On Friday, February 22, the Laurence and Lori Fink Center for Finance & Investments at UCLA Anderson held its second annual Fink Center AIA Stock Pitch Competition. The competition brought together 12 teams from the top MBA programs across the country, including:
- UCLA Anderson School of Business
- Chicago Booth School of Business
- Columbia Business School
- UVA Darden School of Business
- Duke University Fuqua School of Business
- UC Haas School of Business
- Indiana University Kelly School of Business
- Richard Ivey School of Business
- Michigan Ross School of Business
- MIT Sloan School of Management
- University of Rochester Simon Graduate School of Business
- USC Marshall School of Business.
The full-day competition was split into two rounds. During the morning round teams competed simultaneously in 4 rooms and pitched a long or short stock that they chose from a list of 20. Each team presented and answered questions for 45 minutes in front of two judges who had recommended the 20 stocks. Judges came from top finance firms including:
- PIMCO
- TCW
- DoubleLine
- HighMark Capital
- UCLA Investment Company
- Research Affiliates
- MAZE Investments
- Anderson
The best team from each of the four morning rooms proceeded to the finals.
But first, as judges deliberated during lunch, students enjoyed a keynote speech by Joel Fried ('86), President and Director of PRIMECAP Management Company. Fried spoke about his start in investment management and his luck in being paid to do what he loved to do. He spoke about market crises and the emotional ups and downs that come with working in the business. He shared his wisdom in succeeding in the industry and picking the best stocks, and answered questions, providing an example of a stock—an LED light manufacturer—and an industry sector—pharmaceuticals—that he likes right now.
The final four teams (UCLA, Ivey, Columbia and Haas) presenting their buy or sell recommendation on Tesla in front of five industry judges and a 50-person audience. Teams presented their analyses on the company and submitted to questioning by the judges. Each team did an excellent job, but the final award recipients were:
1st Place: UCLA Anderson – Team GreenRock - $5,000
2nd Place: Richard Ivey School of Business – Team IV Associates - $3,000
3rd Place: Columbia – Team Number Crunchers - $2,000
The event concluded with a reception at which the Fink Center presented the prizes.
Comments