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UNIBusiness finishes 2nd in statewide CFA Research Challenge

April 15, 2019 - 10:51am
UNIBusiness Editor
Luke Muller, Johnny See, Quinton Baenziger, Patrick Gold, Jonas Gehring

UNIBusiness finished second at the 2019 CFA Institute Research Challenge hosted by the CFA Society of Iowa in February at the Pappajohn Higher Education Center in Des Moines. The undergrad team of Patrick Gold, Jonas Gehring, Luke Muller, Quinton Baenziger and Johnny See beat out other Iowa college teams, including a few comprised of graduate students.

“They did a great job of splitting up tasks and completing them with everyone very motivated through the process,” said Justin Lallemand, adviser for the group and a professor of finance. “In fact, they would sometimes meet after my night class, in which much of the team was in, that ends after 8 p.m.

“The oral presentation was extremely short with a 10-minute limit and they did an excellent job… They managed to pass along all of the most important details leading to their buy recommendation in a very short amount of time while having an entertaining presentation.”

Ten teams from around the state participated in the challenge, and each were assigned the same company to research. Based on their findings, teams decided to buy, hold or sell that company via a written research report. Members then showcased their decision in a 10-minute presentation to a panel of industry experts.

“To me, the best part of the experience was getting in-depth feedback from professionals that have worked in the investment management industry for years,” Muller said. “When you are learning how to build financial models and analyze financial statements in class you really only see the by-the-book way of doing things, but it is difficult to see how the information could help you in a real-life situation.”

The team persevered through some ambiguous deadlines for the project and impressed their industry expert, who was assigned to help the students. Lallemand said the team lost out on first place by a “razor-thin” margin, but he was extremely proud of the results.

UNIBusiness thanks the those who donate to the Dean's Fund for Excellence. Funds raised help pay for student organization competitions, global experiences and professional credential education.


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