Top Universities to Compete in the CFA Institute Research Challenge Sri Lanka 2023/24
View(s):CFA Society Sri Lanka is pleased to announce that teams from the University of Colombo, the University of Sri Jayawardenepura, and two teams from the University of Kelaniya have qualified for the local finals, following an extensive grading process. The finals are scheduled for 27th February 2024 at the Colombo Stock Exchange
Each university team consisting of five students, will present their analysis and buy/sell/hold recommendations on the subject company, hSenid Business Solutions PLC, to a panel of distinguished judges from the investment community. Their presentation is the culmination of months of research, rigorous training, interviews with the company management, and preparation, under the supervision of their faculty advisor and a dedicated industry mentor.
Aruna Perera, CFA, President, CFA Society Sri Lanka
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. This year, the CFA Institute Global Research Challenge competition will be held on 13 May 2024 in Warsaw, Poland.
Aruna Perera, CFA, President of CFA Society Sri Lanka said that this time witnessed the highest number of teams participating 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 represented both public and private universities – University of Colombo, University of Jaffna, University of Kelaniya, University of Moratuwa, University of Peradeniya, University of Sri Jayewardenepura, University of Wayamba, Sabaragamuwa University of Sri Lanka, NSBM Green University and Royal Institute of Colombo.
Eneeshya Perera, CFA, Chairperson of the Research Challenge committee of CFA Society Sri Lanka expressed how pleased she is with the enthusiastic response from universities participating in the CFA Institute Research Challenge Sri Lanka 2023/24, and highlighted that this initiative not only promotes excellence in equity investment research but also equips students with essential skills and training on aspects such as financial analysis, environmental, social and governance (ESG) considerations, and effective communication. She looks forward to the presentations from the top four teams at the final event and extends her best wishes to all participants.
This year, the CFA Institute Research Challenge hosted by CFA Society Sri Lanka is sponsored by the Colombo Stock Exchange, as a Platinum sponsor reaffirming their dedication to empowering the next generation of analysts and investors.
Eneeshya Perera, CFA Chairperson, Research Challenge Committee CFA Society Sri Lanka
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, 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 275 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 organization 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/CFA Institute.
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