Student-Managed Investment Funds

Mr. Brian R. Bruce has been the President, Chief Executive Officer, and Director of Hillcrest Asset Management, LLC since 2008 and has been its Chief Investment Officer since October 2007. Mr. Bruce served as a Director of Encap Investment & LCM Group Alternative Asset Management Center at Southern Methodist University from 2006 to 2010. He is a member of the Illinois State University College of Business Hall of Fame and a Visiting Professor of Investments at Baylor University. He was a Professor at Southern Methodist University's Cox Business School. Mr. Bruce is winner of the University of Chicago Graduate School of Business CEO Award and is Editor-in-Chief of Journal of Behavioral Finance. He received an M.B.A. from the University of Chicago, an M.S. in Computer Science from DePaul University and a B.S. in Business Administration from Illinois State University.

1. Investment Philosophy and Process 2. Stock Selection 3. ETFs, Bonds, Derivatives 4. Portfolio Construction 5. Performance Evaluation 6. Trading 7. Presentations 8. Tools

Appendix 1. Advisors Guide to the Organization of a SMIF 2. Forums, Symposiums, and Competitions