The CFA Society of St. Louis announced the University of Missouri Trulaske College of Business team won the CFA Institute Research Challenge in St. Louis. The win qualified the MU team to advance to the Americas Regional Challenge in New York to compete against other universities from the United States, Canada and South America.
Each university sent a team of three-to-five students to participate in the Research Challenge, which is administered by the CFA Institute, a global association of investment professionals. The St. Louis Regional competition was the first step for the University of Missouri to advance towards the global finale in New York. The MU team competed against regional universities in the St. Louis challenge including Washington University.
MU's team members Scott Thelen, Paul Abrogouah, Jeff Boyce and Hoc Phan proudly bring home the honors. Faculty members Michael O'Doherty, Shastri Sandy, and John Stansfield led the team to first place.
Following the win, the students traveled to the Americas Regional Challenge in New York, where they matched their wits, analytical skills and presentation abilities against other student teams. The winners of the four Regional Challenges - Americas, New York, Europe, and Asia Pacific - advanced to compete in the Research Challenge finale on April 11, 2012. The global champion was Thammasat University, winner of the Asia Pacific Region.
The CFA Institute Research Challenge offers the students a unique opportunity to learn from leading industry experts and peers at top business schools from around the world. This annual educational initiative is designed to promote best practices through hands-on mentoring and intensive training in company analysis and presentation skills. This year, more than 100 CFA Institute member societies will host local competitions with more than 2,500 students and 500 universities worldwide.
"I am so proud of the Trulaske College of Business CFA students for their accomplishments," said Michael O'Doherty, Assistant Professor of Finance at the Trulaske College of Business. "This competition exposed our students to many great opportunities including a meeting with Mizzou alumni in New York and a visit to Goldman Sachs. Through it all the students were exposed to many opportunities in this field."
The students presented their buy/sell/hold recommendations and their analysis on Isle of Capri Casinos, Inc. Their presentation at the St. Louis Regional finale was the culmination of three months of research, interviews with company management, competitors, and clients, presentation training, and evaluation.