For the second year in a row, a group of Daniels students won the Annual Chartered Financial Analyst (CFA) Institute Research Challenge-Colorado Competition. The competition—now in its ninth year—provides thousands of students from universities worldwide with hands-on mentoring and intensive training in financial analysis.
Daniels’ winning team members are Erin Weed, undergraduate finance major; William Hoover, a candidate for a master’s in applied quantitative finance and an MBA; Connor Pettengill, master’s candidate in applied quantitative finance; and Quan Do, master’s candidate in applied quantitative finance. The four students were led by JP Tremblay, associate teaching professor and academic advisor in finance, and their industry mentor Van Wombwell, vice president with Highgate Securities Investments.
“I am proud of this team,” said Wombwell. “They put in a lot of long hours and hard work.”
Students work in teams to research and analyze a publicly traded company. This year’s subject company was Liberty Global. While headquartered in Denver, Liberty Global provides video, broadband internet, fixed-line telephony, mobile, and other communications services to residential customers and businesses in Europe.
Each team writes a research report on the assigned company with a buy, sell or hold recommendation and presents their recommendations to a panel of judges at the local finals. The report and presentations each represent 50 percent of the score at the local level.
The Daniels team competed in the local Colorado and Wyoming competition against Metropolitan State University of Denver; University of Colorado, Boulder; Colorado State University; University of Northern Colorado; and the University of Wyoming.
“This year’s team is extremely strong, talented and hard-working,” Tremblay said. “They produced a world-class research report on a very complex company. I have the highest hopes and confidence in their continued success at the next level of the competition.”
The team will head to Boston for the Americas Regional Finals on March 19 where they will face local winners from all over North and South America. Should the team emerge victorious at the regionals, they would attend the Global Finals in Kuala Lumpur, Malaysia, in April.
Students from Daniels have won the Colorado competition in 2017, 2014, 2012 and 2010.