Wazzup Pilipinas!
Team Ra, composed of students from the Ateneo de Manila University won the 8th CFA Institute Research Challenge (IRC) Local Finals held last February 23, 2016 at the PSE Auditorium in Ortigas, Pasig City, besting six other universities that joined this year’s challenge.
The Ateneo de Manila team, composed of Abelardo Hernandez, Giovanni Carlo Ong, II, Rafael Francisco Suarez, Agnes Melissa Gabrielle Tan and John Victor Te won a cash prize of Php100,000. The team will also represent the Philippines in the Asia-Pacific regional finals, to be held in Chicago, Illinois, USA on April 13 this year. If destiny is on their side, they also get to compete in the global finals which will be held in the same venue the very next day April 14.
The four finalist teams from top universities in the country presented their findings about this year’s subject company, SM Prime Holdings Inc., to the five judges namely: Valens Securities Chief Investment Strategist, Joel Litman; Fund Managers’ Association of the Philippines Founding President, Mr. Marvin Fausto; JP Morgan Head of Research, Jeanette Yutan; Bloomberry Resorts Corp. Director-Investor Relation, Leo Venezuela; and COL Financial Group Inc. Investment Analyst, Richard Laneda, CFA.
Ms. April Tan, CFA, CFA Philippines President, shares, “CFA Philippines congratulates the grand winner of this year’s local IRC and wish them the best in the regionals. We are very proud of the work of the students. Although it may seem ambitious, we are hopeful that the Philippine team will once again win the regional and the global championship this year.”