Financial analysis of charts and graphs on tablet illustration

Students from the University of Waterloo’s School of Accounting and Finance (SAF) won their fourth consecutive CFA Institute Research Challenge Local Competition, CFA Society Toronto announced on Wednesday.

Student team members, Katherine Chan, team captain, Hammad Shams, Uday Sandhu, Justin Lee and Kevin Li, each will receive a $1,000 prize and will be advancing to the Americas regional competition of the CFA Instititue Research Challenge in Boston, on March 19-20. Regional winners will then advance to the global finals in Kuala Lumpur, Malaysia on April.

The winning team worked with industry mentor Jeannine LiChong. The portfolio manager left Toronto-based Gluskin Sheff + Associates Inc. at the end of December.

This is the Waterloo, Ont.-based university’s fourth consecutive local win and the sixth overall since the Society started this initiative in 2010. In 2016 SAF students competed against stiff competition from universities around the globe and were the second Canadian team to win the Americas regionals level of the challenge, and the first Canadian team to be global champions of the competition.

The challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly traded company, and each team writes a research report on its assigned company with a buy, sell, or hold recommendation. Teams that progress to local, regional and global finals must present and defend their analysis to a panel of industry professionals.