The York University Student Investment Fund (“YUSIF”) was founded in 2004 as an initiative of the York Finance Club (“YFC”), the largest finance club at York University.
From 2004 to 2013, the YUSIF team managed an equity portfolio funded by York Finance Club member contributions. The fund was invested at the beginning of each school year and liquidated at the end of the year, with all capital being returned to investors. While operating under this model, YUSIF was able to successfully expand interest for investing amongst undergraduate business students. However, this fund structure presented many disadvantages – the short-term investment horizon failed to allow for proper diversification, and students were not obtaining the real-world experience of managing an investment fund. For these reasons, the YUSIF executive team, in consultation with York University administration, spent the 2013-2016 establishing a formal structure and procedures for a new endowment fund.
YUSIF was re-launched as an official endowment fund with real capital on March 23, 2016.
In 2016, YUSIF was re-launched as an endowment managed by students, and supported by York University and alumni. Generous donors have provided YUSIF with $60,000 of seed capital. The goals of YUSIF are:
- Provide real-world opportunities to for student-analysts to apply course content, and develop skills relevant for developing careers in financial services
- Educate the broader undergraduate business community on the importance of financial markets and investing
- Use fundamental research to identify investments that provide returns exceeding our blended benchmark
- Distribute a portion of investment returns to create scholarships and financial aid opportunities at York University