For the third year in a row, Daniels students won the Annual CFA Institute Research Challenge-Colorado Competition. The competition—now in its 10th year—provides students with hands-on mentoring and intensive training in financial analysis.
The Daniels winning team members are Master’s of Science in Applied Quantitative Finance students Hezekiah Agbo, Andy Brown, Carolyn Lucca; and undergraduate finance students Carys Helm and Tim Lochtefeld.
“The team continues to demonstrate their strong work ethic and intellectual curiosity. They earned this victory” said Van Wombwell, who was the team’s industry mentor from Johnston & Associates, Inc. “They put in a lot of long hours and hard work.”
Students worked in teams to research and analyze a publicly traded company. This year’s subject company was SM Energy Company (NYSE: SM), an independent oil and gas exploration and production company headquartered in Denver.
“This year’s team is extremely strong, talented and hardworking,” JP Tremblay, team adviser and associate teaching professor of finance. “They produced a world-class research report on a very technical company. I have the highest hopes and confidence in their continued success at the next level of the competition.”
Each team wrote a research report on the assigned company with a buy, sell or hold recommendation and presented their recommendations to a panel of judges at the local finals. The report and presentations each represented 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 Wyoming; and the Colorado School of Mines.
The team will head to New York City for the Americas Regional Finals on April 24, where they will face local winners from all over North and South America. Should the Daniels team emerge victorious at the regional event, they would attend the global finals the next day.
Students from Daniels have won the Colorado competition six times in the past 10 years.