National Bank Investments Inc. (NBI) is proud to announce the launch of a $5 million fund managed entirely by HEC Montréal students. The NBI-HEC Montréal Fund allows students to take on a challenge that’s truly one of a kind: managing a multi-asset portfolio based on current market conditions, which are now more complex than ever before.
- The fund will go over and above traditional security
selection, focusing on portfolio construction, risk budgeting,
selecting investment vehicles and translating the economic context
into an asset allocation strategy.
- Team members will be asked to estimate expected returns and long-term risks for major asset classes, manage their tactical allocations, establish an optimal balance between active and passive management and ensure compliance with NBI’s criteria for excellence, which stand out thanks to our 100% open architecture model.
- The current team is made up of students playing specific roles based in their designated group (Investments, Investor Relations, and Research, Development & Information Technology). The project is being overseen by Tolga Cenesizoglu and Alain Elkaim, Associate Professor and Full-time Lecturer and Trading Room Coordinator respectively at HEC Montréal.
- National Bank has partnered with HEC Montréal for numerous initiatives over the years, including the Institute for Entrepreneurship National Bank | HEC Montréal, CDL-Montreal, and the Accélérateur Banque Nationale – HEC Montreal (French only).
- “Having high-quality, relevant university training in
portfolio management is important for NBI. By creating this fund, we
can enable a team of motivated students to enhance their excellent
academic learning with a unique, hands-on, high-quality experience,”
explained Pierre Laroche, Strategist at NBI.
- “This project allows us to apply what we’ve learned about
financial markets throughout university,” noted Samuel Vallée,
president of the fund and master’s student in financial engineering.
“NBI has called on us to build our own investment process and unique
culture, while supporting us in implementing the fund.”
- “Through their involvement in the NBI-HEC Montréal Fund, our students can complement their academic studies with actual portfolio management experience based on some of the finest practices in the industry. This enriching experience will help them launch their professional careers with a clear competitive advantage,” added Tolga Cenesizoglu, Associate Professor and Alain Elkaim, Full-time Lecturer and Trading Room Coordinator at HEC Montréal.