Win in Atlanta could lead to global competition in Hong Kong in April
SPARTANBURG, S.C. – Beating out competition that included MBA students, five Wofford College students have advanced as one of four finalist teams in the Inaugural Southern Classic Investment Research Challenge (IRC). The team will compete against the University of Georgia, Georgia State University and Emory University on Tuesday, Feb. 16, in Atlanta, where they will present their research to a panel of senior investment industry executives.
The Southern Classic IRC, as part of the CFA Institute Global IRC, is a six-month educational initiative in which leading industry professionals teach business and finance students best ethical practices in researching and reporting on a publicly traded company. The CFA Society of South Carolina and the CFA Society of Atlanta are participating in the program.
Wofford’s student research team includes five undergraduate seniors: Chris Dalton from Spartanburg, S.C.; Austin Palmer from Gainesville, Ga.; Chelsea Shropshire from Parrottsville, Tenn.; Austin Webb from Chapel Hill, N.C.; and Kirk Whitehead from Marietta, Ga. The group is advised by Dr. Philip Swicegood, associate professor of finance.
The field of top finance schools was narrowed down to the “Final Four” on the basis of written reports on subject company Cbeyond (NASDAQ: cbey). Cbeyond is a voice-over-Internet-protocol-based managed services provider to small businesses. The four teams each will have 20 minutes to convince the panel of the merits of the investment recommendations found in their written reports. The winner of the Southern Classic IRC will compete in the next round of competition, CFA Institute Americas Regional IRC on March 18 in New York City, with hopes of advancing to the final round of the Global IRC on April 17 in Hong Kong.
CFA Institute is the global membership association that administers the Chartered Financial Analyst® (CFA®) curricula and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry.
For more information on the Global Investment Research Challenge, visit http://www.cfainstitute.org/society/challenge.