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A team of four students from the Faculty of Business Administration’s Student Investment Fund (SIF) won the North American championship at the second annual Global Investment Research Challenge on April 30th in New York City. The University of Houston placed second, while the University of Pittsburgh placed third.
In the competition, students from universities around the world presented and defended their stock recommendations and were judged on their performance by industry experts. Dustin Besaw, Jason Misener, Jack Ma and Brian Bagnell of Fredericton competed on the team, while Nathan Ough and Ian McAvity of Saint John were observers.
During the competition, the student teams were given 10 minutes to pitch their stock recommendations to panel members from companies such as UBS, Neuberger Berman, Strategas Research Partners and the Chartered Financial Analyst (CFA) Institute.
In the Global championship on May 1 the SIF team placed second overall behind The University of Hong Kong. Over 80 countries were represented in the competition.
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After placing first in the North American round of the Global Research Challenge in New York City, Student Investment Team members visit the Merrill Lynch trading floor. L-R: Glenn Cleland (Director, Centre for Financial Studies and SIF Instructor), Brian Bagnell, Dustin Besaw, Guofeng (Jack) Ma, and Jason Misener. |
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