Investment Finance Team Advances to Philadelphia Finals

Monday, February 21, 2011

PHILADELPHIA (Feb. 21, 2011) - A group of five undergraduate students, who make up the Saint Joseph's University Investment Finance team, will compete in the Philadelphia-area Chartered Financial Analyst (CFA) Global Investment Research Challenge local finals on Feb. 24 at the Union League of Philadelphia.

To get to the local final, seniors William Huzar, Kartik Reddy, Reka Foldhazi, Erich Yost and James A. McCue, began preparing in late October by meeting with their public trading company, Urban Outfitters, their CFA-assigned professional research analyst, and faculty advisor, Ahmet Tezel, Ph.D., associate professor of finance, to compose an initiation of coverage report, which was submitted to a panel of judges.

The team was named one of four finalists along with graduate and undergraduate teams from Drexel University, the University of Scranton, and Villanova University after their report received high marks from the judges. Their score helped them defeat a graduate team, last year’s champion, in the first round. 

“Beating the University of Pennsylvania in the first round is a big accomplishment since they won last year. It’s a good feeling but we still have a big challenge ahead of us,” says Huzar. “Being in the final is a big deal for the Haub School of Business. I didn’t fully comprehend the magnitude of our success until we started getting congratulation e-mails from professors.”

“It is a great accomplishment. CFA is practice for real life.  Real analysts would make thousands upon millions of dollars writing these kinds of reports,” says Tezel. “They beat undergraduate and graduate students from some of the best local business schools.  They deserve all the credit.”

This is not the first time that Saint Joseph’s University has sent teams to the finals, both locally and regionally.

“Having qualified for the finals the past two years and again this year shows that all students can show off their knowledge in the investments field,” says Reddy. “This opportunity is a testament to the hard work we put into our course work, and more importantly to the professors who have taught us over the past four years.”

At the finals, the team will be asked to present their report on Urban Outfitters for 10 minutes, and then face questions from CFA’s industry panel. A winner will be chosen from the four teams and invited to attend the regional competition.  

The CFA Institute Global Investment Research Challenge presents students from the worlds best business schools with an opportunity to learn from leading industry experts about best practices in equity research through applied training in the areas of company analysis and presentation skills.

Contact Information

Carolyn Steigleman ’10 (M.A.), Director of Haub School of Business Communications, csteigle@sju.edu, 610-660-1355



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