At Indiana University, a group of undergraduates is managing existent organization money and pulling successful returns astir pros would envy.
By Jonathan Small | edited by Dan Bova | Aug 06, 2026
Sample Gates Management is simply a real property investment money pinch $12 cardinal successful assets and enviable returns. It’s tally wholly by undergraduates. The group is different for student finance clubs because it doesn’t trust connected schoolhouse backing aliases donations. It raises superior from existent third-party investors and puts that money into commercialized properties nationwide, from flat complexes to business parks, the Wall Street Journal reported.
This summertime brought the fund’s first exit. An Indianapolis storage improvement sold for a 65% gross profit aft astir 16 months. Tim Morris, a committee personnel who signs disconnected connected the students’ investments, called it a return that would beryllium “good for immoderate master firm, not conscionable students.”
None of that money goes to the students who managed the deal, however. Every graduating people hands the money to the adjacent group of undergrads, and profits travel backmost to the investors who supplied the capital.
Does that origin immoderate animosity? Not really. The students opportunity they do it purely for the experience. Many already person jobs lined up astatine Wall Street firms.
Sample Gates Management is simply a real property investment money pinch $12 cardinal successful assets and enviable returns. It’s tally wholly by undergraduates. The group is different for student finance clubs because it doesn’t trust connected schoolhouse backing aliases donations. It raises superior from existent third-party investors and puts that money into commercialized properties nationwide, from flat complexes to business parks, the Wall Street Journal reported.
This summertime brought the fund’s first exit. An Indianapolis storage improvement sold for a 65% gross profit aft astir 16 months. Tim Morris, a committee personnel who signs disconnected connected the students’ investments, called it a return that would beryllium “good for immoderate master firm, not conscionable students.”
None of that money goes to the students who managed the deal, however. Every graduating people hands the money to the adjacent group of undergrads, and profits travel backmost to the investors who supplied the capital.
Does that origin immoderate animosity? Not really. The students opportunity they do it purely for the experience. Many already person jobs lined up astatine Wall Street firms.
Jonathan Small is simply a bestselling author, journalist, producer, and podcast host. For 25 years, he... Read more
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