Here you can find an overview of our most received questions and the corresponding answers.
Investing is Sigmas core activity, but we also organize lectures for our members on investment related topics, financial companies in-house days, and workshops on financial topics. After our regular meetings we usually meet in the Preuverij for a drink and use the opportunity to exchange ideas or simply to socialise.
No. Everybody has equally one vote.
Sigma is a very old study association, every year Sigma welcomes a large amount of new members, but it also says goodbye to many members that leave the University of Maastricht to pursue a great career path. In recent years the organisation has had about 50 active members each year and 200 non-active members.
To join Sigma Investments, you have to invest at least 500 Euros. Once this amount is paid, you receive a "note of remittance" as a proof of payment. All your money will be put into your portfolio when you join. Your share in the portfolio will be calculated as your contribution divided by the total portfolio value (including your contribution) at the time you join. The shares of other members when you are joining will also change accordingly, so that at all time the sum of all the members' shares will be 1.
In case you want to quit, which you are always free to do, you will be paid out by your current Sigma share multiplied by the current value of the portfolio. Note that, whenever a new member joins or a current member withdraws, your Sigma share will change. You will be notified about this promptly. Partial withdraw is possible to the extent that your remaining contribution is still not less 500 Euro. Of course, you can also add money.
If you are highly motivated to organise one of the activities with some top investment companies, or are interested in managing part of Sigma Investments and one of our activities, we would like to invite you to contact us about this. We will be glad to meet you and talk about the opportunities which are available to you.
Sigma has a long history. In cooperation with study association Future it has grown over the years. Due to legal limitations (Regeling van 9 oktober 1990 tot uitvoering van artikel 14 van de wet toezicht beleggingsinstellingen, staatscourant 198 1 & Toelichting) the structure of Sigma had to change. A complete makeover has been combined with the structural changes. The old Sigma portfolio (worth some 30,000 Euro) has been liquidated since June 2001, and paid out to the members. This is due to the new Dutch central bank's ruling that investment clubs in the Netherlands may not have more than 25 members. Alumni Sigma Members are welcome to contact us or join any of our activities.
The regular meetings of Sigma Investments take place every Monday, starting at 7 p.m. at the School of Business and Economics. The structure of the meetings is as follows: first, an overview of the most important news headlines and an industy analysis are provided to the attendees. Second, financial developments (performance) of the portfolio and organisation are briefly explained. Finally, stockpitches take place and the members can vote; determining whether the financial instrument will be acquired or not. Usually, the meetings take about one hour. After the meetings, most of the members and visitors get together at the Preuverij for some socializing. The language we use in our organisation is English, providing you the opportunity to improve your English.
Our portfolios are basically open to all financial markets throughout the world. There shall be no restriction on the kind of assets or the amount of assets the portfolio contains, as long as the proposed transaction is approved in the Sigma meeting. (Procedures are explained in details in the following paragraphs.) There is one restriction, however, concerning security positions, namely no uncovered positions shall be allowed. In other word, it is forbidden to take either long or short positions in future contracts trading. More specifically, when buying or selling future contracts, the underlying assets must be hedged. This restriction, however, does not apply to options trading.
The first portfolio started investing in October 2002. The second portfolio started investing in December 2003.