The TCF is an evolution, byproduct and add-on to the existing Capital Markets Mentorship Program – now called the Capital Markets Program (CMP) – because of its already strong ties with the professional community and its place as an elite school program and initiative. By continuing to evolve the CMP program we will be able to enhance the existing departmental offering and continue to provide students with workshops, mentorship and a launchpad for their careers. As such, the TCF is strictly educational and academic in nature and all investment decisions must follow this guideline at its core. While investment and return objectives exist, students are to seek alpha in a responsible manner which is consistent with the educational nature of the fund.
For more information about the CMP, please visit the Telfer Career Centre Website.
The modified CMP is structured as a 2-year program and is an evolution to the existing CMP. The CMP will continue to provide students with workshops, site visits, and mentorship opportunities. The first 0.5 year of the CMP program will be used to train students to become analysts in the TCF for the start of the winter session. The TCF portion of CMP will be set as a two-year intensive program where students start as Junior Analysts and progress to Portfolio Managers. The entire program is strictly for educational and academic purposes only.
The founding team was established via a rigorous training weekend and investment pitch competition, and was open to all students at Telfer (including the existing CMP students). Students were selected as Portfolio Managers and Analysts based on their experience and skills. To establish continuity and proper succession going forward, a more standardized recruitment process will be in place with a regular cycle. Admittance into the program will be both selective and competitive with only 7-10 students admitted in each year and a total combined investment team of 14-20 students and 7-10 trainees at any given time.
The TCF has two separate objectives. The first which is outlined below is an objective that pertains to the educational program that has been developed for the TCF. The second objective which appears in the TCF Policy (Section 3) pertains to the investment objective of the TCF.
“The purpose of the Telfer Capital Fund is to allow select elite students in the CMP program to create and manage, for educational purposes, a diversified portfolio for the Telfer School of Management. The Telfer Capital Fund will provide students with the opportunity to learn and develop their portfolio management and finance skills in an educational environment so they are better prepared for positions in finance and the capital markets. The end goal of the TCF will be to provide an avenue to help support and fund the maintenance and resource expansion of the Financial Research and Learning Lab.”