Nittany Lion Fund, LLC | 1,594 followers on LinkedIn. Penn State Students Managing Millions | The Nittany Lion Fund is a ~$13.50 million dollar hedge fund run exclusively by undergraduate students at Penn State. The first of its kind in the country, the Nittany Lion Fund manages 76 investors' capital rather than a university endowment. The organization provides students the chance to make real investment decisions regarding its 78 equities while exploring the intricacies of the financial world.