UP Diliman team wins top prize at 'investment Olympics'
MANILA, Philippines – A team from the University of the Philippines (UP) Diliman was recently named champion of the 8th CFA Institute Research Challenge Global Final in Singapore.
The UP team bested teams from Politecnico di Milano of Italy (representing Europe, Middle East, and Africa) and the University of Missouri, Kansas City (representing the Americas) in the annual competition dubbed the “investment Olympics” for university students.
Students joining the Research Challenge assume the role of research analyst as they learn applicable professional skills from leading industry experts and gain real-world experience.
For this year’s competition, UP presented a buy recommendation on Meralco and defended their recommendation before an international panel of judges.
The UP team was composed of Geoffrey Archangel Bautista, Diego Mikhail de Ocampo, Nigel Williamson Lee, Corrine Francesca Reyes, and Miguel Alfonso Solidum.
Vicsal Investment Inc.’s Raymund Abara was the team’s mentor while Professor Daniel Vincent Borja served as faculty advisor.
“We are very honored to share this achievement with the Philippine finance community. Our rigorous preparation every step of the way has helped us learn what it takes to excel in the finance profession. Financial skills are important, but so too is adherence to the highest ethical standards,” Borja said.
The winning team was awarded a $10,000 grant for the university, and each team member received a scholarship for the CFA Program.
UP Diliman also won the Global Final in 2010, making it the only university to win the competition twice.
“The UP Diliman team has proven again to be solid representatives of the future of our industry,” said CFA Society President April Lynn Tan.
CFA Institute is a global association of investment professionals with over 140 member societies worldwide.
More than 3,700 students from over 800 universities worldwide joined the 8th Research Challenge.