What is the NYSSA Investment Research Challenge

1
What is the NYSSA Investment Research Challenge?

• Supervised by the New York Society of Security
  Analysts
• It is an inter-university competition
• Involves a team of 3-5 students from each
  participating university
• The team performs original fundamental research
  on a designated company
• The team writes an initiating coverage
  investment research report.
• Each team is coached by a faculty advisor and a
  seasoned investment professional.

2
New York Area Participating Schools

• Zicklin School of Business, Baruch College of
  CUNY
• Columbia Business School, Columbia University
• Charles F. Dolan School of Business, Fairfield
  University
• Graduate School of Business Administration,
  Fordham University
• Frank G. Zarb School of Business, Hofstra
  University
• The Hagan School of Business, Iona College
• Stern School of Business, New York University
• Lubin School of Business, Pace University
• Rutgers Business School, Rutgers University
• Stillman School of Business, Seton Hall
  University
• The Peter J. Tobin College of Business, St.
  Johns University
• College of Business, Stony Brook University
• Yale University
• Christos M. Cotsakos College of Business, William
  Patterson University

3
2007-2008 Winning Team

• Rutgers Business School, Rutgers University

4
CFA Institute Global Investment Research
Challenge

• The winner of the New York Area Competition has
  the opportunity to compete in the Global
  Investment Research Challenge sponsored by the
  CFA Institute.
• The schools participating in the 2007-2008 Global
  Competition are displayed at the following URL
• http//www.cfainstitute.org/society/challenge/part
  icipants.html

5
Participant Eligibility Rules

• Students may not have been or currently be
  employed in a role whose primary duty involves
  fundamental company analysis with the exception
  of students who have been interning in that
  function for six months or less.
• Students must be enrolled in the current term at
  the school they represent.
• CFA charter holders are not eligible to
  participate.
• Teams may consist of 3-5 members, and may include
  graduate and/or undergraduate students.

6
How well has Fordham done?

• Pace 2002-2003 Galaxy Foods
• NYU 2003-2004 Emisphere Technologies
• Fordham 2004-2005 Syms
• Seton Hall 2005-2006 Aqua America
• Seton Hall 2006-2007 Tasty Baking
• Rutgers 2007-2008 W. P. Carey
• Fordham finished in the top four.

7
2004-2005 Winning Team

• Fordham University

8
Faculty advisor rules

• Total faculty advisor involvement must not exceed
  10 hours prior to the panel presentation. This
  includes no more than 2 hours total in assisting
  students with primary research.
• Faculty advisors will be allowed to review
  students written work and provide comments only.
  Advisors will not be allowed to perform any
  research or write any portion of the report.
• Faculty advisors may not contact the subject
  company, or any of its affiliates, distributors,
  suppliers or competitors within the context of
  the Challenge.

9
What is the role of the team mentor?

• Source of industry specific perspective.
• Provides guidance for the teams company
  specific, original research.
• Critiques the teams findings and analysis

10
Team mentor rules

• Student contact will be limited to a maximum of 3
  face-to-face meetings with their mentors, not to
  exceed 6 hours total, prior to submitting the
  written report. Any additional contact (i.e.
  e-mail or phone) will be at the mentors
  discretion.
• Mentors will be allowed to review students
  written work and provide comments only. Mentors
  will not be allowed to perform any research or
  write any portion of the report.
• Mentors may not contact the subject company, or
  any of its affiliates, distributors, suppliers or
  competitors within the context of the Challenge.