Wednesday, February 27, 2013 ASAP News
MBA Students Named Winner of the Milwaukee CFA Institute Research Challenge by Staff

A team of Wisconsin MBA students advanced to a regional CFA competition in Toronto after winning the local contest in Milwaukee last week.

The CFA Institute Research Challenge was held in Milwaukee last week and members of the winning team include Cairn Clark, Ashley Ditmarsen, Ali Gardo, Casey Karbowski, and Dan Sosnay, who are all Applied Security Analysis Program students.  Drew Justman, an equity analyst at Madison Investment Advisors, served as mentor to the team.  Brian Hellmer, director of the Hawk Center for Applied Security Analysis, served as the group’s faculty advisor. The panel of judges included Adam Sweet of Madison Investment Advisors, Mark Prusha of Musser Capital Advisors, and Jean Wangard of Wangard Investment Consulting.  

The CFA Society of Milwaukee competition was the first round in the global CFA Institute Research Challenge.  All of the student teams presented a detailed analysis and investment recommendation for Harley-Davidson Corporation. The presentations were the result of three months of research, including interviews with the company’s management team, and discussions with competitors and dealers. 

ASAP students won the Milwaukee CFA Society competitionThe Wisconsin School of Business students will travel to the Americas Regional Challenge scheduled for March 20—21 in Toronto. The group will compete with student teams from Canada, the United States, and South America.   The winners of the four regional challenges (Americas, New York, Europe, and Asia Pacific) will advance to compete in the global finals on April 12 in London.

“I’m extremely proud of this talented group of students,” Hellmer said. “In addition to the normal demands of their classes, they voluntarily devoted many hours researching the company and preparing the presentation. We are privileged to represent the CFA Society of Milwaukee at the next competition in Toronto.”

The CFA Institute Research Challenge offers students the opportunity to learn from leading industry experts and peers from the world’s top business schools. The competition is designed to teach best practices in equity research to the next generation of analysts through hands-on mentoring and intensive training. This year, more than 100 CFA Institute member societies are hosting local competitions.  More than 3,000 students from more than 650 universities in 55 countries are participating. 

The CFA Institute is the global association for investment professionals. It administers the CFA and CIPM curriculum and exam programs worldwide, publishes research, conducts professional development programs, and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. The CFA Institute has more than 107,000 members. More information may be found at the organization’s website.