The rivalry between New Mexico State University and the University of New Mexico found a new arena recently as the universities’ financial management students presented their investment analysis of a company in the CFA Society New Mexico Research Bowl.

cfa research bowl 2019 teamNew Mexico State University's finance students won the first-ever CFA Society New Mexico Research Bowl. Pictured are, from left, Andrew Garcia, Kellirae Reynolds, Tristen Foley, J.J. Midler, CFA Society New Mexico president; Kenneth Martin, NMSU finance professor; Arielle Sedillo and Dominic Maldonado. (NMSU photo by Jane Moorman)NMSU won the first-ever event where the students made an investment management portfolio buy-sell recommendation of Grand Canyon Education’s publicly traded stock. Grand Canyon Education is a regionally accredited provider of online post-secondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business and healthcare. 

Thornburg Investment Management offices in Santa Fe hosted and helped underwrite the research bowl. Thornburg investment professionals judged the teams’ written reports and 10-minute presentations. 

“This friendly competition gave our students an opportunity to use the knowledge and analytical tools they have learned in classes,” said Kenneth Martin, NMSU College of Business finance department chair. “The event was spurred by interest of the CFA Society New Mexico to become more engaged with both NMSU and UNM.”

cfa society of new mexico research bowlNew Mexico State University finance students participated in the CFA Society New Mexico Research Bowl against a University of New Mexico team. Making their presentation to judges from Thornburg Investment Management are, from left, Dominic Maldonado, Arielle Sedillo, Tristen Foley, Kellirae Reynolds and Andrew Garcia. (NMSU photo by Jane Moorman)Representing NMSU were seniors Dominic Maldonado, Albuquerque; Andrew Garcia, Las Cruces; and Tristen Foley, Rio Rancho; and juniors Kellirae Reynolds and Arielle Sedillo, both of Las Cruces.

UNM students participating were Katherine Brunner, Rachel Darnell, Hieu Le and Mark MacGrath. Reilly White, UNM assistant professor of finance, was the team’s faculty adviser.

The competition was the brainchild of White, CFA Society New Mexico’s university relations committee chair. He and the society have worked for several years to bring about the event.

“CFA goals and mission include focusing on the next generation of financial professionals,” said J.J. Milder, president of CFA Society New Mexico. “The competition was designed to give the students the experience of thoroughly analyzing a traded security, defending their analysis and being judged by professional CFA charter holders.”

Following the competition, the judges critiqued the teams.

“The judges gave us advice on how to improve ourselves,” Foley said. “It was great to hear from people in the industry who have done this for years.”

“Talking to the judges, I learned how to properly analyze securities,” Maldonado said. 

Garcia learned the importance of team work and quantitative analysis.

“While preparing for this competition, we applied what we have learned in our classes to real-world situations,” Reynolds said.

“I’m an accounting major so I learned how to value stocks and analyze a company in its full depth to better understand if it should be invested in or not be invested in,” Sedillo said.

CFA Society New Mexico is an organization of investment management and finance professionals who have earned the Chartered Financial Analyst designation through the CFA Institute.

The research bowl is the New Mexico society’s foray toward having an official CFA Institute Global Research Challenge for state university students.

“For a team to qualify for the Global Research Challenge, a state society must have a competition between at least three schools,” Milder said. “This is our first step in that direction. We now need to get other universities to participate.”

Following the competition, Thornburg Investment Management provided overviews of various aspects of the investment industry including fixed income, equity, settlements, global distribution, trading, enterprise data services and marketing.

“Both of our schools have outstanding students who are forming the next generation of finance leaders for New Mexico and beyond,” White said. “Thornburg gave the students an opportunity to see the diverse opportunities and potential career paths that are available to them after graduation.”

Join GCB Three Times Weekly Updates

Welcome to Three Times Weekly Updates! You will be subscribed to email notifications with links to recently posted articles.
You can unsubscribe anytime. We never share or rent your email to anyone.

Fire Alerts

Editor's Note

Check out a new column that will talk about the town of Silver City and its news and services. 

Those new to providing news releases to the Beat are asked to please check out submission guidelines at http://www.grantcountybeat.com/about/submissions. They are for your information to make life easier on the readers, as well as the editor.

Classifieds: Check periodically to see if any news ones have popped up. Welcome to our new version of classified ads.  We invite you our readers to post your own classifieds, which are available for viewing 24/7 and are very reasonable in price, because you do all the work yourselves. A recent classified for a van brought a sale within two days. It's really easy to check to see if there's a classified ad. Just click on Classifieds in the blue menu and the page will open letting you know if there is a classified ad. Remember that your buying classified ads gives you a wide readership, as well as supporting the Beat. Post YOURS for quick results!

Images: We have received complaints about large images blocking parts of other articles. If you encounter this problem, click on the title of the article you want to read and it will take you to that article's page, which shows only that article without any intruders. It's a software problem, not easily fixable, other than showing fewer articles per summary page. If you are a frequent visitor, you might not mind fewer articles per page, but if you only come once in a while, you likely want to see more articles to browse. Write me at editor@grantcountybeat.com to let me know your feelings on this issue. 

Compliance: Because you are an esteemed member of The Grant County Beat readership, be assured that we at the Beat continue to do everything we can to be in full compliance with GDPR and pertinent US law, so that the information you have chosen to give to us cannot be compromised. 

New Columnists: The Beat continues to bring you new columnists.Recent additions  include one about end of life options, Compassionate Care.

The Beat has a column for you gardeners out there. The Grant County Extension Service will bring you monthly columns on gardening issues. The first one posted is on Winterizing your houseplants and patio plants.

The Beat totally appreciates its readers and subscribers!  


All articles and photos indicated by a byline are copyrighted to the author or photographer. You may not use any information found within the articles without asking permission AND giving attribution to the source. Photos can be requested and may incur a nominal fee for use personally or commercially.

NOTE: If an article does not have a byline, it was sent to the Beat and written by someone not affiliated with the Beat

Don't forget to tell advertisers that you saw their ad on the Beat.

Newsletter: If you subscribe to the Join GCB Three Times Weekly Updates option on the left side of this page, you will be subscribed to email notifications with links to recently posted articles.

Here for YOU: Consider the Beat your DAILY newspaper for up-to-date information about Grant County. It's at your fingertips! One Click to Local News.

Feel free to notify editor@grantcountybeat.com, if you notice any problems on the site. Your convenience is my desire for the Beat.

Thanks for your support for and your readership of Grant County's online news source—www.grantcountybeat.com