The Student Investment Fund (SIF) at the University of New Brunswick in Fredericton continues to outperform other student-managed funds, both nationally and internationally.
Students in the SIF program took first place at the international Redefining Investment Strategy Education (RISE) global student investment forum in Dayton, Ohio last month.
“It’s no fluke,” said Glenn Cleland, professor in the faculty of business administration. “This is our third win at the prestigious RISE competition. This time we placed first in the undergraduate equity growth category. UNB was the only Canadian university to win in this year’s competition. ”
RISE attracted 1,700 students, faculty and industry professionals representing 218 colleges and universities from 60 countries.
“Attending the RISE forum in Ohio was a great opportunity for me to hear topical insights from experienced Wall Street professionals,” said Ken Fox, fourth-year business student. “Competing with many other student-managed funds from around the world on the basis of our 2006 investment performance figures was quite exciting also.” Mr. Fox, research analyst and portfolio manager for the SIF, has secured an investment banking job with TD Securities in Toronto following graduation.
Speakers and panelists at the investment forum represented the senior ranks of investment firms, industry service providers and regulatory agencies. They included Fidelity Investments, Merrill Lynch, UBS Investment Bank, Morgan Stanley, Reuters, Bloomberg & Morningstar, and the Securities and Exchange Commission.
“One of the features that makes the SIF program unique is the enhanced indexation approach to investing which allows the students flexibility in making investment decisions,” said Prof. Cleland.
Prof. Cleland and Mr. Fox made a stop in Chicago on their way to the RISE competition. They visited the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade and went on the floor of the Chicago Board Options Exchange amidst a flurry of activity. CME became the first publicly traded financial exchange on Dec. 6, 2002. It is the largest and most diverse financial exchange in the world.
The SIF program was created in 1998 through the collaborative efforts of UNB Fredericton’s faculty of business administration and the New Brunswick Investment Management Corp. The corporation entrusted SIF with investment stewardship over $1 million of its pension assets. Students, under the guidance of faculty advisers, have grown the initial investment to over $2 million through thoughtful investment decision-making.
The Student Investment Fund is the core program within UNBF’s Centre for Financial Studies. The centre’s next event is the futures Atlantic Symposium, a financial recruitment and educational forum, being held Sept. 13 and 14. For further information, visit www.futuresatlantic.com .
For more information, contact Susan Boyce at sboyce@unb.ca or (506) 453-4895.
Dr. Bob Froehlich (centre), Chairman, Investor Strategy Committee, Deutsche Asset Management, and Moderator of the R.I.S.E. Global Student Investment Forum, with UNB student investor, Ken Fox, and Prof. Glenn Cleland on stage at the Forum banquet in Dayton, Ohio following the announcement of UNB Student Investment Fund program’s first place ranking in the undergraduate equity growth category.