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Saint Mary's University IMPACT Team Places Third in the Americas

Saint Mary's University IMPACT Team Places Third in the Americas

Saint Mary's University PR
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March 25, 2010

A quintet of finance students from the Sobey School of Business is celebrating this week after placing third in the Americas in at New York investment competition.

The IMPACT team beat out 23 other teams from across U.S., Canada, and Latin America to qualify as one of five finalists at the CFA Institute Americas Regional Investment Research Challenge. They placed third in the final round.

"For a small school like ours to beat out all the Ivy League schools and every other Canadian university is quite an accomplishment, " said Ross Hallett, an academic director supporting the team. " It shows quite clearly that our students measure up quite favourably."

In the competition students study a public company intently and then present a panel of senior investment professionals with an analysis that will feature a buy/sell/hold recommendation.

The Halifax students studied Stantec, an engineering consulting and design firm service with 9,300 employees in 150 offices across North America. The company's investor relations staff was in the audience when the presentation was made and lauded the students' performance at the conclusion of the event.

The event is designed to promote best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills. This year, more than 75 CFA Institute member societies hosted local competitions with more than 1,500 students from more than 425 universities worldwide participating.

David Wicks, Dean of the Sobey School of Business, said it is the second year the IMPACT  team has made it to the top of the pack. Last year it  finished sixth, just missing the finals.

The competition was held March 17-18, 2010.  The team members are Paul Kratz, Kyle Westhaver, Joel Snow, Andrew Walker and Sophie Cheong.

CFA Institute is the global, non-profit professional association that administers the Chartered Financial Analyst curriculum and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. 

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