About Saint Mary's

Saint Mary's Students Win Atlantic CFA Competition

15 March, 2017

Sobey School of Business’ IMPACT Fund Managers Mitchell Norrie, Jorge Gonzalez, Mengqing Chen & Alex Fowler, winners of the Atlantic CFA Competition.


Congratulations to Sobey School of Business’ IMPACT Fund Managers Alex Fowler, Mengqing Chen, Jorge Gonzalez and Mitchell Norrie for winning the Atlantic Chartered Financial Analyst (CFA) Competition this past weekend.

The CFA Institute Research Challenge is an annual global competition where university students work in teams to analyze and value a publicly traded company. Each team writes a research report on their assigned company with a buy, sell, or hold recommendation and is then asked to present and defend their analysis to a panel of industry professionals.

“We’re happy to see all our hard work has paid off after all the hours we’ve put into the competition since we started back in October,” said IMPACT Fund Manager Alex Fowler. “I feel confident in saying this is the most time any of us have committed to a single project and we certainly couldn’t have done it alone. We’d particularly like to thank our advisors for the competition, Ross Hallett and Mike Mills.”

The team represented Saint Mary’s University at the Atlantic Canada Local Level Competition. Cumulatively, the team put in over 500 hours of work to prepare their report and presentation. With this victory, the team will be advancing to the Americas Regional Competition in Seattle, Washington at the start of April, where they will compete against universities from across North and South America.

There are nearly 100 local level challenges across the world. The winner of each local competition advances to one of three regional competitions, with the winner of each regional event going to the global final.

The performance of the IMPACT Team in the Local CFA Challenge (i.e. Atlantic Region) has been consistently outstanding, as evidenced by their unprecedented streak of three wins.

 The IMPACT Program is unique credit program where students gain firsthand experience in finance, wealth management and portfolio management. Students on the IMPACT team are responsible for managing close to $500,000 in financial investments (mostly equity). They are in charge of portfolio rebalancing, asset allocation, security selection and stock valuation. In addition, the IMPACT program offers unique networking opportunities (a series of high caliber guest speakers from the industry, national and international competitions) and for community engagement and volunteering (e.g. Finance-Focused Career Fair & High School Trading Competition).