Student and professor in the Bloomberg Lab

Stuart Investments

Do you want to build your skills and experience in equity research, valuation models, and portfolio management? Join Stuart Investments!

Oleksandra Babinchuk

“Stuart Investments helped me to look outside of the box and see how real financial data works and how different areas of finance are interconnected in the market. More importantly, this experience is one of the hottest topics during the job interviews I have had, as the employers are always interested in seeing the real qualifications I have demonstrated, other than a high GPA.”

—Oleksandra Babinchuk (M.S. Finance ’22), 2021-22 Stuart Investments Executive Director

About Stuart Investments

In 2006, the student-led Stuart Investments (SI) organization received $250,000 of Illinois Tech’s endowment to manage, invest, and reinvest for the benefit of the university. Since then, the fund’s portfolio has steadily outperformed its benchmark, the S&P 500 Index. Assets under management have now topped $1.2 million (as of December 31, 2022).

Stuart Investments is an independent entity and is not a student club sponsored by Illinois Tech or Stuart School of Business. The organization’s portfolio is overseen by the Stuart Investments Board, which is made up of finance professionals. Clinical Associate Professor of Finance Michael Rybak serves as faculty adviser for SI. 

SI is led by three current students who serve as executive director, fund manager, and risk manager. Each year, SI recruits Illinois Tech students to the organization as sector leaders and sector analysts. Members are grouped into teams which are based on the sectors of the Global Industry Classification Standard of companies that have issued equity securities. Each team conducts research on equities and presents its recommendation to the other SI members. At the end of each semester, the faculty advisor, along with recommendations from the SI executive members, will select stocks to buy or sell.


Vitaliy Gnatenko

“Participation in Stuart Investments allowed me to practice the knowledge and investment techniques learned in class. It improved my financial modeling and valuation analysis skills; my due diligence process advanced to a higher level. Furthermore, mentoring junior members and providing training sessions deepened my understanding of the subject matter.”

—Vitaliy Gnatenko (M.S. Finance ’22), 2021-22 Stuart Investments Fund Manager

Activities and Goals

Each semester, SI executive officers and the faculty advisor devote the first meetings to teach and train new members about fundamental analysis, valuation models, portfolio analysis and how to utilize the Bloomberg terminals in the Stuart Financial Markets Research Lab.

Portfolio Management and Equity Analysis
Following the training sessions, teams work on their sector’s portfolio and apply everything they learned to improve their portfolio. Executive officers are available to answer questions.

After weeks of portfolio analysis, equity research, and valuation, each team prepares its recommendation and presents it to the other SI members. All members, executive officers, and the faculty advisor apply their critical thinking and ask questions about the analysis. At the end, members vote on the recommendations.

Periodic Newsletter
Every day’s economic, financial, technological, political, and business news affects the way businesses run and how investors make decisions. The editorial board of Stuart Investments picks the most important news about each sector, condenses it into a periodic newsletter, and sends it to all SI members. These emails also include useful articles, links, and analyses from world-class financial sources.

Guest Speakers
The executive officers and faculty advisor invite guest speakers who are professional investment managers to share their experience with members. This is a great opportunity for members to learn from, and network with, industry experts.

Executive Officers in 2022-23

  • Executive Director Soe Moe Hein
  • Fund Manager Fenglin Wang
  • Risk Manager (TBD)

For more information about Stuart Investments, contact Michael Rybak ( 

“I was a team leader at Stuart Investments and my team pitched for a particular stock to include in the SI portfolio. You learn all of the basic fundamentals of equity research. You also learn how to work with the Bloomberg terminals, which all the firms in the finance industry use for their research, and can complete your Bloomberg Market Concepts Certification.”

—Mohammad Saami (M.S. Management Science student)

Mohammad Saami

“Stuart Investments was a great place to apply research skills, analytics and leadership skills.  It was an opportunity to learn project management, because when you were a leader of the team, you needed to be able to set goals, assign tasks, and promote team engagement in order to deliver meaningful recommendations. Team presentations provided an opportunity to master presentation skills.”

—Veronika Shestakova (Business Administration/M.S. Finance ’18), Independent Model Review Analyst, HSBC

Veronika Shestakova

“I am convinced that Stuart Investments is the best opportunity available to Stuart School of Business students to bring our skills and knowledge to a completely new level. This is a hands-on experience, which allowed me to transfer all the knowledge I have learned in class to making real-world investment decisions.”

—Oleksandra Babinchuk (M.S. Finance student), 2021-22 Stuart Investments Executive Director

Oleksandra Babinchuk

Stuart School of Business

565 West Adams Street | 4th Floor | Chicago, IL | 60661