Applied portfolio management program

Applied Portfolio Management Program

The Applied Portfolio Management Program (APMP) is a student-run investment program, centered on education and responsible investing. The program provides students with hands-on experience managing a $1.2 million portfolio of stocks and bonds, in close coordination with industry and academic experts. APMP is the premiere experiential learning experience at UVic for students interested in careers in financial services.

The Applied Portfolio Management Program is a collaboration between CFA Society Victoria, CFA Institute, UVic Continuing Studies, UVic Economics and the Peter B. Gustavson School of Business.

Each academic year, APMP recruits two cohorts of UVic students, either from 4th year undergraduate (Bachelors) or Master’s students:

  1. Portfolio Managers are recruited in May, after they have completed the Applied Investment Management Course (AIMC) in November to April (typically during their 3rd year for undergraduates). The course is taught by practicing industry professionals and focuses on the application of theoretical finance to real-life scenarios. Through the course, students develop the foundational skills necessary to manage investment assets.
  2. Analysts are recruited in September, after finishing the pre-requisite courses in either Business (COM 371, COM 445) or Economics (ECON 305, ECON 435).

Upon completion of their prerequisite coursework, students apply to  APMP.Once accepted, students enter into a directed studies course and their activities in one of the two roles (Portfolio Manager or Analyst) are overseen by an investment advisory committee comprised of industry professionals and UVic faculty members. Students can contact an academic advisor to confirm how they can use the APMP directed studies course toward their degree requirements.The intensive program provides students with applied investment management education, skills and experience. This helps the recruitment efforts for local firms, such as BCI, and identifies potential future candidates for future CFA Charterholders.

Interested in learning more, including more details about the prerequisites and the program role descriptions? Contact Dr. Michael King.

Students enrolled in the Applied Portfolio Management Program learn:

  • Investment management policy
  • Fiduciary duty
  • Investment management ethics
  • Asset allocation
  • Performance measurement
  • Client reporting
  • Trading, compliance and cash flow management
  • Risk-management
  • Modelling and forecasting
  • Equity and fixed income valuation
  • Security analysis skills including: credit risk, legal, tax and regulatory risks, ESG practices and capital structure

The Investment Advisory Committee is comprised of industry professionals and academics who provide oversight and guidance to the student investment decision making process.

Samir Ben Tekaya, CFA, Vice President, Investment Strategy & Risk, BCI
Samir has a mandate to develop an investment risk-management framework that gives assurance to executive management, clients and the board. He has more than 15 years of experience in investment risk management in both the banking and pension management industries. Before joining BCI in June 2016, he was director, portfolio valuations and director, portfolio valuations and director, fixed income and asset allocation risk management, at Caisse de Depot et Placement du Quebec. He has also held market and credit risk-management positions with banks in Canada. Samir earned a master’s degree in financial engineering and applied economics, and an engineering degree in statistics.

Jennifer Coulson, Vice President, ESG Integration, BCI
Jennifer joined BCI in January 2012 as a manager of shareholder engagement and is currently vice president, ESG integration, overseeing the proxy voting and engagement with issuers on ESG risks. Prior to that Jennifer was at NEI Investments for 10 years working in the ESG field. Jennifer holds a BA from the University of Western Ontario (UWO) in Geography and a Master of Environmental Studies from York University.

Andrew Coward, CFA, Treasurer, University of Victoria
Andrew has worked at the University of Victoria since 2004 and is the treasurer of the University of Victoria and the University of Victoria Foundation. He also is a member of the investment committee on the University of Victoria Staff Pension Plan. He holds a Bachelor of Commerce with a Finance and Risk Management concentration from the University of Calgary as well as the Canadian Risk Management Designation through the University of Toronto. Andrew earned the CFA designation in 2011 and is serving his second term on CAUBO’s Treasury and Investment Committee.

Kenton Freitag, CFA, Director, Credit Research, BCI
Kenton is responsible for providing credit opinions and research to all asset classes at BCI. Prior to joining BCI, Kenton worked as a corporate credit analyst for S&P in Toronto, a loan officer for Export Development Canada in Ottawa and a policy analyst for the Department of Finance in Ottawa. Kenton holds a Bachelor of Commerce from Queen’s University, a Master of Economics from UBC, and a Chartered Financial Analyst designation. He is on the Board of Directors of the Canadian Bond Investors Association.

Jordie Hutchinson, CFA, Financial Advosor, Edward Jones Investments
Jordie joined BCI in 2007 as an Analyst in Consulting & Client Services and moved to Public Equities in 2008 where he served in a number of different roles, most recently as a Portfolio Manager on the Canadian Equity Team. In 2019 Jordie made the decision to return to his hometown in Smithers BC to join Edward Jones Investments and help individuals with their long term investment needs. Jordie is the Co-Founder and Program Director of the UVic Applied Portfolio Management Program and served on the board of CFA Society Victoria for 5 years as University Outreach Chair. Jordie graduated from the University of Calgary with a BCOMM in Finance and a BA in Economics and received his Chartered Financial Analyst designation in 2011.

Johann Kuntze, MA, CFA, Senior Analyst ESG Strategy & Risk, BCI
Prior to joining the Investment Risk, Strategy & Research team, Johann was part of BCI’s Consulting & Client Services department, assisting clients with more than $19 billion in assets meet their investment goals. Johann has over 10 years of experience in economic analysis and forecasting. Johann holds a Bachelor of Science and Master of Arts degrees in Economics from the University of Victoria, as well as the Chartered Financial Analyst designation.

Dr. Michael King, Professor, University of Victoria
Dr. Michael R. King joined the Gustavson School of Business at the University of Victoria in July 2019. Prior to UVic, Michael was at Ivey Business School (2011-2019), where he held the Tangerine Chair in Finance and co-founded the Scotiabank Digital Banking Lab – Canada’s first FinTech research centre. He is the co-author of 

Doug Stadelman, MBA, CFA, CPA-CMA, BBA, ICD.D 
Doug has been a professional stock market investor for more than 30 years, with additional experience in credit & banking, corporate finance and real estate development. Now retired, most recently Doug co-managed the Phillips Hager & North / RBC Global Asset Management Canadian Equities team in Vancouver. Prior to joining PH&N, Doug was a partner at Cypress Capital Management, a boutique investment firm serving high net worth investors. Doug is a CFA, CPA-CMA, MBA (University of Toronto), BBA (University of New Brunswick) and completed his ICD.D designation. Doug is a member of the University of Victoria Foundation Board of Directors.

Dr. Graham Voss, Professor and Chair, Economics, University of Victoria
Graham is a professor in the Department of Economics at the University of Victoria. He has a BA (Honours) from the University of Victoria, an MA from McMaster University and a PhD from Queen’s University. He began his academic career in 1991 at the University of New South Wales, Australia where he taught until 1998. He then joined the research department at the Reserve Bank of Australia as a senior economist where he worked until joining the University of Victoria in 2001.

Students who want to receive more information about this program can contact Dr. Michael King.

For more information about how to make a gift, or become involved with the Applied Portfolio Management Program in other ways, please contact bizdev@uvic.ca

With your support, we can continue to provide University of Victoria students with experiences that enrich and enhance their education.