Fifteenth edition of the HEC Montréal Inter-University Trade Exchange Simulation Competition: the Caisse awards first prize to Université du Québec à Trois-Rivières

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UQTR students earned top honours in the 15th edition of the HEC Montréal Inter-University Trade Exchange Simulation Competition (SBIU in French), held yesterday on the Parquet of Centre CDP Capital. The winning delegation was awarded a bursary of $2,000 by the Caisse de dépôt et placement du Québec. An UQTR team came in first place with an average portfolio of $5.2 million. The HEC and another team from UQTR ranked second and third, with portfolios averaging $4.2 million and $3.8 million, respectively. “The Caisse is committed to contributing to the development of the next generation of world-class financial market leaders,” said Jean-Luc Gravel, Executive Vice-President, Equity Markets. “The message we want to convey to these students is that to meet the challenges posed by today’s uncertain, volatile markets, they absolutely need to apply rigorous investment analysis and have in-depth knowledge of companies.” This simulation exercise recreates a financial market's trading activity. It brought together more than 465 finance and administration students from 12 universities. Participants were given the task of trading a fictitious investment portfolio valued at one million dollars. Participants represented the following universities: HEC Montréal, Université Laval, Université du Québec à Montréal, Université du Québec à Trois-Rivières, Université de Montréal, Université du Québec en Outaouais, Université de Sherbrooke, McGill University, Concordia University, École de technologie supérieure, École Polytechnique de Montréal and Massachusetts Institute of Technology (MIT). The SBIU is an initiative of the Société de Relations d'Affaires HEC Montréal. It has been made possible thanks to the support of the Caisse de dépôt et placement du Québec, Ivanhoé Cambridge and CGI, which recognize the efforts and achievements of students with a keen interest in finance and economics. ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2011, it held $159.0 billion in net assets. As one of Canada’s leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: www.cdpq.com. false false false