Investment Research Challenge Texas
University of Texas – San Antonio
2012 CFA Institute Research Challenge
CFA Societies of Texas, Louisiana and Oklahoma
In 2007, the CFA Society of Dallas/Fort Worth and the CFA Society of Houston teamed up to launch an exciting new initiative, Investment Research Challenge – Texas. In the initial year of the Challenge, student teams from Rice, A&M, TCU and SMU competed with each other on analyzing, writing, and presenting a report recommending a "Buy”, "Sell”, or "Hold” position on a publicly traded company. The societies assisted in providing education tools; the goal being to provide a value-added real-world application for these students. The teams were then assigned the company to analyze with access to the CEO. Teams were given a template to follow in completing their written analysis/report. All four Texas societies, Austin, Dallas-Fort Worth, Houston and San Antonio provided mentors for the teams, judges or graders. Finalist teams competed before an oral panel made up of leaders in our investment community at the Texas Investment Portfolio Symposium (TIPS). The winning team went on to compete regionally against other winners hosted by CFA Institute in New York City.
Each year the local challenge has grown, and last year it was expanded beyond Texas. This year a total of 10 teams are competing; Rice, LSU, SMU, TCU, Texas A&M, Texas Tech, Tulane, U of H, UT, UTD and UTSA. The Texas company for 2010 was Rent-A-Center (RCII). 5 finalists; LSU, SMU, U of H, UTD, and UTSA competed at SMU on February 20th with University of Houston winning the IRC-Texas competition and SMU coming in second. This is U of H’s 2nd time to win the IRC-Texas. Their team went on to compete against other challenge winners (28 local challenges across Canada, Latin America and the U.S.) in CFA Institute’s Americas Regional IRC held March 18th in New York City. The winner was Brigham Young University who went on to complete in the global finals held on April 17, 2010 in Hong Kong where the University of the Philippines-Diliman won the Global Investment Research Challenge for 2010.
Thanks go out to Mark E. Speese, CEO, Robert D. Davis, CFO of Rent-A-Center and all the contributors of IRC Texas in our CFA DFW society; Brian Bruce, Robert Butler, Joe Chairez, David Cordell, Ben Cowan, Roddy Cummins, Don Hultgren, Ian Lim, Dr. Larry Lockwood, Brian McManus, Jeff Mercer, Steve Orr, and Matt Quinn. Special thanks to the Society Presidents of CFA-Austin, CFA-DFW, CFA-Houston, CFA-Louisiana, CFA-San Antonio, and most importantly, Leah Bennett of CFA-Houston for coordinating the Investment Research Challenge – Texas and making it the huge success it is today. To get involved, contact Sharon Criswell (firstname.lastname@example.org).