IMIFC 2018-2019

IMIFC

IMI Finance Competition 

Description
Key Dates
Registration
Competition Rules
Scoring and Prizes
Resources
Key Contacts

Description

IMIFC is open to undergraduate and graduate students from UTM. This competition is part of Rotman Portfolio Management Competition (RPMC), in which teams across Canadian Universities manage an investment portfolio with securities listed and traded in actual markets using Rotman Portfolio Manager (RPM). Students will participate in teams of up to three and each team will start with an initial cash allocation of CAD $1 million at day 1. Each team’s objective is to generate highest risk-adjusted returns by the end of the competition measured by the Sharpe Ratio. Participants may also short-sell any securities and trade on margin (e.g. leverage allowed). After the trading period, top-performing teams are invited to present their strategies and performance results at the closing ceremony.

Back to the Top

Key Dates:

  • September 10th, 2018: Registration Opens
  • October 11th, 2018 (3:00-4:30pm): Rotman Porfolio Competiton Opening Ceremony at Rotman Finance Lab
  • October 18th, 2018 (6:00-8:00pm): UTM IMI Finance Competition Opening Ceremony at IB120
  • October 19th, 2018: Registration Ends
  • October 22nd, 2018: Beginning of the Competition Period
  • November 2nd, 2018 (4:00-5:00pm and 5:00-6:00pm): RPM Workshop at Finance Learning Centre (FLC)
  • January 17th, 2019: IMIFC Midpoint Ceremony (Location TBD)
  • March 9th, 2019: End of Competition Trading Period
  • March 11th, 2019 (4:00-6:00pm): Portfolio Performance Analysis Workshop at Rotman Finance Lab
  • March 14th, 2019: UTM IMI Finance Competition Closing Ceremony (Location TBD)
  • March 15th, 2019 (6:00-8:00pm): Rotman Porfolio Competiton Closing Ceremony (Location TBD)

Back to the Top

Registration

  1. Registration period: September 10th, 2018 - October 19th, 2018.
  2. You have to register in teams of up to three students in order to participate. Only one member needs to register for the team.
  3. Complete the Team Registration Form which can be found here
  4. You will also need to pay the registration fee of CAD $30/team (+13% HST) via this payment website.
  5. Once our staff receives your completed registration form and checks the payment, you will receive a confirmation e-mail for your registration along with the necessary instructions for setting up your RPM account within 72 hours. If you have not received communication from our staff after 72 hours please email rpmc@rotman.utoronto.ca with the subject line "Registration Confirmation Inquiry" and include your team representative's full name, phone number and full names of all other team members.

Back to the Top

Competition Rules

  • Tradable Securities – Participants will only be allowed to trade from a list of securities for the IMIFC and RPMC in order to make sure that the competition performance is evaluated fairly. A list of tradable securities can be found here.
  • Portfolio Constraints – Each portfolio can only invest up to 20% of its total value into a single security.
  • Capital Allocation – Each team should invest most of the capital into securities. Cash position should be kept lower than 10% of the total portfolio value at all times starting from November 2nd, 2018.
  • Trading Frequency – Teams must maintain regular trading activity with a minimum of one trade every two weeks starting from November 2nd, 2018. Failure to make at least one trade every two weeks will result in a penalty.

Back to the Top

Scoring and Prizes

  • 50% - Sharpe Ratio after penalties
  • 50% - Presentation for selected participants
  • 1st: $1000
  • 2nd: $500
  • 3rd: $250

Back to the Top

Resources:

Back to the Top

Key Contacts

Back to the Top