Since its inception in May, 1998, the Golden Gopher Growth Fund has substantially outperformed its benchmark Russell 2000 Index by several basis points. But the fund does not have a chance of heading any best performing fund list. The fund is actually a private quasi-mutual fund investment run by a team of twelve MBA students at the University of Minnesota's Carlson School of business. The fund invests in micro- to small cap companies based in the Minneapolis area.
The Gopher fund is among a handful of mutual funds managed by business school students nationwide.