2020.pdf) - Mr. Winston Zhao – ["US-China Trade War: Safeguarding or Damaging Domestic Industries" ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Zhao_Rosenwald_Thesis_June_2020.pdf) AY 2018–19 - Mr. Jason Weitze – ["Dynamically Selecting and Combining Volatility Forecasts" ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Weitze_Thesis_NYUNY_HONORS_2018.pdf) - Ms. Fan Yang – ["Analysis of Developed Markets?" ](https://w4.stern.nyu.edu/sternfin/Rosenwald/Yang_Fan_Thesis_5.2.19.pdf)