At Hillsdale, we believe that we can learn a tremendous amount by seeking different perspectives. By doing so, we are able to raise the quality of discussions, to innovate and adapt, all of which are vital to the long term success of our industry, our firm and our relationships with investors.
Hillsdale has helped establish one of the most prestigious investment research awards in Canada: the Toronto CFA Society & Hillsdale Canadian Investment Research Award. From 2008 to 2010, Hillsdale also sponsored the AIMA Canada Hillsdale Research Award. These awards help to contribute to the success of our strong investment community in Canada.
Toronto CFA Society & Hillsdale Canadian Investment Research Award
Committed to advancing the knowledge and understanding of the practice of investment management through the publication of high-quality, practitioner-relevant research, the Award is open to all researchers conducting research related to Canadian capital markets. Areas of research interest include any aspect of investment management, such as portfolio management, asset valuation, risk management, compliance and performance evaluation. Investment fields include traditional and alternative investments, as well as all asset classes and investment vehicles (e.g. fixed income, equities, derivatives, etc.). A cash prize of $10,000 CAD is given to the winning paper. For more information on submissions, please click here.
2011 Award Winning Paper: Is Bigger Better? Size and Performance in Pension Plan Management
“Is Bigger Better? Size and Performance in Pension Plan Management” by Alexander Dyck and Lukasz Pomorski. “This paper by Professor Dyck and Professor Pomorski makes very valuable contributions to pension plan management discussions, “ said Chris Guthrie, CFA, President & CEO, Senior Portfolio Manager and Founding Partner, Hillsdale Investment Management. “The authors do an exceptional job of exploring how larger defined benefit pension plans succeed at overcoming the diseconomies of scale typically seen at the fund level to achieve superior returns. Both Hillsdale and Toronto CFA Society are proud to recognize their excellent research.” Click here for the full news release.
2010 Award Winning Paper: The Long and Short of Leveraged ETFs: the Financial Crisis and Performance Attribution
“The Long and Short of Leveraged ETFs: the Financial Crisis and Performance Attribution” by Pauline Shum. “Professor Shum’s paper provides an extremely useful framework for practitioners to use in their analysis of ETFs,” according to Chris Guthrie, CFA, President & CEO, Senior Portfolio Manager and Founding Partner, Hillsdale Investment Management Inc. “Ms. Shum has disaggregated the relative performance of ETFs into three distinct components, namely the compounding effect of hold periods of more than one day, the managers’ effectiveness and costs of achieving their objectives, particularly across multiple time periods, and lastly, the efficiency of ETFs in maintaining a small premium or discount to NAV.” Click here for the full news release
AIMA Canada Hillsdale Research Award (2008, 2009 and 2010)
Designed to encourage and recognize high quality applied research in the field of alternative investments in Canada, the Award is open to academics, students and practitioners who are resident in Canada or are Canadian citizens. Research papers can be on any aspect of alternative investments including, but not limited to, the areas of investment strategy, regulation, trading, risk management and risk measurement. The research focus can be either Canadian or international. A cash prize of $10,000 CAD is given to the winning paper. For more information, visit AIMA Canada.