Current Portfolio Value
$3,629,073
About PSMIF
The fund was established in 2022 through the generosity of Stu Clark, Donald K. Johnson, Arni Thorsteinson, James Richardson & Sons Ltd., the Commerce Students’ Association, and the Associates of the Asper School of Business. In 2024, Gerry Price and Price Industries Ltd. donated $1,000,000 to the fund, establishing it as the “Price Student Managed Investment Fund”.
To begin the one-year program, students complete a 4-month course taught through the Asper School of Business. For the remainder of their term, they receive guidance from finance professionals and collectively manage a portfolio of over $3,629,000.
Donations to PSMIF
Total Funds Raised: $2,842,124.96
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Price Industries Limited James Richardson and Sons Limited and Affiliated Companies The Associates of the Asper School of Business Bird Construction |
Stu Clark Donald K. Johnson The Asper School of Business Commerce Students’ Association Andrew Stibbard and Stephanie Laidler |
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Arnold Bros. Transport Ltd. Gail Asper Al Babiuk Hardev Bains and Jody Hecht Jon Bryngelson and Jeni Wykes Cardinal Capital Management Jean Carter and Rick Riess CIBC Gary and Joanne Cyr Joe and Dawn Cyr Bryce Douglas Richard and Kim Enright Philipp R. Ens and Triple E Canada Ltd Margot Haig, Harry Ethans and Family Walter Fletcher Brett Franklin Michael George and Janet Racz Gregg and Mary Hanson Ron and Jill Hanson Doug Harvey, Jan Shute and Maxim Truck & Trailer Charles Henaire and Monique Gauthier Roseanne Hill Blaisdell Dan and Katie Hursh The InnovoXL Group of Companies Duncan and Judith Jessiman Peter and Dana Jessiman Derek and Mary Johannson Johnston Group Diane and Dave Johnston Mike and Tina Jones Myron and Marion Klysh Dan Koschik Kathleen and Jim Lawton Sean and Michelle Lawton |
Lionridge Capital Management Mackenzie Investments Paul and Anne Mahon Rolf Martin Marty and Shandis Maykut Kevin McGarry Megill-Stephenson Company Mondetta Inc. Michael F.B. Nesbitt Payworks Pereux Insurance Planning John and Margaret Proven Bob and Marnie Puchniak Qualico David and Shelagh Quinton Dave and Pamela Richardson Hartley and Heather Richardson Jim and Leney Richardson Thor and Natalie Richardson Sanford and Deborah Riley Royal Canadian Properties Colin Ryan Sandra and Harvey Secter Bob Silver and Family Smartrend Manufacturing Group Paul and Christine Soubry Charlie and Dayna Spiring Jason and Heather Stefanson Gary and Gwen Steiman Arni Thorsteinson and Susan Glass Douglas and Deanna Tkach Value Partners Investments Vector Construction Danny and Meghan Wright |
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Sanford and Deborah Riley Royal Canadian Properties Colin Ryan Sandra and Harvey Secter Bob Silver and Family Smartrend Manufacturing Group Paul and Christine Soubry Charlie and Dayna Spiring Jason and Heather Stefanson Gary and Gwen Steiman Andrew Stibbard and Stephanie Laidler Arni Thorsteinson and Susan Glass Douglas and Deanna Tkach Value Partners Investments Vector Construction Danny and Meghan Wright Rob and Bob Cunningham Cunningham Business Interiors Ltd. Cushman and Wakefield Stevenson Andrew Cyr Jordan and Liz Cyr Mark Dalton Lucas Affonso De Mello Said De Moraes Mark Dalton Lucas Affonso De Mello Said De Moraes Tom and Lesley De Nardi Ted DeFehr and Amy Brown Paul Dick and Stephanie Okabe Bob Douglas Martin Downie Murray and Charline Duffin Alf Dyck Chris and Melissa Dziedzic Alex Ethans Taylor Ethans Tom Ethans Jerrod and Vanessa Falk Kerilee Falloon Kenton L. Fast and Minna Rose Chung Max Feldman Susan Feldman Nora Fraser Marcia Friesen Richard and Nancy Frost Barb Gamey Stefano and Grainne Grande Mark Halsall and Angela Haig Nicole and Adam Hanson Hans and Sandra Hasenack Mark Halsall and Angela Haig Nicole and Adam Hanson Hans and Sandra Hasenack Marc Hebert Darlene Hildebrand Andrew and Stephanie Hodgson IG Wealth Winnipeg Southwest Richard Iwuc Matt and Jane Johnston Will Johnston and Kristin Vielhaber John Kearsey James and Rebecca Kirk Michael Klassen Peter Kobar Val Kolson Kevin Kuebler Laurie Lam and Larry Desrochers Stephanie Levene and Mike Stamatinos |
