This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Chicago Booth Claims MBA Stock Picker Victory

CHAPEL Hill, N.C. ( TheStreet) -- The University of Chicago's Booth School of Business defeated 14 of the nation's top MBA programs Friday in a stockpicker competition in Chapel Hill, N.C.

Students Kyle Akin, Aaron Bianco and Mac Elatab cruised to a unanimous No. 1 performance in the final round of the Alpha Challenge as judges from various asset management firms favored the Booth team's mock pitch to take a long position on DigitalGlobe (DGI - Get Report) and a short position on GenCorp (GY - Get Report).

The event, hosted by the University of North Carolina, showcased top student talent, many of whom said they hoped to eventually work in investment management.

It was a "great" contest with a high level of competition and challenging questions from the judges, Elatab said. When asked if his Booth team would celebrate the victory, Elatab chuckled and said, "I think there's a Tar Heels game in town."

Each business school represented consisted of three MBA students, who received a universe of 90 publicly traded companies on Nov. 3 and submitted by Nov. 11 a power point presentation pitching one company to "short" and one company to hold "long."

Friday morning featured a preliminary round of 15 teams, including Yale University, University of Virginia's Darden School of Business -- who finished second and third, respectively -- UNC's Kenan-Flagler Business School and Columbia University, among others.

The 15 teams were split into four different groups, in which they presented a 15-minute verbal pitch and answered judges' questions for an additional 20. The top team from each group advanced to the final round.

Judges throughout the tournament represented buy-side firms, including Fidelity Investments, T. Rowe Price, Carlson Capital, William Blair, and others.

Shares of DigitalGlobe, a provider of government and commercial earth imagery products, gained 3.6% to close Friday at $36.81. Aerospace and defense manufacturer GenCorp tacked on 0.4% to 17.69.

-- Written by Joe Deaux in Chapel Hill, N.C.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DGI $33.24 -0.18%
GY $21.29 -4.53%
AAPL $132.89 0.18%
FB $81.38 -0.65%
GOOG $554.29 -0.19%


DOW 18,110.74 +72.77 0.40%
S&P 500 2,112.10 +3.18 0.15%
NASDAQ 5,066.5110 +6.2650 0.12%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs