Track Record
What Minerva has published, run and held
The research, the funds, the events and the people of the Minerva Investment Management Society, year by year, counted automatically from the association's own records. The definitions are at the foot of the page.
Last updated 23 October 2026.
Research
| Year | Equity Research | Investment Research | Macro Research | Portfolio Management | Quantitative Research | Reports | Pages |
|---|---|---|---|---|---|---|---|
| 2019 | 0 | 1 | 1 | 0 | 1 | 3 | 36 |
| 2020 | 15 | 11 | 3 | 6 | 2 | 37 | 297 |
| 2021 | 7 | 5 | 2 | 6 | 1 | 21 | 321 |
| 2022 | 7 | 1 | 2 | 6 | 0 | 16 | 213 |
| 2023 | 8 | 3 | 4 | 8 | 1 | 24 | 294 |
| 2024 | 6 | 3 | 3 | 6 | 5 | 23 | 310 |
| 2025 | 7 | 3 | 2 | 10 | 1 | 23 | 319 |
| 2026 | 5 | 1 | 4 | 3 | 6 | 19 | 323 |
| Total | 55 | 28 | 21 | 45 | 17 | 166 | 2113 |
Funds
Virtual (paper) portfolio managed by students for educational purposes. No real capital is invested. Returns are simulated, net and in EUR.
| Fund | Record | Since inception | Annualised return | Annualised volatility | Sharpe (€STR) | Maximum drawdown |
|---|---|---|---|---|---|---|
| Long Short Equity Fund | 88 months, December 2018 to March 2026 | 50.9% | 5.8% | 9.2% | 0.51 | -20.9% |
| Multi Asset Global Opportunities Fund | 76 months, January 2020 to April 2026 | 73.1% | 9.1% | 9.6% | 0.80 | -14.3% |
Events and speakers
| Year | Events held | With guest speakers | Speakers | Alumni calls | Company visits |
|---|---|---|---|---|---|
| 2019 | 1 | 1 | 3 | 0 | 0 |
| 2021 | 1 | 1 | 2 | 0 | 0 |
| 2022 | 2 | 2 | 7 | 0 | 0 |
| 2023 | 2 | 2 | 5 | 0 | 0 |
| 2024 | 1 | 1 | 3 | 0 | 0 |
| 2025 | 2 | 2 | 5 | 0 | 0 |
| 2026 | 13 | 10 | 34 | 5 | 0 |
4 company visits took place before the events archive begins; they are not shown by year.
Members and alumni
| Semester | Members | Alumni |
|---|---|---|
| Fall 2025 | 0 | 276 |
| Spring 2026 | 99 | 304 |
Where alumni work
- Markets47
- Investment Banking42
- Asset Management28
- Private Equity22
- Consulting16
- M&A16
- Investments15
- Research10
- Investment9
- Business6
- Corporate Finance6
- Equity Research5
- Risk Management5
- Wealth Management5
- Quant4
- Real Estate4
- Finance3
- Hedge Fund3
- Risk3
- Business (Energy)2
- Business Development2
- Financial Services2
- Global Markets2
- Markets (Structuring)2
- Sales2
- Asset Management (Sales)1
- Brokerage1
- Business Analyst1
- Clearing1
- Corporate Coverage1
- Corporate Finance (Ratings)1
- Data Analyst1
- Economics1
- Economics & Research1
- Economics Consulting1
- Financial Advisory1
- Financial Controlling1
- Financial Intermediaries1
- Financial Market Services1
- Insurance1
- Investment (Special & Private Credit)1
- Investment & Strategy1
- Investment Solutions1
- L/S equity1
- Macro Research1
- Market Risk1
- Marketing1
- Markets (Treasury & Trading)1
- PhD1
- Private Banking1
- Private Equity (Credit)1
- Product Strategy1
- Real Estate Private Equity1
- Startup1
- Strategic Equity Derivatives1
- Strategic Equity Solutions1
- Structured Finance1
- Trading1
- Trust Fund Investment1
- Valuation1
- Valuation & M&A1
37 alumni in the directory have not recorded a job area.
Method
- Reports
- Every report published in the archive, by the year on its cover and the division that wrote it. Drafts and deleted reports are not counted.
- Pages
- The pages of the published PDFs, counted from the files themselves.
- Funds
- Virtual (paper) portfolios managed by students for educational purposes: no real capital is invested and returns are simulated, net and in EUR. Every figure is computed from the monthly returns by the same function as the fund pages.
- Events
- Events held, by year: meetings, Association on Display days and events whose date is still to be confirmed are not counted. Speakers are counted once per year, by name.
- Members and alumni
- The number on the register at the end of each semester, as recorded when the semester closed.
- Alumni outcomes
- The job area each alumnus has recorded in the alumni directory, as typed; alumni without one are counted separately.
