Kapitall congratulates Michael Hartigan, an MBA student at Fordham University’s Graduate School of Business, who has won the 2013-2014 All-America Student Analyst Competition. The winning undergraduate was Joel Cohen from the University of Cincinnati, while the leading school was Fordham University, with nine students in the top 100.
In its second year, the All-America Student Analyst Competition pitted undergraduate and graduate students from all over the U.S. against one another in the hunt for investment returns using a professional-style trading engine. More than 2,100 students from 81 schools participated in the competition, which is supported by ALPHASEAL®, a software platform developed by Stamford, Connecticut–based Mark My Media. The platform measures the daily performance of participants’ portfolios, calculating six investment factors — net benchmark outperformance, volatility, balance sheet impact, net exposure impact, long alpha and short alpha — employing the Russell 3000 Index as its benchmark. Three times as many students competed than did in the inaugural year, with more than double the number of participating schools.
The results suggest that it’s not easy to beat the market. Not many — only 345 participants, or 16 percent — outperformed the Russell 3000 benchmark, which gained around 9.3 percent over the course of the competition. Read more and see the full results of students and schools here.
Kapitall partner Mark My Media, based in Stamford, Connecticut, produces league tables for the financial services industry and has a sophisticated software platform to track portfolios. The company’s ALPHASEAL® online simulator helps business students bridge the gap between what is taught in the classroom and what is expected on the job in financial services by giving them a tool to track risk-adjusted portfolio performance along similar metrics as those used by investment professionals.
Learn more about ALPHASEAL® here.