800x600-red-carpet-awards-41791403 - red carpet event with spotlights award ceremonypremiere

CFA Society Toronto has announced the winners of its annual 2018 Ethics Challenge and Hillsdale Canadian Investment Research Award.

On Feb. 8, the University of Ottawa’s Telfer School of Management was named the champion of the 2018 CFA Society Toronto Ethics Challenge. Led by faculty advisor Pouya Safi, the team consisted of students James Beaudoin, Aamena Chatoo, Christian Cotroneo, Natalie Dokmajian and Nicholas Pelchat.

The team earned the award by demonstrating their ability to successfully negotiate ethical dilemmas in a real-life investment scenario. They presented their case to a panel of experienced investment professionals.

The ethics challenge is a Canada-wide competition designed to improve students’ awareness of the ethical dilemmas they might face in the investment services industry.

The Telfer School of Management will be advancing to the national level of the competition at the 2018 CFA Societies Canada Ethics Challenge on May 3 in Vancouver.

For the 2018 Annual CFA Society Toronto and Hillsdale Canadian Investment Research Award, Claudia Champagne and Frank Coggins of Sherbrooke University, and Stéphane Chrétien of Laval University, won the award for their paper Equity Premium Predictability: Combination Forecasts versus Multivariate Regression Predictions.

“The authors have discovered that using a combination of models to forecast the Canadian equity risk premium is superior to using regression in out of sample testing,” says Chris Guthrie, president and CEO of Toronto-based Hillsdale Investment Management Inc., in a statement.

Their findings use 66 years of data in Canada and contribute to the solid base of evidence backing the use of multi-model forecasting in the design of investment strategies, he adds.

CFA Society Toronto and Hillsdale Investment Management Inc. will award the $10,000 prize to the winners on Feb. 15 at CFA Society Toronto’s Annual Awards Reception.

The research paper was selected by a panel of judges from among 16 competitive papers submitted by academics from top business schools in the world as well as practitioners of leading investment firms in Canada.