Tom Shohfi 
Assistant Professor of Finance and Accounting

Home CV Research Seminar Series Teaching

Rensselaer Polytechnic Institute

  • Financial Trading and Investing (MS QFRA - Fall 2015, Fall 2016, Fall 2017): This course examines trading (market microstructure including simple and complex order types, liquidity, algorithmic trading, and high frequency trading) and a wide range of investing topics (active investing, hedge funds, mutual funds, passive investing, exchange traded funds, etc.). Practical application of quantitative methods and key financial market concepts are emphasized. The course makes use of Interactive Brokers Student Trading Lab. Algorithmic Trading and DMA: An Introduction to Direct Access Trading Strategies is the primary text and is supplemented by custom course material incorporating current topics in trading and investing.
  • Managerial Finance (Undergraduate - Spring 2016): Core finance course covering basic financial concepts (time value of money, basic bond/equity valuation, cost of capital, etc.). Basic Microsoft Excel functions (PV, NPV, IRR, etc.) are ialso introduced. Fundamentals of Corporate Finance by Brealey, Myers, and Marcus is the primary text for the course.
  • Student Managed Fund (MS QFRA - Spring 2016, Spring 2017, Undergraduate - Fall 2016, Fall 2017): Student fund managers make active portfolio decisions with real capital (a portion of RPI's endowment). The initial capital for the fund was generously donated by RPI alumnus and multi-billion dollar investment manager Dr. Frank James of James Investment Research. The student managed fund invests exclusively in exchange traded funds (ETFs) and can employ ETF strategies in equities, fixed income, real estate, commodities, and hedges in allocation sizes approved by the investment policy statement. Students analyze liquidity, expenses, holdings, and tracking error for each ETF. Both quantitative and fundamental models are employed. Current and former students are encouraged to join the James Student Managed Fund's LinkedIn group.
    • Fund Summary Reports:
    • To donate to the RPI James Student Managed Fund, please visit Rensselaer Giving and direct your gift to "RPI James Student Managed Fund (Lally School of Management)" using the "Other" designation.
  • Student Advising: I advise doctoral, masters, and undergraduate students. I have served as a doctoral dissertation committee member (James Donato) and conduct independent studies with students. I also helped found the Don Shohfi Memorial Outstanding Doctoral Student Paper Award thanks to generous contributions from those who knew my father well.

University of Pittsburgh

  • Investment Management (Fall 2013, Spring 2014, Fall 2014, Spring 2015): My first course as a primary instructor at Pitt. The primary text is Essentials of Investment by Bodie, Kane and Marcus (9th edition) and the alternative investment material is being supplemented through the Handbook of Alternative Assets by Anson (2nd edition). The course employs technology extensively, including Blackboard, Microsoft Excel, and Twitter, and examines both academic and industry perspectives on managing investments.
  • Introduction to Finance (Teaching Assistant for Andrew Koch, Undergraduate Fall 2011)
  • Financial Management I (MBA Tutoring)
  • Substitute Teaching: Futures and Options (CBA), Financial Markets (CBA), Investment Management (CBA/MBA), FInancial Management (MBA)

CFA Society of Pittsburgh

  • CFA Institute Investment Research Challenge (2012-2015): While not technically teaching, being a grader for the competition has been an enjoyable experience.  The 2012 Pittsburgh competition involved an analysis of EQT ,a company that is particularly relevant considering the natural gas development in western Pennsylvania and West Virginia.  In 2014, students analyzed Pittsburgh-based global coatings company PPG Industries.  I make every effort to provide detailed feedback on the reports so that participants can improve their analytical skills for future professional use.

University of North Carolina at Chapel Hill

  • Applied Investment Management (BSBA Fall 2008 - Spring 2010): Working with associate professor Mustafa G├╝ltekin, we guided students through the investment management process of real capital.  Students are required to produce an investment policy statement (IPS), make weekly presentations on economic and market trends, and develop and present investment ideas with various valuation methodologies (DCF, etc.) to their peers for group portfolio decisions.  On the portfolio side, we prepared students to employ a variety of skills in portfolio construction and reporting including risk management and attribution analysis.  I continue to serve as a member of the advisory board for the BSBA and MBA AIM funds and am a former organizer of the UNC Kenan-Flagler Alpha Challenge competition.


Pittsburgh Building - Room 1118
Rensselaer Polytechnic Institute
Lally School of Management
Troy, NY 12065-3590
s...@rpi.edu
http://shohfi.com/tom/



©2017 Tom Shohfi