The CFA Society of Madison announced today the University of Wisconsin - Milwaukee has won the local competition of the CFA Institute Research Challenge and team now advances to the Americas Regional Challenge next month in Toronto.
Members of the winning include Brendon Anderson, Rohan Dighe, Douglas Hipple, Michael McQuide, and Ben Van Handel. Luke Fairborn, CFA a Senior Advisor for Emory & Co., served as Mentor to the team. G. Kevin Spellman Ph.D., CFA served as the group’s faculty advisor. The panel of judges included Alan Shepard, CFA of Madison Investment Advisors, W. Steven Musser of Musser Capital Advisors and Greg Schroeder, CFA of Wisco Investment Management.
The CFA Society of Madison competition was the first round of the CFA Institute Research Challenge. All of the student teams in this round of the competition presented a detailed analysis and investment recommendation on STRATTEC Security Corporation, is a producer of automotive locks and keys located in Milwaukee. The presentations at the Madison finals were the result of three months of research, interviews with company management, discussions with competitors and dealers and presentation preparation.
The students from UW-Milwaukee will now travel to the Americas Regional challenge to be held on March 20-21 in Toronto, Canada where they will compete with student teams from Canada, the United States, and South America. The winners of the four regional challenges (Americas, New York, Europe, and Asia Pacific) will advance to compete in the global finals on April 12, 2013 in London.
Dr. Kevin Spellman offered praise for his students, the CFA societies, and their mentor. “This competition is a great opportunity for the students to hone their research and stock presentation skills. The students, who eagerly volunteered for the competition, worked diligently on identifying industry and business drivers, forecasting financial statements, and creatively valuing STRATTEC using several approaches. We appreciate the CFA Societies of Madison and Milwaukee for their solid support and organization of the CFA Institute Research Challenge and for Luke Fairborn's contributions as the students’ mentor.”