Student Investment Team Moves on to CFA Institute Americas Regional Competition

Lubar School of Business students placed first in the initial phase of the CFA Institute Research Challenge, which was hosted locally by the CFA Society of Madison.  Their victory at the local level earns them a position in the Americas Regional competition in Seattle this April.  The winners from each regional competition advance to the Global Final, which will be held this year in Prague, Czech Republic.

Two Lubar teams – comprised of students in the Investment Management Certificate Program (IMCP) – competed in Madison.  The winning team includes Cody Ampomah, Jesse Klink, Abdus Mahmood, Francisco San Emeterio, and Chad Schoening.  Dr. G. Kevin Spellman, director of the IMCP, is the team’s advisor. UWM’s teams competed against students from Marquette University (two teams), University of Wisconsin-Eau Claire, and Milwaukee School of Engineering.

The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly traded company — including communications with company management. Each team writes a research report on their assigned company with a buy, sell, or hold recommendation, and presents and defends their analysis to a panel of industry professionals.

The first Research Challenge competition was hosted by the New York Society of Security Analysts in 2002 and involved just five teams from the New York area. Since then, the competition has grown to involve tens of thousands of students from over 900 universities in more than 75 countries. In 2016, the IMCP students placed in the top 21 in the world and top 11 in the Americas.