SIMON FRASER UNIVERSITY
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S.06-130
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Senate Committee on University Priorities
Memorandum
TO: Senate ?
FROM:
John WaterhoUr
Chair, SCUP
Vice Preside1pademic
RE:
Centre for Studies in Global Asset and
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DATE: ?
November rl0O6
Wealth Management (SCUP 06-49)
At its October 25th, 2006 meeting SCUP reviewed and approved the proposal for the
creation of the Centre for Studies in Global Asset and Wealth Management. This
Centre will be a Schedule A Centre within the Faculty of Business Administration.
Motion
That Senate approve and recommend to the Board of Governors the creation of
the Centre for Studies in Global Asset and Wealth Management as a Schedule A
Centre within the Faculty of Business Administration.
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end.
C:
C. Smart
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SCUP 06-49
SIMON FRASER UNIVERSITY
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MEMORANDUM
OFFICE OF VICE-PRESIDENT, RESEARCH
TO: Sarah Dench, Secretary
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FROM: ?
B. Mario Pinto
Senate Committee on University
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Vice-President, Research
Planning (SCUP)
RE:
Centre for Studies in Wealth
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DATE: ?
August 3, 2006
Management
Attached is a proposal from Dr. Ernie Love, Dean, Faculty of Business Administration for
the establishment of the Centre for Studies in Wealth Management as a Schedule A Centre.
The Governing Committee for Centres and Institutes recommends that the Centre be
granted approval by SCUP. Once approved by SCUP, the proposal is to be forwarded to
Senate, followed by submission to the Board of Governors.
Governing Committee:
Dr. John H. Waterhouse
Vice-President, Academic and Provost
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Dr. B. Mario Pinto
Vice-President, Research
Attachment
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Dr. Ernie Love, Dean, Faculty of Business Administration
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FACULTY OF BUSINESS ADMINISTRATION
OFFICE OF THE DEAN
BURNABY, BRITISH COLUMBIA
CANADA V5A ISo
Telephone: (604) 291-4183
Fax: (604) 291-5833
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SIMON FRASER UNIVERSITY
August 3, 2006
Dr. Mario Pinto
Vice President Research
Simon Fraser University
Burnaby, BC
V5A 1S6
Dear Mario,
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Attached please find a document proposing the establishment of a Schedule A Research
Centre within the Faculty of Business of Administration. This Centre will be known as
the Centre for Studies in Global Asset & Wealth Management. Funds from the Global
Asset and Wealth Management Business Council along with administrative support from
the Faculty of Business Administration will support the activities of the Centre.
With your approval, I would appreciate that this be put on the September SCUP agenda.
Thank you,
Ernie Love
Dean, Faculty of Business Administration
Simon Fraser University
cc:
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Dr. John Waterhous
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e, VP Academic
3.
Gwen Bird, 8/2/06 4:30 PM -0700, Library report for Centre proposal
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Date: Wed, 02 Aug 2006 16:30:25 -0700
To: murdoch@sfu.ca
From: Gwen Bird <gbirdsfu.ca
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Subject: Library report for Centre proposal
Cc: marotz@sfu.ca
Dear Val,
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I have reviewed the proposal for the Centre for Studies in Wealth Management and concluded that no additional library
resources will be needed to support this Centre, beyond those already in place for the MBA - GAWM program. I have
therefore added it to the appropriate list at htto:/IwwW.lib.Sfu.ca/ab0UtIc0llecti0nSIC0Ur5ea55e55m1t5 ndexhtm.
Regards,
Gwen
Gwen Bird
Associate University Librarian, Collections Services
WAC Bennett Library, Simon Fraser University
8888 University Dr., Burnaby, BC Canada V5A 1S6
phone: (604) 291-3263; fax: (604) 291-3023; email: gbird@stu.ca
#-
is
Printed for Valerie Murdoch <murdoch@sfu.ca
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A
Constitution for the Proposed
Centre for Studies in Global Asset & Wealth Management in
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accordance with University Policy R40.01)
Faculty of Business Administration, Simon Fraser University
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August 15, 2006
(a) Statement of Purpose
Mission
This Centre will focus on two fundamental issues with respect to financial investing. First
is to address the growing need to research and assess global financial markets. Affiliated
with the school's Global Asset and Wealth Management MBA program, this Centre's
mandate is to develop a better understanding of the ever-increasing array of global
investment instruments and their suitability as client investment opportunities. The centre
will complement the school's Markets Research & Trading Room, where faculty and
students can use the latest technologies to access global stock exchanges and on-line
financial databases to explore and evaluate the details of particular investment strategies.
