The Office of Undergraduate Programs and Advising along with the GW Investment Institute recently sponsored a team of three undergraduate GWSB students to participate in the McGill International Portfolio Challenge (MIPC). GWSB team members: Joseph McCluskey, BBA ’21, Gabrielle Picard, BSF ’21, Dinesh Prabaharan, BBA ’20, Francisco Solorzano, MBA ’20 (advisor), and Rodney Lake, MBA ’03 (faculty advisor).
The McGill International Portfolio Challenge is the world’s premier buy-side university finance competition, hosted by McGill University, Montréal, Canada.
Approximately 340 participants comprising more than 100 teams from 87 universities participated in the first round, out of which 25 teams made the semi-final round and were invited to McGill University, Desautels Faculty of Management, Montréal, Canada to present their proposals to a panel of Canadian institutional asset management industry leaders on November 8 and 9, 2019.
The theme of this year’s challenge, long-term environmental sustainability in buy-side finance, centered on a fictional Canadian province’s asset manager’s challenge in devising an optimal portfolio allocation strategy that implements a more sustainable investment strategy, while accommodating competing interests of the different stakeholders involved, and especially addressing climate change risks.
MIPC runs the competition in partnership with Canada’s leading institutional managers, including Ontario Teachers’ Pension Plan, PSP Investments, Caisse de dépôt et placement du Québec, CIBC Asset Management, BlackRock, Canadian Pension Plan Investment Board, Société Générale and Lombard Odier Group.
We are extremely proud of our GWSB team, their hard work, and for placing in the top 25 as semifinalists in the competition!