Mackenzie Investments’ $500k gift boosts student-run portfolio at QSB

Posted on March 26, 2014

QUIC CEO Ben Goharian, Comm’14 (left), with Jeff Carney, BCom’84, President & CEO Mackenzie Investments.
QUIC CEO Ben Goharian, Comm’14 (left), with Jeff Carney, BCom’84, President & CEO Mackenzie Investments.

TORONTO – March 25, 2014 – The Queen’s University Investment Counsel (QUIC), a student-run investment portfolio at Queen’s School of Business (QSB), has received a gift of $500k along with mentorship support from Mackenzie Investments that will almost double the assets in the portfolio and enable more students to participate.

“Mackenzie Investments’ gift will ensure Queen’s students gain valuable hands-on investment knowledge about a broader set of global financial topics,” said David Saunders, Dean, Queen’s School of Business. “Queen’s prides itself on academic excellence and an exceptional student experience, and QUIC provides an unparalleled opportunity for students to develop skills in finance through real-world investing.”
Founded in 2003, QUIC managed a notional investment portfolio until 2010, when QSB seeded the fund with $500,000 and the Counsel was structured as an unincorporated asset manager. The original portfolio is now valued at $693,000.

With the donation from Mackenzie Investments, QUIC will establish a second new equity portfolio in the fund focusing on world equities. This new portfolio will also enable QUIC to add eight new positions to its current membership of 25 portfolio managers and analysts.

QUIC members are divided into sector teams, each of which manages a portion of the overall portfolio. The team meets weekly to monitor the fund’s performance, and discuss market trends and investment strategies. In addition to the financial donation, Mackenzie Investments will also provide mentorship through speaking, judging and internship opportunities.

Beyond asset management, QUIC conducts educational initiatives to improve the finance knowledge of Queen’s students, including tutorials, interview workshops, stock market simulations, and a guest speaker series. An Alumni Advisory Council and Board of Directors oversees the executive team.

Visit www.quiconline.com to learn more about QUIC and track the progress of its investments.

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About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $67.6 billion in assets under management as at February 28, 2014, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada’s premier financial services companies with $135.9 billion in total assets under management as at February 28, 2014. For more information, visit mackenzieinvestments.com.

About Queen’s School of Business
Queen’s School of Business is one of the world’s premier business schools—renowned for exceptional programs, outstanding faculty and research, and the quality of its graduates. Canadian executives regard Queen’s as Canada’s most innovative business school, offering students academic excellence and a superior overall experience. Queen’s School of Business—where Canada’s first Commerce program was launched in 1919—is located at Queen’s University in Kingston, Ontario. The School also delivers programs at locations across Canada, as well in the U.S., the Middle East and North Africa (MENA) region and China.

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For more information contact:

Amber Wallace, Queen’s School of Business
613.533.3151
awallace@business.queensu.ca


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