Student-run Investment Counsel to manage real money portfolio

The Queen’s University Investment Counsel (QUIC) announced the launch of a real money portfolio in November. Under the leadership of fourth-year Commerce students Andrew Iu (CEO), Mark Vesely (Chief Investment Officer), and Jeff Gallant (Chief Strategy Officer) the Counsel is structured as an unincorporated asset manager overseeing an initial portfolio of $500,000 in investment funds.

Founded in 2003, QUIC managed a notional investment portfolio until this year, when QSB seeded the fund. Students raised additional funds and donations from alumni made up the balance.

QUIC is comprised of 25 student portfolio managers and analysts divided into teams which manage a portion of the portfolio. The group also conducts educational initiatives such as tutorials and stock market simulations, and offers a guest speaker series open to all Queen’s students.

An Alumni Advisory Council and Board of Directors will oversee the executive team. Board members include Peter Copestake, Chair and QSB Executive-in-Residence; Shannon Goodspeed, Executive Director, Commerce Program; and QSB Finance professors Lynnette Purda, Lew Johnson, and Bill Cannon.

To donate to the student investment fund, please contact QSB Development Officer Sarah Roth at sroth@business.queensu.ca or 800.267.7837.