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The CFA Institute Research Challenge is an annual global competition in equity research hosted by the CFA Institute started in 2007. The competition provides university students with hands-on training and mentoring in financial analysis. [1] [2] [3] [4] [5] Students assume the role of a research analyst and are scored based on their ability to value a stock, write an initiation-of-coverage report, and present their recommendations. [6] [7] The competition is split by 3 geographical regions, Asia Pacific, EMEA, and the Americas. Both undergraduate and graduate students are eligible to participate. Teams begin in local competitions, from which winners advance to regional competitions. A final competition held in April identifies the winning team at the global level. [8] [9] [10]
For 2019, more than 6,100 students from over 1,150 universities from 95 countries participated in the competition. [11] [12] [13]
Teams are sponsored by a university located within the area of the local competition in which the team wishes to compete. Each university may field up to two teams of three to five members. [14]
Rank | Country | Global Champion | Regional Finalist |
---|---|---|---|
1 | United States | 3 | 26 |
2 | Philippines | 3 | 5 |
3 | Australia | 2 | 4 |
4 | Italy | 1 | 5 |
5 | Canada Norway Switzerland | 1 | 4 |
6 | Hong Kong Singapore Thailand | 1 | 2 |
7 | Dominican Republic Poland | 1 | 1 |
8 | Brazil Spain | 0 | 2 |
9 | Germany India Indonesia Ireland Malaysia Mexico Russia South Africa Sweden Ukraine | 0 | 1 |
Gartner, Inc. is an American technological research and consulting firm based in Stamford, Connecticut, that conducts research on technology and shares this research both through private consulting as well as executive programs and conferences. Its clients include large corporations, government agencies, technology companies, and investment firms.
Bocconi University or Università Bocconi is a private university in Milan, Italy.
Jacksonville University (JU) is a private university in Jacksonville, Florida, United States. Located in the city's Arlington district, the school was founded in 1934 as a two-year college and was known as Jacksonville Junior College until September 5, 1956, when it shifted focus to building four-year university degree programs and later graduated its first four-year degree candidates as Jacksonville University in June 1959. It is a member of the Independent Colleges and Universities of Florida and is accredited by the Southern Association of Colleges and Schools (SACS) and the Association to Advance Collegiate Schools of Business (AACSB). JU's student body currently represents more than 40 U.S. states and approximately 45 countries around the world. As a Division I institution, it fields 18 varsity athletics teams, known as the JU Dolphins, as well as intramural sports and clubs. Among the top majors declared by JU students are aviation management, biology, nursing, business, and marine science.
The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the US-based CFA Institute to investment and financial professionals. The program teaches a wide range of subjects relating to advanced investment analysis—including security analysis, statistics, probability theory, fixed income, derivatives, economics, financial analysis, corporate finance, alternative investments, portfolio management—and provides a generalist knowledge of other areas of finance.
The CFA Institute is a global, not-for-profit professional organization that provides investment professionals with finance education. The institute aims to promote standards in ethics, education, and professional excellence in the global investment services industry. Since 1945, the institute has published the peer-reviewed, quarterly journal, the Financial Analysts Journal. It also publishes the Enterprising Investor blog.
Abby Joseph Cohen is an American economist and financial analyst on Wall Street. She is a professor of business at Columbia Business School. In 2001 she was named one of the 30 most powerful women in America by Ladies Home Journal, and she has been named as Barron's 100 most influential women in finance every year since the list's inception. She worked at Goldman Sachs for many years, working as the firm's Chief Investment Strategist prior to March 2007 and then leader of its Global Markets Institute, before retiring from this role in 2017.
The School of Accounting and Finance (SAF) at University of Waterloo is a professional school within the Faculty of Arts. The School was established in 1980 under the name 'School of Accountancy'. Its name was changed in 2008 to better reflect its program offering. Today, more than 1,600 students are enrolled in the School's programs. In September 2009, a new 52,000 square feet (5,000 m2) building was officially opened to house the School.
