College of Management graduate students won second place in the Alpha Boston Equity Pitch Challenge, hosted by Brandeis University on November 3. Four teams were chosen as finalists and after presenting their research report on McCormick & Co (NYSE MKC), UMass Boston's College of Management team placed second in the competition.
Team leader Parashuram Venkatraman said, "The competition was judged by a panel of distinguished finance industry professionals and proved to be an invaluable experience for our UMass Boston team. Our team was guided by Professor James Grant, who provided crucial help at critical moments during the course of the challenge. Bloomberg certification and the newly expanded trading room provided the tools required to perform thorough fundamental analysis to be able to effectively compete in the multi-school ALPFA Equity Pitch Challenge. The experience of managing real investments proved to be the edge required to compete effectively and be in the winner circle.”
Venkatraman, and team members Xin Jiang and Junjie Gong are all graduate students studying at UMass Boston's College of Management. All team members were members of the Graduate Student Managed Fund (GSMF). The fund provides opportunities to manage real investments in the stock market using the fund's capital. As members of the GSMF, all members are Bloomberg certified and used the new College of Management trading room for the much lauded fundamental analysis. As a result of the dean's initiative to enhance students' experience, the College of Management opened its doors to the new trading room, featuring 12 Bloomberg terminals, in September 2012. (View photos of the CM Trading Room)
“As faculty advisor for the UMass Boston team, I am very pleased with the team’s runner-up showing in the equity research challenge at Brandeis University. This is a wonderful accomplishment for our graduate students who participated in the equity research challenge as they aspire to become financial and equity analysts here in Boston and elsewhere. This accomplishment also sheds favorable light on our graduate degree programs at UMass Boston, including the MBA, MSF, and MSA programs,” said faculty advisor James L. Grant, associate professor of accounting and finance.
The team’s report on McCormick & Co (NYSE MKC) can be found here.