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Dhaka Tribune

LankaBangla searches for Alpha Hunters

Update : 05 Oct 2013, 05:54 PM

In finance, the word “Alpha” signifies above-average market return. As the goal of the competition was to find out students who can find stocks and give investment decision that generate above average return, meaning the competitors will be hunting for “alpha,” the competition was aptly titled Alpha Hunters.

The inception of Alpha Hunters was inspired by the need for promoting financial research practices among business students and inspiring students to take capital market based financial institutions for a career path. Moreover, the focus was on recruiting graduates who has a knack for equity research.

Alpha Hunters and Lanka Bangla Securities put up an endeavour to glamorise the capital market and equity research to bring talented finance graduates into the capital market. The first season of Alpha Hunters was successful in bringing out 16 competent finalists who can take leadership in the local financial institutions in the future.

First round

In the first round, competitors were asked to send a short write-up focusing on economic analysis. A two-member team was required to take a hypothetical investor profile made by their own discretion and suggest portfolio of asset classes that would suit the hypothetical profile. Students from both BBA and MBA participated in the competition.

About 140 teams from 15 universities signed up for the competition through the Facebook page of LankaBangla Financial Portal, a full-fledged financial data and news service that provides information related to money and local economy.

The first round of the competition was held from June 26 to August 31.

Second round

From the first round, 31 teams were selected to participate in the second round. They were invited to participate in a workshop arranged by LankaBangla Financial Portal and Capital Market Research Department of LankaBangla Securities Limited. The workshop covered the second round competition guideline and tips for best valuation practices. The session was interactive with talks about different industries and their fundamental information analysis.

The workshop provided the participants with insight about work methodology followed by a Research Analyst in a capital market research situation.

In this round, contestants were judged on their ability to find and present the fundamental information of a company, identify industry dynamics and accuracy of the valuation model.

The competitors were given 15 days to complete the valuation. The second round ended on September 18.

Gala round

8 out of 31 teams were selected for competing in the gala round of the Alpha Hunters.

The third round required the selected teams to send an improved financial model and valuation report. Additionally, they presented their investment ideas to industry professionals. The judging panel included Dr Mahmood Osman Imam, Professor of Department of Finance, University of Dhaka, Mamun Rashid, Vice Chairman of BD Venture Limited and Shahidul Islam, CFA, FRM, CEO of VIPB Asset Management Co. Limited.

The top three teams at the end of the final round were:

Champion: Fariba Fowzia, and Farhana Hoque from Faculty of Business Studies, University of Dhaka

1st Runner-up: TM Nafio Nabi, and Kazi Raquib-Ul Huq from North South University

2nd Runner-up: Md Fuhad Hasan, and Mufti Mejbaur Rahman from United International University

These teams will be given internship opportunity and prioritised job interview with LankaBangla Securities Limited. The final round contestants also got the opportunity to network with the industry professionals. The final event was held on September 28 at Faculty of Business Studies, University of Dhaka Auditorium.  

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