The latest news in Eastern Visayas region
 

Follow samarnews on Twitter

 
 
more news...

Cultivating freedom

PLDT, PBSP bring students closer to school with new classrooms

Army encounters NPA rebels, seizes claymore mines and other war materials in hinterland village of Ormoc City

Typhoon Yolanda survivor, rights groups call on UN to probe Aquino govt’s slow, inefficient response

Army in Eastern Visayas launches Project Shoe Box

War vets rejects secretary Gazmin’s constitution and by-laws for VFP

Army, LGU declares first “Insurgency-free” town in Leyte

Report from local resident led to the capture of a rebel firearm

 

 

 

 

 

University of the Philippines Diliman wins CFA Institute Research Challenge Global Final

By MARKETWIRE
June 24, 2014

MANILA, Philippines – The University of the Philippines Diliman was declared champion of the eighth CFA Institute Research Challenge Global Final, an annual competition considered 'the investment Olympics' for university students. The UP Diliman team edged out from the other finalists, Politecnico di Milano of Italy (representing Europe, Middle East, and Africa) and the University of Missouri, Kansas City (representing the Americas.)

Looking through the record history, the victory in Singapore earned UP Diliman the distinction of being the only university to win the Global Final twice, recognizing the world-class talent of future finance professionals in the Philippines and the Asia-Pacific region. UP Diliman last won the Global Final in 2010.

April Lynn Tan, CFA, president of CFA Society Philippines said the UP Diliman team has proven again to be solid representatives of the future of our industry. "The team's victory is an impressive feat as over 800 universities worldwide vied to make it to the finals and brings great honor to our country. We thank the team's mentor and teachers who guided the team toward success. These aspiring financial professionals are the agents of the next era of finance – one of integrity, stewardship, and professional excellence. Through their strong leadership, knowledge, and ethics, we can move closer toward a more trustworthy finance industry," said Tan.

The UP team was composed of Geoffrey Archangel Bautista, Diego Mikhail de Ocampo, Nigel Williamson Lee, Corrine Francesca Reyes, and Miguel Alfonso Solidum and presented a buy recommendation on Meralco and defended their recommendation before an international panel of judges. Raymund Abara, CFA, of Vicsal Investment Inc. served as mentor, while Professor Daniel Vincent Borja served as faculty advisor.

"We are very honored to share this achievement with the Philippine finance community. Our rigorous preparation every step of the way has helped us learn what it takes to excel in the finance profession. Financial skills are important, but so too is adherence to the highest ethical standards," said Professor Borja.

Commenting on nurturing financial professionals, Mr. Hans B. Sicat, President and CEO of the Philippine Stock Exchange (PSE) said, "The PSE is committed to providing continuing education to market participants and investors. As such, it commends the CFA Institute for its efforts in supporting the development of the next generation of financial professionals through the Research Challenge. The future of investment research looks even better when students are exposed to the excellence and ethical standards observed by CFA charterholders, and the team from the UP Diliman is to be congratulated for being the best in the field."

The CFA Institute Research Challenge is an annual educational initiative that promotes best practices in equity research through hands-on mentoring and intensive training in company analysis and presentation skills. Throughout the course of the competition, which requires hundreds of hours of preparation, participants receive mentoring from an industry professional as they analyze a publicly traded company, write a professional research report, and present their research results and recommendations to a high-profile panel of experts. Ethics and professional standards are at the core of the process and all participants are held to the CFA Institute Code of Ethics and Standards of Professional Conduct. Points are awarded to teams on the basis of their investment case, poise, and ability to answer the judges' questions.

CFA Institute, the global association of investment professionals, and its over 140 member societies worldwide including CFA Society Philippines, host local and regional Research Challenge competitions leading up to the Global Final, where the winning teams from the three regional finals compete. In 2013-2014, more than 3,700 students from over 800 universities around the world participated in the Research Challenge.

The winning team is awarded a USD$10,000 grant for the university, and each team member receives a scholarship for the CFA Program.