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(It should be noted that this Markets Research & Trading Room is used heavily by our
SIAS (Student Investment Advisory Service) initiative. Students of our GAWM, FRM
and Undergraduate (Finance) programs manage a fund of approximately $7,000,000
established by the Lohn Endowment of the University. With the support of the GAWM
Business Council and the University endowment advisors, our students actively manage
this fund.)
Increasingly we see the creation of new asset classes, such as hedge funds and boutique
investments. Evaluating these new instruments, posing new instruments, maximizing investment
alternatives will be central activities of this new Centre.
Secondly, the Centre will develop research expertise with respect to the development of
investment policies to better guide advice that is given to investors. More and more investors have
invested in a broad array of investment opportunities many of which are truly global. Such
investors often must deal with a highly specialized issues such as complex taxation considerations,
large accrued capital gains and multi-generational concerns; situations in which simple investment
structures are clearly not sufficient. What is needed are investment policies that more
appropriately reflect such individualistic situations, rather than polices reflected in current
investment planning focusing on an average, stereotypic investor wherein decisions come down to
selecting a debt/equity mix and little else.
The Centre will marshal the academic resources for undertaking such advanced research
and analytical capabilities. These academic resources would include researchers affiliated
with the Centre, visiting research fellows, and an affiliated PhD stream, as well as inter-
institutional research linkages. The Centre will proactively identify emerging, relevant
issues and make recommendations on improved practice in asset and wealth management
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These activities will include:
• publication and dissemination of research in both academic and practitioner
journals
• hosting and organization of conferences or public forums on subjects of
special topical interest
• support of PhD students interested in these issues
• hosting workshops to promote the activities and findings of the Centre to
academic and business audiences
• When appropriate, preparation and distribution of educational material for
use by universities and professional associations
• With support of the external community in financial services participate in or
provide offerings professional development programs.
Over the long term, the Centre will champion a multi-disciplinary approach that supports
and promotes specialized and integrative research as well as advanced educational
activities. Scholars and practitioners from Canada and abroad, in fields such as strategic
management, accounting, finance, actuarial science, and legal frameworks and business
ethics, will have an opportunity to collaborate at and through the Centre. One of the
Centre's functions will be to fund, as well as attract funding for, specific research projects
of interest to the Centre and its board.
Vision
The vision for the Centre for Studies in Global Asset & Wealth Management is to provide
relevant and rigorous research to the financial services industry to better address the needs
of investors, particularly those with large and complex portfolios. This includes research
into new investment instruments and innovative strategies to better tailor investment
policies to individual client needs.
Rationale
The financial services industry recognize that considerable more research is needed into
new investment instruments that are almost continuously coming onto the market.
Furthermore, how these new forms of investments as well as existing opportunities can
be best incorporated into individual investor portfolio requires the development of
investment policies better suited to specific investor situations.
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(b) Appointment of a Director
A Faculty member from the Faculty of Business Administration to serve as the Academic
Director of the Centre will be appointed by the Dean of the Faculty of Business
Administration for a two year term (renewable).
(c) Applicable Schedule
The Centre will be guided by SFU Policy 40.01 for Schedule A Centres and Institutes.
The Director will report annually to the Dean on the activities of the Centre who in turn
will report to the Centre's Governing Committee, in accordance with Policy 40.01.
(d)
Obligation of the Centre
All activities conducted within the Centre will conform to University policies.
(e) Funding
Funding of the research and outreach activities of the Centre is provided by the Global
Asset and Wealth Management Business Council and administrative support from the
Business Faculty.
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(1) Internal Governing of the Centre
The research activities as well as the dissemination activities of the Centre will be guided
by an advisory board consisting of four members from the Faculty of Business
Administration, Simon Fraser University (including the Director and four designates
from the GAWM Business Council. A Chair of the Advisory Board, if different from the
Academic Director of the Centre, will recommend to the Academic Director the plan of
activities envisioned for each year. The Academic Director will ensure that any such
recommended activities are consistent with University policies.
An annual report on the Centre's activities along with financial statements will be
prepared by the Academic Director and submitted to the Dean by April
15
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of each year.
The proposed list of Centre members are:
Peter Klein
Rob Grauer
Andrey Pavlov
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Chris
Avi Bick
Perignon
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George Blazenko
Daniel Smith
Ramo Gencay
Geoffrey Poitras
Amir Rubin
Ex officio David Thomas, FBA Research Director
4 members from the GAWM Business Council.
Signed,
Ernie Love
Dean, Faculty of Business Administration
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