Ateneo de Manila
University takes top slot in CFA Institute Research Challenge
Asia-Pacific regional and advances to global final
CFA Institute nurtures the
next generation of financial leaders through real-world experience in
financial analysis
By MARKETWIRE
March 30, 2015
MANILA – Ateneo de
Manila University of the Philippines has edged out 20 other student
teams from 15 countries across Asia Pacific to win the ninth CFA
Institute Research Challenge Asia-Pacific Regional, and will advance
to the global final in Atlanta, Georgia, USA, on April 17, 2015.
Students from the
Philippines continued their string of success in recent years. This
year's win marks the third time that a Philippine team has been named
Asia-Pacific champion -- the most wins for any country participating
in the competition. Last year, the University of the Philippines,
Diliman went on to win the Global Research Challenge Final.
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. After a
semi-final round, only five of 21 teams advanced to the final round
held in Manila on 12 March. Aside from Ateneo de Manila, the finalists
included University of Melbourne (Australia); Symbiosis Centre for
Management and Human Resource Development (India); National Taiwan
University (Taiwan), and Thammasat University (Thailand).
The finalists presented
their analysis to a panel of investment industry expert judges
comprised of:
- Mohammad Shoaib, CFA,
Chief Executive Officer at Al Meezan Investment Management Limited
- Brindha Gunasingham, CFA,
Principal and Founder, FitzBiz Investment Analysis & Strategy
- Keith Neruda, CFA, Founder
and Managing Director, Equity Pricing Strategies
- Maria Theresa Marcial
Javier, SVP & Group Head- Asset Management and Trust Group at Bank of
the Philippine Islands
The five Ateneo de Manila
University students -- Sarah Jane Cua, Jose Enrique Fausto, Shaun
Wesley Que, Jayhan Regner, and Kyle Jemmric Velasco -- won for their
"buy" recommendation on Concepcion Industrial Corp. Each student
received a trophy, a CFA Program scholarship, and certificate.
CFA Society Philippines, the
CFA Institute member society in the country, sponsored the winning
team as well as hosted the event in Manila.
"We warmly congratulate
Ateneo de Manila University for winning the CFA Institute Research
Challenge Asia-Pacific Regional this year. They have proven their
superior analytical, report writing, and presentation skills, as well
as their commitment to the CFA Institute Code of Ethics and Standards
of Professional Conduct," said Paul Smith, CFA, President and CEO of
CFA Institute. "We remain committed toward nurturing young talent as
part of our goal to foster the highest standards of ethics, education,
and professional excellence among the next generation of investment
professionals. We are grateful for the dedication of our local member
societies and volunteers who serve as mentors to these students. I
personally look forward to sterling performances from the Ateneo team
again at the global final."
Speaking on behalf of the
winning team, Jose Enrique Fausto said, "We never expected to be here;
but we're so thankful to God, our advisors and mentors, family, and
friends who helped us achieve this incredible honor for our university
and our country."
Introduced in 2006, CFA
Institute Research Challenge is considered as "the investment
Olympics" for university students. This year, more than 4,000 students
from more than 865 universities have participated in 99 local
competitions and 137 local hosts in some stages of the challenge,
which stretches from May 2014 to April 2015.