The Queen's University Alternative Assets Fund (QUAAF) is a student directed hedge fund managing a portion of the university's endowment funds. QUAAF is an educational initiative of the Queen's School of Business MBA and Masters of Finance programs. QUAAF's investment mandate seeks capital appreciation through allocation to multiple internal and external alternative asset allocation programs. The Fund strives to create an environment of continuous learning for aspiring capital markets professionals through exposure to alternative investment asset classes outside of the vanilla Canadian equities space.