Student-Managed Equity Fund  ·  Northeast Wisconsin

Learning to invest, one covered position at a time.

NEW Investment Partners is a student-run fund that puts real research and real capital behind real stock picks, with every decision reviewed and mentored by an experienced advisor before it goes on the books.

“Independent thinking. Disciplined investing. Lasting results.”

See how it works Join the fund

Sample watchlist for illustration only, not live market data.

01 · About the Fund

Real capital. Real research. A real advisor checking our work.

Our mission, our vision, and the values every member commits to.

NEW Investment Partners started as a conversation between a few students who were tired of only talking about investing in the abstract: reading about markets in textbooks, watching other people make decisions, and never actually putting a thesis to the test.

We wanted a place where an idea had to survive real scrutiny before a single dollar moved: written up, defended in front of peers, challenged by an advisor who's seen more cycles than any of us, and only then acted on. So we built one. What began as a small group pooling capital and conviction has grown into a standing organization with a defined process, a governance structure, and a code of ethics we hold each other to.

We're not chasing headlines or hot tips. We're building the habits of patient, fundamentals-driven investing that outlast any single trade.

Mission

To develop world-class investors through rigorous fundamental research and disciplined capital allocation.

Vision

To become the premier student-led investment organization in Wisconsin, developing future leaders in finance through rigorous research, ethical decision-making, and disciplined capital allocation.

“Research with discipline. Invest with conviction.”

Our Motto
01

Integrity

Honest work, honestly presented, every time.

02

Intellectual Curiosity

We chase the “why,” not just the answer.

03

Independent Thinking

Conviction earned through our own work.

04

Accountability

We own our calls, the good and the bad.

05

Professionalism

We represent the fund like it's already real. It is.

06

Continuous Improvement

Every review is a chance to get sharper.

07

Long-Term Perspective

We underwrite businesses, not quarters.

08

Respectful Debate

We argue the idea, never the person.

02 · Our Approach

What we look for, and how an idea becomes a position.

Philosophy first. Process second. Discipline throughout.

Investment Philosophy

Durable Competitive Advantages

Businesses with a moat that protects returns over time.

Excellent Management

Leadership that allocates capital like owners.

Strong Free Cash Flow

Cash generation we can actually underwrite.

High Return on Invested Capital

Evidence the business compounds value efficiently.

Healthy Balance Sheets

Conservative leverage that survives a downturn.

Long-Term Growth Opportunities

A runway measured in years, not quarters.

Attractive Valuation

Price at a reasonable discount to intrinsic value.

Research Process

01

Idea Generation

Members surface candidates from screens, industry reading, and everyday observation.

02

Initial Screening

A quick pass against our philosophy to decide if deeper work is warranted.

03

Research Report

Full write-up: business quality, financials, valuation, and risks.

04

Pitch to Committee

Presented to the Investment Committee for questions and challenge.

05

Vote

Members vote independently, informed by the pitch and debate.

06

Decision

Buy, sell, hold, or reject, carried out and logged.

07

Monthly Review

Every position is revisited monthly to validate or correct the original thesis. A thesis can expire even when the price hasn't moved.

03 · Our Team

Students doing the work, an advisor keeping us honest.

A small roster, so every member carries real ownership of the portfolio.

DB
Advisor

Dan Brick

Oversees every thesis before capital moves, brings outside investing experience to the table, and pushes the group to defend its reasoning rather than its returns.

Executive Board

SB

Sawyer Brick

CIO · Lead Sector Analyst

Directs portfolio strategy while leading coverage of an equity sector directly.

MS

Mason Seehafer

CRO · Director of Research

Owns risk oversight and leads the fund's research process end to end.

RM

Renesh Mylapuram

COO

Runs day-to-day operations and keeps the organization running smoothly.

Team

ML

Mason Long

Director of Communications · Investor Relations

Leads external communications and manages relationships with investors.

WF

Will Frelich

Operations Manager

Keeps the fund's day-to-day operations organized and on schedule.

OQ

Oliver Qualls

Lead Sector Analyst

Leads equity research and coverage for an assigned sector.

