Science and Business student Daniel Zhang part of Waterloo team that won international finance competition

Tuesday, April 19, 2016

University of Waterloo team celebrate CFA Institute Research Challenge

Waterloo celebrates 2016 Global CFA Institute Research Challenge win. Team members (left to right): Adnan Khan, Brent Small, Rudder Zhang, Daniel Zhang and Kamaljot Dhaliwal.

Impressing industry judges, the University of Waterloo captured the Global 2016 CFA Institute Research Challenge. This victory marks the first Canadian team to win this prestigious international title.

Waterloo student team members include: Science and Business student Daniel Zhang (Biotech/CPA), Kamaljot Dhaliwal (CFM), Adnan Khan (AFM), Brent Small (AFM) and Rudder Zhang (BMath).

The student team spent hours preparing to present and defend detailed equities research report on a publicly traded company to a panel of industry experts.

The team advanced through several rounds to reach the Global Finals in Chicago, where they beat out University of Georgia, Ateneo de Manila University and Politecnico di Milano to capture the championship and a $10,000 prize.

CFA Society Toronto is pleased to congratulate the University of Waterloo on winning the Global level of the 2016 CFA Institute Research Challenge. We are extremely proud of the students from University of Waterloo. This is the first time a Canadian team has won the Global competition," applauds Sue Lemon, Chief Executive Officer, CFA Society Toronto. 

The annual financial analysis competition draws more than 4,000 students worldwide from more than 865 universities in 70 countries.

The competition, which spans one academic year, requires student teams to analyze a publicly traded company, submit a written report and present their buy, sell, or hold recommendation of the company’s stock.

The assigned company for the Waterloo team was Canadian Tire Corporation, a public corporation who also owns the Mark's, FGL Sports, Canadian Tire Financial Services and CT REIT.

The team's faculty mentor Lecturer Craig Geoffrey and industry mentor, Steve Balaban (CIO of Mink Capital) prepared the students well. The team’s depth of analysis, knowledge in their research and their insightful valuation surpassed their competitors in a number of areas.

From a teaching perspective it is inspiring to see students pour such passion into their work. The lessons learned from the experience, regardless of the outcome, will set them apart on their career paths,” says Geoffrey.

Relive the excitement of the competition here: CFA Global Live - watch Waterloo's presentation at 1:03:10 and see the winning moment at 2:32:47.

Read more on our students' success here:

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