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IIM Shillong represents India in Asia Pacific CFA Institute Research Challenge

posted Jul 27, 2011, 12:04 AM by Research Challenge India   [ updated Oct 6, 2011, 8:34 AM by Biharilal Deora CFA ]
Mumbai, Indian Institute of Management Shillong advanced to the Asia Pacific regional final of the 2011 CFA Institute Research Challenge, hosted by the CFA Institute, the global association of investment professionals. The university was one of six selected out of 16 teams from across Asia Pacific.

APAC Winners and India  Team

From around the world, more than 500 universities have participated this year in local competitions, culminating to the final of CFA Institute Research Challenge. They include more than 600 students from 142 universities from Asia Pacific.

The grand finale of Challenge will be held in Omaha, Nebraska, in the United States, where investment guru Warren Buffet will be the guest of honor at the event.

In the Asia Pacific challenge held in Indonesia last week, 16 student teams, the winners of local competitions in Japan, South Korea, Beijing, Shanghai, Hong Kong, Taiwan, Singapore, Malaysia, Thailand, Indonesia, the Philippines, India, Pakistan, Sri Lanka, Australia and New Zealand, took part. The event was sponsored by the Indonesia Stock Exchange, Bank Mandiri and Telkom Indonesia.

Six teams were selected to the Asia Pacific final, including:
  • National University of Science and Technology – Pakistan
  • University of the Philippines, Diliman – the Philippines
  • Thammasat University – Thailand
  • Indian Institute of Management, Shillong – India
  • University of Sri Jayawardenepura – Sri Lanka
  • Massey University – New Zealand

Dr Ashvin Vibhakar, managing director of Asia Pacific Operations, CFA Institute commented, “The mission of CFA Institute is to prepare future leaders in the investment profession. Through the CFA Institute Research Challenge, the future generation of investment professionals comes to know the rigor and high ethical standards required of investment management.”

“Business and finance schools from top universities across Asia Pacific have increasingly recognized the value and benefits of participating in the CFA Institute Research Challenge, with the number of teams growing dramatically from 29 in 2008 to 142 this year. It is worth noting that eight of the 16 Asia Pacific teams are from universities who are CFA Program Partners, which means the universities teach the CFA curriculum in specific academic programs,” he said.

In the CFA Institute Research Challenge, students evaluate a listed company for detailed analysis and are mentored by a CFA charterholder. At the final presentation stage, the teams present to and face questions from an international panel of judges comprising of leading finance professionals, who hold the students to real world professional standards in analysis and ethics.

Judging panelists in the Asia Pacific final included: Poltak Hotradero from the Indonesian Stock Exchange; Keisuke Ito, CFA, from Japan; Aaron Low, CFA, from Singapore; Jane Shao, CFA, from China and Peter Wilmshurst, CFA, from Australia. They commented that the quality of presentations was outstanding, and all finalist teams performed extremely well.
APAC Finalists - 2010-11

Media Contact Betty Wong
CFA Institute, Asia Pacific
Tel: +852 3103 9366 / +852 6110 0732
Email: Terry Lee
CFA Institute, Asia Pacific
Tel: +852 3103 9383 / +852 9179 1919

About CFA Institute
CFA Institute is the global association for investment professionals. It administers the CFA® (Chartered Financial Analyst®) and CIPM (Certificate in Investment Performance Measurement) 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. CFA Institute has more than 100,000 members, who include the world’s 90,000 CFA charterholders, in 135 countries and territories, as well as 135 member societies in 58 countries and territories.

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About CFA Institute Research Challenge
CFA Institute, the global association for the investment profession, and its member societies hosted the CFA Institute Research Challenge to provide university students with an unparalleled experience of working with investment industry professionals and publicly traded companies to produce an equity research report, as well as to promote the best practices in research among the next generation of analysts. All participants are introduced and held to the CFA Institute Code of Ethics and Standards of Professional Conduct.

In 2010, there were more than 2,000 students from more than 425 universities worldwide participating in local rounds around the world. Universities from the Asia Pacific region have been global winners for the past three years, with the Philippines taking the crown in 2010, Singapore in 2009, and Hong Kong in 2008.

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