JL

James Lyerly

Financial Modeling Analyst · Director of People

Builds financial models and leads member recruitment and development.

AS

Andrew Stiles

Risk Analyst · Lead Sector Analyst

Assesses portfolio risk and leads coverage for an assigned sector.

04 · Latest Research

Notes from the desk.

Member-published write-ups and market commentary.

Company Note

Placeholder: Initiating Coverage

A first-look thesis on a new name entering our watchlist: moat, management, and valuation summary.

Coming soon
Education

How to Read a 10-K

A member walkthrough of where to look first in an annual filing, and what actually matters.

Coming soon
Education

Building a DCF From Scratch

Our internal approach to discounted cash flow modeling, step by step.

Coming soon

Follow along on Instagram

Markets, rates, inflation, earnings reads, and quick lessons: how to build a DCF, how to read a 10-K, and more. (update link with your real handle)

@newinvestmentpartners
05 · Code of Ethics

The standard every member is held to.

Our reputation is our most valuable asset. Expand any article to read the full text.

North East Wisconsin Investment Partners LLC

Code of Ethics

Adopted by the Members of North East Wisconsin Investment Partners LLC
Article I: Purpose

The purpose of this Code of Ethics is to establish the ethical principles that govern every Member, Officer, Advisor, and participant of North East Wisconsin Investment Partners LLC ("NEW Investment Partners" or the "Company").

Our reputation is our most valuable asset. Every Member shall act with integrity, professionalism, and intellectual honesty while representing the Company.

This Code exists to ensure that all investment decisions are made in the best interests of the Company and its Members while promoting an environment of learning, accountability, and respect.

Article II: Mission

We are committed to developing world-class investors through rigorous fundamental research and disciplined capital allocation. Every decision should support this mission.

Article III: Core Values

Every Member agrees to uphold the following values:

  • Integrity
  • Intellectual Honesty
  • Independent Thinking
  • Professionalism
  • Accountability
  • Respect
  • Continuous Learning
  • Long-Term Perspective
Article IV: Integrity

Members shall:

  • Tell the truth in all research, presentations, and communications.
  • Never knowingly provide false or misleading information.
  • Admit mistakes promptly and honestly.
  • Correct material errors as soon as they are discovered.
  • Prioritize honesty over personal pride.

Investment performance shall never justify unethical behavior.

Article V: Research Standards

Members shall:

  • Perform independent research whenever reasonably possible.
  • Clearly distinguish facts from opinions.
  • Support investment conclusions with credible evidence.
  • Properly cite information obtained from outside sources.
  • Make reasonable efforts to verify important facts before presenting them.

No Member shall intentionally omit material information that would significantly change an investment recommendation.

Article VI: Intellectual Honesty

Members shall:

  • Welcome disagreement.
  • Encourage constructive criticism.
  • Challenge assumptions.
  • Consider opposing viewpoints.
  • Change their opinion when presented with stronger evidence.

Winning an argument is never more important than discovering the truth.

Article VII: Professional Conduct

Members shall conduct themselves professionally in meetings, presentations, online communications, and public events.

Members shall:

  • Treat every individual with respect.
  • Allow others to speak without interruption.
  • Debate ideas rather than personalities.
  • Accept criticism professionally.
  • Represent the Company with maturity.

Harassment, intimidation, discrimination, or personal attacks shall not be tolerated.

Article VIII: Confidentiality

Information discussed within NEW Investment Partners shall remain confidential unless approved for public release. Confidential information includes, but is not limited to:

  • Internal discussions
  • Investment deliberations
  • Voting results
  • Financial information
  • Member information
  • Portfolio strategy
  • Unpublished research
  • Internal documents

Members shall not disclose confidential information without authorization.

Article IX: Conflicts of Interest

Members shall promptly disclose any actual or potential conflict of interest. Examples include:

  • Personal ownership of a security being presented.
  • Employment relationships with a company under consideration.
  • Family relationships that could influence objectivity.
  • Financial interests that may impair impartial judgment.

Disclosure does not automatically prohibit participation, but failure to disclose constitutes an ethical violation.

