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Published: 2024-03-26

Swedish CFA Research Challenge

Master students from Umeå School of Business, Economics and Statistics (USBE) presented their valuation case at the Swedish CFA Research Challenge final in Stockholm in late February. This is the first time students from USBE joined the competition, which is organized by the association Chartered Financial Analysts (CFA) Sweden. The first stage of the competition was to analyze a listed Swedish company (Evolution) and write a rigorous investment report under the supervision of a faculty advisor and an industry mentor. Only teams ranked top five based on the graded written report were invited to come and present in the final, held at Handelsbanken HQ.

Although the team from USBE did not win this year, the intention is to annually have at least one team from USBE partaking in the competition. The students representing USBE were Victor Anjou, Albin Eriksson, Max Kaing, Agust Vannebäck and Alexander Westman. The faulty advisor from USBE was Peter Frii, and the industry mentor was Andreas Brink, a managing partner at Ave Partners.

– I gained valuable knowledge from partaking in the competition and from our industry mentor and faculty advisor. The competition was to come up with a one-year target price based on financial analyses for the case company Evolution, which gave us hands-on experience analyzing a company in a professional setting. Personally, I gained the most from finding the most efficient strategy of conveying our investment case by writing a concise report and pitching our hours of in-depth analyses in 10 minutes to the jury at Handelsbanken HQ, says Agust Vannebäck.