Overview/History of the IRC: In 2006, the CFA Society of Dallas/Fort Worth and the CFA Society of Houston teamed up to launch an exciting new initiative, the Investment Research Challenge-Texas. In the initial year of the Challenge, student teams from Rice, A&M, TCU and SMU competed with each other on analyzing, writing, and presenting a report recommending a “Buy”, “Sell”, or “Hold” position on a publicly traded company. The societies assisted in providing education tools; the goal being to provide a value-added real-world application for these students. The teams were then assigned the company (i.e. the target company) to analyze with access to the CEO and CFO. Teams were given a template to follow in completing their written analysis/report. All four Texas societies, Austin, Dallas-Fort Worth, Houston and San Antonio provided mentors for the teams, judges or graders. Finalist teams competed before an oral panel made up of leaders in our investment community at the Texas Investment Portfolio Symposium (TIPS). The winning team went on to compete regionally against other winners hosted by CFA Institute in New York City.
2013 Summary - Out of a total of 25 teams across three states (LA, OK, TX) competing in this year's local CFA Institute Research Challenge, Texas State University won the final competition held in conjunction with TIPS (Texas Investment Portfolio Symposium) on February 16, 2013 at Rice University. Rice University was second. The CFA Insitute Research Challenge - Southwest U.S., now in its eighth year, is managed and supported by the CFA Societies of Texas (Austin, Dallas-Ft. Worth, Houston, and San Antonio) as well as the CFA societies of Louisiana and Oklahoma. As the winners of this year's event, Texas State team members are eligible to receive a scholarship for their next CFA exam. The top two winners, Texas State and Rice will represent our area at the Americas Regional Final in Toronto on March 21st where 47 teams from across the Americas, including Canada, the U.S., and Latin/South America will compete.
2013 - 2014 Update - The CFA Research Challenge - Southwest U. S. begins September 2013. Company is SolarWinds (SWI). And in 2014, 8 teams will be selected based on their written reports/analysis to present their recommendations at the finals held in conjunction with TIPS. Timelines and up-to-date announcements are availabe on the website.
From its beginnings eight years ago, the Challenge now involves more than 3,000 students from over 650 of the world’s top universities. 55 countries are represented. 111 societies participate utilizing over 2,000 volunteers.
A very, very special thank you to all the members of the CFA Societies of Texas, Louisiana, and Oklahoma for their assistance in our Southwest U.S. Challenge including the many university liaisons, faculty advisors, instructors, team mentors, graders and judges. Each of your contributions has made it possible for the local Challenge to become the success it is today! Volunteers interested in signing up for the 2013 – 2014 competition, please contact Leah Bennett (firstname.lastname@example.org) or Sharon Criswell (email@example.com).
Benefits of the CFA Institute Research Challenge:
- Students receive real-world training in equity analysis
- Investment professionals make an impact on the profession
- Public companies promote education and analyst independence
- Universities gain global exposure
- Corporate sponsors reach universities, students, and finance professionals
For additional information on the CFA Institute Research Challenge, please download our Powerpoint presentation.