Student groups at Brigham Young University, Provo, Utah, and Fordham University, New York, have taken top honors in the CFA Institute Americas Regional Investment Research Challenge and the New York Regional IRC, respectively, for their research and analysis of publicly traded companies.
The regional contests, held in March in New York, challenged teams of university students to analyze and provide buy/sell/hold recommendations on publicly traded companies. BYU students researched Salt Lake City-based medical device manufacturer Merit Medical Systems Inc. and Fordham students researched Marlborough, Mass.-based software development company Bitstream Inc.
Raymond J. DeAngelo, managing director of the CFA Institute, said in a telephone interview that the students must present their recommendations to a panel of judges.
“They are also evaluated on their presentation skills, poise and their ability to make a compelling argument,” Mr. DeAngelo said.
He said the competition aims to foster “really solid, basic research skills.”
The two teams will head to Hong Kong for the CFA Global Investment Research Challenge on April 17, which pits them against the winners of the CFA's Asia Pacific IRC; and the Europe, Middle East and Africa IRC. The CFA Institute will donate $10,000 to the school that wins the global challenge. — Timothy Inklebarger