Five Appalachian State University students have been selected as 2016-17 Broyhill Fellows and will compete in the CFA Research Challenge, an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis.
The students are (pictured from left) senior finance and banking and risk management and insurance double major Jarrett Jacumin, senior finance and economics double major Hollie Brown, and senior finance and banking majors McCarthy “Mac” Shelton, Charles Plummer, and John Mosser.
CFA Challenge students work in teams to research and analyze a publicly traded company, and the Broyhill Fellows are well equipped for the task. They are all members of the Walker College of Business’s Bowden Investment Group (BIG), which manages the Elbert V. Bowden Student Managed Investment Fund. The Bowden Investment Group was established in 2000 to provide hands-on, real-world investment experience.
In recent years, the BIG has received generous support from the Broyhill Family Foundation to support the Bloomberg Terminal, student scholarships, student travel and the David A. Thompson professorship. In addition, the Broyhill Fellows are mentored by Mr. Chris Pavese, Chief Investment Officer of Broyhill Asset Management, who helps the team prepare for the research challenge each year.
“This is the ninth year that I have served as advisor to students competing in the CFA Institute Research Challenge, and this is the strongest team academically that Appalachian has fielded in the competition,” said Department of Finance, Banking and Insurance Chair and Bowden Investment Group co-Advisor Delbert Goff. “These students maintain a 3.8 (average) GPA and are highly motivated to succeed.”
Goff said the newest fellows have already begun working diligently toward the goal of winning the global competition.
“The Broyhill Fellows have operated at a level of excellence that we are extremely proud of, and one consistent with the standard the Broyhill Family has set both in industry leadership and in philanthropic support,” said Walker College Dean Heather Norris. “We look forward to continued success.”
Student teams from Appalachian have won six of the eight years that the competition has been held in North Carolina, and Appalachian is the only university in the state to have a team in the finals in all eight years.
The CFA Institute Research Challenge competition began in 2002 and was hosted by the New York Society of Security Analysts. It involved just five teams from the New York area. Since then, the competition has grown to engage tens of thousands of students from over 800 universities in more than 55 countries.