Rollins MBA and CFA Societies of Florida Host Investment Research ChallengeOn Saturday, February 22, 2011, the Rollins College Crummer Graduate School of Business and the CFA Societies of Florida hosted the 2nd annual Florida Investment Research Challenge. The Challenge is an exciting competition in which student teams from universities across Florida present their own equity investment research on a leading, Florida-based company to a panel of investment industry experts. “We are very pleased to host the event,” said Dr. Halil Kiymaz, Rollins MBA Bank of America Chair and Professor of Finance, and continued “We believe that this educational initiative promotes best practices in research among the next generation of equity analysts while offering a ‘real world’ experience. We will continue our cooperation with the CFA Societies of Florida to bring various events to our community.”
In conjunction with the CFA Institute, a global association of investment professionals that awards the Chartered Financial Analyst designation, CFA societies and universities all over the world host and launch local challenges in which teams of 3-5 business students research and prepare a company analysis. Local champions advance to regional competitions in the Americas, Asia, and Europe and then the global finale. Last year, more than 425 universities competed in the Global Investment Research Challenge.
The 6 CFA Societies of Florida commended the effort of each of the participating universities in this year's Florida Challenge. All teams demonstrated significant talent in their research of Chico’s to the enjoyment of the audience. Similar to last year's Challenge, the scoring was very close, with Stetson University narrowly overcoming strong competition from the University of Florida, University of North Florida, Florida Atlantic University, Embry Riddle University, and Florida State University. This year’s winning team advances to compete in the North America Investment Research Challenge hosted by CFA Institute and to be held in Omaha, Nebraska, in April 2011.
As each of the teams displayed great poise along with effective argument, the CFA Societies of Florida are confident that Florida will be well represented at the North America Challenge. Rollins College is also looking forward to next year’s Florida Challenge and the competition from both universities which participated this year along with other leading universities that would like to challenge for the 1st time.