Students from the Cayman Islands recently joined more than 15,000 students worldwide in the 2017 CFA Research Challenge.

The CFA Institute is a global association of investment professionals, which assigns the Chartered Financial Analyst designation to graduates of its investment analysis and management program. The annual CFA Research Challenge provides university students with hands-on mentoring and intensive training in financial analysis.

International College of the Cayman Islands students Jason Wong, Felicia Bodden, Anuradha Srinivasan, Cashema Rankine and Sharmori Richardson and University College of the Cayman Islands students Steve Gray, Jesel Turner, Mia Miller and Brooks Berry traveled to Miami this month to compete in the Atlantic Islands local level of the CFA’s investment research competition for a chance to advance to the Americas regional final.

The UCCI and ICCI students competed against teams from the University of the Bahamas, the University of the West Indies, Mona and the University of Technology from Jamaica, and the University of the West Indies, Cave Hill, Barbados.

Each university team consisted of three-to-five students who presented their analysis as well as buy, sell or hold recommendations on Fitbit, the manufacturer of wireless-enabled and wearable fitness devices, to a panel of judges.

The presentation at the regional challenge was the culmination of months of research, interviews with company management and competitors and presentation training.

Craig Walker and Kadeshah Swearing, the faculty advisers from ICCI and UCCI, and industry mentors Richard Maparura of EFG Bank Cayman and Tom Rose-Innes of KPMG Cayman worked with the students throughout the challenge and prepared them for the competition.

In a press release, they said the students “were focused and determined and spent many nights, weekends and public holidays researching, resulting in an exemplary presentation.”

CFA Society Cayman Islands President Michael Garofalo said, “On behalf of the CFA Society Cayman Islands, I congratulate the students for coming forward and taking on this challenge. I believe the experience gained will last them a lifetime.”

Support local journalism. Subscribe to the all-access pass for the Cayman Compass.

Subscribe now