Mr. Speaker, the Standard Life—HEC Montréal fund team took first place at the eighth Redefining Investment Strategy Education (RISE) Forum. Created in 1999 with a $2 million donation, the fund now has a market value of nearly $4 million, making it the second-largest student fund in Canada.
The students managing this year's fund were awarded this prestigious international prize as part of an annual competition organized by Dayton University in partnership with the United Nations Global Compact program.
The funds are evaluated on the basis of their performance, and the HEC fund came out on top in the international category, with a 10.83% annual return. The students manage the fund through a management committee and act as portfolio analysts and managers.
On behalf of my Bloc Québécois colleagues, I would like to extend our most sincere congratulations to the HEC students for this top prize.