La Trobe wins Charted Financial Analyst Global Investment Research Challenge

CFA Investment Research Challenge winnersLa Trobe University finance students will represent Australia at the Asian finals of the CFA Global Investment Research Challenge in February next year.

La Trobe’s team won the national challenge of this prestigious event last week after beating Monash, Adelaide and RMIT in the finals.

If successful in Bali next year, the team will go on to compete in the CFA Global Investment Research Challenge Final, to be held in the US in April.

The five-member La Trobe team comprised of Mr Hani Koshaji (from Syria), Mr Byoung-Jin Kang (Korea), Mr Tong Wang (China), and Ms Thi Kim Chau Hua and Ms Nguyen Ngoc Anh Le (Vietnam).

La Trobe senior lecturer in Finance, Greg Jamieson said given the many negative stories in the media recently about Australia's international student sector, it was very pleasing the winning Australian team was made up of international students from four different countries.

“Here's a group of international students who through this Challenge have achieved success in Australia, an applied education in valuation, and friendships for life. Their success is due to the considerable thought and effort they invested in the Challenge,” Mr Jamieson said.

On congratulating the team, Acting Dean of Law and Management Professor Carol Adams said the university was extremely proud of their achievement: “It's great news for the Faculty, and clear evidence that our teaching is making an impact on students from around the world.”

University teams of up to five students are required to analyse and value a publicly listed company and report their valuation and recommendation both in the form of a written stock report and as a verbal presentation and defence of the argument as well as a recommendation to a panel of leading investment industry professionals.

Ms Thi Kim Chau Hua of the winning team said “this is the best way to learn as it requires broad knowledge on aspects such as marketing, management, macro and micro economics and also a deep knowledge of financial analysis and valuation.”

The Charted Financial Analyst Institute (CFA) designed the Challenge to promote best practices in equity research and company analysis. Students’ research, analyse, and report on a company as if they are practicing analysts. It provides students, investment industry professionals and publically traded companies a unique opportunity to promote the study of investment analysis at university.