This year we celebrate a decade of the Twikker Fund, the entirely studentrun investment fund providing invaluable hands-on experience for our students.
10 YEARS OF THE
n 2012, a generous £55,000 donation from Sheffield alumnus Steve Kiln created the Twikker Fund, an endowed investment fund that aimed to provide student members of the University’s Investment Society with experience of real-world trading. Named after the University’s former Rag magazine, the Twikker Fund is the UK’s largest student managed investment fund, currently valued at approximately £200,000. Around 50 students are involved in the Fund right now, and a number of its alumni, including Steve Kiln, have remained engaged as mentors, advisors and competition judges. The Fund has raised the University’s profile as a desirable destination for students seeking opportunities in the financial sector, with many former Fund students going on to have successful careers in investment and finance.
Twikker’s recent impact This year, Twikker will fund a 100-hour internship in the Careers Department, with the student intern producing research into how the University can provide more tailored careers guidance for students interested in finance. In April 2022, four University of Sheffield students were the winners of the NorthEdge annual Private Equity Challenge. Competing with Leeds and Manchester students, they were challenged to take a real-life case study through the transaction process, from origination to the final investment pitch. The judges praised the Sheffield students’ collaboration, their consideration of risk mitigation and the clarity of their presentation.
The Fund is made up of two parts: The Long-Term Fund aims to produce income and capital gains for the long term. It includes the Yorkshire Fund, which links Twikker students to local businesses and investments close to home. The Competition Fund is split between six student teams at the start of the year. Each team is given £6,000 and competes to generate the highest income by the end of the year.
“The University is enormously grateful to Steve for creating such a fantastic initiative, which embodies our core priorities of employability and giving all students opportunities to gain work experience. It’s wonderful to see many students use their Twikker Fund experience to develop successful careers.” – Professor Mary Vincent, Vice-President for Education 30 YOUR UNIVERSITY | 2022/2023
What do Twikker alumni have to say?
“The experience and learning I gained from the Twikker Fund has been phenomenal in my career. I had several roles but discovered my passion for asset management and long-term investment. I would encourage all students who are interested in finance to get involved, no matter their background.” Baiju Shah, BSc Economics and Finance 2018 “I was a member of the Twikker Fund in its infancy. After graduation, I joined the investment management company Killik & Co as a Branch Assistant and am now coming up to my ninth year with the company. I truly believe the real-world experience I gained was a driving factor in my choice of career and one of the reasons I was able to obtain interviews with investment companies.” Tim Hodgson, BSc Financial Mathematics 2013 “I joined the Twikker Fund in 2017. I won the competition in my first year and was appointed Chair in my final year. I am now working in mergers and acquisitions for Houlihan Lokey. The experience allowed me to demonstrate my interest in finance and to work with like-minded students, many of whom I am still in contact with.” Will Street, BA History and Politics 2019 Read all about the University of Sheffield’s Investment Society and the Twikker Fund at: usis.co.uk