Phillips, Hager & North Investment Management Ltd., one Canada’s most well-respected investment firms is making a contribution of $100,000 to the University of New Brunswick in support of the Centre for Financial Studies, as part of UNB’s Forging Our Futures campaign. The donation will directly benefit UNB’s award-winning Student Investment Fund (SIF), which provides business students with real investment experience in Canada’s growing financial services industry.
Two-thirds of the Phillips, Hager & North donation will go to support the development of the Centre through the purchase of new software, an expansion of existing facilities and support for faculty. The investment will help position the Centre as it looks to establish a new master of finance program in the next few years. The remaining one-third will be invested in a Phillips, Hager & North Investment Management Scholarship, which will award two $2,500 scholarships to undergraduate students in the Faculty of Business Administration.
More than 60 SIF graduates have written the CFA Level One exam. Their 54 per cent pass rate is well above the average industry success rate of 46 per cent over the 1999-2005 period.
Established in 1964, Phillips, Hager & North Investment Management Ltd. is one of Canada's largest independent investment managers. The firm manages over $55 billion in assets on behalf of corporate and multi-employer pension plans, non-profit organizations and individuals across Canada.
