ABOUT

WHO WE ARE

The 40° North Fund is a student-led investment initiative founded by high school students to bring real-world investing experience to the next generation of leaders. Named for the geographic latitude of our base in New York City, the fund represents our commitment to disciplined strategy, educational growth, and peer collaboration.

We are an independent organization operated entirely by students, with no formal affiliation to any school. Our members include analysts, managers, and executives across a diverse range of grade levels and backgrounds — all united by a shared passion for markets, finance, and innovation.

WHAT WE DO

We empower high school students to manage real-time model portfolios through collaborative research, strategic asset allocation, and ongoing performance evaluation. Our members gain hands-on experience in equity research, portfolio management, and financial analysis—skills crucial to future careers in finance.

Through structured roles—ranging from Analysts and Portfolio Managers to C-suite executives—students operate in a rigorous, team-oriented environment that mirrors the dynamics of the investment industry. Every decision is backed by research, presented with conviction, and held to a high standard of accountability.

WHY JOIN?

📚 College Admissions

In an increasingly competitive landscape, admissions officers look for applicants who go beyond the classroom. Involvement in a student-led investment fund demonstrates initiative, intellectual curiosity, leadership, and real-world application of economics and finance. Whether you're applying to top business schools or liberal arts colleges, this experience shows you're already thinking and operating at a higher level.

💰 Financial Literacy & Wealth-Building Skills

Members graduate from the Fund with a strong foundation in personal finance and long-term wealth-building. These are life-long skills that foster financial independence, confidence, and a mindset geared toward building sustainable wealth — far beyond what most students learn in school.

💼 Career & Internship Preparation

Whether you’re pursuing finance, consulting, tech, or entrepreneurship, the Fund gives you early exposure to professional tools, language, and frameworks. Students leave with tangible experience in research, portfolio management, teamwork, and financial reporting — all of which align directly with what employers are looking for in internships and entry-level hires.

📄 Resume Experience

From managing a portfolio to publishing investment reports or serving in an executive role, everything you do in the Fund is resume material. You can point to real responsibilities, leadership experience, and results — not just club membership.

🏢 Professional-Grade Operations

Unlike most student clubs, the 40° North Fund is structured like a real firm. It includes C-suite roles, portfolio teams, compliance practices, and investor letters — giving you insight into how actual investment organizations operate. You’re not just simulating finance — you're doing it.

✨ A Unique Opportunity

There are few programs — especially at the high school level — that give students this level of freedom, responsibility, and mentorship in real financial decision-making. The 40° North Fund blends hands-on learning with leadership and collaboration, helping you become the kind of student, applicant, and thinker who stands out.

HOW IT WORKS

| Structure |

Anyone can join the 40° North Fund, regardless of experience or skill level, and become an Analyst, a position awarded based on contributions to the fund. In addition to participating as an Analyst, you may also get involved with the fund’s leadership team.

Leadership roles are typically earned through experience and demonstrated contribution. However, if you are starting your own portfolio under the 40° North umbrella, you may appoint yourself as that portfolio’s Manager.

We also encourage initiative and creativity— if you have a unique skill or interest that doesn't align with existing roles, you're welcome to propose a new position. For example, you might take on a role as a Graphic Designer to support our branding, create marketing materials, design merch, or help build our digital identity.

Role Descriptions

Fund leaders - CEO, CIO, CFO, COO, CTO, CMO etc. | These people run the whole fund, ensuring everything runs smoothly and as one cohesive unit. Each position is unique and has its own role in operations, managing everything from monthly Letters to Investors to the website. Applicants to these roles will be interviewed.
Portfolio Managers (PM) | PMs are the leaders of their respective portfolios. They manage a team of Analysts that report to them and complete research. The PM handles transactions for their respective portfolio and files reports with respective fund leaders. The PM also completes status updates and monthly letters for submission to the fund-wide monthly Letter to Investors. The PM is also expected to conduct financial research for their portfolio when time allows. The PM reports to fund leadership.
Junior Analysts (JA), Analysts (A), & Senior Analysts (SA) | These positions are awarded based on how many reports someone has contributed to the fund. Reports are fairly open-ended: financial analysis is a major component, but they can be market-wide, company-specific, or anything in between. Requirements of reports can be found on our website. Upon completion of one report, an Associate becomes a Junior Analyst. After three reports, they become an Analyst. After five, they become a Senior Analyst. These positions are fund-wide. Analysts typically have a focus on one portfolio, but they can move around and do research for anything that helps the fund.
Associates | An associate is anyone who has not yet contributed to the Fund, but has participated in a meeting.

PORTFOLIOS

The 40° North Fund is organized into dedicated Portfolio Teams, each responsible for managing a distinct investment strategy.

These teams operate semi-independently under the oversight of executive leadership, with each team led by a Portfolio Manager and supported by a group of Analysts. Portfolio Teams are the operational core of the Fund, conducting research, executing trades, and publishing regular performance reports. This structure promotes accountability, specialization, and collaborative investment decision-making across the Fund.

Portfolio Managers

Portfolio Managers (PMs) enjoy significant freedom in managing their portfolios. Each PM is the leader of their respective portfolio, making transactions and updating records.

Each PM contributes a dedicated section to the Fund’s Investor Letters, providing insights, rationale, and updates about their portfolio’s performance and outlook. They submit financials to the Chief Financial Officer (CFO) and work closely with the Chief Investment Officer (CIO) to contribute to the fund-wide overviews and ensure alignment with overall Fund strategy.

Analysts

Analysts are encouraged to explore and contribute to multiple portfolios, gaining diverse experience and supporting different PM teams as needed.

Portfolios

FUND OPERATIONS

INVESTOR LETTERS

Every month, the fund publishes Investor Letters, just like a normal investment fund does. These letters include notes from fund leadership, as well as updates from each portfolio managed by the 40° North Fund. Here's a breakdown of what a letter could look like:

Notes from the CEO - a summary of how the fund did in the last month
Investment Overview from the CIO - best performers, new portfolio launches, market trends, etc
- Portfolio Updates from PMs - financials and analytics from each portfolio
Financial Report from the CFO - a detailed report compiled from all portfolios
Notes from other executives - CMO, CTO, (COO)

Read an Investor Letter

REPORTS

Report Template + Directions

After you or another Analyst has submitted a report, it will be filed by the executive team. You can find reports here.

ACCOUNTS & TRACKING

INVEST

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