The traders on Bay Street are busy investing in Canada’s struggling economy, while at Dalhousie, students are busy investing in the Dalhousie CRMBA Hedge Fund. “Hedge Fund” is an MBA-operated club that gives students the opportunity to immerse themselves in the world of investments. But don’t worry! Our MBAs aren’t mortgaging away their tuition money; all investing is done with fictional funds ($20 million to be precise). That’s not to say that the stakes aren’t high though. At the beginning of the year, thirty students were divided into five teams, each competing to have the highest returns at the end of December.
Hedge Fund gives students interested in capital markets (or personal investing) the opportunity to get their hands dirty without losing their shirts. The club brings together students with a wide range of finance experience – from first years currently enrolled in their first finance class, to second years with a corporate residency on Bay Street under their belts. In the second half of the school year, the club will be organizing a speaker series with professionals in the investment industry. In the end, the aim of the club is to provide students interested in finance with a platform to hone their skills and an opportunity to network with professionals in the industry.
In the past, the club was run as a single team, broken into groups that covered specific industries. The club utilizes the very financially powerful Bloomberg Terminals. These terminals have live access to markets and news across the world. This year, the club was split up in an attempt to encourage some friendly competition. Teams are competing for a first place prize, and of course, investment bragging rights. So far it’s a close race, with the top three teams separated by less than $1.5 million. Some teams are taking a conservative approach, while others are borrowing funds to cover investments. Some teams are up, and some are down. But win or lose, everyone is having a great time investing in their finance skills.