Brandeis IBS Dean Bruce Magid posed a daunting challenge to the final four teams that competed, likening the event to the baseball playoffs.
“You’re already in the winner’s circle,” he said. “But now, the question is whether your next hit is fair or foul.”
The 11 individual finalists stepped up to the plate, competing to pitch their stocks in front of a noteworthy panel of executives from Wellington Management, BNP Paribas and Maple Tree Capital.
The pitched companies at this year’s event included Ralph Lauren, Orange Telecom, Boston Properties Inc., and Verizon.
Jorge Arce MBA ’14 and Wensi Fang BA/MA ’14, the co-presidents of GMIC, moderated the panel.
GMIC Students split into 12 teams at the beginning of the fall, engaging in extensive research on their respective companies. A first-round panel of faculty judges then advanced four teams to the finals, each of which had been tasked with preparing a 10-minute presentation that advocated for investment in their company’s stock. The finalists then fielded questions from the best in the business, responding on topics that ranged from cash flow potential to profit margin growth.
Deborah Shufrin ’93, Brandeis’ Investments Director, and Michael McKay, professor of private investments and equity at Brandeis IBS, returned to serve on the panel for their third straight year.
Cameron Fen ’15 and Ku Jung ’14, the two undergraduate competitors, earned first place in the event, presenting a compelling account of Orange Telecom’s potential growth in the European mobile industry.
Fen credited his team’s consistent determination and ambition as primary factors in their success.
“We were honored,” he said. “We put in a lot of work and the judges pushed us to our limits but it all paid off and we are so happy to be here.”
GMIC is a student organization that has been nationally recognized for the success of its diverse range of portfolios, managing approximately $85,000 in a mission to “develop investment knowledge and skill.” In addition to the Stock Pitch Challenge, GMIC plans networking nights, mock interviews and portfolio presentations with its expansive corporate base of alumni.
The group also holds weekly meetings to discuss market news, past and present investments, as well as asset allocation strategy.
Dean Magid noted in his opening remarks that, while the contestants turned in countless hours in the Bloomberg Lab, their efforts and persistence were duly noted.
“Students were not quite burning the midnight oil in the Bloomberg Lab, but close to it,” he said. “Because of students like these, the Stock Pitch Challenge has become one of our greatest traditions.”
Many GMIC students participate in Brandeis IBS' Asset Management specialization. You may ask yourself, "Why should I specialize in asset management?" Learn more about the specialization here.