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Student Investment Advisory Service
Student Investment Advisory Service (SIAS Fund) is type of student managed investments fund and part of Simon Fraser University (SFU) Endowment Portfolio managed by Master of Science in Finance program candidates at SFU business school. The fund follows a value investing mandate, set by the client (the SFU Treasurer, Mr. Michael Murdock) through a conservative Investment Policy Statement (IPS). The SIAS portfolio is composed of four actively managed asset classes: Cash, Canadian Equity, Global Equity and Fixed Income. At the beginning of the program (academic year), candidates (investment managers) go through extensive training via three sources: (1) the previous SIAS cohort, (2) faculty members and most importantly, (3) a group of elite industry professionals, before they are handed down the power. Additionally, the new investment managers are immediately grouped into six managing teams, namely Economics and Strategy, Canadian Equity, Global Equity, Fixed Income, and Risk Metr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Student Managed Investments
A student managed investment fund is a pool of money which business students invest as a learning experience. As of 2008, more than 200 universities in the United States have student-run funds, which vary in size from several hundred thousand dollars to millions of dollars. The funds to be managed come from various sources, such as gifts from private individuals and corporations, gifts from foundations, and from university endowment or foundation assets. Some student managed investment funds such as the University of Texas at Austin manage funds for private clients, who are accredited investors under U.S. securities laws. Another source is the loan that supplies the funds at Cameron University. Some student managed investment funds are organized by function (accounting, public relations, etc.), while others such as the Lemma Senbet Fund are organized by economic sectors ( Consumer Products, Energy Industry, Information technology, etc.). The business students managing the fund ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simon Fraser University
Simon Fraser University (SFU) is a public research university in British Columbia, Canada, with three campuses, all in Greater Vancouver: Burnaby (main campus), Surrey, and Vancouver. The main Burnaby campus on Burnaby Mountain, located from downtown Vancouver, was established in 1965 and comprises more than 30,000 students and 160,000 alumni. The university was created in an effort to expand higher education across Canada. SFU is a member of multiple national and international higher education associations, including the Association of Commonwealth Universities, International Association of Universities, and Universities Canada. SFU has also partnered with other universities and agencies to operate joint research facilities such as the TRIUMF, Canada's national laboratory for particle and nuclear physics, which houses the world's largest cyclotron, and Bamfield Marine Station, a major centre for teaching and research in marine biology. Undergraduate and graduate programs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Endowment
A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be (and in some cases must be) spent each year, utilizing a prudent spending policy. Endowments are often governed and managed either as a nonprofit corporation, a charitable foundation, or a private foundation that, while serving a good cause, might not qualify as a public charity. In some jurisdictions, it is common for endowed funds to be established as a trust independent of the organizations and the causes the endowment is meant to serve. Institutions that commonly manage endowments include academic institutions (e.g., colleges, universities, and private schools); cultural institutions (e.g., museums, librarie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portfolio (finance)
In finance, a portfolio is a collection of investments. Definition The term “portfolio” refers to any combination of financial assets such as stocks, bonds and cash. Portfolios may be held by individual investors or managed by financial professionals, hedge funds, banks and other financial institutions. It is a generally accepted principle that a portfolio is designed according to the investor's risk tolerance, time frame and investment objectives. The monetary value of each asset may influence the risk/reward ratio of the portfolio. When determining asset allocation, the aim is to maximise the expected return and minimise the risk. This is an example of a multi-objective optimization problem: many efficient solutions are available and the preferred solution must be selected by considering a tradeoff between risk and return. In particular, a portfolio A is dominated by another portfolio A' if A' has a greater expected gain and a lesser risk than A. If no portfolio dominate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Investing
Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. The various forms of value investing derive from the investment philosophy first taught by Benjamin Graham and David Dodd at Columbia Business School in 1928, and subsequently developed in their 1934 text ''Security Analysis''. The early value opportunities identified by Graham and Dodd included stock in public companies trading at discounts to book value or tangible book value, those with high dividend yields, and those having low price-to-earning multiples, or low price-to-book ratios. High-profile proponents of value investing, including Berkshire Hathaway chairman Warren Buffett, have argued that the essence of value investing is buying stocks at less than their intrinsic value. The discount of the market price to the intrinsic value is what Benjamin Graham called the " margin of safety". For the last 25 years, under the influence of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Policy Statement
Regulations There are two levels of legal and regulatory oversight: the legal requirements for clients who are Fiduciary, fiduciaries or trustees for an account, and the regulations applicable to an advisor's practice. It is important to understand the requirements for each. ERISA An investment policy is required under virtually all investor circumstances, with the exception of individual investors. According to the US Employee Retirement Income Security Act of 1974, as amended (ERISA), for every qualified company retirement plan (e.g., 401[k], profit sharing, pension, 403[b]) there are certain fiduciary responsibilities for managing the plan assets with the care, skill, prudence and diligence of a prudent expert and by diversifying the investments of the plan so as to minimize the risk of large losses. The IPS documents these fiduciary responsibilities and ensures fiduciaries are adhering to these responsibilities. When auditing an ERISA plan, the U.S. Department of Labor regula ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Risk Management
Financial risk management is the practice of protecting economic value in a firm by using financial instruments to manage exposure to financial risk - principally operational risk, credit risk and market risk, with more specific variants as listed aside. As for risk management more generally, financial risk management requires identifying its sources, measuring it, and the plans to address them. See for an overview. Financial risk management as a "science" can be said to have been born with modern portfolio theory, particularly as initiated by Professor Harry Markowitz in 1952 with his article, "Portfolio Selection"; see . Financial risk management can be qualitative and quantitative. As a specialization of risk management, financial risk management focuses on when and how to hedge using financial instruments to manage costly exposures to risk. *In the banking sector worldwide, the Basel Accords are generally adopted by internationally active banks for tracking, reporting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Education In Canada
Education in Canada is for the most part provided publicly, and is funded and overseen by provincial, territorial and local governments. Education is within provincial jurisdiction and the curriculum is overseen by the province. Education in Canada is generally divided into primary education, followed by secondary education and post-secondary. Within the provinces under the ministry of education, there are district school boards administering the educational programs. Education is compulsory in every province and territory in Canada, up to the age of 18 for Manitoba, New Brunswick, Nunavut, and Ontario, and up to the age of 16 for other jurisdictions, or as soon as a high school diploma has been achieved. In some provinces early leaving exemptions can be granted under certain circumstances at 14. Canada generally has 190 (180 in Quebec) school days in the year, officially starting from September (after Labour Day) to the end of June (usually the last Friday of the month, exce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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