Second place at the School’s interuniversity trading simulation
March 28, 2012
The HEC Montréal Student Investment Fund, consisting of Alexandre Buissières, Marc-André Lemieux, Samuel Leroux and Bernard Piché, took second place in the 15th edition of the HEC Montréal SBIU on March 17, on the floor of Centre CDP Capital. The team won a prize of $1,500.
Organized by the Société de relations d'affaires (SRA), the simulation is designed to recreate trading in a financial market where contestants have to manage a $1 million portfolio of fictitious securities. This year the international event drew more than 465 finance and administration students from 12 universities. The UQTR team took first place with an average portfolio of $5.2 million, followed by the HEC Montréal team with an average portfolio of $4.2 million and a second UQTR team in third place, with an average portfolio of $3.8 million.
Note also that two of the School’s BBA students received individual recognition: Maxime Raymond, in second place with an ROI of 811% and a portfolio of $9.1 million, and Pheonix Hoang, in third place with an ROI of 474% and a portfolio of $5.7 million. The School was represented by 6 teams from the BBA and MSc programs.
Participating universities
École Polytechnique de Montréal, École de technologie supérieure, HEC Montréal, Massachusetts Institute of Technology (MIT), Concordia University, Université Laval, McGill University, Université de Montréal, Université du Québec à Montréal, Université du Québec en Outaouais, Université du Québec à Trois-Rivières and Université de Sherbrooke.
Left to right: Bernard Piché, Marc-André Lemieux, Alexandre Buissières and Samuel Leroux.