UNBC STUDENTS WIN INVESTMENT COMPETITION
July 23, 2004 for immediate release
UNBC students have placed first in a BC competition that tests their ability to gain the maximum return from investments.
The
BC Universities Portfolio Challenge ran from October, 1993, to March,
2004, and required that teams make a hypothetical $1,000,000 investment
into a portfolio that could comprise of common shares, options, and/or
cash. A total of 105 teams participated this year, involving about 250
students from UBC, the University of Victoria, Simon Fraser University,
Royal Roads University, and UNBC.
UNBC placed first with a final portfolio of just over $1.11 million, representing an 11.1% increase. UVic placed second after achieving an average return of 11%. The top three teams from UNBC were led by students Richard West, Dustin White, and Abdirahman Mohamed.
"The excellent results shown by the UNBC teams are a good indication of the overall quality of UNBC's Commerce students," says professor Charles Schell. "Our program isn't the biggest or the best known, but our students can compete with the best. The successes of our alumni prove it: our grads have found employment with most of Canada's leading financial institutions, including all of the chartered banks, private equity providers, and investment banks."
The BC Universities Portfolio Challenge is sponsored by the BC Securities Commission, Odlum Brown Limited, Leith Wheeler Investment Counsel Limited, and the Canadian Securities Institute. The annual competition began 10 years ago.
In 2002, UNBC's Finance students placed first in a national investment challenge sponsored by TD Waterhouse. This competition was open to teams from universities across Canada.
Caption for photo
UNBC students Abdirahman Mohamed, Richard West, Matthew Vigue, and Dustin White, with Mike Bernard of the BC Securities Commission.
UNBC students have placed first in a BC competition that tests their ability to gain the maximum return from investments.
The
BC Universities Portfolio Challenge ran from October, 1993, to March,
2004, and required that teams make a hypothetical $1,000,000 investment
into a portfolio that could comprise of common shares, options, and/or
cash. A total of 105 teams participated this year, involving about 250
students from UBC, the University of Victoria, Simon Fraser University,
Royal Roads University, and UNBC.
UNBC placed first with a final portfolio of just over $1.11 million, representing an 11.1% increase. UVic placed second after achieving an average return of 11%. The top three teams from UNBC were led by students Richard West, Dustin White, and Abdirahman Mohamed.
"The excellent results shown by the UNBC teams are a good indication of the overall quality of UNBC's Commerce students," says professor Charles Schell. "Our program isn't the biggest or the best known, but our students can compete with the best. The successes of our alumni prove it: our grads have found employment with most of Canada's leading financial institutions, including all of the chartered banks, private equity providers, and investment banks."
The BC Universities Portfolio Challenge is sponsored by the BC Securities Commission, Odlum Brown Limited, Leith Wheeler Investment Counsel Limited, and the Canadian Securities Institute. The annual competition began 10 years ago.
In 2002, UNBC's Finance students placed first in a national investment challenge sponsored by TD Waterhouse. This competition was open to teams from universities across Canada.
Caption for photo
UNBC students Abdirahman Mohamed, Richard West, Matthew Vigue, and Dustin White, with Mike Bernard of the BC Securities Commission.
