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March 29, 2011

UW-Eau Claire Finance Team Finishes Third at Regional Global Investment Research Challenge

CFA Global Investment Research ChallengeThe UW-Eau Claire investment research team placed third at the 2011 Chartered Financial Analyst (CFA) Institute Global Investment Research Challenge (IRC), which was held February 24, 2011 at the Milwaukee Athletic Club in Milwaukee, WI. The annual competition was hosted by the CFA Societies of Madison and of Milwaukee.

The 2011 UW-Eau Claire team competed against teams from Carthage College, UW-Oshkosh, UW-Whitewater, and UW-Madison, the team that placed first this year. All teams received cash prizes which were awarded to the colleges they represented. UW-Madison received a check for $1000; all remaining teams received $500.  

The UW-Eau Claire team consisted of the following members: Petros Eshetu, an MBA student from Ethiopia; Eric Nohelty, a senior double major in economics and business finance from Rothschild, WI; Brent Schott, a senior business finance major from Neillsville, WI, and Clay Van De Bogart, a senior accounting and business finance double major from Lakeville, MN. Dr. Raj Aroskar, Department of Accounting and Finance, was the team’s faculty mentor. The team’s corporate mentor was Andrew Hinz, CFA, vice president of Grace Matthews, Inc., a Milwaukee based consulting firm specializing in middle-market mergers and acquisitions.  Hinz is a 2004 graduate of the UW-Eau Claire College of Business.

The CFA Global Investment Research Challenge promotes best practices in equity research among the next generation of analysts through mentoring and intensive training in company analysis and presentation skills. Participants also are introduced to and held to the standard of the CFA Institute Code of Ethics and Standards of Professional Conduct.  

2011 Global IRC teams were asked to perform a security analysis and make an investment recommendation for Briggs and Stratton, a Wisconsin-based global leader in the manufacturing of small engines. Teams began researching the corporation in late October 2010. They submitted an 8 to 10-page written report highlighting their recommendations to the competition judges in early February 2011. On February 24th, teams met in Milwaukee to present their findings to a panel of judges consisting of research directors, portfolio managers, and chief investment officers from leading financial institutions. Presentations were judged on materials, argument, poise, questions, and use of resources. The team with the highest combined report and presentation score was named the winner.  

UW-Eau Claire students interested in competing in the 2012 Global IRC should contact Dr. Raj Aroskar, Department of Accounting and Finance. The decision to participate in next year’s event will be based on student interest and qualifications, Aroskar said.

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