Top Universities to Compete in the CFA Institute Research Challenge Local Finals hosted by CFA Society Sri Lanka
View(s):CFA Society Sri Lanka announced the selection of the top 4 teams for the local finals of the CFA Institute Research Challenge competition. This year, the CFA Institute Global Research Challenge competition will be held in New York City on 22nd April 2022. The winning team of the local finals will advance to the sub-regional competition and have a chance to progress to the regional and global competitions thereafter.
Dinesh Warusavitharana CFA President CFA Society Sri Lanka
Dinesh Warusavitharana CFA, President of CFA Society Sri Lanka said that this time the highest number of teams participated in this annual educational initiative which promotes best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills. The teams that participated from both private and public universities are from the University of Kelaniya, University of Sri Jayewardenepura, University of Wayamba, University of Colombo, University of Moratuwa, Uva Wellassa University, Sabaragamuwa University of Sri Lanka, University of Jaffna, University of Peradeniya, Royal Institute, SLIIT and NSBM. They submitted a written report on this year’s subject company, Haycarb PLC in December 2021.
Following an extensive grading process, CFA Society Sri Lanka is pleased to announce that teams from the University of Colombo, University of Kelaniya, and two teams from the University of Sri Jayawardenepura have qualified for the local finals, scheduled for the 25th of February 2022.
Each university team consisting of five students, will present their analysis and buy/sell/hold recommendations on Haycarb PLC to a panel of distinguished judges from the investment community. Their presentation is the culmination of months of research and an interview with company management as well as presentation training under the supervision of their faculty advisor and a dedicated industry mentor.
Ms. Samalka Athuraliya, CFA, Chair of the Research Challenge committee of CFA Society Sri Lanka said “The response from universities was immense this year, with 19 teams participating in the competition. The ultimate objective of the CFA Institute Research Challenge is to promote best practices in equity investment research, which includes financial analysis, ESG, and risk assessment and valuation, but also aims to inculcate in students other critical skills such as report writing and public speaking. I look forward to seeing the top four teams present at the final event and wish them all the very best!”
This year, the initial round of the CFA Institute Research Challenge hosted by CFA Society Sri Lanka was sponsored by the Society’s Platinum sponsor the Colombo Stock Exchange, Silver sponsors; Acuity, CAL, First Capital, NDB Capital Holdings, Senfin and Uzabase, Knowledge Partner; Acuity Knowledge Partners and event sponsor; Kaplan Schweser.
Samalka Athuraliya CFA Project Chair, Research Challenge 2022
About the CFA Institute Research Challenge
The CFA Institute Research Challenge gathers students, investment industry professionals, publicly traded companies, and corporate sponsors together locally, regionally, and globally for an annual competition. In order to promote best practices in equity research and company analysis, students research, analyze, and report on a company as if they are practicing analysts. Local CFA member societies and other affiliated groups host local level competitions of the Research Challenge in conjunction with the participating universities. The universities assemble teams of three to five business and finance students who work directly with a company in researching and preparing a company analysis. The team’s final presentations are locally evaluated by high-profile panels of heads of research, portfolio managers, and chief investment officers from the world’s top firms. The local champions advance to regional competitions for the Americas, Asia Pacific, and Europe, Middle East, and Africa (EMEA) and then to the Global Final, which will be held in New York City on April 22nd. Additional information on the Research Challenge is available on the CFA Institute website, www.cfainstitute.org/researchchallenge.
About CFA Society Sri Lanka
Founded in 2001, CFA Society Sri Lanka is a not-for-profit organization supporting the professional development and advancement of CFA charter holders and candidates in Sri Lanka. Our membership of over 240 members consists of CEOs, CFOs, portfolio managers, equity analysts, banking professionals, investment advisors, and other senior-ranking financial practitioners and over 500 candidates, mainly in the financial sector.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organisation is a champion of ethical behaviour in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 162,000 CFA charterholders worldwide in 163 countries and regions. CFA Institute has nine offices worldwide and there are 154 local member societies.
For more information, visit www.cfainstitute.org or follow us on Twitter at @CFAInstitute and on Facebook.com/CFAInstitute.
HitAd.lk is the best and biggest mobile phone market in Sri Lanka, and we guarantee you will find what you need here from our extensive listing of mobile phones for sale in Sri Lanka. Whether it’s a budget-priced smartphone for communication, or higher end features with advanced connectivity, there are many different options from which to choose from on our site!