New student enterprise offers valuable business experience
(15 January 2021)
Students from a broad range of backgrounds are now able to experience managing a real global investment fund, giving them skills and credentials to bolster their career prospects.
This term sees the launch of the Durham University Student Investment Fund (DUSIF).
Enabled by a £50,000 Legacy donation to the University, the fund is managed entirely by a student team consisting of 25 analysts and advisors appointed by Founder and President Tyler Thomas.
Helping future students
This unique student-led enterprise will not only allow those involved to gain real business experience but seeks to create profitable returns from its investments. These in turn will be re-invested to grow the fund, with a portion of the profits used to support future generations of students through the Durham Inspired North East Scholarships fund.
On top of the legacy donation, in time, interested parties will be able to contribute to this fund and become honorary shareholders. A creative way of supporting both scholarships and career-enhancing opportunities for our students.
Working closely with alumni
DUSIF President Tyler Thomas said "In time, I would like DUSIF, and its members, to build a reputation amongst investment professionals as a high-quality organisation that produces talented analysts they'd like to recruit.
By continuing to develop strong business partnerships with alumni working in the field, we hope to benefit the scholarship fund and help others whilst honing crucial workplace skills."
Overseen by an alumni-led governance board, DUSIF will be chaired by DU alumnus Mark Wharrier, a senior investment fund manager in the city at Majedie Capital (previously of BlackRock, ML, and Troy) who is originally from the north east.
The Vice-Chair will be alumnus Kate McGrath, an ESG Analyst concerned with ethical and sustainable investments, at Aberdeen Standard Capital. Olly Bates from the University's investment manager, Sarasin's, will also be on the committee along with Dr Thomas Renstrom.
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