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SFU students manage $6 million endowment
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June 11, 2003
Simon Fraser University MBA student Jeff Young, 33, is one of 18 students managing a $6 million university endowment fund. It is the largest endowment fund in Canada to be managed by students.
All of the students are completing their first year in the new Global Asset and Wealth Management (GAWM) MBA program. It is the only finance-oriented MBA in Canada to place a significant emphasis on both traditional financial theory as well as the more practical ‘architectural’ aspects such as investment counseling, estate planning and client relationships.
The student fund managers, known on campus as the Student Investment Advisory Service, are putting theory into practice as they manage the Canadian equities portion of the endowment. The fixed income and global equities components will be added within the next few months.
The endowment was provided by The Lohn Foundation, a long-time supporter of SFU Business.
"It’s a prime opportunity for our students to practice investment management skills," says associate professor Peter Klein, who is a Chartered Financial Analyst and academic director of the program. "Further, the money is being managed for a purpose, since there is a ‘client’ – the university - which uses the returns from the fund to support institutional goals, including student bursaries."
"This activity requires our students to provide a comprehensive range of services – not just the typical investment engineering but also the formulation of appropriate investment policies," he adds.
"The Global Asset and Wealth Management MBA is an excellent program," says Young, a Chartered Financial Analyst who joined the first class last September. "I was attracted to it because it’s unique. They really try to bridge the theoretical aspects with practical realities."
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Contact
Peter Klein, 604.268.7922; pklein@sfu.ca
Diane Luckow, 604.291.3210; diane_luckow@sfu.ca
All of the students are completing their first year in the new Global Asset and Wealth Management (GAWM) MBA program. It is the only finance-oriented MBA in Canada to place a significant emphasis on both traditional financial theory as well as the more practical ‘architectural’ aspects such as investment counseling, estate planning and client relationships.
The student fund managers, known on campus as the Student Investment Advisory Service, are putting theory into practice as they manage the Canadian equities portion of the endowment. The fixed income and global equities components will be added within the next few months.
The endowment was provided by The Lohn Foundation, a long-time supporter of SFU Business.
"It’s a prime opportunity for our students to practice investment management skills," says associate professor Peter Klein, who is a Chartered Financial Analyst and academic director of the program. "Further, the money is being managed for a purpose, since there is a ‘client’ – the university - which uses the returns from the fund to support institutional goals, including student bursaries."
"This activity requires our students to provide a comprehensive range of services – not just the typical investment engineering but also the formulation of appropriate investment policies," he adds.
"The Global Asset and Wealth Management MBA is an excellent program," says Young, a Chartered Financial Analyst who joined the first class last September. "I was attracted to it because it’s unique. They really try to bridge the theoretical aspects with practical realities."
-30-
Contact
Peter Klein, 604.268.7922; pklein@sfu.ca
Diane Luckow, 604.291.3210; diane_luckow@sfu.ca