TORONTO, March 12, 2012 /CNW/ - Toronto CFA Society is pleased to announce that University of Waterloo has won the local level of the CFA Institute Research Challenge, a global competition that tests the analytic, valuation, report writing and presentation skills of university students. The team now advances to the Americas Regional Final, to be held in New York City on April 10, where they will compete against teams from the U.S., Canada and Latin America. The Americas Regional winner will advance to the global final in New York City on April 11.
The winning team - Mike Y. Liu, Daniel Pacione, Meng Wang, Michael C. Liu, Ian Gutwinski, and faculty advisor Craig Geoffrey, CFA, Professor of finance and business at University of Waterloo - was determined based on the best combined score for the written equities research report graded in January and their presentation before a panel of judges in Toronto. The team's industry mentor is Cosmos Chiu, CFA.
Peter S. Jarvis, CFA, executive director of Toronto CFA Society, said, "Toronto CFA Society is proud to host the next generation of analysts as they hone their analytical and presentation skills in this competition. It's hard not to come away from it energized and enthusiastic for the future."
Team member Ian Gutwinski said on behalf of Waterloo's winning team: "Through interaction with faculty, our CFA mentor and the competition judges, we received valuable feedback that will enhance our abilities as finance professionals. We are looking forward to the next round in New York."
University of Waterloo competed against teams from: Schulich School of Business, York University; University of Toronto, Scarborough; and Wilfrid Laurier University. All teams reported on this year's subject company, Onex Corporation, at BMO Client Centre, Toronto, ON. Wilfrid Laurier University earned an honourable mention as first runner up in this challenge.
About Toronto CFA Society
Toronto CFA Society is a not-for-profit organization supporting the professional and business development of CFA charterholders. The society provides members with a local perspective on a global designation including: educational programs, sponsored events, job postings, quarterly newsletters, a comprehensive affinity program and networking opportunities.
The society celebrated its 75th anniversary in 2011 and is affiliated with CFA Institute, the global body that administers the Chartered Financial Analyst curriculum and sets voluntary, ethics-based performance-reporting standards for the investment industry. With over 7,500 members, Toronto CFA Society is the second largest of the 135 CFA societies operating in the world. Our members are leaders in ethics within the financial community. For more information, please refer to www.torontocfa.ca.
About CFA Institute
CFA Institute is the global association for investment professionals. It administers the CFA and CIPM curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 107,000 members, who include the world's 98,000 CFA charterholders, in 133 countries and territories, as well as 135 affiliated professional societies in 58 countries and territories. More information may be found at www.cfainstitute.org.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
About the School of Accounting and Finance, University of Waterloo
The School of Accounting and Finance is the largest professional school of its kind in English-speaking Canada. Established in 1981, the School offers undergraduate and graduate programs designed to provide students with the competencies, professionalism and practical experience they need to excel in their chosen careers. The School offers undergraduate co-op programs in accounting, finance and computing and financial management. It also offers masters programs in accounting and taxation and a PhD program in accounting. For more details, go to http://saf.uwaterloo.ca.
For further information:
Toronto CFA Society
Manager, Marketing and Communications
School of Accounting and Finance
University of Waterloo
519-888-4567, ext. 37152