The Stuart School of Business (Stuart) is the business school within Illinois Institute of Technology, a private Ph.D.-granting technological university, located in Chicago, Illinois, United States. Illinois Tech's primary campus, known as the Mies Campus in honor of Ludwig Mies van der Rohe, is located in the Bronzeville neighborhood of Chicago. Stuart offers undergraduate courses at the Mies Campus and graduate courses at Illinois Tech's Conviser Law Center in Downtown Chicago.
Otis "Mason" Hawkins is an American value investor and the founder, chairman, and former Chief Executive Officer of Southeastern Asset Management, Inc. In 1975, Hawkins founded Southeastern Asset Management, a $35 billion employee-owned, global investment management firm and the investment advisor to the Longleaf Partners Funds, a suite of mutual funds and UCITS funds.
Mohamed Abdullah El-Erian is an Egyptian-American economist and businessman. He is President of Queens' College, Cambridge, and chief economic adviser at Allianz, the corporate parent of PIMCO where he was CEO and co-chief investment officer (2007–14). He was chair of President Obama's Global Development Council (2012–17), and is a columnist for Bloomberg View, and a contributing editor to the Financial Times.
Diane Garnick is an American investment manager. Diane is the Chief Income Strategist at TIAA and serves on the board of the CFA Institute Research Foundation.
Hult International Business School is a private business school with campuses in London, San Francisco, Dubai, New York City, and Cambridge, Massachusetts. Hult is named for the school's benefactor Bertil Hult and is affiliated with the EF Education First Group.
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Southeastern Asset Management is an American employee-owned, global investment management firm founded in 1975 by O. Mason Hawkins and the investment advisor to the Longleaf Partners Funds, a suite of mutual funds and UCITS funds. Southeastern has approximately 60 employees worldwide, as of December 2013, and is headquartered in Memphis, Tennessee, with additional offices in London, England; Singapore; and Sydney, Australia. As of December 2013, the firm had $35 billion in assets under management.
Jeremy James Siegel is an American economist who is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. Siegel comments extensively on the economy and financial markets. He appears regularly on networks including CNN, CNBC and NPR, and writes regular columns for Kiplinger's Personal Finance and Yahoo! Finance. Siegel's paradox is named after him.
Andrew Stotz, CFA is a former president of the CFA Society Thailand and is one of Thailand's award-winning equity analysts. He is also the founder and CEO of A. Stotz Investment Research (ASIR), a financial services company based in Bangkok, Thailand. Prior to launching ASIR he had spent 20 years working global investment banks in Asia. He has also been a university lecturer in finance for more than two decades and is a co-founder of CoffeeWORKS Co. Ltd., Thailand's specialty coffee roaster.
Steven Strongin is a Senior Advisor at Goldman Sachs. Previously, he was the head of Global Investment Research and chair of the Global Markets Institute at Goldman Sachs. He was a member of the Management Committee, Firmwide Client and Business Standards Committee and was also co-chair of the Firmwide Technology Risk Committee. Strongin's writing on economic policy, investing and financial trends is featured across many news sources including The Wall Street Journal, Bloomberg News, and Business Insider. His article, “Beating Benchmarks,” won the Second Annual Bernstein Fabozzi/Jacobs Levy Award for Outstanding Article after it was published in the Journal of Portfolio Management. He holds three patents for financial instruments. One of his patents was the Wavefront system, which describes how economic shocks ripple through the economy into company performance, market value and equity returns in the US market.
Corporate Finance Institute (CFI) is an online training and education platform for finance and investment professionals based in Vancouver Canada. It providing courses and certifications in financial modeling, valuation, and other corporate finance topics. This includes the skills CFI deems important for modern finance - such as Microsoft Excel, presentation and visuals - as well as underlying knowledge of accounting and business strategy.
Nathan E. "Ned" Davis, is an American financial analyst, finance author, and co-founder of the Ned Davis Research Group (NDRG), a data-driven investment research company based in Venice, Florida.