Student receives award.
A Lakehead University student has been awarded a national prize for a business paper he wrote. Alan Rambaldini, 22, a fourth-year business administration student, received $2,000 for a finance paper he authored which argued a mutual fund manager's salary should be based on performance of funds rather than a percentage of the size of the fund. The paper was hailed the best by the Investment Fund Institute of Canada. Students were invited to write about he pros and cons of performance based management fees and how they should be structured for a win-win environment. Rambaldini wrote the essay as part of his portfolio management course at the Thunder Bay university.