Canadian team wins global CFA challenge

A team from University of Waterloo’s School of Accounting and Finance became the first-ever Canadian champions of CFA’s annual, global research challenge.

By Staff | April 18, 2016 | Last updated on April 18, 2016

1 min read

Last week, CFA Society Toronto named a team from University of Waterloo’s School of Accounting and Finance as the global champions of its 2016 CFA Institute Research Challenge. The winners competed against 106 teams.

CFA’s research challenge is an annual competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research a publicly traded company, and each team writes a research report on its assigned company with a buy, sell or hold recommendation. Teams that progress to local, regional and global finals must defend their analysis to a panel of industry professionals.

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The winning team, which analyzed Canadian Tire Corporation, included:

Student members Kam Dhaliwal, Adnan Khan, Brent Small, Daniel Zhang and Rudder Zhang from University of Waterloo’s School of Accounting and Finance; and
CFA Society Toronto mentors Steve Balaban, CIO of Mink Capital, and Craig Geoffrey, a lecturer at University of Waterloo.

University of Waterloo is the second Canadian team to win the Americas Regionals level of the challenge, and the first Canadian team to place as global champions.

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