Trinity students launch historic fund
Published 26/11/2010 | 05:00
STUDENTS from Trinity College Dublin last night launched the first-ever investment fund to be managed entirely by students in Ireland.
The Trinity Student Managed Fund is comprised of a real-life financial portfolio managed by a team of undergraduate and post-graduate students under the guidance of an advisory board of investment industry experts.
The fund has the financial backing of a number of institutions including Allied Irish Banks, Royal Bank of Scotland, Deloitte, and Davy Stockbrokers.
The primary aim of the fund is to provide students a self-sustaining educational resource which provides real experience in business analysis, portfolio management and risk assessment. On-campus recruiting has begun, with over 100 students signing on for roles in investment analysis and operations.
The fund is a not-for-profit venture, but 10pc will be paid out annually toward community charities. The majority of proceeds on investments will be reinvested to see the fund grow in perpetuity.
Addressing the students at the event last night was Aidan Donnelly, pictured above, of Davy Stockbrokers.