McGill International Portfolio Challenge –– Leading the Future of Pension Investing
Though each of these factors alone may seem innocuous, together they can bring down an economy. At its current pace, the World Economic Forum predicts that the retirement-savings shortfall will reach $400 trillion in 30 years. To put this into perspective, the Gross World Product was only $75 trillion in 2016.
The current state of pension underfunding falls into what is termed a wicked problem. It is a dilemma that has many layers and complex variables, which also affects diverse stakeholders such as companies, retirees, active workers, unions, and more. Many defined-benefit pension plans across the globe are closing their doors to new entrants, cutting benefits to retirees, or even transitioning to defined-contribution schemes as a way to shift the risk from the employer to the employee. The brewing pension crisis poses a large economic burden and has no clear right answer.
Presented in partnership with Canada Pension Plan Investment Board (CPPIB) and more of the McGill International Portfolio Challenge globe’s premier institutional investors, MIPC has the ability to offer C$50,000 in annual cash prizes — a figure that makes this one of the most prestigious and attractive university competitions in the world.
When and where will MIPC be held?
The competition will have two rounds. The first round is open to schools from around the globe, it is online, and it lasts from September 7th to early October. The top 25 teams will be invited to the final round at the Desautels Faculty of Management at McGill University held on the 9th and 10th of November 2018. For a more detailed itinerary, click here.
When will Registrations open?