A team of business students has earned a "Final Four" spot in the CFA Institute Research Challenge. The team consists of three MBA students: Anthony Pescetto, Jonathan Glincman and Katie McCarthy; and two undergraduates: John Gallagher, a finance major, and Mark Moskwa, an economics major. They will compete against university teams from Binghamton, Fordham and Marist on Friday, March 10, when all four teams will present their research to Wall Street experts.
"Our team has been putting a lot of work into the CFA Challenge, as we have been meeting at least twice a week since the end of October, for at least eight hours per week, including extended Saturday sessions," said Jonathan Glincman.
Making excellent use of the Stillman School's state-of-the-art Trading Room, the team has researched and analyzed Dominion Resources, a utility company headquartered in Virginia - making a "buy," "sell" or "hold" recommendation. The team confidently went into the first round of presentations in February, and they continue to feel well prepared heading into the Final Four.
The team advisors are Professor Anthony Loviscek, chair of the Department of Finance, and David Dineen, portfolio manager at Granahan Investment Management, Inc. Both have stressed that the argument presented must be clear, compelling and concise. With this in mind, Anthony Pescetto, the team captain, has put a lot of work into ensuring that the presentation has a unified voice.
"It has been a great educational experience, and I feel honored to be the team captain of such bright and dedicated fellow students. I have learned a lot from them, especially in the areas of financial statement analysis and stock valuation methods," said Pescetto.
Glincman added, "The project allows us to compete with some of the most reputable institutions in the New York regional area, and gives Seton Hall the stage to showcase our own knowledge on the subject matter."
A Seton Hall team has made the "Final Four" an impressive 11 times in the past 15 years and even took top honors in 2006 and 2007.
The first Research Challenge competition was hosted by the New York Society of Security Analysts in 2002 and involved only five teams from the New York area. Since then, the competition has grown to involve tens of thousands of students from over 900 universities in more than 75 countries.
The winners from each regional competition (the Americas, Asia Pacific, Europe, Middle East and Africa regions) advance to the Global Final, where one team emerges as the global champion of the CFA Institute Research Challenge.
The CFA Institute has more than 120,000 members and is responsible for the administration of the Chartered Financial Analyst credential.