Eberly Students Win Top Honors in Institutional Investor All-America Student Analyst Competition

Posted on 5/6/2014 3:25:27 PM

Two finance majors in the Eberly College of Business were identified as top 25 performers in the Institutional Investor All-America Student Analyst Competition.

Joshua Mann and Phillip Del Prete, who were named top 25 performers, are two of three Indiana University of Pennsylvania students to be recognized at the competition out of more than 2,100 participants.

Del Prete said the competition was a great way to get some experience in the stock market.

“I invested in companies I knew and trusted, and I ran with it,” he said. “No question it's easier to invest when it's a game and not your own money.”

For the competition, students started with $100,000 each in their portfolios and could trade in the seven industry categories of Basic Materials, Capital Goods/Industrials, Consumers, Energy, Financials, Healthcare and Tech, Telecom, Media.

Students had to comply with Regulation T, Federal Reserve Board margin rules, and traded on the cloud-based system AlphaSeal, which creates a personal portfolio for each competitor. AlphaSeal tracks the equity value, net asset value, and profits and losses daily like a broker would. 

Performance was based on analytical data from six investment factors: net benchmark outperformance, volatility, balance sheet impact, net exposure impact, long alpha, and short alpha. The top 25 students in each category qualified for top performance honors.

For winning this honor, the students’ names will be published in the next issue of Institutional Investor Magazine and online at Institutional Investor and ALPHASEAL.

The magazine plans to publish details about Mann and Del Prete’s trading portfolios, and they will be invited to a LinkedIn group by members of the Institutional Investor team. The group is only for top performers and their professors.

“A lot of highly intelligent students were in my class, and it feels good to know I was a top competitor,” Del Prete said. “It was a great experience and I hope to use the knowledge I gained from the games as I pursue my career in the financial world.”

Zachary Schilinski, another IUP finance major, was also ranked in the top 100 out of 2,100 students nationwide who participated in the competition.

The program was a part of finance professor Robert Boldin’s Fall 2013 Seminar in Finance class.

“This competition gave students the opportunity to apply their knowledge and investing skills in a formal competitive setting,” Boldin said. “Because there were such a large number of entrants, I am pleased that several of our students ranked in the top 100 or better.”

—Aleda Johnson

Eberly College of Business and Information Technology