1 / 15

Investment Research Challenge - Texas (IRC-TX)

Investment Research Challenge - Texas (IRC-TX). Investment Research Challenge. The Investment Research Challenge TM is an educational initiative in which leading industry professionals teach business and finance students how to research, write and

olathe
Download Presentation

Investment Research Challenge - Texas (IRC-TX)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Investment Research Challenge - Texas (IRC-TX)

  2. Investment Research Challenge The Investment Research ChallengeTM is an educational 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 and trademarked by the NYSSA the Investment Research Challenge (IRC) is now being replicated in Boston, Hong Kong and Texas societies (CFA HOUSTON/CFA-DFW) and starting up in Virginia and other regions by local CFA societies.

  3. 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.

  4. Investment Research Challenge – Texas - Process Mentors introduced and subject company announced Seminars hosted at universities and web-casted Teams selected by universities Reports submitted and evaluated Present to panel–select winner Company presentation

  5. Beginnings and Participants • Benefits to the Society • Key Components • Challenge Timeline • Next Steps

  6. Beginnings-University Participation • Steps for Challenge Development: • Core schools • Rice • SMU • TCU • Texas A&M • U of H • UT • Add new school(s) each year (Texas Tech in 2008) • Annual Research Challenge • Winners compete globally • First Program (SEMI) • Scholarship • Education • Mentoring • Internship • Objective: • Outreach to Schools providing students a forum for exchange of ideas

  7. Challenge Participants

  8. 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.

  9. Key Components Seminars Mentoring Company Presentation Written Reports Panel Presentations

  10. SEMINARS • What: Investment professionals provide basic knowledge of components of securities research and analysis • Internet as the Ultimate Securities Analyst Tool • Research Report Writing – Buy and Sell-side Perspectives • Ethics • When: September - December • Where: On campus and/or web cast

  11. Challenge Timeline September – December • Universities select teams • Seminars at participating universities or via web cast January • Teams submit questions for company – Company Presents • Mentors chosen and confirmed • Kick-off meeting at which mentors are introduced and rules are discussed February - March • Teams do written reports April - May • Final reports are submitted and graded • Panel Presentations co-ordinated with TIPS Program • Winner of IRC-TX competes globally at CFA Annual Conference, Vancouver or New York, London, or Hong Kong.

  12. Steps Completed: • Secured funding support from CFA Institute • Selected instructors • Co-ordinated Seminars • Installed web casting • Company approached • Final oral competition scheduled with TIPS program in April at Texas A&M.

  13. Next Steps (or in progress): • Assign mentors • Getting commitments on Judges/Panelists • Solicit sponsors for events/competition • Establish awards – will include CFA exam fees reimbursements for winning team members • Develop global competition with winners of other regional/country challenges at CFA Institute’s Annual Conference or other financial center.

  14. Coordinators • Leah Bennett, CFA CFA Society of Houston 713-961-0462 (x112)lbennett@kingadvisors.com • Sharon Criswell, CFA CFA Society of Dallas/Fort Worth 214-987-0860 (x116) scriswell@almfirst.com

  15. NYSSA – IRC • 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 fully supported at CFA Institute and is being offered in other regions including Hong Kong, Boston, Texas and Virginia with many additional local CFA societies looking to add a Challenge in the 2008/2009 academic year.

More Related