Beedie Endowment Asset Management Fund
Founded in 2011 with the generous support of the Beedie family, Beedie Endowment Asset Management (BEAM) is an investment fund run entirely by undergraduate students from Simon Fraser University’s Beedie School of Business.
- BEAM is one of the largest undergraduate student-run investment funds in Canada, with $8.8 million (as of March 31, 2022) invested in Canadian equities, fixed income, and cash.
- BEAM is truly student-run. The members are responsible for administering the group, preparing economic research and analysis, and making investment decisions. The Faculty Advisor and Program Advisor provide minimal guidance and feedback when necessary.
- BEAM is not a trading game or simulation. It manages a portfolio on behalf of Simon Fraser University and is ranked along with the university’s professional money managers. Fund performance and compliance are tracked daily by BEAM members, and reported on at quarterly performance reviews.
- Students selected for BEAM undergo a rigorous, hands-on training program including Bloomberg terminal certification, financial analysis, and equity research. The emphasis is on developing the same applied skills that would be expected in a real-world finance job.
- BEAM accepts approximately 10 students per year, with admission on a competitive basis, and involvement with the fund lasts until the completion of the member’s undergraduate degree.
If you are a current/prospective SFU Beedie School of Business student with an interest in joining BEAM, please contact our executive team.
Message from the Portfolio Managers
The combination of volatility in capital markets and an uncertain and challenging job market for new graduates mean that talented students are often left with virtual portfolios and stock games as their only options to learn vital skills in financial analysis and asset management.
In 2011, Simon Fraser University took an unprecedented step towards offering a solution to this situation with the establishment of Beedie Endowment Asset Management (BEAM) – a $5 million endowment fund, made possible through the generous support of the Beedie family, to be managed entirely by undergraduate students.
Building on Simon Fraser University’s previous success with the Student Investment Advisory Service (SIAS), a fund managed entirely by graduate finance students for over ten years, BEAM provides approximately 10 students each year the opportunity to manage one of the largest undergraduate student-run funds in Canada.
BEAM is not an investing simulation or game – the current cohort of students (following in the footsteps of the alumni now placed in roles in Vancouver, Toronto and New York) has been managing the fund since June 2013, after completing an intensive four month course on security analysis and fixed income fundamentals and an additional session on investment management, under the guidelines of an Investment Policy Statement. Since then, they have created over 50 equity/ fixed income research pitches, formulated research reports and developed multiple comprehensive research books. In addition, the team regularly presents its results to an advisory panel of Vancouver’s Top Industry Professionals.
BEAM is not just a student-run endowment fund – it is the future of undergraduate finance education: an extremely demanding, hands-on experience that will equip students with the abilities necessary to enter and excel in capital markets.
We invite you to learn more about BEAM from this site and welcome any questions you may have about the fund, its operation, or its members. Finally, we extend a special welcome to current SFU students considering applying to BEAM – it has been an unforgettable experience for the current cohort and we look forward to successful future generations of BEAM members strengthening this venture’s role as one of Canada’s largest and most innovative undergraduate-run investment fund.
Message from Faculty Supervisor
BEAM is a unique program. First, because it is the largest undergraduate program in Canada, with $5.8 million in assets under management. Second, because the investment decisions are made entirely by students. Students determine the allocation between asset classes, choose the stocks and bonds in the portfolio, and monitor compliance with the university’s investment policies. Three times each year, they present their performance to a board of industry advisors and university administrators. In the academic side of SFU’s BBA program, students learn how to analyze problems; in the BEAM program, they learn how to make decisions.
This booklet is designed to introduce an extraordinary group of students. They are all top students in a rigorous BBA program. Strong academic performance is required for admission to the BEAM program. We think these students bring more than just good grades.
BEAM students have made investment decisions and monitored their consequences. They have learned about taking risks: The triumphs of going against the grain and being right, the pain of explaining simple blunders to a board. They have learned about leadership and how teams can produce more than individuals. They have gained experience in organization, management and delegation. Finally, they how to recruit their successors and build continuity between cohorts.
BEAM participants have usable skills, with the most obvious application in jobs in asset management and capital markets. But we think they’d be an asset to any company. The skills gained from BEAM: problem solving -- making decisions, communicating results, building teams – are valuable across a wide range of organizations.
I’ve been a member of BEAM’s advisory board since its inception five years ago, and have seen each cohort increase in its sophistication – and build on the investment performance – of its predecessor. This fall, I’m resigning from the advisory board to become the BEAM’s faculty advisor. I’m also teaching the prerequisite course for BEAM participation, which is now taught on weekends over two trimesters. I’m thrilled to expand my role with BEAM and play a role in helping these talented and highly motivated students become industry professionals.
2021 Annual Report
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