Corp Launches Investment Fund
Published: Friday, January 18, 2013
Updated: Monday, February 25, 2013 15:02
Students of Georgetown, Inc., launched Corp Capital, an internal investment fund of more than $50,000, last semester.
The fund was established with a focus on education. Corp Capital will provide Corp employees with the opportunity to learn more about finance and offer a program in which the members of the student-run business can educate D.C. school students about finance.
“Overall, the purpose is to educate within The Corp, but also be different from other funds by having a service component,” Chief Financial Officer Vidur Khatri (MSB ’14) said.
Corp Capital’s Managing Director Pete D’Amato (MSB ’13) said the fund includes approximately 20 members from all years, schools and branches of The Corp.
“Most of them have zero background in finance or investing,” he said. “With The Corp you get a lot of different personalities.”
D’Amato decided to help start Corp Capital partly because of his previous experience as CEO and president of the Georgetown University Student Investment Fund.
“I saw what GUSIF did for me and I really appreciated that opportunity,” D’Amato said.
After graduation alumni of The Corp more often find work in consulting than in finance, something D’Amato hopes will change with Corp Capital.
“I sort of wished The Corp had the same ties to finance as it did to consulting,” D’Amato said.
“We're an educational nonprofit — the goal we have is educating students in a specific area,” Khatri said.
Khatri said he hoped to expand The Corp members’ overall knowledge of finance and to help them contextualize their work in The Corp as a whole. Unlike GUSIF and other student investment funds, Corp Capital’s analysts look at stocks across all sectors, not just in one particular industry.
As part of The Corp’s mission of service, Corp Capital’s board has also provided financial literacy lessons to students in D.C. schools that participate in the Knowledge Is Power Program, a group of charter schools that formed an admissions partnership with Georgetown last fall.
According to D’Amato, it was rewarding for the board to teach a group of students interested in finance and investing who otherwise might not have had a chance to learn about those topics.
“To have someone leave that presentation realizing that it’s something available to them, I think we really hit our goal there,” D’Amato said.
Khatri said he enjoys the chance to give back to the community.
“It's pretty cool to have that service component,” Khatri said.
The board expects that Corp Capital will continue to be successful, both financially and educationally.
“I hope that in 10 years — wherever I am on Wall Street — I’ll be recruiting at Georgetown and I’ll be able to pull some guys from Corp Capital,” said D’Amato, who will be working at Credit Suisse next year.
“We’ve realized that a lot of the people who started this are going to be gone next year,” D’Amato said. “But I think we’ve set the pieces in place so that this will be a sustainable part of The Corp.”