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ISCAL Investment Club, Lisbon 2025

Where students train
to think like analysts.

IIC is a student run organisation at ISCAL that simulates the rigour of a hedge fund or asset management firm: equity research, portfolio decisions, risk analysis and monthly publications, all run by students.

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Where theory meets the trading floor.

We replicate the structure and discipline of a professional asset management firm: equity research, portfolio construction and risk monitoring, all run by students. We organise events with finance professionals and publish member written research every month.

20+
Active Members
3
Departments
9
Newsletters / Year
2025
Founded
What We Do
Training the analysts of tomorrow.

We develop analytical and strategic thinking by simulating the workflows of a real hedge fund or asset management firm. Members conduct equity research, manage a virtual portfolio and produce professional grade publications, building the kind of experience that stands out in finance recruitment.

Built like a firm.
Run by students.

President

Strategic Leadership

Sets the club's annual vision, ensures alignment across departments and represents IIC externally.

Vice-President

Operational Coordination

Supports department Heads, keeps deadlines on track and steps in for the President when needed.

Equity Research

1 Head · 9 Analysts

Fundamental analysis of companies across sectors. Analysts build financial models, write equity reports and pitch investment ideas, exactly as they would at a buy side firm.

Portfolio Management

1 Head · 5 Analysts

Acts as the fund's risk and allocation desk. Reviews Research proposals, sizes positions, monitors drawdowns and tracks performance against benchmark, replicating a real PM function.

Operations

1 Head · 3 Analysts

The backbone of the club. Manages communications, social media, internal logistics and events, ensuring professionalism in everything IIC does.

Monthly newsletter.
9 editions per year.

Published on the 10th of each month. Macro overview, stock picks, economic calendar, IIC Fund updates and more, written by our members.

10Apr

IIC Newsletter — April

Macro Overview · Stock Analysis · Economic Calendar · Assets in Brief · IIC Fund

Coming Soon
10May

IIC Newsletter — May

Macro Overview · Stock Analysis · Economic Calendar · Assets in Brief · IIC Fund

Upcoming
10Jun

IIC Newsletter — June

Macro Overview · Stock Analysis · Economic Calendar · Assets in Brief · IIC Fund

Upcoming
10Jul

IIC Newsletter — July

Macro Overview · Stock Analysis · Economic Calendar · Assets in Brief · IIC Fund

Upcoming

Ready to think like
an analyst?

Applications are open to all ISCAL students. Get hands-on experience in equity research, portfolio management and financial analysis and graduate with a CV that speaks for itself.

Apply Now

Open to all ISCAL students