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, Texas 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 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.
From its beginnings sixteen years ago, the Challenge now involves more than 6,000+ students from over 1,200 of the world’s top universities. Over 160 societies participate utilizing thousands of dedicated volunteers. IN BOTH OUR NORTH TEXAS AND OUR SOUTH TEXAS RESEARCH CHALLENGES WE RELY ON OVER 100 DEDICATED VOLUNTEERS!
Both the Research Challenges open in September of the Academic Year and runs through late February where a winner is chosen to compete against other local winners of Challenges throughout the Americas, Europe, Middle East and Africa plus Asia Pacific.
For a Full Timeline Click Here:
Sent to all participating teams, a copy can be accessed here to the Official Rules.
To see Results Click Here: