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Southwest US Research Challenge
•CFA Society Austin•CFA Society Dallas Fort Worth•CFA Society Houston•CFA Society Louisiana•CFA Society New Mexico•CFA Society Oklahoma•CFA Society San Antonio
•Now in it’s 10th year!
Southwest US Research Challenge
CFA Institute Research Challenge
• The CFAI-RC in a local intercollegiate competition sponsored by affiliate member societies of CFA Institute, is an education initiative in which leading industry professionals teach business and finance students how to research, write and and present a report recommending a “Buy”, “Sell”, or “Hold” position on a publicly traded company.
• Originated by NYSSA, with support from CFA Institute, the Challenge is now being replicated in Africa, Asia, Canada, Europe, Latin America, Middle East and the U. S.
Southwest US Research Challenge
Purpose of Challenge
• Teaches best practices in research to the next generation of analysts.
• Provides experience in a real-world setting to complement students’ academic curriculum.
• Develops interest in securities analysis and the investment profession at top area business schools.
• Provides an opportunity for experienced professionals to give back.
Southwest US Research Challenge
CFA Institute Research Challenge – LA/OK/TX - Process
Educational Seminars
webcasted to students
Teams selected by universities participating
Mentors introduced and subject company
announced
Company presentation
Reports submitted
and evaluated
Finalist teams present to
panel – winner selected
Southwest US Research Challenge
• Participants
• Benefits to the Society
• Key Components
• Challenge Timeline
• Next Steps
Southwest US Research Challenge
PARTICIPATION
• Local CFA Societies– CFA Austin
– CFA Dallas
– CFA Houston
– CFA Louisiana
– CFA New Mexico
– CFA Oklahoma
– CFA San Antonio
• CFA Institute
• Core Schools:• Baylor University• Cameron University• LSU• Nicholls State U• Oklahoma Christian U• Rice• SMU• Stephen F. Austin• St. Marys• TCU• Texas State • Texas Wesleyan • Texas Tech• Tulane• Tx A&M• Texas A&M - Kingsville• U of Central OK• University of Dallas• U of H• U of New Mexico• UNT• UT - Arlington• UT-Dallas• UT-San Antonio • West TX A&M
Southwest US Research Challenge
Challenge Participants
CFA Society Faculty Students IndustryResponsibilities
• Abide by CFA Institute guidelines and rules
• Liaise with university advisors and students
• Recruit volunteers – mentors, graders, judges
• Coordinate logistics together with staff
Responsibilities• Co-ordinate all on
campus activities.• Prepare recruiting
session in the fall • Select the teams• Communicate as
requested by IRC-TX Co-ordinators
Responsibilities• Co-ordinate all student
campus activities.• Attend the various
presentations/webcasts• Complete the research
report/recommendation.• Prepare presentation.
Responsibilities• Provide knowledge and• Resources• Co-ordinate Company
wide activities• Present to the teams
and respond to team questions.
Benefits • Become an active
Society volunteer• Contribute in Challenge-
related events• Share expertise with next
generation of investment professionals
• Network with other society volunteers
Benefits• Network with other
universities• Network with local CFA
society members• Free sharing of ideas
with working Industry and other University staff
Benefits• Network with students
at other universities• Network with society
members and learn about the CFA program
• Awards at local level• Winning team given
opportunity to complete regionally
Benefits• Easy give back to
community • Network with other
Industry professional• Have a active role in
the Societies
Southwest US Research Challenge
Benefits to the Society
Fulfills mission to educate investment professionals and investing public.
Promotes investment management best practices and ethical standards.
Increases number of professionals who volunteer at Society.
Attracts senior-level professionals who may not otherwise be active in Society.
Forges relationships with area business schools and students.
Southwest US Research Challenge
• Key Components
Seminars
Mentoring
Company Presentation
Written Reports
Panel Presentations
Southwest US Research Challenge
SEMINARS
• What: Investment professionals provide basic knowledge of components of securities research and analysis – Research Report Writing – Buy and Sell-side
Perspectives– Ethics
• When: September - November • Where: Web cast
Southwest US Research Challenge
Challenge TimelineSeptember – November Universities select teams Seminars at participating universities or via web cast Mentors chosen and confirmed
December - January Teams submit questions for company – Company Presents Kick-off meeting at which mentors are introduced and rules are discussed Teams do written reports
February Final reports are submitted and graded Finalist teams present recommendations at TIPS (held at a participating university) Winning team(s) announced
March Winning team(s) of local LA-NM - OK-TX challenge competes regionally with
other local Challenge winners across Canada, Latin American and the US.
Southwest US Research Challenge
Annual Steps for Completion
• Secure funding support from CFA Institute
• Communicate with participating universities
• Update on: www.cfasocietiesoftexas.org
• Provide Webcasts of seminars
• Company approached/announced
• Schedule Final oral competition with TIPS (Texas Investment Portfolio Symposium
Southwest US Research Challenge
Annual Steps for Completion (pg 2)
• Kick Off with schools (24+)
• Assign mentors
• Select Graders
• Commitments on Judges/Panelists – 2 panels
• Solicit continued sponsors for Competition
• Work with winning team(s) on regional competition preparation
Southwest US Research Challenge
Coordinators
• John Keeton, CFACFA Society of San [email protected]
• Sharon Criswell, CFACFA Society of [email protected]
Southwest US Research Challenge
• The New York Society of Security Analysts (NYSSA) introduced the Investment Research Challenge in the 2002-2003 academic year as a means to promote best practices in research among the next generation of analysts. The Challenge is an eight-month educational initiative in which leading industry professionals teach business and finance students how to research and report on a publicly traded company. The challenge is now trademarked, administered and managed by CFA Institute and is being offered globally with the involvement of tens of thousands of students from over 800 universities in more than 55 countries.