UP Diliman wins CFA’s global ‘investment olympics’


THE University of the Philippines (UP) Diliman was declared champion of the Chartered Financial Analyst (CFA) Institute Research Challenge Global Final, its second win since the competition began in 2007.

The state university last won the Global Final—considered ‘the investment olympics’ for university students—in 2010.

In 2013-2014, more than 3,700 students from over 800 universities around the world participated in the Research Challenge.

April Lynn Tan, president of CFA Society Philippines, said the UP Diliman team beat out strong competition from the other finalists, Politecnico di Milano of Italy (representing Europe, Middle East, and Africa) and the University of Missouri, Kansas City (representing the Americas).

She said the victory in Singapore recognized the world-class talent of future finance professionals in the Philippines and the Asia-Pacific region.

“The UP Diliman team has proven again to be solid representatives of the future of our industry. The team’s victory is an impressive feat as over 800 universities worldwide vied to make it to the finals and brings great honor to our country,” said Tan during the media luncheon at Edsa Shangri-La Hotel.

The UP team is composed of Geoffrey Archangel Bautista, Diego Mikhail de
Ocampo, Nigel Williamson Lee, Corrine Francesca Reyes, and Miguel Alfonso Solidum.

The UP team presented a buy recommendation on Manila Electric Company (Meralco) and defended their recommendation before an international panel of judges.

Raymund Abara, CFA, of Vicsal Investment Inc. served as mentor, while Professor Daniel Vincent Borja served as faculty advisor.

“These aspiring financial professionals are the agents of the next era of finance—one of integrity, stewardship, and professional excellence. Through their strong leadership, knowledge, and ethics, we can move closer toward a more trustworthy finance industry,” Tan said.

For his part, Borja said they are “very honored to share this achievement with the Philippine finance community.”

“Our rigorous preparation every step of the way has helped us learn what it takes to excel in the finance profession. Financial skills are important, but so too is adherence to the highest ethical standards,” he added.

Commenting on nurturing financial professionals, Hans Sicat, president and chief executive officer of the Philippine Stock Exchange (PSE), said “the PSE is committed to providing continuing     education to market participants and investors.”

“As such, it commends the CFA Institute for its efforts in supporting the development of the next generation of financial professionals through the Research Challenge,” he added.

He said the future of investment research looks even better when students are exposed to the excellence and ethical standards observed by CFA charterholders, and the team from the UP Diliman is to be congratulated for being the best in the field.

CFA Institute, the global association of investment professionals, and its over 140 member societies worldwide including CFA Society Philippines, host local and regional Research Challenge competitions leading up to the Global Final, where the winning teams from the three regional finals compete.

The Research Challenge offers students the unique opportunity to learn applicable professional skills from leading industry experts and gain real-world experience as they assume the role of a research analyst.

The CFA Institute Research Challenge is an annual educational initiative that promotes best practices in equity research through hands-on mentoring and intensive training in company analysis and presentation skills.


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