They've advanced to the Global Investment Research Challenge regional in New York by beating UWM in the final. They also beat UW-Madison, UW-Whitewater, the Milwaukee School of Engineering, Alverno College, Wisconsin Lutheran College and Carroll University.
If we win in New York they'll continue onto the Global competition in London!
Great job guys and gals!
http://www.jsonline.com/business/39920507.html
Quote from: Skatastrophy on February 20, 2009, 01:26:37 PM
They've advanced to the Global Investment Research Challenge regional in New York by beating UWM in the final. They also beat UW-Madison, UW-Whitewater, the Milwaukee School of Engineering, Alverno College, Wisconsin Lutheran College and Carroll University.
If we win in New York they'll continue onto the Global competition in London!
Great job guys and gals!
http://www.jsonline.com/business/39920507.html
Good for them, I wonder if their portfolio is in the black? Seems like the only folks pulling that off are the ultraconservative investments in some bonds or fixed income type investments right now.
Quote from: ChicosBailBonds on February 20, 2009, 08:40:38 PM
Good for them, I wonder if their portfolio is in the black? Seems like the only folks pulling that off are the ultraconservative investments in some bonds or fixed income type investments right now.
Here's some info I pulled off the organization's website
"The universities assemble teams of 3-5 business and finance students who
work directly with a company in researching and preparing a company analysis. The team's final presentations are locally evaluated by high-profile panels of heads of research, portfolio managers, and chief investment officers from the world's top firms."
http://www.cfainstitute.org/society/challenge/index.html (http://www.cfainstitute.org/society/challenge/index.html)
So, from what I gather, they are essentially doing part of an entry level analysts work. I don't think they are investing real or fake money.
I would say this winning performance is more impressive than a stock picking contest because there is almost no luck involved in nailing a presentation, they were just harder working and better prepared than all the other teams.
Here is a partial list of regional winners heading to NY:
Yale
Georgia Tech
Boston U
Appalachian State
Bowling Green
Texas A&M
For a complete list of participants: http://www.cfainstitute.org/society/challenge/girc_americas.html
Looks like March 19 is the Americas "Final" (others are Asia and UK/Europe)
Then 4 global teams head to London.
Quote from: 77ncaachamps on March 01, 2009, 11:54:07 PM
Here is a partial list of regional winners heading to NY:
Yale
Georgia Tech
Boston U
Appalachian State
Bowling Green
Texas A&M
I have Marquette, Georgia Tech, Yale, and Boston U advancing to the final four in my brackets.