Article X: Personal Investing

Members may maintain personal investment accounts. Members shall disclose personal ownership of any security they recommend to the Company before discussion or voting. Members shall not intentionally manipulate Company decisions for personal financial benefit.

Article XI: Accuracy of Research

Research shall reflect the Member's genuine analysis. Members shall not:

  • Fabricate financial information.
  • Alter data to support a predetermined conclusion.
  • Misrepresent company performance.
  • Intentionally ignore material risks.
  • Present another person's work as their own.

All assumptions used in valuation models shall be reasonable and clearly disclosed.

Article XII: Plagiarism

Plagiarism is strictly prohibited. Members shall properly attribute:

  • Articles
  • Books
  • Research papers
  • Financial reports
  • Charts
  • Images
  • Models
  • Written analysis

Failure to properly credit another author's work constitutes an ethical violation.

Article XIII: Respect for the Investment Process

Members shall:

  • Complete assigned research before meetings.
  • Prepare thoroughly for presentations.
  • Participate in thoughtful discussion.
  • Vote honestly according to their independent judgment.
  • Support decisions made through the Company's governance process.
Article XIV: Fiduciary Mindset

Although the Company is student-led, Members recognize that they are entrusted with the capital of fellow Members. Accordingly, Members shall:

  • Exercise reasonable care.
  • Act in good faith.
  • Place the interests of the Company above personal gain.
  • Make investment decisions only after careful analysis.
Article XV: Public Communications

Only information approved by the Executive Board may be released as official Company communications. Members representing the Company publicly shall:

  • Speak professionally.
  • Avoid misleading statements.
  • Clearly distinguish personal opinions from official Company positions.
Article XVI: Social Media

Members are encouraged to promote financial education responsibly. Members shall not:

  • Share confidential Company information.
  • Misrepresent Company performance.
  • Publish investment recommendations as guarantees.
  • Damage the reputation of the Company.
Article XVII: Compliance with Law

Members shall comply with all applicable laws, regulations, and Company policies. No Member shall knowingly engage in unlawful conduct while acting on behalf of the Company.

Article XVIII: Violations

Examples of violations include:

  • Plagiarism
  • Intentional misrepresentation
  • Fraud
  • Falsification of research
  • Unauthorized disclosure of confidential information
  • Failure to disclose conflicts of interest
  • Conduct damaging to the Company's reputation
  • Repeated lack of professionalism
Article XIX: Disciplinary Actions

Depending upon the severity of the violation, disciplinary actions may include:

  • Verbal warning
  • Written warning
  • Temporary suspension
  • Removal from officer position
  • Expulsion from membership in accordance with the Operating Agreement

Members accused of serious misconduct shall be provided an opportunity to present evidence before a final determination is made, except where immediate action is necessary to protect the Company.

Article XX: Commitment

Every Member of North East Wisconsin Investment Partners LLC affirms the following pledge:

“I will uphold the mission, values, and ethical standards of North East Wisconsin Investment Partners LLC. I will pursue truth through disciplined research, respect differing viewpoints, act with integrity in every decision, and faithfully steward the capital and trust placed in me. I recognize that my character is more important than any investment return and that the reputation of this organization depends upon the conduct of every Member.”

06 · Join the Fund

How membership works.

A straightforward process designed to find members who'll thrive in a research-first culture.

01

Application

Complete the membership application and email it back to us directly.

02

Resume Review

We review your background, coursework, and interest in markets.

03

Interview

A conversation with current members, online or in-person.

04

Research & Stock Pitch Case

A final assignment: research a company and deliver a short pitch, the same way our members do every week.

Ready to apply?

Download the application, fill it out, and email it back to us at the address below. We'll follow up to schedule your interview.

Request the application

Application document link coming soon. For now, applications are sent and returned by email.

07 · Contact

Interested in joining or learning more?

Whether you're a prospective member, a fellow student, or an alum, we'd like to hear from you.

Email
contact@newinvestmentpartners.org
Location
Northeast Wisconsin
Instagram
@newinvestmentpartners
Meetings
Open to prospective members each semester. Reach out for the schedule.