Inspired by Berkshire Hathaway's culture and structure, RCIF believes in performance through independent thinking , decentralization and meritocracy.

Established in 2007, Rational Capital Investment Fund (RCIF) is the oldest student-run value investing club at The University of Toronto. The Fund manages a real portfolio on campus for educational purposes and offers its members hands-on experience in all aspects of the portfolio management process. It was established with the vision of enabling university students with a passion for investing to gain practical experiences in analyzing capital markets.

Providing critical foundations for the investment management business.

EDUCATIONAL OFFERINGS

THE PRE-ANALYST PROGRAM

Our Pre-Analyst Program runs for 5 sessions per semester, and is designed to introduce our members to the foundations of value investing, accounting, and corporate finance. Historically hosted on Saturdays, for 2 hours each. This program is highly encouraged for students who wish to apply to the Analyst Program, or have an interest in becoming a private investor.

Open to registered members only. 

THE ANALYST CANDIDATE PROGRAM

Weekly sessions hosted on a weekday evening for those who have advanced familiarity in working with financial statements and investment analysts, the Analyst Candidate Program runs for the whole year starting in October.

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Details of our applications will be released in early October - the application will be available only to members in the "Opportunities" tab. It is strongly encouraged for students to go through the Pre-Analyst Program. Those interested in the research analyst positions for the fund are also strongly recommended to complete this program.

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Open to registered members only.

SUMMER MENTORSHIP PROGRAM

Introduced in the summer of 2017, this is a highly intensive program aimed at replicating the experience of a hedge-fund analyst - candidates are expected to conduct thorough research. All participants attend weekly discussions to share investment ideas and newly-acquired knowledge. Independent research and learning through osmosis are cornerstones of excelling in this program. The mentorship program is facilitated by the President and VP Research.