The Else School of Management's Millsaps-Louis Wilson Fund team was among top teams in the Mid-South Research Challenge that was recently hosted in Memphis by CFA Society Arkansas, CFA Society Memphis, and CFA Society Mississippi. The Millsaps team finished second in a field of eight teams.
The Millsaps 2013 team members include M.B.A. students Zach Cunningham of New Orleans; Kegan Joplin of Dallas; and Mary Elizabeth O'Leary of Houston, Texas; and seniors Will Burch of Searcy, Ark.; and Jake Sherrington of Dallas. Julius Ridgeway, CFA and Millsaps M.B.A. graduate now working with Medley & Brown, a Jackson investment advisory firm, was the industry mentor for the team.
The challenge required student teams to present their buy/sell/hold recommendations and their analysis of Chicago Bridge and Iron (CBI). Team presentations were the culmination of three months of research, interviews with company management, competitors, and clients, presentation training, and evaluation. The team's written report counted for half of its score, and its oral presentation and Q&A counted for the other half.
Dr. Walter P. Neely, professor of finance at Millsaps and faculty advisor for the Millsaps-Louis Wilson Fund team, helped students prepare for the competition.
Last year's team from Millsaps finished in the final four teams. In 2011 the Millsaps team was among the final three teams.