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Investment Club places third at statewide conference

By Joon Park

Section: News

October 31, 2014

The Brandeis Investment Club (BIC) placed as one of the three finalists in the Seventh Undergraduate Investment Conference on Oct. 17, at the University of Michigan. The conference was composed of 21 colleges, including two Ivy League schools.

Kenneth A. Buckfire, the president and co-founder of Miller Buckfire & Co., opened the conference with a keynote address. After his speech, time was provided for networking among different campuses. On the next day, all through the morning, the first round of stock pitch competitions began with three colleges competing to move on to the next round. Each group was judged independently in three separate rooms. Brandeis competed against Emory and Virginia Tech.

The BIC team consisted of President Cameron Fen ’15, Vice President of Finance Marshall Chang ’16, Vice President of Equity Jeffery Cherkin ’16 and Analyst Sunjun Lee ’15. Fen led the preparation and research for the competition. The rest of his team came up with a unique way to pitch Third Federal Saving and Loan’s stock, a mutual holding company, currently buying back enormous shares of its stocks. The BIC team was chosen as one of the three schools that went on to the final round. There, they competed against the University of Florida and winner University of Texas at Austin.

BIC holds weekly training sessions where students study texts, generally from autobiographical books on investment and analyses of certain companies’ financial values.

Chang said that On Nov. 11, the club will host presenter Tony Dotson from BellMark Partners, and Professor Michael McKay (IBS) will join the club on Nov. 18 for a speech, Chang said.

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