Faculty of Business Administration - University of New Brunswick

 

October 2005 - News


Indian High Commissioner Visits UNB

October 25, 2005

Her Excellency Shyamala Balasubramanian Cowsik, High Commissioner of India to Canada, addressed a forum comprised of 40 members from the university community on October 24. The presentation, which took place on October 24, was hosted by the Faculty of Business Administration, was entitled “Why India Matters.”

The High Commissioner said that while India has, indeed “mattered” throughout history for its spiritual treasures. Alexander the Great and other conquerors, as well as traders, have coveted India’s wealth and treasures. India matters even more today as experts predict it will be the world’s third largest economy by 2035 with a 100 per cent literacy rate and a population of 1.5 billion.

Being seen by foreign partners as a source for advanced research and development and an innovator in technology, India has a direct impact on corporations around the world. One of the main advantages that India possesses is an immense population, of which 54 per cent is under 25 years old. With the majority of the world getting older, India matters because it is the future.

Mclean Budden Ltd. wins SIF’s Canadian Money Manager Award ™

October 13, 2005

Mclean Budden Ltd. is the recipient of the fourth annual Canadian Money Manager Award™, as chosen by the students in the Faculty of Business Administration’s Student Investment Fund (SIF). The award ceremony took place on October 12, 2005, at UNB’s Wu Conference Centre.

Using various criteria the SIF chose Mclean Budden Ltd. as the company they would hire to manage their Canadian equities portfolio. Accepting on behalf of Mclean Budden Ltd. was Vice President Hans van Monsjou, who delivered a presentation on the background of income trusts to close the ceremony.

The Canadian Money Manager Award™ was established in 2002 by students in UNB’s Student Investment Fund course. Students use industry standard software provided by Morningstar Canada to determine the best Canadian equity money managers based on statistical skills. A short list of three firms is determined then students send out a questionnaire to determine if the company has the four P’s of successful money management firms: people, philosophy, process and performance. The SIF’s Canadian Money Manager Award™ is the only award of its kind in Canada that we know of. Previous recipients of this award are:

2004 Phillip, Hager and North Investment Management Ltd.
2003 Jarislowsky Fraser Limited
2002 Jarislowsky Fraser Limite