College students with the drive to launch new business ideas are the real future of America. For proof, look no further than the likes of Bill Gates or Mark Zuckerberg.

Today, three enterprising students in North Carolina are taking investments to a new level.

North Carolina College Students Launch Hedge Fund

Three North Carolina college students will surely get credit for this extracurricular activity: They’ve launched a global macro hedge fund.

Elliot Carol, Marcus Varsano and Ryan Mahoney formed Lumina Investments in 2011. Carol (chairman and principal) and Varsano (director of investor relations) are students at the University of North Carolina Wilmington’s Cameron School of Business. Mahoney, the firm’s specialist in global securities and derivative structures, is a student at East Carolina University.

Their first fund will invest in equities, commodities, fixed-income and currencies in an effort to exploit political and economic volatility worldwide. Carrol said they’ve received “invaluable” counsel and support from a group of traders, business leaders and investors from around the world.

“Globalization has increased correlation and volatility among international financial markets. We believe there is upside investment opportunity through a strategy founded on understanding international developments and their global impact,” said Carol, in a statement.