Global Investment Research Challenge in
Southern California
Academic Year 2010-2011
About the CFA Institute
CFA Institute (CFAI) is the global, not-for-profit association of
investment professionals that awards the CFA and CIPM
designations. Serving over 100,000 members worldwide,
CFAI promotes the highest ethical standards and offers a
range of educational opportunities online and around the
world.
With its member societies, CFAI offers a range of educational
programs and services for its members, program candidates,
investors, employers, institutions, and the press.
CFALA, CFAOC and the GIRC Partnership
CFA Society of Los Angeles (CFALA)- Established in 1931, the CFA Society of Los
Angeles is a network of investment management professionals in the greater Los Angeles area
serving nearly 2,000 members. The mission of the Society is to provide access to information,
expertise and personal interaction to further members' professional development and to promote the
value of the profession and the CFA designation. www.cfala.org
CFA Society of Orange County (CFAOC)-
Established in 1983, the CFA Society of
Orange County is the premier association for financial analysts and investment professionals in
Orange County serving over 400 members. The mission of the society is to provide a forum for
investment professionals to build strong and valuable networks, expand industry knowledge, and
promote the highest standards of ethical and professional conduct. www.cfaoc.org
GIRC Partnership- CFA Institute member societies of Los Angeles and Orange County have
partnered to present the Global Investment Research Challenge in Southern California, offering the
winning team the opportunity to represent Southern California in the Americas regional Global
Investment Research Challenge scheduled for April 7, 2011 in Omaha, NE.
Global Investment Research Challenge
Purpose:
Teach best and ethical practices in equity research through a real-world experience to the next
generation of investment professionals.
Challenge Components:
The Global Investment Research Challenge is composed of university teams of three to five students
who are mentored by industry professionals in writing an equity research report on a publicly traded
company.
•Analysis of a Public Company
o Teams research a publicly traded company. Company management presents to the
teams and participates in a Q&A session.
•Mentoring by a Professional Research Analyst
o Each team works with a CFA charterholder who mentors the team during the research
process and reviews and critiques its report.
•Writing a Research Report
o Each team produces an Initiation of Coverage report on its chosen company. The report
is reviewed and scored by a group of judges.
•Presentation of Research to a High-Profile Panel of Experts
o Teams present their research to a panel of experts from top financial institutions. The
team with the highest combined report and presentation score is the winner
•Advancement to the CFA Institute Global Challenge
o The winners of local competitions advance to compete against teams within their
geographic region, culminating in a global finale competition.
Global IRC Network
2010
2011 (projected)
Americas + New York:
•
30 Challenges
•
200 Universities
Americas + New York:
•
45 Challenges
•
250 Universities
Asia Pacific:
•
16 Challenges
•
140 Universities
Asia Pacific:
•
16 Challenges
•
140 Universities
EMEA:
•
14 Challenges
•
90 Universities
EMEA:
•
20 Challenges
•
100 Universities
Global IRC in Southern CaliforniaParticipants
1.
2.
3.
4.
5.
Meixi Chen
Ada Del Rosso
Amir Ganaba
Richard Graham
Alyson Laux
1.
2.
3.
4.
5.
1.
2.
3.
4.
5.
1.
2.
3.
4.
5.
Emma Ji
Jared Oren
Robert Arvizu
Kaustubh Kulkarni
Kshitij Agrawal
Jeff Grampp
Al Lopez
Sherilyn Bogatz
Mason Waite
Dan Chudleigh
Tiffany Ketterer
Giang Tran
Mirjam Weber
Peter Gunther
Jacky Lee
1.
2.
3.
4.
5.
Austin Hall
James Stamatelos
Jesse Sotelo
Neil Mandalia
Michael Hill
2011 Tournament Diagram
Global IRC Finals
16 Teams
16 Teams
14 Teams
29 Teams
New York
Regional
Asia Pacific
Regional
EMEA
Regional
Americas
Regional
Global IRC in Southern California Winner
2011 Timeline
Southern California Final
25 February 2011, Orange County, CA
Americas Regional Final
7 April 2011, Omaha, NE
5th Annual Global Challenge Finals
8 April 2011, Omaha, NE
2011 Research Target
Western Digital Corporation
(NYSE: WDC)
20511 Lake Forest Drive
Lake Forest, CA 92630-7741
Questions
CFAOC
GIRC Committee Members
CFALA
GIRC Committee Members
Deirdre Perez, CFA
310.902.8798
Larry Harris, Ph.D., CFA
lharris@usc.edu
Todd Richey, CFA
714.330.4772
George Dennis
georgedennis@cfala.org
Dave Hutchison, CFA
949.553.0313
Jeff Shekell
773.934.4511
Scott Thomson
949.355.4605
Contact:
admin@cfaoc.org
Contact:
info@cfala.org