$7.5 million grant for business school

November 04, 2004, vol. 31, no. 5
By Diane Luckow



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A tantalizing preview last month of the new Segal graduate school of business included some major funding announcements.

Amidst a backdrop of heritage marble columns and new steel support beams, B.C. Premier Gordon Campbell announced $7.5 million toward the heritage building's restoration, matching the $7.5 million initially donated by SFU chancellor emeritus Joseph Segal and his wife Rosalie.

The Norshield Financial Group of Montreal announced a significant contribution to establish a new research centre at the school, the Norshield Absolute Returns Centre. This centre will support much-needed research into the risks, returns and overall investor suitability of absolute return investment strategies.

These strategies go beyond traditional capital asset and portfolio models to produce higher rates of return using investments that have a low correlation to traditional benchmarks, such as the S&P/TSX composite Index.

The RBC Foundation announced a $600,000 endowment for an RBC professorship in technology and innovation, to be held by SFU business dean Ernie Love. Love will work with new research centres at the Segal graduate school of business, and with the management of technology MBA program, to investigate the best practices for deploying and managing innovation in emerging technologies.

Scotiabank announced a $250,000 endowment for scholarships for global asset and wealth management MBA students, while the Vancouver Sun announced its support for a Vancouver Sun reading room in the new building.

The funding announcements pushed the Segal school's campaign total past $20 million. The campaign goal is $25 million.

The school is slated to open for classes in September 2005.

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