Canisius CFA Team Competes in Semi Finals
BUFFALO, NY ― For the second time in three years, a team of Canisius College finance students advanced to the semi finals of the Americas Regional Finals of the Chartered Financial Analyst (CFA) Institute Research Challenge.
CFA Institute Research Challenge is a competition between university-sponsored teams that research a designated publicly-traded company, prepare a written report on that select company and then present their findings to a panel of judges. The competition tests the analytic, valuation, reporting writing and presentation skills of university students.
The competition started with approximately 400 university teams from North and South America. The Canisius team won first place for the third consecutive year at the Western New York CFA competition, which was hosted by the college. The Canisius team then competed in Toronto, Ontario, with 47 winning teams from regional universities, and advanced to the final 16 semi-finals.
“This is a great accomplishment for our students,” says Richard A. Wall, PhD, professor of economics and finance and interim vice president for academic affairs. “It is a testament to their ability to apply their knowledge, work as a collaborative research team, and successfully compete with the top schools in North and South America.”
The Canisius team is comprised of students from the college’s Golden Griffin Fund (GGF), the college’s first real-money, equity investment fund managed by undergraduate and graduate finance majors. Students develop analytical financial skills during the two-semester finance course taught in the college’s Financial Markets Lab. “Our team’s standing in this competition placed the Canisius Golden Griffin Fund and finance program alongside the top tier of finance programs in North and South America,” adds Wall.
The Canisius College team includes: Drew Pettit ’13 (team captain), Brandon Carnovale ’14, Drew Jaskowiak ’13, Don Monroe ’13 and Micah Puscheck ’13. Wall serves as the faculty advisor to the Canisius team. Jeffrey Viksjo ’06, CFA, senior financial analyst at First Niagara Financial Group, is the team’s industry mentor.
The Chartered Financial Analyst Institute is a global association for investment professionals. It administers the CFA and Certificate in Investment Performance Measurement (CIPM) curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. The institute has more than 100,000 members, including the world’s 90,000 CFA charter-holders, as well as 135 affiliated professional societies in 58 countries and territories.
One of 28 Jesuit universities in the nation, Canisius is the premier private university in Western New York.