Jeffrey Lloyd and Malin Thyr Greg and Jennifer Loeppky Logan, Nick, Christine, Rob and Peter Ryan Jonathon Lyon Patrick McArthur Kim and Val McCartney Connor and Amanda McGarry Declan McGarry Kevin, Jenny, Emmy and Bob McIntyre Eric McKay MCW Consultants Ltd. Alexander Menticoglou Nathan and Olena Moncrief Laurie and David Montizambert D & C. Mortimer Charles Mossman David Mowat Matthew Nesbitt Tyler Nguyen Mike Nicholson PriceElectronics.ca Scott Norosky John and Brenda Olfert Russell Olivson Steve Onotera Zach and Kristen Ostrove John Pacak and Clare Ramsey Brennan Pearson Jarvis and Maria Penner Chris Pennycook and Linda Munro People Corporation Carmele Peter Calvin and Jen Polet Bill Pope and Elizabeth Tippett Pope Brennan and Rylee Pratt Wayne B. Pratt Jocelyne Prefontaine Raif and Zoe Richardson Sprague and Sydney Richardson Colin Sabourin Karn Sandy Paul Jr and Carrie Schimnowski Ian Schnoor Said and Shirley Shahinfar Blaine Shewchuk Bruno Silvestre Brett and Richelle Single Kelly Singleton Matt Skrepnek and Maylee Jacob Sam Slutchuk Bert Smith Terry Snell Samantha Sol Chris and Lori Stevens Dan Stevens Matt and Randi Stevens Shane and Tera Storie Brian and Geraldine Taillieu TD Commercial Banking Gagan Thind Deborah Thorlakson Glen Torgerson David Unruh Joan Vanderpont-Rafter Winnipeg Building and Decorating Ltd Edwin Wong Ron Zimmerman |
AGM 2025 Recap
Message from the PSMIF Board Chair
The establishment of the Price Student-Managed Investment Fund (PSMIF) represents a meaningful stepforward in advancing business education in Manitoba. It reflects the Asper School of Business’s commitment to experiential learning and will help students gain the hands-on experience that leads to career readiness and long-term success. Its launch was made possible by the generosity of donors who placed their early trust in the fund’s mission and the students behind it.
The fund is now fully operational, with a diversified investment portfolio managed by a dedicated team of undergraduate students. For the fiscal year ending April 30, 2025, the portfolio held just over $2.4 million in assets and delivered a return of 10.3%. This result was achieved during a period of heightened uncertainty in the financial markets, granting students valuable exposure to the challenges and discipline required in real-world investment management.
The PSMIF assets are held under the University of Manitoba Business School Foundation (UMBSF), a registered charity that has long supported the Asper School of Business. Annual distributions from the fund will enhance the Foundation’s existing financial support to the school and provide an enduring source of capital for student-focused initiatives.
The Board of Directors was established to ensure prudent oversight, sound investment policy, and
governance that reflects the long-term vision of this initiative. Our mandate is to review adherence to the Statement of Investment Policy & Procedure, evaluate performance, and determine the amount and timing of distributions.
On behalf of the Board, I extend our thanks to those who have contributed their time, capital, and
insight to the success of this fund. We will also seek additional contributions from new donors to enlarge the scale of the PSMIF. We look forward to its continued growth and to the impact it will have in the decades ahead.
Sincerely,
Arni Thorsteinson
Chair, Board of Directors
Price Student-Managed Investment Fund
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